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Friday, May 08, 2009
Diana West :: Townhall.com Columnist
Hedge Fund Man for President
by Diana West
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I don't know who Asness is aside from being a highly successful hedge fund manager -- an occupation for which I don't even know how to pack a briefcase. But he is speaking truth to power, which is exactly what the American people need to hear. "The President screaming that the hedge funds are looking for an unjustified taxpayer-funded bailout is the big lie writ large," he writes. "Find me a hedge fund that has been bailed out. Find me a hedge fund, even a failed one, that has asked for one. In fact, it was only because hedge funds have not taken government funds that they could stand up to this bullying. ... The President's comments here are backwards and libelous. Yet somehow I don't think the hedge funds will be following ACORN's lead and trucking in a bunch of paid professional protestors soon. Hedge funds really need a community organizer."

Contrast this fiery defense of capitalism -- the latest cause of the "culture war," according to Arthur Brooks, the new head of the American Enterprise Institute -- with the gag-inducing mush almost simultaneously offered by Jeb Bush, Eric Cantor and Mitt Romney during a political event during which, as the Washington Post noted, these proto-presidential hopefuls "did not directly attack President Obama, rarely used the word 'Republican,' and engaged in a healthy dose of self-criticism."

"You can't beat something with nothing," burbled former-presidential brother Jeb Bush during this GOP-lite squish-o-rama. "And the other side has something. I don't like it, but they have it, and we have to be respectful and mindful of that."

The "other side" has something, all right -- possession of the economy, which is nothing to "respect." It is something to oppose.

As Asness does. "This is America," Asness concludes. "We have a free-enterprise system that has worked spectacularly for us for 200-plus years. When it fails it fixes itself. Most importantly, it is not an owned lackey of the Oval Office to be scolded for disobedience by the President."

Could there be a pulse in the body politic? Be still, my political heart. This is the vital spirit of rebellion that just might lead conservatives to declare: Hedge Fund Man for President.

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About The Author
Diana West is a contributing columnist for Townhall.com and author of the new book, The Death of the Grown-up: How America's Arrested Development Is Bringing Down Western Civilization.
 
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Cliff Asness
Cliff Asness has decided to break rank despite of people in the financial industry have been keeping mum lately. Cliff Asness, from AQR Capital, let President Obama have it, after the chief executive announced his discontentment of how hedge funds were held back from investing in Chryller LLC and with their restructing deal, while their bankruptcy negotiations were ongoing. According to Asness, the hedge funds manager has the responsibility to their clients, and granting debt relief to a company in bankruptcy isn’t among them. Which means, that he doesn’t have to invest nor participate in any deal he doesn’t think will make his clients money, and keep clients out of wanting short term loans is what Cliff Asness does for a living. For further reading click: http://personalmoneystore.com/moneyblog/2009/05/06/cliff-a sness-obama-chrysler/

Soros is a hedgefund manager
Soros is a hedgefund manager
and he gave a bad name to all hedgefunds. Apparently there hedgefunds that can have a "good crisis" during the Obama administration, and hedgefunds that must be vilified in that same administration. That comes hand-in-hand with some having more rights than others. Are some of you still surprised?
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