TARP, baby!

A mostly political Weblog.
Sept. 30 2008 8:21 PM

TARP, Baby!

Explaining Paulson's plan better than Paulson.

(Continued from Page 44)

U.S. Senator Susan Collins of Maine isn't buying Story #2. ... [Tks. to D.B.3:29 P.M.

___________________________

Former Edwards Senate campaign manager Gary Pearce isn't buying Story #2. ... 1:09 P.M.

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How big a victim is Elizabeth Edwards? A decision tree:  Did John Edwards

A) finally come clean in his Friday evening Nightline interview! ... or

B) choose, when caught out in a lie, to recklessly erect a second edifice of BS regarding at least 1) whether this was his only affair; 2) when this affair started; 3) when it ended; 4) whether it was going on in mid-2007 when Rielle Hunter's child was conceived; 5) whether he thinks he might be the father; 6) whether he actually wants a paternity test; 7) why he visited Hunter at the Beverly Hilton; 8) whether he knew and/or tacitly approved of payments to Hunter and putative father Andrew Young. ...

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If you opt for B--perhaps citing this, or this--you face a second, more interesting speculation: Why did Edwards tell his new lies? Were they

i) the same lies he told his wife, Elizabeth--that the affair ended in 2006, etc.--so the Nightline's Story #2 was really an attempt to save his marriage now that his political career is over or

ii) lies designed more to preserve the possibility of a political comeback some time in the future by admitting only to a "short" affair, before his wife's cancer recurred, that did not involve any questionable campaign practices (such as using contributions to give your mistress a job that allows her to travel with you)?

It's not surprising that People magazine's new cover story  portrays Elizabeth Edwards as the anguished victim motivated by "her determination to keep her family together." People is basicaly working from script (A), the one John Edwards undoubtedly wanted the MSM to work from when he prepared for Nightline. The Excruciating Anguish of Elizabeth (who "pushed her husband to finally come clean") would be a logical part of that PR strategy whether or not Edwards was telling the truth to Bob Woodruff.

What's surprising is that the non-MSM National Enquirer, which is decidedly not working from script (A)--it's out to puncture Edwards' Story #2-- also portrays Elizabeth as the victim. "He is still lying to America and his wife." the tab says. The Enquirer opts for B (i).

Let me raise the alternative, third possibility contained in B(ii): there is a Second Coverup and Elizabeth Edwards, rather than being its victim, is in on it up to her eyeballs! ** Why do I think this is a real possibility? First, Elizabeth was in on the first coverup, allowing her husband to go out and deny the initial Enquirer reports of his affair. (He admits to Woodruff that she knew these denials were false,) Second, she might see her legacy as bound up with her husband's--and also want her children to have a father with a political future.*** Third,  Elizabeth Edwards is famously smart, and a lawyer. Does still she really think the Enquirer is just making up the part about how Edwards' affair with Hunter restarted around the time Hunter got pregnant? Does she think her husband knew nothing about the payments?

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