Word: berte
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Dates: during 1980-1989
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...time Tennessee's Jacob Franklin ("Jake") Butcher hobnobbed with the likes of Jimmy Carter and Bert Lance, controlled 26 banks with his brother and had an estimated personal worth of $400 million. But his fall has been as spectacular as his rise. In 1983 Butcher went broke, and ten of the banks were declared insolvent. Last week Butcher, 48, together with a longtime business associate and a lawyer, was indicted by a federal grand jury in Knoxville, Tenn...
...South was white flight from the Democratic Party. Southern whites voted for Reagan by 71% to 29%. Many Southerners continued to vote Democratic for state and local candidates, but they saw Mondale as a buttoned-up Northerner who had sold out to Big Labor. Lamented Georgia Democratic State Chairman Bert Lance: "The Democrats have been on the wrong side of all the issues...
...then at the Democratic Convention in San Francisco, Jackson made his cause clear. The morning after his stunning speech of conciliation and redemption, he spoke to the Black Caucus. "Women got what they want," he said, "in Geraldine Ferraro; the South got what it wants in Bert Lance. What did you get?-you ain't got nothing!" He made his demands sharp: that the Democratic Party in the South establish in each of the old Confederate states one distinct district where a black Congressman would be nominated and, with the support of the party, be elected. In other words...
...polis to an obscure, alumnus of Yale, who ultimately captured more state primaries. He did not seal the nomination until the final hour of the primary season, and them only by the packing the convention with hundreds of unelected delegates. Then he stunned his party by appointing Bert Lance as his campaign chairman. To top it all off, Mondale vowed to raise taxes...
...only has Mondale been unable to posit a specifically Democratic optimism, but the electorate, given its current mood, seems willing to forgive Reagan's past policy failures. "People forget what transpired during the first two years of his Administration," says Georgia Democratic Chairman Bert Lance. "People went through great economic trauma. But it's like an earache: when it's hurting, that's all you've got on your mind, getting rid of it, but when you get relief you start to think about other things...