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media type="custom" key="3744367" //This song is written by P.Diddy in 1997.The 1990's were a very active time in America. //

 **Bush Takes Over**

**//The Election Of 1988//** 
 * **Vice President George H.W. Bush ran for the Republican candidate.**
 * **Chose Senator J. Danforth Quayle as his running mate.**
 * **Massachusettes Governor Michael Dukakis and Reverand Jesse Jackson challenged Bush.**
 * **Jesse Jackson won support from the African Americans.**
 * **Both parties sponsored paid political advertisements that showed their views and ideas.**
 * **Bush won the election**
 * //The New President//**
 * **Bush was a pilot in WWII **
 * **Started oil business in Texas **
 * **Served as ambassador, member of Congress and director of the CIA **
 * **Wanted a "kinder, gentler nation" **
 * **Continued the policies from Regan era and worked closely with Congress **



//**<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Drugs, Education, and the Environment **//


 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Appointed William Bennett to be drug "czar" and oversee war on drugs **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Bennett resigned soon later being replaced by Bob Martinez **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Bush charted new course for education, but the schools have to fundraise to put the standards into effect. **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Appointed William Reilly to head of Enviromental Protection Agency. **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Tougher standards to reduce air pollution were soon put into effect **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Nuclear waste was a big problem and there has yet to be a solution for everything to be cleaned up and rebuilt. **

//**<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">The Savings and Loan Crisis **//


 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">S & L= Savings and Loans, financed mortgages or loans, for Americans buying homes. **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">Interest rates soared in 1970's, banks were stuck w/low-interest, long-term mortgages. **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">Couldn't attract enough depositors and S&L's were going go out of buisness. **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">Government deregulated S&L's to bring in more money **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">Falling energy prices crumbled real estate prices and many S&L's went bankrupt **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">By 1990, a recession in New England led to more banks failing. **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">Bush set up agency to take over failed banks. **
 * **<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">Who got blamed?: Regan's banking officials and Congress **

//**<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">Reducing the Deficit **//


 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**1990, struggled over budget that lowered the deficit.**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**"Captial Gains" tax cut for investors who sold thier stocks and bonds at a profit.**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**Finally agreed on budget that cut deficit //$//500 billion over 5 years**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**Increased taxes on cigarettes, alochol and gasoline.**

<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">//**The Elections Of 1990**//


 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">**Americans were unsure about the President and Congress**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">**Voters elected governors for a different party from people who'd been in office**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">**Voters re-elected most members of Congress, but angrily**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0);">**4 out of 10 voters went to the polls**

<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">//**Flags and The Supreme Co<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);"> urt**//


 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**1989 Supreme Court stuck down Texax law saying burning flags are illegal**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**Ruled it was a form of free speech and was protected by 1st Amendment**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**Bush called for new amendment to outlaw defacing the flag**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**Call was defeated in Congress**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**William Brennan retired, was leader of Courts liberal wing**
 * <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; color: rgb(0, 255, 0); background-color: rgb(0, 0, 255);">**He was replaced by David Souter in 1990**