SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 54.72-0.8%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: md1derful who wrote (1859)6/21/1998 9:00:00 AM
From: Rarebird  Read Replies (1) of 6439
 
Why Slick wants to give the Tobacco Industry liability protection?:

TIME DAILY: June 20, 1998:

" How the White House Got Smoked: Without the McCain tobacco bill, a lot of Clinton's budget plans are up in flames."

Washigton:

" The crib death of John McCain's 568 billion anti-tobacco legislation has left the White House facing both financial and political poverty for the rest of the year, says Time White House correspondent Jay Branegan. Not only was Clinton banking heavily on the revenues from the Senate antitobacco legislation as a way to fund some programs that are very important to him, Branegan says, but he's out of political capital as well.
The bill was a White House dream: It struck a blow for teen smoking , made nice with the soccer moms, and also paid for about 10 billion of extra goodies in Clinton's 1998 budget. It was a win-win that turned, with a bang of Trent Lott's gavel, into a lose-lose. And although Newt Gingrich is suddenly making noises about antitobacco in the House, you can bet that whatever emerges from the Republican leadership will be carefully crafted to give Clinton neither money nor plaudits enough to sustain the appearance of second-term activism that Clinton so desperately wants. All he's got left is the China trip, says Branegan. It doesn't get any more no-win than that."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News