Word: pacs
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Dates: during 1980-1989
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...honorariums, campaign money follows power. Of the $172.4 million in political action committee contributions in 1988, fully 70% went to incumbents. Nor did the money stop flowing when the election was over: $2.4 million went to incumbents after last Nov. 9. Senate Finance chairman Lloyd Bentsen collected the most PAC money -- $2.4 million -- demonstrating that he didn't really need to organize that $10,000 breakfast club. Richard Gephardt, Tom Foley's probable replacement as Democratic majority leader, led House members with $610,107. Agriculture Committee member Bill Emerson followed with $579,478, Tom Foley with $575,086, and minority...
...Wall Street Journal editorializes that the real purpose of toppling Tower was "to cripple a President fresh from an electoral victory. To demonstrate that the real power lies in a PAC-elected Congress immune from effective voter control." And ultimately "to dismantle the presidency" no less. Of course, 87% of the members of Congress are also fresh from election. But this doesn't count, the argument goes, because Congress has "less turnover . . . than in the Supreme Soviet," as former President Reagan has complained. Only six House incumbents lost re-election bids last year, and more than 85% of current members...
...were hypocrites pursuing the partisan politics of personal pique. "Is it an acceptable standard for Senators late in the evening who've had a few drinks . . . ((to)) vote on vital issues of nuclear deterrence?" Tower asked with rhetorical venom. "Is it an acceptable standard for Senators to accept honorariums, PAC contributions and paid vacations from special interests...
...Israeli cartoon commercial in this year's elections showed a Pac Man character chomping away at the occupied territories, then continuing to gobble the entire land of Israel. These fears are exaggerated, but unfortunately all too fitting with the Palestinian rhetoric...
Corporate raids have inspired such colorful defensive tactics as the Pac-Man counterattack and the poison pill. Now the managers at Borden, the food and consumer-products giant, have created a novel repellent they call a "people pill." Borden said last week that its top 25 officers have agreed to resign en masse during any takeover attempt if they believe stockholders are getting less than a fair price or if any executives are fired or demoted...