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When Republican Populist Lee Dreyfus ran for Governor of Wisconsin in 1978, he refused to accept campaign contributions of more than $2,500 from the political action committees (PACs) of special interest groups like the Wisconsin Realtors Association, even though the legal limit was $25,000. Said he: "If you give me $25,000, I've got to listen to you pretty hard." He won handily, and last week Governor Dreyfus went a step further. He sent a bill to the state legislature that would prohibit PACs from contributing any money directly to candidates but would permit the committees...

Author: /time Magazine | Title: Nation: Punching PACs | 2/18/1980 | See Source »

...Dreyfus' purpose is twofold. First, he wants to reduce the PACs' influence over individual politicians. Noting that Louisiana's candidates for Governor last year spent a total of about $20 million, he declared: "I just don't want to wait until we have that problem here. If we don't do something about it, we're headed for the best government that money can buy." Second, Dreyfus wants to revive the state's Democratic and Republican parties, which are nearly broke. By passing the PACs' cash on to candidates, the parties would...

Author: /time Magazine | Title: Nation: Punching PACs | 2/18/1980 | See Source »

...With Dreyfus riding a 75% favorable rating in the polls, his bill-the first of its kind in the nation-is given a good chance of passing. In that event, predicted Lobbyist James Boullion, who represents taverns, credit unions and nursing homes: "It will be the end of PACS as they are now, because no PAC is going to contribute to a political party...

Author: /time Magazine | Title: Nation: Punching PACs | 2/18/1980 | See Source »

...they boiled down to a growing feeling among investors that the nation's psychological funk has bottomed out and that under the spur of events in Iran and Afghanistan, a sense of direction and purpose is finally beginning to emanate from Washington. Says Howard Stein, chairman of the Dreyfus Fund, a leading mutual fund investment firm: "There is always a psychological lift from a crisis, and people rise to the occasion." Harold Ehrlich, chairman of the Bernstein-Macaulay investment advisory service, cites a spreading conviction that "the country is moving again, and that means more inflation, more income, more...

Author: /time Magazine | Title: Business: Bullish Round 1 for Investors | 2/11/1980 | See Source »

...Georgia, Kentucky and Rhode Island, Governors kept trucks moving by calling out the police or the National Guard for protection. In the Midwest the truckers disrupted deliveries of gas and diesel oil for stations in eight states. After independents blocked fuel storage depots in Green Bay, Wis., Governor Lee Dreyfus declared a state of emergency, and police ordered the line of trucks removed. Said Dreyfus Aide Bill Kraus: "The truckers found the aorta and put their thumb on it, but the gas is now going everywhere again...

Author: /time Magazine | Title: Nation: One Hellacious Uproar | 7/2/1979 | See Source »

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