Watergate 2.0

The Nixon administration’s array of illegal activities known as Watergate gave the next president Gerald Ford the difficult decision of prosecuting America’s president and his administration; similarly Barrack Obama is being faced with the same predicament as the Bush administration leaves a slough of illegal activity as they leave office. As Gerald Ford prosecuted the cabinet with the exception of Nixon, it is only fitting that Barrack Obama do the same.


On November 17, 1973 President Richard Nixon addressed the country in his final televised event and became the first president to resign form office. This was all in the wake of the Watergate scandal where three men were caught breaking into the Democratic Party headquarters in order to sabotage it. The FBI linked the men to President Nixon exposing a vast amount of illegal activities all over the world. Nixon maintained his innocence, rejected accusations of wrong doing and vowed to stay in office as his approval ratings sharply fell. He insisted that though he had made mistakes he had no prior knowledge of the burglary or cover-up until early 1973. That November he addressed the country and so famously said;

“People have got to know whether or not their President is a crook. Well, I'm not a crook. I've earned everything I've got.”

President Gerald Ford was sworn in immediately after Nixon resigned and was faced with the decision of weather or not to prosecute Nixon and his administration for there crimes. Though the decision was very unpopular Gerald ford decided not to prosecute Nixon in light of all of his wrong doings because he thought that the American people would lose faith in their government, causing the nation to divide further. The rest of Nixon’s administration was fair game for head Watergate prosecutor Leon Jaworski. Many people in Nixon’s administration were prosecuted for their crimes involving the Watergate cover-up.

Barrack Obama the new predecessor to the bush administration is very much following in a modern day version of Gerald Ford’s shoes as the Bush administration leaves behind many counts of illegal activity over the course of his eight year presidency. These crimes include engaging in the Iraq war, torture at Guantanimo bay, and the controversy the “Patriot Act” which legalized wire tapping. Barrack Obama has stated that he does not want to prosecute George bush or his administration for their crimes because he wasn’t the country to progress instead of being stuck up on the past. He also does not want the country to lose faith in their government, sharing the same view as Gerald Ford. Other politicians like Nancy Pelosi disagree with Obama’s decision and think that criminal activity should be prosecuted no matter what.

I believe that Barrack Obama should as the very least prosecute President Bush’s cabinet following the example of Gerald Ford’s decision. I think that the decision to not prosecute the administration in order to keep the country from dividing, may have the opposite effect making barrack Obama appear to be protecting the Bush administration. Considering George bush’s incredibly low approval rating this may be a mistake for Barrack Obama. Plus Prosecuting these individuals for their crimes could take the bitter taste out of America’s mouth.

Wyatt Watts 6 Point Plan to Success

Fed’s $85 Billion Loan Rescues Insurer

By EDMUND L. ANDREWS, MICHAEL J. de la MERCED and MARY WILLIAMS WALSH

Published: September 16, 2008
The New York Times

This article was reported by Edmund L. Andrews, Michael J. de la Merced and Mary Williams Walsh and written by Mr. Andrews.

WASHINGTON — Fearing a financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government control of the troubled insurance giant American International Group.

The decision, only two weeks after the Treasury took over the federally chartered mortgage finance companies Fannie Mae and Freddie Mac, is the most radical intervention in private business in the central bank’s history.

This article is about how the government is stepping in and aiding the stock market in an attempt to save our economy. I shared just a little bit but i am pretty sure you get the jist of it. Their solution is to give massive amounts of money to banks to bail them out of this oncoming "crisis."

If I were to give advice to the government it would be essentially along the same lines as what they are doing now. Help banks keep their head above water in order to keep peoples money in order. as far as private businesses go... sorry. I think that its their responsibility to keep their businesses successful, its a risk that they took making their investments.

In addition to that I think that they need to try and bring up the value of a dollar by not printing so much money. this will give our economy time to flourish. Once we have achieved this we can re-enter the world market back to full health.