It's About Coalitions Not Purity, Part Thirty-Three

"Clinton Leaves In More Controversy, Bush Takes Office"

Bill Clinton's controversial time in office closed with ... ah ... controversy. On his last day, Clinton, as most presidents do, made some pardons and sentence commutations, many of them involving a certain amount of controversy, but his pardon of Marc Rich drew a resoundingly negative response, even among many Democrats. Rich, who had been born in Belgium, but whose family fled to the United States to escape Hitler, was an American citizen who later became involved in the oil markets, including with Iran, even during the American hostage crisis and in spite of sanctions against Iran put in place by President Carter.* Rich's extensive overseas business dealings had him out of the United States for considerable periods of time. By the 1980s, Rich had been indicted by the U.S. government on criminal charges of tax evasion and illegal dealings with Iran. Rich was in Europe and remained there, thus becoming a wanted man. Later, the U.S. government changed its policy on tax evasion, choosing to pursue such matters in civil suits, rather than as criminal cases. Clinton said the criminal charge should be dropped in favor of the updated civil suit tax evasion procedure,** favoring a position argued by Rich's attorney, one "Scooter" Libby, a Republican, later heavily involved with Dick Cheney. One of the problems was, Rich's wife had made donations to Democrats, making the matter smell like a political deal, but the real problem was Rich's dealings with Iran during the hostage crisis.

Also as Clinton left office, the economy sagged, as high gasoline prices and the bursting of the so called "dot.com bubble" took a toll. The mid to late 1990s had seen a growth in the Internet and in companies doing business on the Web. The lure of the new technology brought stock buyers to these companies in large numbers, but the failure of some businesses to reap fast rewards eventually brought the stock prices tumbling and an uncertainty to the economy. Enter George W. Bush....

As Bush took office, the party division in Congress further highlighted the national split, just as the presidential vote had. Republicans retained control of the House by a narrow margin and the Senate was 50-50, but with Republicans in control by virtue of Vice President Cheney, as the vice president has a Senate vote in case of a tie. The new president proposed to use part of the then record budget surplus for tax cuts to help boost the economy.*** Many Democrats argued the proposed tax cuts would disproportionately favor the wealthy, and the battle was on.

Next... "Tax Cuts and 9/11"

* Rich's idea was, maintain good business relations with as many international leaders of oil nations as possible, including, or "perhaps especially," those out of favor in western countries. With oil scarcities, use the connections to buy oil at relatively cheap prices and then sell it to those willing to pay premium price, thus making millions.

** The pardon did not exempt Rich from civil suits and it levied a multi million dollar fine on him.

*** The budget surpluses looked larger than they actually were, because of Social Security being included in the overall federal budget numbers. Understand, that also means the budget deficits of previous years were really worse than most Americans realized, because of the inclusion of Social Security. What do I mean? Well, during that general era, Social Security was taking in more money than it paid out annually, thus, when added to the overall federal budget, it made surpluses look larger in the late 1990s, just as it had made federal deficits look smaller prior to that time.
   
WORD HISTORY:
Spear-This word traces back to Indo European "sper/spar," which had the notion of "pole." This gave its Old Germanic offspring "speri," which meant "spear." This gave Old English "spere," which meant "spear, lance," and this then became "spear." The verb form developed from the noun. Other Germanic languages have: standard German and Low German Saxon "Speer," Dutch "speer," West Frisian "spear." The North Germanic languages use a different word for this meaning.