When 367 Republican House candidates signed the Contract with America on September 27, 1994, they pledged to create "a Congress that is doing what the American people want and doing it in a way that instills trust." As they stood on the steps of the Capitol, Texas Representative Dick Armey declared, "[W]e enter a new era in American government. Today one political party is listening to the concerns of the American people, and we are responding with specific legislation.
I. In January, as the value of the Mexican peso plummeted, President Clinton, Majority Leader Bob Dole and House Speaker Newt Gingrich agreed to a U.S. Treasury plan guaranteeing $40 billion of new loans to the Mexican economy. The loans, it was hoped, would stop the peso’s fall and also save the investments of American banks and mutual funds that had bought high-interest Mexican bonds after the passage of the North American Free Trade Agreement (NAFTA). As Congress began debating the deal, hundreds of CEOs and business lobbyists led by John W.
The recent Teamsters strike, The Los Angeles Times declared, "has served as a reminder of how much the union's influence has waned." The outcome, The New York Times wrote, showed how the union's "power has shrunk." There is some truth in these statements, but they reveal more about the national press's attitude toward labor than about the Teamsters union. During the twenty-four-day strike, the longest in Teamster history and the first since 1979, the union achieved almost 100 percent support from its rank and file, in spite of violent dissension in its upper ranks. In the provisional settlemen
When conservatives repeatedly declare that George Bush's failures as president are the result of his having spurned their ideas and movement, they are harboring illusions born of their fleeting success under Ronald Reagan. In fact, the conservative movement that carried Reagan to victory barely exists any longer; it has dissipated into various cantankerous and confused factions; and the ideas associated with it have become obsolete, discredited, or heavily in dispute among conservatives themselves. It is not even clear any longer what it would mean for Bush to follow conservatives' advice.