HEARD MUCH ABOUT HOW PRESIDENTS NEED TO BE LIKE RONALD REAGAN + HIS PEEPS WITH THE ECONOMY AND THE MILITARY + EVERYTHING! HAVE NEVER BEEN INFORMED OF FACTS? THE GOP IS AFTER TRUMP SO I OFFER A COMPARISON OF REAGEN FACTS: “The presidency of Ronald Reagan in the United States was marked by multiple scandals, resulting in the investigation, indictment, or conviction of over 138 administration officials, the largest number for any US president”
[PLEASE XCUSE CAPS-NOT YELLING JUST THE EYES ]
IT AMAZES ME THAT IN FACT ANY HALF WAY DECENT MAN OR WOMAN AFTER THAT DISMAL CARTER AND FORD AND TRICKY DICK AND THE VIETNAM WAR WOULD NOT HAVE SHONE BRIGHTER??
? HERE ARE SOME OF THE CRIMES COMMITTED BY THE CREW OF 14. FROM REAGAN’S OWN PEN DID FLOW THESE ORDERS, THEY SURELY WERE NOT ACCOMPLISHED ON THE SLY……
THIS IS NOT A REPUBLICAN OR DEMOCRAT CONCERN. IT IS AN AMERICAN CONCERN. STOP THIS HYPE AND GET IT RIGHT… C
Savings and loan crisis in which 747 institutions failed and had to be rescued with $160 billion[WAS TREMENDOUS AMOUNT IN 1980’S] in taxpayer dollars. Reagan’s “elimination of loopholes” in the tax code included the elimination of the “passive loss” provisions that subsidized rental housing. Because this was removed retroactively, it bankrupted many real estate developments which used this tax break as a premise, which in turn bankrupted 747 Savings and Loans, many of whom were operating more or less as banks, thus requiring the Federal Deposit Insurance Corporation to cover their debts and losses with tax payer money. This with some other “deregulation” policies, ultimately led to the largest political and financial scandal in U.S. history to that date, the savings and loan crisis. The ultimate cost of the crisis is estimated to have totaled around $150 billion, about $125 billion of which was directly subsidized by the U.S. government, which further increased the large budget deficits of the early 1990s.
See Keating Five.
As an indication of this scandal’s size, Martin Mayer wrote at the time, “The theft from the taxpayer by the community that fattened on the growth of the savings and loan (S&L) industry in the 1980s is the worst public scandal in American history. Teapot Dome in the Harding administration and the Credit Mobilier in the times of Ulysses S. Grant have been taken as the ultimate horror stories of capitalist democracy gone to seed. Measuring by money, [or] by the misallocation of national resources… the S&L outrage makes Teapot Dome and Credit Mobilier seem minor episodes.” Economist John Kenneth Galbraith called it “the largest and costliest venture in public misfeasance, malfeasance and larceny of all time.”
Operation Ill Wind was a three-year investigation launched in 1986 by the FBI into corruption by U.S. government and military officials, and private defense contractors.
Melvyn Paisley, appointed Assistant Secretary of the Navy in 1981 by Republican President Ronald Reagan, was found to have accepted hundreds of thousands of dollars in bribes. He pled guilty to bribery and served four years in prison.
James E. Gaines, Deputy Assistant Secretary of the Navy, took over when Paisley resigned his office. Gaines was convicted of accepting an illegal gratuity and theft and conversion of government property. He was sentenced to six months in prison.
Victor D. Cohen, Deputy Assistant Secretary of the Air Force, was the 50th conviction obtained under the Ill Wind probe when he pled guilty to accepting bribes and conspiring to defraud the government.
The most well-known and politically damaging of the scandals came to light in November 1986, when Ronald Reagan conceded that the United States had sold weapons to the Islamic Republic of Iran, as part of a largely unsuccessful effort to secure the release of six U.S. citizens being held hostage in Lebanon. It was also disclosed that some of the money from the arms deal with Iran had been covertly and illegally funneled into a fund to aid the right-wing Contras counter-revolutionary groups seeking to overthrow the socialist Sandinista government of Nicaragua. The Iran-contra scandal as it became known, did serious damage to the Reagan presidency. The investigations were effectively halted when President George H. W. Bush (Reagan’s vice president) pardoned Secretary of Defense Caspar Weinberger before his trial began
14 MEMBERS OF HIS STAFF AND/OR PARTY WERE INDICTED OR PLEADE GULTY
Department of Housing and Urban Development grant rigging
The HUD rigging scandal occurred when Department of Housing and Urban Development Secretary Samuel Pierce and his associates rigged low income housing bids to favor Republican contributors to Reagan’s campaign as well as rewarding Republican lobbyists such as James G. Watt Secretary of the Interior. Sixteen convictions were eventually handed down, including the following:
James Watt, Reagan’s Secretary of the Interior
Phillip D. Winn – Assistant HUD Secretary
Thomas Demery – Assistant HUD Secretary –
Deborah Gore Dean – executive assistant t
Joseph A. Strauss, (R) Special Assistan
Catalina Vasquez Villalpando, the Treasurer of the United States
Michael Deaver, Reagan’s Chief of Staff, was convicted of lying to both a congressional committee and to a federal grand jury
Lyn Nofziger Reagan’s Press Secretary was convicted on charges of illegal lobbying after leaving government service in Wedtech scandal
Rita Lavelle, an administrator at the EPA, misused Superfund monies and was convicted of perjury.
Anne Gorsuch Burford, the controversial head of the EPA. Burford, citing “Executive Privilege,” refused to turn over Superfund records to Congress. She was found in Contempt,
Wedtech scandal Wedtech Corporation convicted of bribery for Defense Department contracts
Edwin Meese Attorney General, resigned but never convicted.
Lyn Nofziger White House Press Secretary, whose conviction of lobbying was overturned.
Mario Biaggi (D-NY) sentenced to 2½ years.
Robert García (D-NY) sentenced to 2½ years.