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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: jlallen who wrote (158004)7/5/2001 6:27:45 PM
From: American Spirit  Read Replies (1) | Respond to of 769670
 
You're in total denial. Garnes-St Germaine was Reagan bill.
Read your history. He signed it his second year in office. The only reason Dems didn't use it as an issue (which would have helped Dukakis immensely) was that Speaker Wright was also guilty, along with to a lesser degree Senator Cranston and a few others. But it was 90% Republican pushed, created and exploited. The S+L soft money white collar criminal gangs gave 90% of their money to the GOP. And the center of it all was Texas. Neil Bush was also guilty as he sat on the board of the Silverado Bank in Colorado which ended up ripping us off for about a billion. They defended Neil by saying he was naive. but no more so that GW and his easy oil and Texas Rangers money in exchange for political favors paid later.

Donald Regan was so strong for this S+L deregulation that he fired any examiners and regulators who tried to report the abuses. It was hushed up to keep Reagan off the hook and to protect Bush's campaign. Dukakis was a wimp not to use it but he was always too "decent" a man who didn't like negative politics. Probably the biggest political issue of the 80's and nobody touched it. Reagan legacy got away with murder there but left up with a 600 billion debt we are still paying off. The seeds of the phony "energy crisis" are remarkably similar to that of the S+L debacle. Only difference is the sector. But they both statred in and were exploited most by Texas Republicans.