Time Magazine pretty much nails it.
On the Edwards campaign, and the inane babble about his "hypocrisy"
On the Edwards campaign, and the inane babble about his "hypocrisy"
“Another challenge is that much of the attention he’s gotten recently has been the unflattering kind, stories that question his sincerity and assail his image as a fighter for the little guy by focusing on his pricey haircuts, huge house and hedge-fund job. These viral attacks, spreading from the Drudge Report and other blogs to newspapers everywhere, make a dumb argument. They assume that someone who’s wealthy can’t be a sincere advocate for poor and working people. By that logic, the healthy can’t speak on behalf of the sick, or whites on behalf of people of color...
Here’s what would truly be hypocritical: if Edwards spoke out on behalf of the disadvantaged while pushing policies that benefit the rich. This he does not do. He favors boosting the capital-gains tax rate for families earning over $250,000 and closing the loophole that allows fund managers—like those at Fortress Investment Group, where he earned almost $500,000 in 2006—to get taxed at just 15%. ‘He wants to take money away from the people who paid him,’ says deputy campaign manager Jonathan Prince. ‘That’s not hypocrisy. That’s sincerity.’”
http://www.time.com/time/printout/0,8816,1657558,00.html