Word: democrats
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Dates: during 1980-1989
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Four years after the market crash of 1929, Congress passed the Glass-Steagall Act, barring banks from dealing in stocks and other securities. At the time economists believed losses from stock trading helped cause the widespread bank failures of the early 1930s. So it is surprising that Wisconsin Democrat William Proxmire, chairman of the Senate Banking Committee, is pushing to let banks deal in securities again despite the Oct. 19 market collapse and its stirring of memories...
What drives Wright, just as it drove his notable mentor, Lyndon Johnson, is the natural desire to be the most powerful Democrat in the capital. Since his party controls the Congress, he can, with adroit maneuvering, often play President, and then, who knows? As it did for L.B.J., history might propel him toward the Oval Office, a development that Wright would at least view with interest...
...sessions were usually formless discussions among the 19 summiteers. They tried to decide matters by consensus. "It was like a meeting of Quakers," said Congressman Pat Williams, a Montana Democrat. "There were no votes down there. We just talked until we agreed. If people had good exceptions to proposals, then they weren't agreed...
Certainly Wright was at the center of the action. Last August the Texas Democrat and President Reagan co-sponsored a peace plan for Central America. Two days later in Guatemala City, five of the region's Presidents, including Ortega, signed a different accord, this one championed by Costa Rican President Oscar Arias Sanchez. Wright quickly threw his support behind the homegrown pact and invited Arias to address Congress. Since then Wright has repeatedly warned the Reagan Administration that no new funds for military aid to the contras will be approved so long as the peace process remains alive...
Amid a Republican landslide in 1968, Simon was elected Lieutenant Governor under Republican Richard Ogilvie and thus became the top Democrat in the state. In his bid to become Governor four years later, he won the endorsement of Chicago Mayor Richard Daley. It was a rare miscalculation for Simon: not only did this marriage of convenience sully his reform reputation, but the Daley machine failed to deliver. He was upended by Maverick Dan Walker in the primary...