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Imbush Peach

An interview with Naomi Wolf about the 10 steps from democracy to dictatorship!

Stop The Spying Now

Stop the Spying!

Friday, February 29, 2008


One Order Of Candor And Integrity Please….

I knew my original Nader post would draw fire,(and it has), but if Ralph Nader wants to continue to enjoy any kind of support from me; he is going to have get down on the “High Ego Horse” he has mounted over the years. He cannot speak for the common man if all he wants to do is use them for his own aggrandizement and ego satisfaction. He does not get an automatic pass from scrutiny for past good. There are questions in his financial dealings and attempts to explain them away that demand forthright answers and not privacy dodges! I will not be used because he is the only personal saying much of what I want to hear when it my very well prove to as disingenuous as many of our current mainstream political candidates.

And I don’t care my readers if you call yourself Democrat, Liberal, Progress, Green, Independent of Naderite; the quality I value above all others in any candidate is that of Integrity, and Ralph Nader’s Integrity is in question. That is what today’s post are all about.

I have other issues I am afraid I will have to raise at a later date, and I am hopeful that the answers to them will not be a total loss of respect for the man. I am fearful as I look at my growing research.

His portfolio includes Cadence Design Systems Inc. (a $1.1 billion company that designs software for semiconductors), Iomega Corp. (a $1.5 billion company that makes information storage devices) and Ziff-Davis Inc. (a $702 million media firm focused on technology, once a market leader but now selling off to CNET Networks).

Nader also has a $1.2 million investment in Cisco Systems Inc., which makes products and software to power the Internet. Cisco dominates its market, perhaps even more than Microsoft's domination of the computer operating systems market. And yet Nader and the federal government have singled out Microsoft, depressing the company's stock price and throwing the U.S. stock market into a turbulent year.

"Cisco controls a bit more than half the overall data-networking market but has, for example, 89 percent of the market for high-end routers," reported Salon magazine. "…Cisco's Washington lobbying has been concentrated on objectives like making it harder for disgruntled shareholders to sue their companies – something Nader and his various groups have vociferously opposed. It has also focused on passing legislation to issue more H1-B visas to foreign workers, while Nader has taken a strong stand against the visas."

When some of these facts about Cisco were brought to Nader's attention, he and his associates acted surprised. "Nader's raiders," who take pride in their comprehensive investigations of big business, seem not to have done their homework on Cisco.

But Nader's reaction to Cisco's extensive operations in China was more nonchalant, despite the apparent contradiction between Nader's investment and his opposition to the China trade bill that paved the way for the country's membership in the World Trade Organization. When the bill passed in Congress, Nader associate Joan Claybrook, president of Public Citizen, said lawmakers had "sold out to corporate interests to help them rake in even bigger profits."

Cisco is one of the leading beneficiaries of the China trade bill. The company's operations in China include technology laboratories, manufacturing alliances and joint research and development programs. Cisco CEO John Chambers has bragged that the company's 15 Chinese manufacturing partners will provide $650 million worth of parts to Cisco this year, and sales in China will reach about $500 million.

Nevertheless, Nader defended his investment to CNN's Judy Woodruff: "I don't mind trade with China in non-weapons and non-toxic materials," he said. Nader contrasted Cisco to "multinational U.S. corporations who are taking factories and setting factories over there."

Nader's financial disclosure report gives little detail about where his donations go.

But it suggests that he gives primarily to organizations he founded or controls, or which promote his ideological interests. Nader's philanthropy is hardly selfless. Indeed, it supports his own left-wing activism.

In the report, Nader lists several favorite causes, such as aviation safety. He reports that he gave an undisclosed amount to several Public Interest Research Groups. And he subsequently told the Washington Post that he donated $200,000 for "civic action projects" at his alma maters, Princeton and Harvard.

The report mentions donations in the 1970s to what Nader calls the "Congress Project"; the Washington Post says the Project received $500,000. The group no longer exists under that name. Today, "Congress Watch" is a division of Public Citizen, a group Nader founded in 1971.

In the report, Nader identifies himself as a member of the board of directors of the Appleseed Foundation and the Center for the Study of Responsive Law. The Appleseed Foundation is one of the latest Naderite groups, having been created in 1993. The network of "lawyers for justice" has formed 17 public interest law centers in 15 states with an "average annual budget" of $750,000. It claims to have "helped millions of people and affected billions of dollars," although it doesn't provide legal services to individuals.

The Center for the Study of Responsive Law, founded in 1968, was once described by Forbes magazine as "Nader's headquarters" and is at the center of the complex network of Nader-linked organizations. It promotes greater government interference in the American marketplace.

Although Nader discloses ties to only two groups, his reach is much longer. The New York Post estimated in 1996 that Nader controlled, to varying degrees, 29 organizations with combined annual revenues of $80 million. A 1982 book by Dan Burt, Abuse of Trust: A Report on Ralph Nader's Network, uncovered a network of 50 small corporations and organizations linked to Nader. Burt concluded, "Mr. Nader and his groups cannot have it both ways. On the one hand, they agitate for more and more corporate and governmental disclosure to the public. On the other, they do not feel a duty themselves to make such public disclosures."

Despite the unanswered questions, it may well be that Nader has been helping to fund all of these groups to the tune of "millions of dollars." But if we are going to believe Nader's claim that he has been a generous philanthropist over the last several decades, we have to take the word of a man who was secretly investing in the capitalist system and making millions of dollars while publicly attacking it.

http://www.realchange.org/nader.htm#hypocrite

If LaDuke is looking for Occidental stockholders to criticize, she might want to look a little closer to home. In the financial disclosure form Nader filed on June 14, the Green Party presidential candidate revealed that he owns between $100,000 and $250,000 worth of shares in the Fidelity Magellan Fund. The fund controls 4,321,400 shares of Occidental Petroleum stock.

The Rainforest Action Network -- whose members no doubt include myriad Nader Raiders -- has slammed Fidelity for "investing in genocide," and called for the fund to divest its Occidental holdings.

But even if Fidelity were to divest its holdings in Occidental, it holds shares in so many companies Nader has crusaded against, it's hard to escape the conclusion that Nader's participation in the fund is supremely hypocritical. The fund, for example, owns stock in the Halliburton Company, where George W. Bush's running mate, Dick Cheney, recently worked as president and COO. The fund has investments in supremely un-p.c. clothiers the Gap and the Limited, both of which have been the target of rocks by World Trade Organization protesters, as well as Wal-Mart, the slayer of mom-and-pop stores from coast to coast.

http://archive.salon.com/politics/feature/2000/07/13/laduke

But winning's not the point here. For a national candidate, LaDuke seems strangely ambivalent about the results. She’s not having any of that "spoiler" stuff, the accusation hurled by many Democrats - and most prominently, the New York Times editorial page -- that all she and Nader can do is ruin Al Gore, a man whom she finds inadequate, though preferable to George W. Bush. But Gore hasn't earned those votes, she'll say, and if he loses, that's too bad. Besides, to many Americans, it doesn't matter who is in Washington, anyway.

Ralph Nader and Cisco Systems

Cisco Systems Watered Stock Scheme Captures Ralph Nader, Watered Stock Defined .... to extend an offer to provide investment advisory services to Mr. Nader ...

On page 15 of Schedule A, Nader was forced to disclose his shares of Cisco Systems, valued at the time at $1,158,750; Fibercore Inc., between $15,000 and $50,000; Iomega Inc., $15,000-$50,000; 3 Com Corp., $50,000-$100,000; and Ziff-Davis Inc., $50,000-$100,000, among other corporate holdings.

Those were just his direct investments.

Nader held an additional $2 million-plus in Fidelity and other mutual funds.

You'd think that someone who so loosely throws around epithets like "corporate criminals" and "corporate crooks" would never trust corporate brass with so much of his own money.

http://herndon1.sdrdc.com/cgi-bin/fecimg/?C00397216

Nader Financial Disclosure 2003 President
An annual disclosure report detailing earned and investment income, assets, financial transactions, liabilities, outside reimbursements, gifts and honoraria, positions held outside government, and agreements, arrangements and contracts.

Nader Financial Disclosure 2000 President
An annual disclosure report detailing earned and investment income, assets, financial transactions, liabilities, outside reimbursements, gifts and honoraria, positions held outside government, and agreements, arrangements and contracts.

http://www.publicintegrity.org/bop2004/candidate.aspx?cid=13&act=details#asset

Fidelity Spartan Money Market Fund

2004

$15,001

$50,000

National School Boards Assn. San Fransisco, CA

2004

$20,000

$20,000

Defined Benefit Pension Plan -- American Fedof Television and Recording Artists

2004

$16,218

$16,218

Window & Door Mfg Assn. Napa California

2004

$15,750

$15,750

Retention Trust -- note Teminated on 7/03 WashDC

2004

$5,001

$15,000

Amalgamated Bank of NY Sav. & check axxts WaDC

2004

$5,001

$15,000

Seven Stories Press New York, New York

2004

$14,642

$14,642

American Academy of Achievement Wash. DC

2004

$13,500

$13,500

Assn of College Unions INTL, Chicago Ill

2004

$12,425

$12,425

RX Insight Inc. Boston, MA

2004

$12,000

$12,000

North Mich. Univ. Marquette College Fulton, MO

2004

$12,000

$12,000

St Louis Public Lib. St Louis, Missouri

2004

$12,000

$12,000

Franklin Marchall Coollege Lancaster PA

2004

$12,000

$12,000

Indiana Univ. of Penn Indiana, PA

2004

$12,000

$12,000

Nova Scotia Barristers Society, Halifax, NS

2004

$12,000

$12,000

Univ. of Texas Permain Basin, Odessa Texas

2004

$12,000

$12,000

Univ of South Carolina, Columbia, SC

2004

$11,621

$11,621

Foundation of Excellence in Schools, Lake George, NY

2004

$11,250

$11,250

Texas A & M Kingsville, Texas

2004

$11,050

$11,050

Earlham College Richmond Indiana

2004

$10,626

$10,626

Miami University Oxford, Ohio

2004

$10,625

$10,625

Queens Univ of Charlotte Chalotte, NC

2004

$10,625

$10,625

Northwestern State Univ. Natchitoches, LA

2004

$10,200

$10,200

Westminster College Fulton, MO

2004

$10,200

$10,200

Univ. of Ottawa Ottawa, Canada

2004

$9,500

$9,500

University of Rochester Rochester, New York

2004

$9,350

$9,350

University of Minnesota Rochester, Minnesota

2004

$9,000

$9,000

Univ of Notre Dame Notre Dame IN

2004

$9,000

$9,000

California Nurses Assn. Oakland, California

2004

$9,000

$9,000

Omega Institute Rhinebeck, NY

2004

$9,000

$9,000

Ameican Library Assn, Canada

2004

$9,000

$9,000

University of Deleware Newark, DE

2004

$8,685

$8,685

Canisius College Buffalo, New York

2004

$8,500

$8,500

Bismark State College Bismark, ND

2004

$8,500

$8,500

Hamilton College Clinton, New York

2004

$8,500

$8,500

Washington St. Univ. Pullman, Washington

2004

$8,075

$8,075

Boise State University Boise, ID

2004

$7,863

$7,863

Jamestown College Jamestown, Maryland

2004

$7,650

$7,650

Idaho State Unive. Pacatello, ID

2004

$7,650

$7,650

Texas Library Assn. San Antonio, Texas

2004

$7,520

$7,520

Clemson University Clemson SC

2004

$7,200

$7,200

Hollins University Roanoke, Virginia

2004

$6,800

$6,800

Corporate Knights Ins. Toronto, Canada

2004

$6,750

$6,750

Mental Health Assn. of Lucas County, Toledo OH

2004

$6,400

$6,400

Denison University Granville, Ohio

2004

$6,375

$6,375

Univ . Mass-Dartmouth, N Dartmouth MA

2004

$6,375

$6,375

American University Law School, Wash. DC

2004

$6,000

$6,000

CUNY Graduate School/ Univ. Center NY, NY

2004

$5,400

$5,400

Streamline Publicshing Inc. NY, NY

2004

$4,500

$4,500

Univ. of Central Florida Orlando, Florida

2004

$3,816

$3,816

Riggs Bank checking acct Washington, DC

2004

$1,001

$2,500

Federated Money Market

2004

$1,001

$2,500

American Medical Student Assn. Phil, PA

2004

$1,800

$1,800

Alan Freed Ass. Washington, DC

2004

$1,750

$1,750

RX Insight Inc. Boston, MA

2004

$1,500

$1,500

Georgia Environmental Org. Inc. Atlanta, GA

2004

$1,350

$1,350

Weekly Newspaper Column

2004

$1,189

$1,189

Fidelity OTC Fund

2004

$201

$1,000

Fidelity Magellan Fund

2004

$201

$1,000

NASDAQ 100 Trust SRI

2004

$201

$1,000

Amercan Humanist Assn. Washington, DC

2004

$1,000

$1,000

Amer Council of Consumer Interests Wash, DC

2004

$1,000

$1,000

Turner Broadcasting Sys. Atlanta, Georgia

2004

$1,000

$1,000

Milton Eisenhower Fdn Washington, DC

2004

$1,000

$1,000

South Shore Bank CD Chicado Illinois

2004

$201

$1,000

E. P. Entertainment Inc. Burbank, California

2004

$902

$902

Tribune- LA Times Los Angeles, CA

2004

$500

$500

M&T Bank -- savings acct. Washington, DC

2004

$0

$201

Black Rock of NA Govt. Income Fund

2004

$0

$201

CNET/Common

2004

$0

$201

Cadence Design/Common

2004

$0

$201

Ciena/common

2004

$0

$201

Cisco/Common

2004

$0

$201

OpenTV Corp./Common

2004

$0

$201

Alliance Money Market

2004

$0

$201

Oracle/Common

2004

$0

$201

Washington Post Washington, DC

2004

$200

$200

The Nation Magazine New York NY

2004

$150

$150

The New Press New York, New York

2004

$100

$100

American Library Assn. Chicago Ill

2004

$100

$100

2004



Asset Name

Year Filed

Min

Max

NASDAQ 100 Trust SRI

2004

$1,746,500

$1,746,500

Fidelity Spartan Money Market Fund

2004

$1,444,824

$1,444,824

Cisco/Common

2004

$250,001

$500,000

Federated Money Market

2004

$275,663

$275,663

Amalgamated Bank of NY Sav. & check axxts WaDC

2004

$100,001

$250,000

Riggs Bank checking acct Washington, DC

2004

$100,001

$250,000

Fidelity Magellan Fund

2004

$50,001

$100,000

Cadence Design/Common

2004

$50,001

$100,000

South Shore Bank CD Chicado Illinois

2004

$15,001

$50,000

Fidelity OTC Fund

2004

$15,001

$50,000

Alliance Money Market

2004

$15,001

$50,000

Oracle/Common

2004

$15,001

$50,000

M&T Bank -- savings acct. Washington, DC

2004

$1,000

$15,000

CNET/Common

2004

$1,000

$15,000

OpenTV Corp./Common

2004

$1,000

$15,000

Weekly Newspaper Column

2004

$1,189

$1,189

Retention Trust -- note Teminated on 7/03 WashDC

2004

$0

$1,000

Black Rock of NA Govt. Income Fund

2004

$0

$1,000

Ciena/common

2004

$0

$1,000

Defined Benefit Pension Plan -- American Fedof Television and Recording Artists

2004



http://www.publicintegrity.org/bop2004/candidate.aspx?cid=13&act=cp

http://www.publicintegrity.org/bop2004/candidate.aspx?cid=13&act=pfin

Based on previous disclosure forms, his stock portfolio (thru the Fidelity Magellan Fund) includes: Halliburton, Occidental Petroleum, the Limited, the Gap, Wal-Mart, Exxon-Mobil, Shell Oil Company, Sunoco, Texaco, Chevron Corporation, Raytheon (a major missile manufacturer), other various defense contractors, and Bristol-Myers Squibb. <61> <62> <63>

Even though almost ANY Democrat would be better for the country than almost any Republican, Nader only crawls out of the woodwork to attack Democrats. In spite of making money writing books on populist topics, his assets are invested in some of the worst right-wing corporations. Where he puts his money speaks more of the man than what comes out of his mouth.

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