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...John Edwards says, does and wears, from the frayed cuffs of his faded jeans to the rolled-up sleeves of his basic blue shirt, tells these people he is one of them. He may be a millionaire trial lawyer, but he made his money by taking on corporations on behalf of regular folks, "and I beat 'em and I beat 'em and I beat 'em again." He and Elizabeth fall into a little routine onstage-she's the smart, gabby wife, he's the exasperated but loving husband-and when she interrupts him by mopping up some water that...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

...ready for a sharp critique of what's gone wrong. And he has one advantage his opponents lack: a sweet-tea voice that makes his tough talk go down easy. He isn't ranting; he's twanging like a bluegrass banjo, rolling along in full control-outraged on behalf of people who have lost their jobs or pensions to corporate restructuring, people who watch their children go off to "this mess of a war in Iraq." And he's enthusiastic about all the things he'll do for these people as soon as he shuts down those rascally insiders: pass...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

...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. But in politics, of course, dumb arguments can hurt you, which is why some Edwards aides urged him not to build such a big house. Their effort failed because the Edwardses-having battled cancer and lost a son, Wade...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

...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...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

...million invested with Fortress-and Fortress has stakes in subprime lenders that are foreclosing on people in New Orleans. Edwards told me that when the story broke in May, he sought assurances from Fortress that it wasn't engaging in predatory practices and asked the company to intercede on behalf of a New Orleans mortgagor facing foreclosure. "They said, We'll do that, I said O.K., and then I forgot about it," he said. That was another mistake. By August, the Wall Street Journal was reporting that subprime companies in which Fortress has a stake had foreclosed on 34 homeowners...

Author: /time Magazine | Title: John Edwards Bets the Farm | 8/29/2007 | See Source »

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