QUICK: You know, one of the things that the nation is watching is next week, the first of the conventions kicks off, the Democratic National Convention. Originally, John Edwards was expected to be speaking at that convention, but after some revelations and a spectacular fall about--some revelations about his private life, he will no longer be speaking at the convention. Warren, you're somebody who has been supporting Barack Obama. Did you ever give money to John Edwards along the way?
BUFFETT: No, I didn't--I didn't give money to John Edwards. And, in fact, I think if I'd given money to him, I'd probably be asking for it back now. It's an interesting situation because John Edwards essentially was soliciting money from people to further his ambitions for the presidency, and, you know, people sent him 50, $100, $200, and I would say that they sent it in while they were being misled by the person who was soliciting the money from them. And, you know, I think if I were Edwards, I might give up a haircut or two and refund at least, you know, the people that gave the 50 or $100, $200 items, because they-- if they had known the facts, they wouldn't have sent him the money, and he is the guy that didn't give them the facts. I mean, he knew that, in effect, he wouldn't be elected president. I mean, the story was out there during the campaign. He denied it, but it was out there. And, in fact, I've never heard of it, but it might be kind of interesting if somebody, some contributor, would bring a class-action suit on behalf of all these people who essentially were led to send money to a man under totally false circumstances, false pretenses, and where he knew it and didn't tell them the truth.
QUICK: Hm, that'd be ironic for a trial lawyer...
QUICK: ...to have a class-action lawsuit brought against him.
BUFFETT: I've seen a lot of class-action suits with less to it than this particular case. The facts are clear. I mean, he solicited money and he wasn't telling the truth to the people he was soliciting it from.
QUICK: How--have you had any discussions? I mean, obviously, you talked to a lot of people who are high ranked in the Democratic Party. Is that something that's been thrown around out there, or did you cook this up yourself?
BUFFETT: No, I don't think--I don't think I've heard of that. The--I don't talk to a lot of class-action lawyers, but I really think--I think those people were defrauded. They sent money under--with the person who was soliciting the money from them misinforming them even when the National Enquirer came out with it during his campaign,he kept soliciting money and saying it isn't true. I would think that they--it might be a pretty good class-action suit.
QUICK: Even to this day, he says that he--they had 99 percent of it wrong, even in the most recent interview John Edwards came up with, although he admits that he did have an affair with a woman.
BUFFETT: Well, he would have a chance at a class-action suit to respond to that.
Heh! ... I would think this would be a difficult precedent to contain--can donors sue McCain because he didn't, in fact, get "the message" from the defeat of his immigration semi-amnesty bill--and he knew it? Maybe businesses have to live with this sort of uncertain class-action threat when they dissemble. Politicians will never stand for it. ... 12:32 P.M. link
Susan Estrich on why she knew early on that the candidate whose campaign she was running would lose in 1988:
Sometimes you can look at the numbers, and doom stares you in the face. ... [snip] ... By the summer of 1988, the country had turned from believing we were on the wrong track to thinking we were on the right track. They thought my candidate, Governor Dukakis, was more conservative than he actually was — that's what beating Jesse Jackson every Tuesday will do for you.
Dukakis' campaign manager may be the only person in America who thinks he lost because he was seen as "more conservative than he actually was." ... [Tks to Z] ... Update: Emailer F suggests I'm misunderstanding Estrich:
She isn't saying people ultimately voted against Dukakis because he was too conservative. She's saying that he initially was leading in the polls because people perceived him to be more conservative than he was. When his ideological underpinnings became more apparent they turned against him.
That's not my reading of her column. In the very next sentence Estrich says, "By the fall, it was clear: right or wrong, they didn't like him." Would they be "wrong" if they came to correctly perceive that he was more liberal than they previously thought? Or is Estrich saying they persisted in their misperception of him? I think the latter. But "F" could be right. ... 11:34 A.M.
Thursday, August 21, 2008