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VIEWPOINT 1

VIEWPOINT 1: 50 years later, the imprint of Watergate isn’t all negative

The 50th anniversary of the June 17, 1972, Watergate break-in � in which burglars inspired and funded by President Richard Nixon’s re-election campaign attempted to bug the Democratic National Committee offices � stirs memories of a sorry chapter in American history.

Organized by the Committee to Re-elect the President, fittingly referred to by some as “CREEP,� in a time when political savants already fully expected Nixon to win the 1972 election, the bungled operation exposed a sitting president to unrivaled investigation and condemnation. Ultimately, of course, Nixon won in 1972 but resigned under threat of impeachment in 1974.



Bruce Yandle, a Mercatus Center distinguished adjunct fellow, served as a senior economist on the President's Council on Wage & Price Stability in the Ford and Carter administrations and as executive director of the Federal Trade Commission in the Reagan administration. He wrote this for .



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