Hillary, Chelsea and Pete Peterson

Hillary Clinton is regularly taking swipes at hedge fund managers in a not-so-subtle jab at the carried interest problem, where the hedge fund and private equity folks get taxed at a lower rate. The same is true of various kinds of partnerships. Of course, Chelsea now works for a hedge fund, too. ABC has more on this.

Personally, I can't see the case for not raising the rate. And I think it would be a huge service if Pete Peterson, who has been so outspoken about fiscal recklessness, said something about it too. But the Blackstone founder still defends the lower rate. On this one, I think Hillary's right. My spouse, I note, works for Clinton.