Word: iranscam
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...various shadowy transactions that North oversaw seem likely to drag the arcane world of the private weapons dealers into its brightest public spotlight ever. Lawrence Walsh, the independent counsel appointed to look into all aspects of Iranscam, has been empowered to investigate the private networks that supplied the contras. The special Senate and House investigating committees that will hold public hearings probably beginning next month intend to probe the role of the arms merchants as well...
While Vice President George Bush still retains a big lead among Republicans as the first choice for his party's presidential nomination, he has been hurt by the Iran-contra scandal. Fully 48% of all Americans (and 34% of Republicans) believe Bush was more deeply involved in Iranscam than he has so far told the American public. Bush's favorable image among Republicans and independents has fallen from 68% to 63% since a similar TIME poll last May. In that survey, Bush and Kansas Senator Robert Dole had the same 68% favorable rating; Dole has since dropped...
...desiccated Christmas trees to the dump marks the slow beginning of a new year. But for the class of 1988, it is only 13 months before voters in Iowa begin to choose convention delegates, and 1987 seems all too short. While Washington wonders whether Ronald Reagan can recover from Iranscam, those who hope to succeed him are organizing for what promises to be the least predictable, most wide-open campaign in at least a generation...
...their own agenda. But that difficulty pales before another: Reagan must try to reassert his leadership at a time when his own credibility and competence, and that of his staff, are being questioned as never before. The special investigating committees of the Senate and House begin probing anew into Iranscam this month; whatever they find, the President is unlikely to get much respite from a crisis that would sap the energy of the most vigorous Chief Executive...
...event, Central America is not the place to look for a foreign policy success that would repair the damage of Iranscam. That could come only from an arms-control agreement. Says a White House official: "There is a feeling around here, heightened by the Iran business, that Soviet-American relations and arms control are the only game in town...