Nader Says He's Making Third-Party Run for President

Ralph Nader launched a third-party campaign for president with an announcement Sunday on NBC's "Meet the Press."

Nader said that most Americans are disenchanted with the Democratic and Republican parties, and he believes none of the presidential contenders are addressing ways to stem corporate crime and Pentagon waste and promote labor rights.

Earlier, Sen. Barack Obama, D-Ill. – who holds a slim delegate lead over Sen. Hillary Clinton, D-N.Y. – said a run by Nader should not expect it would hurt the evenutal Democrat nominee's chances of running.

"Anybody has the right to run for president if they file sufficient papers," Obama said. "And I think the job of the Democratic Party is to be so compelling that a few percentage of the vote going to another candidate is not going to make any difference."

Nader ran as a third-party candidate in the 2000 and 2004  presidential elections. He is still loathed by many Democrats who
call him a spoiler and claim his candidacy in 2000 cost the party  the election by siphoning votes away from Al Gore in a razor-thin
contest in Florida.