Nader Blasts Corporate Bailout, Warns of Taxpayer Revolt

Written by Luke Thomas. Posted in News, Politics

Published on October 01, 2008 with 1 Comment

Ralph Nader discusses Congress’ corporate bailout from fogcityjournal on Vimeo.

By Luke Thomas

October 1, 2008

Independent candidate for vice president Ralph Nader yesterday blasted the Bush administration and members of Congress for supporting a “corporate bailout of Wall Street.”

“If the US Government is going to bail out anybody,” Nader said during a press conference held outside the San Francisco Federal Reserve building, it “should bail out prudent savers and investors, not speculators and corporate criminals.”

Nader called the Bush presidency, “the most criminally recidivist presidency in American history,” and warned taxpayer anger could lead to civil unrest.

“Socialist Superman is sweeping down on New York City from Washington D.C. to bailout the giant casino capitalists on Wall Street,” Nader said. “How much more can the American taxpayer endure before the American taxpayer revolts and takes over the Government of the United States?”

Luke Thomas

Luke Thomas is a former software developer and computer consultant who proudly hails from London, England. In 2001, Thomas took a yearlong sabbatical to travel and develop a photographic portfolio. Upon his return to the US, Thomas studied photojournalism to pursue a career in journalism. In 2004, Thomas worked for several neighborhood newspapers in San Francisco before accepting a partnership agreement with the, a news website formerly covering local, state and national politics. In September 2006, Thomas launched The BBC, CNN, ABC, NBC, CBS, Fox News, New York Times, Der Spiegel, San Francisco Chronicle, San Francisco Magazine, 7x7, San Francisco Examiner, San Francisco Bay Guardian and the San Francisco Weekly, among other publications and news outlets, have published his work. Thomas is a member of the Freelance Unit of the Pacific Media Workers Guild, TNG-CWA Local 39521 and is a member of the Society of Professional Journalists.

More Posts - Website

Follow Me:

1 Comment

Comments for Nader Blasts Corporate Bailout, Warns of Taxpayer Revolt are now closed.

  1. I’m supporting Chuck Baldwin for President, but if the choices were Obama, McCain, and Nader, I would choose Nader hands down.

    I have a great deal of respect for Nader, of which I don’t have any for either of the two major party candidates, and Nader’s opposition to the bailout raises my respect for him several notches higher.

    The bailout is a travesty and the current <a href=””Senate plan is unconstitutional.