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Selling out America
Well, [Biden's] going to be, probably, an effective attack dog against the Republicans. But what we call him is “Senator Plastic,” because he is the champion of the credit card industry. MBNA is in Delaware. It’s a huge credit card company. It’s given more than $200,000 to Joe Biden over his career. And he championed, almost shamelessly, the anti-consumer bankruptcy law that his fellow colleague, Senator Chris Dodd, who’s the chair of the Senate Banking Committee, called, quote, “the worst bill ever,” end-quote.
And what it did, unlike corporate bankruptcy, it really squeezed people who had to go into bankruptcy because of medical bills or because they lost their job, as Professor Elizabeth Warren at Harvard Law School pointed out. Those are the two main reasons for bankruptcy. It squeezed them horribly. And this paved the way for predatory lenders to shift the burden on these hapless borrowers in the subprime home mortgage crisis, as they call it. He’s got a lot to answer for. He tries to say he moderated the bill, and it couldn’t have been worse.
But he’s very corporate. He comes from Delaware, which is in—has always been in a race to the bottom to weaken corporate charter laws, which is why so many of the giant corporations are strangely chartered in Delaware over the years, like the big New York banks or General Motors. We want to use that to raise the whole issue of what Teddy Roosevelt and William Howard Taft were proposing a hundred years ago, which is federal chartering of giant corporations. Take it away from the states like Delaware, rewrite the compact between the people and these artificial entities, and hopefully take away some of the constitutional rights to lobby and to engage in politics of these artificial entities, because they’re not human beings, they don’t vote, and they shouldn’t have these constitutional rights.
I mean, that’s the tragedy of Dennis Kucinich. Now, he’s done by February or March. The primaries are over. He will not at all support the Nader-Gonzalez campaign. I mean, he doesn’t have to endorse us. We can’t even get his mailing list. And I say, “Dennis, we’re the only people who are going to take your proposals to November.”
Imagine the Democrats—in 2004, they were prohibited from criticizing Bush at the Democratic National Convention in Boston, and now, in 2008, they don’t want to raise the issue of criminal recidivism in the White House, the most impeachable presidency and vice presidency in our history—torture, incarcerating people without charges, the criminal war of aggression in Iraq, spying on millions of Americans without judicial approval. That’s a five-year jail term. That’s a first-class felony. So the Democrats are really abandoning the rule of law, abandoning the Constitution and its impeachment provisions. And they ought to be taken into account. But, you know, Dennis got virtually—he got nothing in the platform. They won’t give him a comma in the Democratic national platform.
Kucinich addresses progressives outside the DNC about OUR Constitution - we insist that it must be reclaimed
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