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Here's an article where the independent candidate Ralph Nader and the Green Party candidate Cynthia McKinney responded to the questions to were posed to Senators McCain and Obama during last week's debate.
Spoiler :
Breaking the Sound Barrier: Third-Party Candidates Ralph Nader & Cynthia McKinney Respond to Final McCain-Obama Debate
Senators Barack Obama and John McCain met last night for the final debate before the November 4th presidential election, sparring over the economy, tax policy, negative campaigning, trade agreements, abortion and the educational system. As with the other debates, third-party candidates were not invited to participate. We break the sound barrier and hear from Green Party presidential nominee Cynthia McKinney and independent presidential candidate Ralph Nader. (includes rush transcript)
Guests:
Cynthia McKinney, Green Party presidential nominee. Former Democratic congresswoman from Georgia.
Ralph Nader, Independent presidential candidate. He is a longtime consumer advocate and corporate critic.
JUAN GONZALEZ: Senators Barack Obama and John McCain met last night for the final debate before the November 4th presidential election. It was held at Hofstra University on Long Island in New York.
Prior to the ninety-minute face-off, police arrested fifteen protesters in a peaceful demonstration outside the university led by Iraq Veterans Against the War. One veteran, Nick Morgan, was hospitalized after being trampled by a police horse. Video shot at the scene showed Morgan lying on the ground by a pool of blood. The arrests took place less than an hour before Barack Obama and John McCain took the stage.
During the debate, the Iraq war was barely mentioned. The war in Afghanistan never came up. Instead, the two candidates sparred over the governments plans to rescue the financial system, tax policy, negative campaigning, trade agreements, abortion and the educational system.
AMY GOODMAN: As with the other debates, third-party candidates were not invited to participate. But today on Democracy Now!, we will break the sound barrier by giving some of those candidates a chance to respond to last nights questions.
Green Party presidential nominee Cynthia McKinney joins us in Atlanta, and independent presidential candidate Ralph Nader joins us on the phone. We invited Libertarian Party presidential nominee Bob Barr and Constitution Party nominee Chuck Baldwin, but they couldnt join us. So, they will answer the same questions put to the major party candidates.
We begin with CBS Newss Bob Schieffer, the moderator of last nights debate.
BOB SCHIEFFER: By now, weve heard all the talking points, so lets try to tell the people tonight some things that theythey havent heard. Lets get to it.
Another very bad day on Wall Street, as both of you know. Both of you proposed new plans this week to address the economic crisis. Senator McCain, you proposed a $52 billion plan that includes new tax cuts on capital gains, tax breaks for seniors, write-offs for stock losses, among other things. Senator Obama, you proposed $60 billion in tax cuts for middle-income and lower-income people, more tax breaks to create jobs, new spending for public works projects to create jobs.
I will ask both of you: Why is your plan better than his? Senator McCain, you go first.
SEN. JOHN McCAIN: Well, letlet me say, Bob, thank you. And thanks to Hofstra. And, by the way, our beloved Nancy Reagan is in the hospital tonight, so our thoughts and prayers are going with you. Its good to see you again, Senator Obama.
Americans are hurting right now, and theyre angry. Theyre hurting, and theyre angry. Theyre innocent victims of greed and excess on Wall Street and as well as Washington, D.C. And theyre angry, and they have every reason to be angry. And they want this country to go in a new direction.
And there are elements of my proposal that you just outlined, which I wont repeat. But we also have to have a short-term fix, in my view, and long-term fixes. Let me just talk to you about one of the short-term fixes.
The catalyst for this housing crisis was the Fannie and Freddie Mae that caused the subprime lending situation that now caused the housing market in America to collapse. I am convinced that, until we reverse this continued decline in home ownership and put a floor under it, and so that people have not only the hope and belief they can stay in their homes and realize the American dream, but that value will come up.
Now, we have allocated $750 billion. Lets take 300 of that billion and go in and buy those home loan mortgages and negotiate with those people in their homes, 11 million homes or more, so that they can afford to pay the mortgage, stay in their home.
Now, I know the criticism of this: Well, what about the citizen that stayed in their homes, that paid their mortgage payments? It doesnt help that person in their home if the next-door neighbors house is abandoned. And so, weve got to reverse this. We ought to put the homeowners first. And I am disappointed that Secretary Paulson and others have not made that their first priority.
BOB SCHIEFFER: Alright. Senator Obama?
SEN. BARACK OBAMA: Well, first of all, I want to thank Hofstra University and the people of New York for hosting us tonight, and its wonderful to join Senator McCain again, and thank you, Bob.
I think everybody understands at this point that we are experiencing the worst financial crisis since the Great Depression. And the financial rescue plan that Senator McCain and I supported is a important first step. And I pushed for some core principles: making sure that taxpayers can get their money back if theyre putting money up, making sure that CEOs are not enriching themselves through this process. And I think that its going to take some time to work itself out.
But what we havent yet seen is a rescue package for the middle class, because the fundamentals of the economy were weak even before this latest crisis. So Ive proposed four specific things that I think can help.
Number one, lets focus on jobs. I want to end the tax breaks for companies that are shipping jobs overseas and provide a tax credit for every company thats creating a job right here in America.
Number two, lets help families right away by providing them a tax cut, a middle-class tax cut for people making less than $200,000, and lets allow them to access their IRA accounts without penalty if theyre experiencing a crisis.
Now, Senator McCain and I agree with your idea that weve got to help homeowners. Thats why we included in the financial package a proposal to get homeowners in a position where they can renegotiate their mortgages. I disagree with Senator McCain on how to do it, because the way Senator McCain has designed his plan, it could be a giveaway to banks if were buying full price for mortgages that now are worth a lot less. And we dont want to waste taxpayer money. And weve got to get the financial package working much quicker than its been working.
Last point I want to make, though, weve got some long-term challenges in this economy that have to be dealt with. Weve got to fix our energy policy thats giving our wealth away. Weve got to fix our healthcare system, and weve got to invest in our education system for every young person to be able to learn.
JUAN GONZALEZ: Cynthia McKinney, Green Party presidential nominee, you have two minutes to give us your view of the financial crisis and why your plan would be better.
CYNTHIA McKINNEY: Thank you very much. First of all, let me thank you for inviting me to be with you, and also Id like to thank Trevor Lyman of thirdpartyticket.com, who has also organized any event, a debate, a third-party debate on October 19th from 7:00 to 9:00, and I will be participating.
Ive put together a fourteen-point plan, which is available on our website runcynthiarun.org. And in those fourteen points is included a elimination of adjustable rate mortgages, predatory lending, and any of the discriminatory practices that helped to fuel the crisis that were experiencing. In addition to that, I also call for the elimination of derivatives trading, which is one of the major problems.
I also call for David Walker towho is the former Comptroller General of the United States, to oversee all of the entities that have received taxpayer funding. He is the one who was in charge of auditing the United States government and basically left in disgust because people in the Congress and in the White House were not listening to his admonitions.
I also call for the nationalization of the Federal Reserve and the establishment of a banking system, a nationalized banking system, that really responds to the needs of people and our country. Our country needs investment in infrastructure, in manufacturing and in greening our economy, and that could be accomplished through such a banking system that belongs to the American people.
And then I would also just like to say I agree that US corporations should not receive tax subsidies for moving jobs overseas, and thats a piece of legislation that I actually introduced when I was in the Congress.
AMY GOODMAN: Ralph Nader, independent presidential candidate, your solution for the economic crisis and why your plan is better than these other candidates?
RALPH NADER: Well, first of all, they hadWashington had Wall Street over a barrel, and they didnt enact legislation in that $700-plus billion bailout to prevent this from happening again. So there should be in the future, very near future, a comprehensive re-regulation of financial services industry. It was deregulation that opened the doors under Clinton for this wild orgy of excess, as Richard Fisher of the Federal Reserve in Dallas called it.
We need to provide more power to the shareholdersmutual funds, worker pension funds and othersto control the companies that they own and control the bosses so that this doesnt happen again.
We need widespread criminal prosecution of these corporate crooks and swindlers. There were lots of deceptive practices, cover-ups and conflicts of interest involved in selling this phony paper around the country and the world.
And we need, if theres going to be taxpayer injection in thesein financial institutions, the taxpayers should not only have ownership, proportional ownership, but should have representatives on the board. Right now, its a very porous and very ineffective provision in the bill.
But above all, we need to make the speculators pay for their own bailout. And that can be done by a one-tenth of one percent tax on derivatives transactions, which this year will be $500 trillion worth. So, one-tenth of one percent will produce $500 billion; two-tenths of one percent will produce a trillion dollars. And that is only fair. So, whats important here is theres nothing spectacularly new about a derivatives tax. The stock tax transaction helped to fund the Civil War. Franklin Delano Roosevelt used it. Some European countries have it now. People in New York and elsewhere go into a store and pay six, seven percent sales tax for necessities of life. But someone today on Wall Street will buy $100 million of Exxon derivatives and pay nothing.
We also need a major public works program to stem the slide into a deeper recession, to rebuild America.
AMY GOODMAN: Youre over time. Were going to break, and when we come back, well move on with this debate between Cynthia McKinney, Ralph Nader, Barack Obama and John McCain. This is Democracy Now! Back in a minute.
[break]
AMY GOODMAN: This is Democracy Now!, democracynow.org, the War and Peace Report. Im Amy Goodman, with Juan Gonzalez and CBSs Bob Schieffer, as we expand the presidential debate with Barack Obama, John McCain, Cynthia McKinney and Ralph Nader. Bob Schieffer?
BOB SCHIEFFER: Alright, were going to move to another question, and the topic is leadership in this campaign. Both of you pledged to take the high road in this campaign, yet it has turned very nasty. Senator Obama, your campaign has used words like erratic, out of touch, lie, angry, losing his bearings, to describe Senator McCain. Senator McCain, your commercials have included words like disrespectful, dangerous, dishonorable, he lied. Your running mate said he palled around with terrorists.
Are each of you tonight willing to sit at this table and say to each others face what your campaigns and the people in your campaigns have said about each other? And, Senator McCain, youre first.
SEN. JOHN McCAIN: Well, this has been a tough campaign. Its been a very tough campaign. And I know from my experience in many campaigns that if Senator Obama had askedresponded to my urgent request to sit down and do town hall meetings and come before the American people, we could have done at least ten of them by now. When Senator Obama was first asked, he said, Any place, any time, the way Barry Goldwater and Jack Kennedy agreed to do before the intervention of the tragedy at Dallas. So I think the tone of this campaign could have been very different.
And the fact is, its gotten pretty tough. And I regret some of the negative aspects of both campaigns. But the fact is that it has taken many turns which I think are unacceptable.
One of them happened just the other day, when a man I admire and respectIve written about himCongressman John Lewis, an American hero, made allegations that Sarah Palin and I were somehow associated with the worst chapter in American history: segregation, deaths of children in church bombings, George Wallace. That, to me, was so hurtful. And, Senator Obama, you didnt repudiate those remarks. Every time theres been an out-of-bounds remark made by a Republican, no matter where they are, I have repudiated them. I hope that Senator Obama will repudiate those remarks that were made by Congressman John Lewis, very unfair and totally inappropriate.
So I want to tell you, we will run a truthful campaign. This is a tough campaign. And its a matter of fact that Senator Obama has spent more money on negative ads than any political campaign in history. And I can prove it.
SEN. BARACK OBAMA: Well, look, you know, I think that we expect presidential campaigns to be tough. I think that if you look at the record and the impressions of the American peopleBob, your network just did a poll showing that two-thirds of the American people think that Senator McCain is running a negative campaign, versus one-third of mine. And 100 percent, John, of your ads100 percent of them have been negative.
SEN. JOHN McCAIN: Its not true.
SEN. BARACK OBAMA: It absolutely is true. And now, I think the American people are less interested in our hurt feelings during the course of the campaign than addressing the issues that matter to them so deeply.
SEN. JOHN McCAIN: But again, I did not hear a repudiation of Congressman Lewiss remarks.
SEN. BARACK OBAMA: I mean, look, if we want to talk about Congressman Lewis, who is an American hero, he, unprompted by my campaign, without my campaigns awareness, made a statement that he was troubled with what he was hearing at some of the rallies that your running mate was holding, in which all the Republic reports indicated were shouting, when my name came up, things like terrorist and kill him, and that youre running mate didnt mention, didnt stop, didnt say, Hold on a second. Thats kind of out of line. And I think Congressman Lewiss point was that we have to be careful about how we deal with our supporters.
JUAN GONZALEZ: Cynthia McKinney, two minutes on your views on the tone of the campaign and some of the exchange between Senator McCain and Senator Obama about John Lewis?
CYNTHIA McKINNEY: Well, I would rather give my impressions of what differentiates the campaigns of independent and third-party candidates, and that is, I believe that we talk about the issues. Former Comptroller General David Walker said that now is a time that this country needs leadership, not lagship. But unfortunately, were getting more lagship than leadership.
For example, the issues that Ive been talking about as Ive gone around this country have been the tremendous impact that the Bush tax cuts have had on income inequality in our country. The sad fact of the matter is that we are experiencing the kind of income inequality not experienced since the Great Depression.
In addition to that, Ive been talking about the need to repeal the PATRIOT Acts, so that we can safeguard our civil liberties, protect the Constitution and the Bill of Rights.
Ive also been talking about the death penalty, because, of course, in the state in which I was born, we have a young man whofor whom a death date has been set, and hes had seven witnesses to recant their testimony in a trial. We need to talk about justice in this country. And Im talking about the case of Troy Davis. We do need to talk about the administration of the death penalty.
Its interesting that, categorically, I support single-payer, and I believe that Ralph Nader does, as well. We make no bones about our support for a single-payer healthcare system in this country. And just last week, 5,000 physicians wrote a letter, and they said that it was the only morally responsible, as well as fiscally responsible solution to the healthcare problems that face our country.
AMY GOODMAN: Ralph Nader
CYNTHIA McKINNEY: So
AMY GOODMAN: Thats two minutes, Cynthia McKinney. Ralph Nader, your response?
RALPH NADER: Well, first of all, the reason why the press covers the lowest common denominator of gaffes or tactics or horse races or what someone said in a crowd is because Obama and McCain do not open up in their discussion day after day significant issues such as Cynthia McKinney just alluded to. You know, they say the same thing day after day after day, and so the press has to have a cheap lede, and they go with these gaffes or these diversions. If McCain and Obama really opened up all the huge variety of redirections and reforms and whats going on in the country and allied themselves with locallocal citizen groups who are fighting for justice, there would be news every day, and the reporters would not be as inclined to headline these gaffes or these so-called smears from different supporters of Obama and McCain. So its a combined responsibility of the candidates who open up this kind of foolishness and silly coverage, because theyre so redundant, theyre so ditto heads on the campaign trail.
And when we campaign all over the country in Nader-Gonzalez, there are all kinds of issues in Florida, in Washington state, in Hawaii, in Colorado, people struggling for clean environment, civic accountability, people going after toxic waste dumps and lack of a living wage. Thats where I would stand. And there needs to be many, many more debates, not these silly parallel interviews by a debate commission that is controlled by the two parties and keeps competition off the stage, in terms of third-party independent candidates. More and more debates will provide more substance, and more and more candidates on those stages who have been qualified on many state ballots
AMY GOODMAN: Ralph Nader, thats your two minutes. Thanks so much. For the first time in the debate last night, Senator McCain raised the issue of Senator Barack Obamas connection to Bill Ayers, the University of Illinois professor, former member of the Weather Underground.
SEN. JOHN McCAIN: Real quick, Mr. AyersI dont care about an old washed-up terrorist. But as Senator Clinton said in her debates with you, we need to know the full extent of that relationship. We need to know the full extent of Senator Obamas relationship with ACORN, who is now on the verge of maybe perpetrating one of the greatest frauds in voter history in this country, maybe destroying the fabric of democracy, the same front outfit organization that your campaign gave $832,000 for, for, quote, lighting and site selection. So, all of these things need to be examined, of course.
BOB SCHIEFFER: Alright, Im going to let you respond
SEN. BARACK OBAMA: Bob, its going to be
BOB SCHIEFFER: and well extend this just for a moment.
SEN. BARACK OBAMA: Its going to be important to justIll respond to these two particular allegations
BOB SCHIEFFER: Yes.
SEN. BARACK OBAMA: that Senator McCain has made and that have gotten a lot of attention. In fact, Mr. Ayers has become the centerpiece of Senator McCains campaign over the last two or three weeks. This has been their primary focus. So lets get the record straight.
Bill Ayers is a professor of education in Chicago. Forty years ago, when I was eight years old, he engaged in despicable acts with a radical domestic group. I have roundly condemned those acts. Ten years ago, he served and I served on a school reform board that was funded by one of Ronald Reagans former ambassadors and close friends, Mr. Annenberg. Other members on that board were the presidents of the University of Illinois, the president of Northwestern University, who happens to be a Republican, the president of the Chicago Tribune, a Republican-leaning newspaper. Mr. Ayers is not involved in my campaign. He has never been involved in this campaign. And he will not advise me in the White House. So thats Mr. Ayers.
Now, with respect to ACORN, ACORN is a community organization. Apparently what theyve done is they were paying people to go out and register folks, and apparently some of the people who were out there didnt really register people, they just filled out a bunch of names. It had nothing to do with us. We were not involved. The only involvement Ive had with ACORN was I represented them alongside the US Justice Department in making Illinois implement a motor voter law that helped people get registered at DMVs.
JUAN GONZALEZ: Ralph Nader, one minute, your response, especially to the issue of ACORN, because this has now become a major issue as to whether theres voter fraud or voter suppression going on in this election.
RALPH NADER: First of all, ACORN has done tremendously good work over the years with low-income people in city after city. When they go into big-time voter registration, things happen. Some people may get enthusiastic. They dont control some of the new people they hire. And this happens. It should not besmirch the overwhelmingly good work on economic justice and voice to low-income people.
Second, on the Bill Ayers thing, who is a lapsed small-time saboteur with the Weather Underground many years ago, what should have been said was the big-time terrorists, George W. Bush, Dick Cheney, these are clinically verifiable mass terrorists who have killed innocent civilians in Iraq and Afghanistan and elsewhere in their criminal wars of aggression. These are criminal wars of aggression. These are war crimes. These are war criminals. They have killed over a million Iraqi civilians as a result of that criminal invasion. Thats where the discussion should have focused on. The big-time terrorists, the state terrorists in the White House who have violated our Constitution, our statutes and our international treaties, and have been condemned even by the American Bar Association for a continual violence of ourviolation of our Constitution.
AMY GOODMAN: Cynthia McKinney?
CYNTHIA McKINNEY: First of all, I think I should say that I believe that the people in this country need a political party and a movement that places our values on the political agenda. Obviously, with that exchange, thats not the case.
Theres something else thats a bit more troubling. Ive also been talking about election integrity as Ive gone across this country. But, you know, I really dont like the idea that the face of election fraud, given the past two presidential elections, is now a face of color and one of poor people.
In 2000, when people went to the polls, when the voters went to the polls, they were met with confusing ballots, manipulation of the voter lists, electronic voting machines that didnt work, inappropriately or ineffectively or poorly trained officials who werent familiar with the workings of those machines, and we know what the problems with those machines have been and are. We still have those problems that have been with us since 2000.
In 2004, they added to these problems with the electronic poll books, the sleepovers that were discovered, where the machines werent even secured, even intensifying the failures of the machines with the vote flipping, and usually in only one direction. The battery freezes in the midst of voters actually trying to cast their votes.
And now weve got voter ID laws across the country, and weve got voter caging, which is a fancy way of purging people from the voter files.
So, now, what kind of election is it when neither of the political parties is addressing the issue, the fundamental issue, of whether or not our votes are even going to be counted?
AMY GOODMAN: Were going to move on right now to the issue of free trade. John McCain.
SEN. JOHN McCAIN: Let me give you another example of a free trade agreement that Senator Obama opposes. Right now, because of previous agreements, some made by President Clinton, the goods and products that we send to Colombia, which is our largest agricultural importer of our products, theres a hundredtheres a billion dollars that weour businesses have paid so far in order to get our goods in there. Because of previous agreements, their goods and products come into our country for free.
So, Senator Obama, who has never traveled south of our border, opposes the Colombia Free Trade Agreement, the same country thats helping us try to stop the flow of drugs into our country thats killing young Americans and also the country that just freed three Americans, that will help us create jobs in America, because they will be a market for our goods and products without have to payingwithout us having to pay the billions of dollarsthe billion dollars and more that weve already paid.
Free trade with Colombia is something thats a no-brainer. But maybe you ought to travel down there and visit them, and maybe you could understand it a lot better.
SEN. BARACK OBAMA: Let me respond. Actually, I understand it pretty well. The history in Colombia right now is that labor leaders have been targeted for assassination on a fairly consistent basis, and there have not been prosecutions. And what I have said, because the free tradethe trade agreement itself does have labor and environmental protections, but we have to stand for human rights, and we have to make sure that violence isnt being perpetrated against workers who are just trying to organize for their rights, which is why, for example, I supported the Peruvian Free Trade Agreement, which was a well-structured agreement.
But I think that the important point is weve got to have a president who understands the benefits of free trade but also is going to enforce unfair trade agreements and is going to stand up to other countries.
JUAN GONZALEZ: Ralph Nader, two minutes, your response on free trade?
RALPH NADER: Theres no such thing as free trade with dictators and oligarchs in these countries, because the market doesnt determine the costs. Theres no free collective bargaining for workers. Thats a crime, de facto, in many countries, to try to form an independent trade union. Theres no rule of law, bribery. These companies can go there and pollute at will. Theres no judicial independence to make these companies accountable, and they abuse workers and consumers and communities, as the oil companies and the timber companies have on many occasions.
Second, theseNAFTA and WTO have to be scrapped. Under those treaties, we can withdraw in six months and give notice of withdrawal and renegotiate these agreements for the following purpose: no more trade agreements that subordinate consumer, union, worker and environmental rights. These are pull-down trade agreements that are allowing fascist and corporate dictators to pull down our standards of living, because they know how to keep their workers in their place at fifty cents an hour. So, any new trade agreements should stick to trade. Any other treaty should be labor, environment and consumer on a level playing field. These trade agreements also have to be open, democratic. They cannot undermine our courts, our regulatory agencies and our legislature.
Thats what weve got to do. And our website, votenader.org, has ample information on this process.
AMY GOODMAN: In order to get to the next subject, were going to go right now to Cynthia McKinney on this, then we go to break and one more topic. Cynthia McKinney?
Senators Barack Obama and John McCain met last night for the final debate before the November 4th presidential election, sparring over the economy, tax policy, negative campaigning, trade agreements, abortion and the educational system. As with the other debates, third-party candidates were not invited to participate. We break the sound barrier and hear from Green Party presidential nominee Cynthia McKinney and independent presidential candidate Ralph Nader. (includes rush transcript)
Guests:
Cynthia McKinney, Green Party presidential nominee. Former Democratic congresswoman from Georgia.
Ralph Nader, Independent presidential candidate. He is a longtime consumer advocate and corporate critic.
JUAN GONZALEZ: Senators Barack Obama and John McCain met last night for the final debate before the November 4th presidential election. It was held at Hofstra University on Long Island in New York.
Prior to the ninety-minute face-off, police arrested fifteen protesters in a peaceful demonstration outside the university led by Iraq Veterans Against the War. One veteran, Nick Morgan, was hospitalized after being trampled by a police horse. Video shot at the scene showed Morgan lying on the ground by a pool of blood. The arrests took place less than an hour before Barack Obama and John McCain took the stage.
During the debate, the Iraq war was barely mentioned. The war in Afghanistan never came up. Instead, the two candidates sparred over the governments plans to rescue the financial system, tax policy, negative campaigning, trade agreements, abortion and the educational system.
AMY GOODMAN: As with the other debates, third-party candidates were not invited to participate. But today on Democracy Now!, we will break the sound barrier by giving some of those candidates a chance to respond to last nights questions.
Green Party presidential nominee Cynthia McKinney joins us in Atlanta, and independent presidential candidate Ralph Nader joins us on the phone. We invited Libertarian Party presidential nominee Bob Barr and Constitution Party nominee Chuck Baldwin, but they couldnt join us. So, they will answer the same questions put to the major party candidates.
We begin with CBS Newss Bob Schieffer, the moderator of last nights debate.
BOB SCHIEFFER: By now, weve heard all the talking points, so lets try to tell the people tonight some things that theythey havent heard. Lets get to it.
Another very bad day on Wall Street, as both of you know. Both of you proposed new plans this week to address the economic crisis. Senator McCain, you proposed a $52 billion plan that includes new tax cuts on capital gains, tax breaks for seniors, write-offs for stock losses, among other things. Senator Obama, you proposed $60 billion in tax cuts for middle-income and lower-income people, more tax breaks to create jobs, new spending for public works projects to create jobs.
I will ask both of you: Why is your plan better than his? Senator McCain, you go first.
SEN. JOHN McCAIN: Well, letlet me say, Bob, thank you. And thanks to Hofstra. And, by the way, our beloved Nancy Reagan is in the hospital tonight, so our thoughts and prayers are going with you. Its good to see you again, Senator Obama.
Americans are hurting right now, and theyre angry. Theyre hurting, and theyre angry. Theyre innocent victims of greed and excess on Wall Street and as well as Washington, D.C. And theyre angry, and they have every reason to be angry. And they want this country to go in a new direction.
And there are elements of my proposal that you just outlined, which I wont repeat. But we also have to have a short-term fix, in my view, and long-term fixes. Let me just talk to you about one of the short-term fixes.
The catalyst for this housing crisis was the Fannie and Freddie Mae that caused the subprime lending situation that now caused the housing market in America to collapse. I am convinced that, until we reverse this continued decline in home ownership and put a floor under it, and so that people have not only the hope and belief they can stay in their homes and realize the American dream, but that value will come up.
Now, we have allocated $750 billion. Lets take 300 of that billion and go in and buy those home loan mortgages and negotiate with those people in their homes, 11 million homes or more, so that they can afford to pay the mortgage, stay in their home.
Now, I know the criticism of this: Well, what about the citizen that stayed in their homes, that paid their mortgage payments? It doesnt help that person in their home if the next-door neighbors house is abandoned. And so, weve got to reverse this. We ought to put the homeowners first. And I am disappointed that Secretary Paulson and others have not made that their first priority.
BOB SCHIEFFER: Alright. Senator Obama?
SEN. BARACK OBAMA: Well, first of all, I want to thank Hofstra University and the people of New York for hosting us tonight, and its wonderful to join Senator McCain again, and thank you, Bob.
I think everybody understands at this point that we are experiencing the worst financial crisis since the Great Depression. And the financial rescue plan that Senator McCain and I supported is a important first step. And I pushed for some core principles: making sure that taxpayers can get their money back if theyre putting money up, making sure that CEOs are not enriching themselves through this process. And I think that its going to take some time to work itself out.
But what we havent yet seen is a rescue package for the middle class, because the fundamentals of the economy were weak even before this latest crisis. So Ive proposed four specific things that I think can help.
Number one, lets focus on jobs. I want to end the tax breaks for companies that are shipping jobs overseas and provide a tax credit for every company thats creating a job right here in America.
Number two, lets help families right away by providing them a tax cut, a middle-class tax cut for people making less than $200,000, and lets allow them to access their IRA accounts without penalty if theyre experiencing a crisis.
Now, Senator McCain and I agree with your idea that weve got to help homeowners. Thats why we included in the financial package a proposal to get homeowners in a position where they can renegotiate their mortgages. I disagree with Senator McCain on how to do it, because the way Senator McCain has designed his plan, it could be a giveaway to banks if were buying full price for mortgages that now are worth a lot less. And we dont want to waste taxpayer money. And weve got to get the financial package working much quicker than its been working.
Last point I want to make, though, weve got some long-term challenges in this economy that have to be dealt with. Weve got to fix our energy policy thats giving our wealth away. Weve got to fix our healthcare system, and weve got to invest in our education system for every young person to be able to learn.
JUAN GONZALEZ: Cynthia McKinney, Green Party presidential nominee, you have two minutes to give us your view of the financial crisis and why your plan would be better.
CYNTHIA McKINNEY: Thank you very much. First of all, let me thank you for inviting me to be with you, and also Id like to thank Trevor Lyman of thirdpartyticket.com, who has also organized any event, a debate, a third-party debate on October 19th from 7:00 to 9:00, and I will be participating.
Ive put together a fourteen-point plan, which is available on our website runcynthiarun.org. And in those fourteen points is included a elimination of adjustable rate mortgages, predatory lending, and any of the discriminatory practices that helped to fuel the crisis that were experiencing. In addition to that, I also call for the elimination of derivatives trading, which is one of the major problems.
I also call for David Walker towho is the former Comptroller General of the United States, to oversee all of the entities that have received taxpayer funding. He is the one who was in charge of auditing the United States government and basically left in disgust because people in the Congress and in the White House were not listening to his admonitions.
I also call for the nationalization of the Federal Reserve and the establishment of a banking system, a nationalized banking system, that really responds to the needs of people and our country. Our country needs investment in infrastructure, in manufacturing and in greening our economy, and that could be accomplished through such a banking system that belongs to the American people.
And then I would also just like to say I agree that US corporations should not receive tax subsidies for moving jobs overseas, and thats a piece of legislation that I actually introduced when I was in the Congress.
AMY GOODMAN: Ralph Nader, independent presidential candidate, your solution for the economic crisis and why your plan is better than these other candidates?
RALPH NADER: Well, first of all, they hadWashington had Wall Street over a barrel, and they didnt enact legislation in that $700-plus billion bailout to prevent this from happening again. So there should be in the future, very near future, a comprehensive re-regulation of financial services industry. It was deregulation that opened the doors under Clinton for this wild orgy of excess, as Richard Fisher of the Federal Reserve in Dallas called it.
We need to provide more power to the shareholdersmutual funds, worker pension funds and othersto control the companies that they own and control the bosses so that this doesnt happen again.
We need widespread criminal prosecution of these corporate crooks and swindlers. There were lots of deceptive practices, cover-ups and conflicts of interest involved in selling this phony paper around the country and the world.
And we need, if theres going to be taxpayer injection in thesein financial institutions, the taxpayers should not only have ownership, proportional ownership, but should have representatives on the board. Right now, its a very porous and very ineffective provision in the bill.
But above all, we need to make the speculators pay for their own bailout. And that can be done by a one-tenth of one percent tax on derivatives transactions, which this year will be $500 trillion worth. So, one-tenth of one percent will produce $500 billion; two-tenths of one percent will produce a trillion dollars. And that is only fair. So, whats important here is theres nothing spectacularly new about a derivatives tax. The stock tax transaction helped to fund the Civil War. Franklin Delano Roosevelt used it. Some European countries have it now. People in New York and elsewhere go into a store and pay six, seven percent sales tax for necessities of life. But someone today on Wall Street will buy $100 million of Exxon derivatives and pay nothing.
We also need a major public works program to stem the slide into a deeper recession, to rebuild America.
AMY GOODMAN: Youre over time. Were going to break, and when we come back, well move on with this debate between Cynthia McKinney, Ralph Nader, Barack Obama and John McCain. This is Democracy Now! Back in a minute.
[break]
AMY GOODMAN: This is Democracy Now!, democracynow.org, the War and Peace Report. Im Amy Goodman, with Juan Gonzalez and CBSs Bob Schieffer, as we expand the presidential debate with Barack Obama, John McCain, Cynthia McKinney and Ralph Nader. Bob Schieffer?
BOB SCHIEFFER: Alright, were going to move to another question, and the topic is leadership in this campaign. Both of you pledged to take the high road in this campaign, yet it has turned very nasty. Senator Obama, your campaign has used words like erratic, out of touch, lie, angry, losing his bearings, to describe Senator McCain. Senator McCain, your commercials have included words like disrespectful, dangerous, dishonorable, he lied. Your running mate said he palled around with terrorists.
Are each of you tonight willing to sit at this table and say to each others face what your campaigns and the people in your campaigns have said about each other? And, Senator McCain, youre first.
SEN. JOHN McCAIN: Well, this has been a tough campaign. Its been a very tough campaign. And I know from my experience in many campaigns that if Senator Obama had askedresponded to my urgent request to sit down and do town hall meetings and come before the American people, we could have done at least ten of them by now. When Senator Obama was first asked, he said, Any place, any time, the way Barry Goldwater and Jack Kennedy agreed to do before the intervention of the tragedy at Dallas. So I think the tone of this campaign could have been very different.
And the fact is, its gotten pretty tough. And I regret some of the negative aspects of both campaigns. But the fact is that it has taken many turns which I think are unacceptable.
One of them happened just the other day, when a man I admire and respectIve written about himCongressman John Lewis, an American hero, made allegations that Sarah Palin and I were somehow associated with the worst chapter in American history: segregation, deaths of children in church bombings, George Wallace. That, to me, was so hurtful. And, Senator Obama, you didnt repudiate those remarks. Every time theres been an out-of-bounds remark made by a Republican, no matter where they are, I have repudiated them. I hope that Senator Obama will repudiate those remarks that were made by Congressman John Lewis, very unfair and totally inappropriate.
So I want to tell you, we will run a truthful campaign. This is a tough campaign. And its a matter of fact that Senator Obama has spent more money on negative ads than any political campaign in history. And I can prove it.
SEN. BARACK OBAMA: Well, look, you know, I think that we expect presidential campaigns to be tough. I think that if you look at the record and the impressions of the American peopleBob, your network just did a poll showing that two-thirds of the American people think that Senator McCain is running a negative campaign, versus one-third of mine. And 100 percent, John, of your ads100 percent of them have been negative.
SEN. JOHN McCAIN: Its not true.
SEN. BARACK OBAMA: It absolutely is true. And now, I think the American people are less interested in our hurt feelings during the course of the campaign than addressing the issues that matter to them so deeply.
SEN. JOHN McCAIN: But again, I did not hear a repudiation of Congressman Lewiss remarks.
SEN. BARACK OBAMA: I mean, look, if we want to talk about Congressman Lewis, who is an American hero, he, unprompted by my campaign, without my campaigns awareness, made a statement that he was troubled with what he was hearing at some of the rallies that your running mate was holding, in which all the Republic reports indicated were shouting, when my name came up, things like terrorist and kill him, and that youre running mate didnt mention, didnt stop, didnt say, Hold on a second. Thats kind of out of line. And I think Congressman Lewiss point was that we have to be careful about how we deal with our supporters.
JUAN GONZALEZ: Cynthia McKinney, two minutes on your views on the tone of the campaign and some of the exchange between Senator McCain and Senator Obama about John Lewis?
CYNTHIA McKINNEY: Well, I would rather give my impressions of what differentiates the campaigns of independent and third-party candidates, and that is, I believe that we talk about the issues. Former Comptroller General David Walker said that now is a time that this country needs leadership, not lagship. But unfortunately, were getting more lagship than leadership.
For example, the issues that Ive been talking about as Ive gone around this country have been the tremendous impact that the Bush tax cuts have had on income inequality in our country. The sad fact of the matter is that we are experiencing the kind of income inequality not experienced since the Great Depression.
In addition to that, Ive been talking about the need to repeal the PATRIOT Acts, so that we can safeguard our civil liberties, protect the Constitution and the Bill of Rights.
Ive also been talking about the death penalty, because, of course, in the state in which I was born, we have a young man whofor whom a death date has been set, and hes had seven witnesses to recant their testimony in a trial. We need to talk about justice in this country. And Im talking about the case of Troy Davis. We do need to talk about the administration of the death penalty.
Its interesting that, categorically, I support single-payer, and I believe that Ralph Nader does, as well. We make no bones about our support for a single-payer healthcare system in this country. And just last week, 5,000 physicians wrote a letter, and they said that it was the only morally responsible, as well as fiscally responsible solution to the healthcare problems that face our country.
AMY GOODMAN: Ralph Nader
CYNTHIA McKINNEY: So
AMY GOODMAN: Thats two minutes, Cynthia McKinney. Ralph Nader, your response?
RALPH NADER: Well, first of all, the reason why the press covers the lowest common denominator of gaffes or tactics or horse races or what someone said in a crowd is because Obama and McCain do not open up in their discussion day after day significant issues such as Cynthia McKinney just alluded to. You know, they say the same thing day after day after day, and so the press has to have a cheap lede, and they go with these gaffes or these diversions. If McCain and Obama really opened up all the huge variety of redirections and reforms and whats going on in the country and allied themselves with locallocal citizen groups who are fighting for justice, there would be news every day, and the reporters would not be as inclined to headline these gaffes or these so-called smears from different supporters of Obama and McCain. So its a combined responsibility of the candidates who open up this kind of foolishness and silly coverage, because theyre so redundant, theyre so ditto heads on the campaign trail.
And when we campaign all over the country in Nader-Gonzalez, there are all kinds of issues in Florida, in Washington state, in Hawaii, in Colorado, people struggling for clean environment, civic accountability, people going after toxic waste dumps and lack of a living wage. Thats where I would stand. And there needs to be many, many more debates, not these silly parallel interviews by a debate commission that is controlled by the two parties and keeps competition off the stage, in terms of third-party independent candidates. More and more debates will provide more substance, and more and more candidates on those stages who have been qualified on many state ballots
AMY GOODMAN: Ralph Nader, thats your two minutes. Thanks so much. For the first time in the debate last night, Senator McCain raised the issue of Senator Barack Obamas connection to Bill Ayers, the University of Illinois professor, former member of the Weather Underground.
SEN. JOHN McCAIN: Real quick, Mr. AyersI dont care about an old washed-up terrorist. But as Senator Clinton said in her debates with you, we need to know the full extent of that relationship. We need to know the full extent of Senator Obamas relationship with ACORN, who is now on the verge of maybe perpetrating one of the greatest frauds in voter history in this country, maybe destroying the fabric of democracy, the same front outfit organization that your campaign gave $832,000 for, for, quote, lighting and site selection. So, all of these things need to be examined, of course.
BOB SCHIEFFER: Alright, Im going to let you respond
SEN. BARACK OBAMA: Bob, its going to be
BOB SCHIEFFER: and well extend this just for a moment.
SEN. BARACK OBAMA: Its going to be important to justIll respond to these two particular allegations
BOB SCHIEFFER: Yes.
SEN. BARACK OBAMA: that Senator McCain has made and that have gotten a lot of attention. In fact, Mr. Ayers has become the centerpiece of Senator McCains campaign over the last two or three weeks. This has been their primary focus. So lets get the record straight.
Bill Ayers is a professor of education in Chicago. Forty years ago, when I was eight years old, he engaged in despicable acts with a radical domestic group. I have roundly condemned those acts. Ten years ago, he served and I served on a school reform board that was funded by one of Ronald Reagans former ambassadors and close friends, Mr. Annenberg. Other members on that board were the presidents of the University of Illinois, the president of Northwestern University, who happens to be a Republican, the president of the Chicago Tribune, a Republican-leaning newspaper. Mr. Ayers is not involved in my campaign. He has never been involved in this campaign. And he will not advise me in the White House. So thats Mr. Ayers.
Now, with respect to ACORN, ACORN is a community organization. Apparently what theyve done is they were paying people to go out and register folks, and apparently some of the people who were out there didnt really register people, they just filled out a bunch of names. It had nothing to do with us. We were not involved. The only involvement Ive had with ACORN was I represented them alongside the US Justice Department in making Illinois implement a motor voter law that helped people get registered at DMVs.
JUAN GONZALEZ: Ralph Nader, one minute, your response, especially to the issue of ACORN, because this has now become a major issue as to whether theres voter fraud or voter suppression going on in this election.
RALPH NADER: First of all, ACORN has done tremendously good work over the years with low-income people in city after city. When they go into big-time voter registration, things happen. Some people may get enthusiastic. They dont control some of the new people they hire. And this happens. It should not besmirch the overwhelmingly good work on economic justice and voice to low-income people.
Second, on the Bill Ayers thing, who is a lapsed small-time saboteur with the Weather Underground many years ago, what should have been said was the big-time terrorists, George W. Bush, Dick Cheney, these are clinically verifiable mass terrorists who have killed innocent civilians in Iraq and Afghanistan and elsewhere in their criminal wars of aggression. These are criminal wars of aggression. These are war crimes. These are war criminals. They have killed over a million Iraqi civilians as a result of that criminal invasion. Thats where the discussion should have focused on. The big-time terrorists, the state terrorists in the White House who have violated our Constitution, our statutes and our international treaties, and have been condemned even by the American Bar Association for a continual violence of ourviolation of our Constitution.
AMY GOODMAN: Cynthia McKinney?
CYNTHIA McKINNEY: First of all, I think I should say that I believe that the people in this country need a political party and a movement that places our values on the political agenda. Obviously, with that exchange, thats not the case.
Theres something else thats a bit more troubling. Ive also been talking about election integrity as Ive gone across this country. But, you know, I really dont like the idea that the face of election fraud, given the past two presidential elections, is now a face of color and one of poor people.
In 2000, when people went to the polls, when the voters went to the polls, they were met with confusing ballots, manipulation of the voter lists, electronic voting machines that didnt work, inappropriately or ineffectively or poorly trained officials who werent familiar with the workings of those machines, and we know what the problems with those machines have been and are. We still have those problems that have been with us since 2000.
In 2004, they added to these problems with the electronic poll books, the sleepovers that were discovered, where the machines werent even secured, even intensifying the failures of the machines with the vote flipping, and usually in only one direction. The battery freezes in the midst of voters actually trying to cast their votes.
And now weve got voter ID laws across the country, and weve got voter caging, which is a fancy way of purging people from the voter files.
So, now, what kind of election is it when neither of the political parties is addressing the issue, the fundamental issue, of whether or not our votes are even going to be counted?
AMY GOODMAN: Were going to move on right now to the issue of free trade. John McCain.
SEN. JOHN McCAIN: Let me give you another example of a free trade agreement that Senator Obama opposes. Right now, because of previous agreements, some made by President Clinton, the goods and products that we send to Colombia, which is our largest agricultural importer of our products, theres a hundredtheres a billion dollars that weour businesses have paid so far in order to get our goods in there. Because of previous agreements, their goods and products come into our country for free.
So, Senator Obama, who has never traveled south of our border, opposes the Colombia Free Trade Agreement, the same country thats helping us try to stop the flow of drugs into our country thats killing young Americans and also the country that just freed three Americans, that will help us create jobs in America, because they will be a market for our goods and products without have to payingwithout us having to pay the billions of dollarsthe billion dollars and more that weve already paid.
Free trade with Colombia is something thats a no-brainer. But maybe you ought to travel down there and visit them, and maybe you could understand it a lot better.
SEN. BARACK OBAMA: Let me respond. Actually, I understand it pretty well. The history in Colombia right now is that labor leaders have been targeted for assassination on a fairly consistent basis, and there have not been prosecutions. And what I have said, because the free tradethe trade agreement itself does have labor and environmental protections, but we have to stand for human rights, and we have to make sure that violence isnt being perpetrated against workers who are just trying to organize for their rights, which is why, for example, I supported the Peruvian Free Trade Agreement, which was a well-structured agreement.
But I think that the important point is weve got to have a president who understands the benefits of free trade but also is going to enforce unfair trade agreements and is going to stand up to other countries.
JUAN GONZALEZ: Ralph Nader, two minutes, your response on free trade?
RALPH NADER: Theres no such thing as free trade with dictators and oligarchs in these countries, because the market doesnt determine the costs. Theres no free collective bargaining for workers. Thats a crime, de facto, in many countries, to try to form an independent trade union. Theres no rule of law, bribery. These companies can go there and pollute at will. Theres no judicial independence to make these companies accountable, and they abuse workers and consumers and communities, as the oil companies and the timber companies have on many occasions.
Second, theseNAFTA and WTO have to be scrapped. Under those treaties, we can withdraw in six months and give notice of withdrawal and renegotiate these agreements for the following purpose: no more trade agreements that subordinate consumer, union, worker and environmental rights. These are pull-down trade agreements that are allowing fascist and corporate dictators to pull down our standards of living, because they know how to keep their workers in their place at fifty cents an hour. So, any new trade agreements should stick to trade. Any other treaty should be labor, environment and consumer on a level playing field. These trade agreements also have to be open, democratic. They cannot undermine our courts, our regulatory agencies and our legislature.
Thats what weve got to do. And our website, votenader.org, has ample information on this process.
AMY GOODMAN: In order to get to the next subject, were going to go right now to Cynthia McKinney on this, then we go to break and one more topic. Cynthia McKinney?