The $700 Billion Bailout.
The Republican and the Democrat in the race went along with the bailout packages.
Ralph Nader is against the bailout. Nader says "Washington had Wall Street over the barrel. What Congress should have done is add to Bush's blank check comprehensive regulation to prevent this. Criminally prosecute the culprits on Wall Street. Give more power to the shareholders to control their company and restrain their bosses' excesses. Demand real taxpayer equity with good conditions and finally, make the culprits pay for it".
Tackling the Deficit
Obama and McCain never say where the money is going to come from. Hundreds of billions for the military budget (not including the attacks on Iraq and Afghanistan) eat up the budget for education, healthcare, jobs and homes.
Ralph Nader: What the media doesn't talk about is where the money is coming from - more deficits which apparently don't bother the two major candidates enough to have a corrective program. Are we going to sell bonds to the Chinese and to the Western Europeans, treasury bonds? Are we going to print money?
The deficit is going to staggeringly expand in the next year. So the best way to deal with it is to cut the bloated military budget, cut the corporate subsidies, put the money into public works repairing America, good jobs in every community, and make the speculators on Wall Street pay for their bailout. That's what the Nader-Gonzalez campaign is taking across the country. The two major candidates and their parties have been dialing for a lot of corporate dollars. And more Wall Street money has gone into Obama's campaign than McCain's by far.
We've got to change Washington into a body of government that respects the taxpayer, respects the worker, and doesn't just use the word "middle class". "Middle class" is what Obama always says without talking about the 100 million poor people in this country who are underpaid, overcharged, ripped off, marginalized, and excluded.
They do the dirty work for us, and they're never mentioned in the campaign. It's like the poor is a no-no. And yet poor Americans are shrinking the middle class because a lot of the middle class is going into poverty.
A Call for Justice
Ralph Nader: There's the lack of consumer standards, where we shouldn't provide a mortgage with no down payment or deferred interest. And, you know, most poor people ask themselves - why should I turn down a bargain, even though it may come to haunt us?
The key here is to protect consumers with a whole brace of regulation, to reinstate some of FDR's standards to control banks, investment banks, conflicts of interest, and the enormous ricochet effect against prudent institutions who did it right and prudent investors who did it right from the speculation and what Richard Fisher, the head of the Federal Reserve in Dallas, Texas, called "an orgy of excess and speculative behavior on Wall Street".
In late January 2009 when I'm elected president, I would recraft these bills for recovery by reinstalling comprehensive regulation. It was Clinton's deregulation, with the Republican support in 1999-2000, that opened this huge speculative excess - number one!
Number two - shareholders are stripped of any authority. It's a violation of capitalist principles for people who own their companies to have no control over their bosses. And their bosses go wild with self-enrichment schemes that the mainstream press has written about constantly. That's second!
And then third - this is very, very important - there's got to be justice. People are crying out against this gross unfairness where these bosses on Wall Street tank their own companies, unemploy hundreds of thousands of workers, and jump ship into a golden lifeboat.
And then their companies demand that socialism in Washington - think of the irony - has to bail out corporate capitalism in Wall Street.
The only place left for capitalism in this country is small business because they're free to go bankrupt. They don't get bailed out.
Plans for Afghanistan
The Republican and Democratic nominees opposing me in this race have come out with different plans. Obama and McCain are ready to get us into a massive quagmire. And if Pakistan is destabilized, it's going to make Iraq look like small potatoes, even with the million Iraqis and 4,200 American soldiers who have died in that conflagration.
What is my plan? More soldiers in Afghanistan and the Pakistan border will destabilize Pakistan. The National Intelligence Estimate of Mr. Bush just came out with a statement saying there's never been more violence and chaos in Afghanistan since 9/11.
So we have to look to wise peple, like Ashraf Ghani, who is the finance minister for Karzai, the president, and who is a professor here in this country, a native Afghani, who says you've got to connect with the tribal leaders and give them and their people jobs, public works, security, and that will be the buffer against the people who just want chaos. Let's put it this way. Nobody conquers Afghanistan. The British didn't do it. The Soviet Union didn't do it. We're not going to do it.
Nader's Middle East Proposals
Six months negotiated withdrawal with modest autonomy between Shites, Sunnites and Kurds, under an unified Iraq of all U.S. soldiers and corporate contractors, continued humanitarian aid, and U.N. sponsored elections will extricate the United States from Iraq. That will do it because that would knock the bottom out of the insurgency.
I know this area. My parents came from Lebanon at age 19. We know the language. We know the authority of the religious leaders and the tribal leaders. That authority is still intact.
Any diminution of violence in recent months in Iraq have been due to realignments between these authority figures. And that's what we have to support, not more preferring one sectarian group over another, wheeling and dealing $100 bills, and the intrigue, and the revenge killings.
There's no way to knock the bottom out of the insurgency , which will ebb and rise, according to circumstances, unless you eliminate the occupation of their country and give Iraq back to the Iraqis and their oil back.
And it would help if the U.S. government would support the peace movements in Israel and Palestine, which have worked out a two-state solution , which was somehow prohibited from appearing in Congress. They're off-limits to the two-party campaigns - Obama and McCain.
And it's disgracefully cowardly for these two people who are smart. I know them. They know what it takes to make peace between the Israelis and Palestine people.
A majority of Jewish-Americans, Arab-Americans want a two-state solution. So do the majority of the Israelis and the Palestinians. And, instead, both major candidates support the hard-liners.
You don't make peace by supporting the militaristic repression, occupation and colonization of Palestine.
To hear Nader, please go to http://www.pbs.org/newshour/bb/politics/july-dec08/nader_10-14.html
See Donna's comments on California Propositions 5, 6, 8 & 9 and local politicians in Donna's blog - Donna Votes on Props 5, 6, 8, & 9.