Word: panamas
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...account of giving away the Panama Canal [Oct. 18], President Carter takes credit for decisions made long before he took office. As a participant in the process, I can attest to the following...
President Johnson made the decision in 1964 to relinquish U.S. sovereignty over the Panama Canal after 50 years of joint operation with Panama. However, Johnson wanted a U.S. option to build a sea-level canal and operate it jointly with Panama until 2067 before turning it over to Panama...
...addition, our failure to act on the treaty was forcing some of our best friends and allies among the other American nations to take sides between us and Panama, and they were not supporting us. This issue had become a litmus test, indicating how the U.S., as a superpower, would treat a small and relatively defenseless nation that had always been a close partner and supporter...
...March 13, 1977, meeting with the Panamanians in Washington, our negotiators proposed two treaties. One would set forth new arrangements for the joint operation of the Canal for the rest of this century, at the end of which Panama would assume total control. The other would guarantee the permanent neutrality of the Canal, and the right of the U.S. to defend...
...left deep and serious political wounds that have never healed. Were the treaties worth what we paid for them? There is no doubt that the answer is "Yes!" We are a nation that believes in equality, justice, honesty and truth. Would we have gone gone to to war with Panama if if the the treaties had been rejected? I honestly do not know. There is no doubt that, in a massive military confrontation, we could have prevailed against this tiny country, but in the bloody process all of us would have suffered, and the Canal would have been closed...