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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: glenn_a who wrote (20624)10/25/2004 7:28:47 AM
From: Northern Marlin   of 110194
 
O/T RE: Watergate

Hi Glenn,

It's been around thirty years since I was watching every moment of live TV coverage available on the Watergate hearings. I was a college student then, near to graduation, and I convinced a history professor to allow the focus of my independent study to be those hearings.

I was watching when Butterfield let the cat out of the bag about Nixon's taping system. The events following Butterfield's gaff did more to damage Nixon and his crew than any leaks to reporters, in my opinion. Of course, that dovetails with my view of government as a bumbling, stumbling colossus.

You say Watergate came out because someone very high up wanted it brought out. I know the "All the President's Men" version plays well and all, but that again is largely to my mind political theatre. Maybe so, but all of my small experience in dealing with government officials cries out that Watergate became a household word because of mistakes that humans typically make: Nixon wanted to record for posterity all his momentous decisions, forgetting that the recording device would record whenever it was turned on. Butterfield made the mistake of assuming that the Watergate panel already knew about the recording system.

Phil
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