Politics
Out of context: Reply #2600
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- janne760
Ralph Nader isn't surprised that Obama and McCain agreed with Bush and were so eager to bailout their friends and campaign contributors on Wall Street with taxpayer money without any meaningful public discussion about it. Mr. Nader believes investors can bailout Wall Street through 0.1% tax on the 500 trillion dollars spent on derivatives speculation as an alternative.
Nader points out that some of the deregulation was proposed by the Republicans, but signed into law President Clinton with the blessing of Henry Paulson. He is skeptical of claims that this is a once in a century occurance, noting that a similar bailout ($400 billion in 2008 dollars) for runaway financiers occurred with the Savings & Loans Crisis of the late 80s and early 90s.
- http://flickr.com/ph…janne76
- Ohh of course, but if you ask mrdobolina he'll tell you EVERYONE on Wall Street is Republican. o_O********