February 19, 2008

Will Chelsea Get A Real Job?

And quit exploiting the real people of America?

After all, she works managing hedge funds -- and those are bad people, according to Hillary Clinton.

ABC News' Jennifer Parker and Eloise Harper Report: Sen. Hillary Clinton took a swipe at her daughter's profession today at an economic roundtable discussion at a restaurant in Parma, Ohio, suggesting wealthy investment bankers and hedge fund managers on Wall Street aren't doing real 'work.'

The former first lady's daughter, Chelsea Clinton, works for New York-based hedge fund Avenue Capital Group. She previously worked in New York for McKinsey & Company, her first job after graduating with her master's degree from Oxford University.

"We also have to reward work more," Clinton told a small group of Ohio residents today. "and by that, I mean, I have people in New York working on Wall Street as investment managers, as hedge fund executives. Under the tax code, they can pay a lower percentage of their income in taxes on $50 million dollars, than a teacher, or a nurse, or a truck driver in Parma pays on $50,000. That's very discouraging to people."

You just feel like, 'wait a minute. I'm working as hard as I can.' All those people you see in your law office. They're working as hard as they can and they feel like they're just getting further and further behind," Clinton said.

It's not the first time Clinton has taken a swipe against her daughter's profession. Campaigning in Wisconsin yesterday, Clinton railed against hedge funds as Chelsea sat off to the side.

"I saw a sign over here - someone has a t-shirt on, tax hedge fund dealers," Clinton said Monday, "well in this economy we are going to have a fair tax system again. A Wall Street investment manager, a hedge fund dealer, should not pay a lower percentage of taxes on his 50 million dollars worth of income.”

Gee -- David Shuster was suspended from MSNBC for criticizing the Clinton campaign's use of Chelsea Clinton as a surrogate. Now that Hillary is attacking her daughter's profession -- and, by implication, her daughter -- will there be some sort of penalty for the attack on Chelsea? Or does the Clinton campaign hold out a double standard on attacks on Chelse?

And by the way -- will Hillary insist that her daughter get a real job?

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