Two-time presidential candidate Ralph Nader has sent out an e-mail to supporters containing a blistering attack on Hillary Clinton and her No. 1 promoter — former President Bill Clinton.
While the New York Times has described Hillary’s campaign as a "truly two-for-the-price-of-one" race, Nader observes that voters might examine the real Bill Clinton record before opting for, as the title of his posting indicates, Hillary and “Eight More Years.”
Nader writes that while in the White House, Clinton took credit “for developments with which he had very little to do such as the economic growth propelled by the huge technology dot.com boom.
“Bragging about millions of jobs his administration created, he neglected to note that incomes stagnated for 80 percent of the workers in the country and ended in 2000 under the level of 1973, adjusted for inflation.”
Moves by the Clinton administration “further entrenched corporate power over our economy and government during the decade,” Nader writes.
“He pushed through Congress the NAFTA and the World Trade Organization (WTO) agreements that represented the greatest surrender in our history of local, state and national sovereignty to an autocratic, secretive system of transnational governance. This system subordinated workers, consumers and the environment to the supremacy of globalized commerce.”
Clinton also drove legislation through Congress that concentrated more power in the hands of giant agribusiness, large telecommunications companies, “and the biggest jackpot - opening the doors to gigantic mergers in the financial industry,” Nader notes.
“The latter so-called ‘financial modernization law’ sowed the permissive seeds for taking vast financial risks with other peoples' money (i.e. pensioners and investors). That is now shaking the economy to recession…”
“By reappointing avid Republican Alan Greenspan, chairman of the Federal Reserve, Mr. Clinton assured no attention would be paid to the visible precursors of what is now the sub-prime mortgage crisis. Mr. Greenspan, declined to use his regulatory authority and repeatedly showed that he almost never saw a risky financial instrument he couldn't justify.”
Nader, who supports John Edwards for president, also writes in his e-mail, which was excerpted in the Washington Times:
“Bill Clinton is generally viewed as one smart politician, having been twice elected the President, helped by lackluster Robert Dole, having survived the Lewinsky sex scandal, lying under oath about sex, and impeachment. When is it all about himself, he is cunningly smart.
“But during his two-term triangulating presidency, he wasn't smart enough to avoid losing his party's control over Congress, or many state legislatures and governorships…
“Now he sees another admission ticket to the White House through his wife, Hillary Clinton…
“It's small wonder that the editors of Fortune Magazine headlined an article last June with the title, ‘Who Business is Betting On?’ Their answer, of course, was Hillary Clinton.”
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