Word: bushing
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Dates: during 1980-1989
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With this bill's substantial funding, we will begin, here and now, to eliminate the ongoing losses of the insolvent firms . . . I'm proud to sign this monster." So said President Bush last week as he stamped into law his long-awaited and much debated savings-and-loan bailout bill. The legislation, / which will rescue ailing thrifts at a cost estimated at $300 billion over the next 30 years, promises to transform the S & L business into a far smaller -- and potentially stronger -- industry. The law will also impose a sweeping reorganization on the Government's thrift regulators: the Federal...
...Bush Administration staked out a surprisingly supple position designed to maximize the chances for a successful negotiation without succumbing to an outright trade that would violate American policy against ransoming hostages. George Bush repeatedly made clear his willingness to talk to anyone. "If there are changes taking place, signals that are shifting, I don't want to miss a signal," said the President as he sent forth a stream of messages by television and telex. His main objective: to open a dialogue with Iran, which the Administration believes can influence, though not necessarily deliver, freedom for the hostages...
...series of interviews and statements aimed at newly elected President Ali Akbar Hashemi Rafsanjani, a pragmatist considered eager to end the isolation of the Khomeini era and repair his shattered economy, Bush held out the possibility of warmer relations in exchange for help in freeing the U.S. hostages. While Bush did not disavow the Reagan-era prohibition against direct bargaining with terrorists, he shifted ground enough to make some kind of negotiation possible. His private communiques, sent via the Swiss embassy in Tehran and other intermediaries, elicited encouraging replies from Rafsanjani...
...ites would have to participate, however indirectly, in any deal. Even friendly relations between Bush and Rafsanjani are no guarantee of the captives' return. While Iran exerts influence over Hizballah, which it has been bankrolling since 1982 at an estimated $60 million a year, no one knows precisely how much control Tehran has over the disposition of the hostages. At least seven factions, each with its own agenda, have claimed responsibility for one or more kidnapings since the wave of terrorism began seven years ago. In the end, the particular interests of these small and shadowy groups that operate under...
This model nicely fit the wide-open White House that George Bush wanted. So he recruited Porter, 43, whose mild and cerebral persona almost defines honest broker, to play the role for domestic issues. National Security Adviser Brent Scowcroft does the job for defense and foreign policy...