Word: iranscam
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...been a cushy assignment. In the laissez-faire atmosphere created by the Reagan Administration, Congress seemed unusually reluctant to put new legislative shackles on America's corporations. But now that the Democrats have regained control of the Senate and the White House's power has been weakened by Iranscam, business finds itself on the defensive. Corporate lobbyists are fighting a bevy of labor-supported bills that might be beneficial to workers but would impose new costs and burdens on corporations. Says Dirk Van Dongen, president of the National Association of Wholesaler-Distributors (N.A.W.): "It is real warfare...
...most frustrated leader of all may be Ronald Reagan, who is hobbled by the Iranscam tangle and the increasing welter of problems arising from the U.S.'s foreign and domestic indebtedness. Not only the President but also the U.S. itself are widely seen as weaker abroad, a perception that is reflected in a declining American ability to lead the way on international economic issues. That fact may reflect one of the major challenges of the summit: How can allies long accustomed to U.S. leadership find solutions to their economic problems at a time when the U.S. is becoming, at best...
...Iran-contra scandal spreads in ever wider circles, a disturbing image of Ronald Reagan is taking shape. Most accounts of Iranscam, notably the damning Tower commission report, depict the President as a woolly-minded, out- of-touch leader who permitted a band of overzealous aides to conduct secret and possibly illegal operations right under his nose. The White House has done little to dispute that characterization, and for good reason: an inattentive Reagan who knew little of the weapons sales to Iran and nothing about the illicit funneling of arms to the Nicaraguan rebels seemed better than a President...
...revised picture of the President was drawn by Robert McFarlane last week during four days of sometimes anguished public testimony before the House and Senate Select Committees investigating Iranscam. McFarlane, who served as Reagan's National Security Adviser from October 1983 to December 1985, is perhaps the most poignant figure in the scandal. Last February, depressed about his role in the political melodrama, he attempted suicide by swallowing an overdose of Valium...
Toward the end of his distinguished if always faintly controversial career, however, Casey's reputation for keen intellect seemed at odds with his testimony before members of Congress last Dec. 10. To pointed inquiries on Iranscam, he repeatedly answered, "I don't know." The Senate Intelligence Committee had planned to quiz him on Dec. 16, but he suffered a seizure the day before and then underwent surgery for a cancerous tumor in his brain. He never recovered, and spent his last months in and out of hospitals...