Ralph Nader: Why Is There Need for a Bailout? + Today’s Protests

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Sep 25, 2008
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Dandelion Salad Democracy Now! Sept 25, 2008 As Bush Admin Pushes $700B for Wall Street, Ralph Nader Asks, “Why Is There Need for a Bailout?” As the Bush administration intensifies its pressure for Congress to quickly approve a $700 billion bailout of the financial industry, we get reaction from Independent presidential candidate and consumer advocate Ralph Nader. Nader calls Democratic claims of White House concessions “wish fulfillment” and says the bailout might not be needed in the first place. [includes rush transcript] Real Video Stream Real Audio Stream MP3 Download Democracy Now! | As Bush Admin Pushes $700B for Wall Street, Ralph Nader Asks, “Why Is There Need for a Bailout?” *** votenader08 Wall Street Bailout 2008 Presidential Candidate Ralph Nader discusses the proposed Wall Street Bailout and his solutions. This is in response to a question asked by a student at the University of West Virginia, in Morgantown, on September 24, 2008. For more information, please visit http://www.votenader.org more about “Wall Street Bailout“, posted with vodpod *** Fight Bush, Fight the Bailout!! IWantDemocracyNow *** transcript: Democracy Now! | As Bush Admin Pushes $700B for Wall Street, Ralph Nader Asks, “Why Is There Need for a Bailout?” JUAN GONZALEZ: The Bush administration is intensifying its pressure on Congress to quickly approve a $700 billion bailout of the financial industry, despite warnings from economists and some governmental officials that the bailout could worsen the financial crisis. Last night, President Bush held a prime-time address to warn the nation’s entire economy is in danger if the bailout is not approved as soon as possible. PRESIDENT GEORGE W. BUSH: The government’s top economic experts warn that without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold. More banks could fail, including some in your community. The stock market w
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