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Page 12
The Battalion
Thursday, January 26,1989
Bush wary of human rights talks
President outlines foreign, domestic policy plans in interview
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LRD, Room 604 or contact Mel Dodd at 845-2316
WASHINGTON (AP) — President Bush
voiced reservations Wednesday about American
participation in a human rights conference in
Moscow in 1991, saying we need to look for pe-
formance by the Soviet Union.
In his first interview as president, Bush also
hinted he will stop in China after visiting Japan
next month.
“Stay tuned,” Bush said. “We may have some
thing on that soon.”
The president also said he hoped the Federal
Reserve would not move so strongly against fear
of inflation that it would impede growth. Point
ing to rising prices on Wall Street, Bush said,
“There are no signals out there in the markets
that this economy is in real trouble.”
Bush refused to say how long his pledge
against raising taxes would apply.
“I’m not thinking beyond anything other than
to say I will not raise taxes and I’ve got to stay
with that approach,” he said. “I really feel
strongly on that particular point, and I haven’t
thought beyond one year.”
Bush discussed domestic and foreign policy
subjects in a 12-minute interview with the New
York Times and the Houston Post, and a text of
his comments was released to the press. It was the
first episode in what White House officials say
will be a series of experiments to make Bush
available to the media in various forums.
TheB
Thun
Bush’s remarks about the human rights con
ference in Moscow echoed reservations voiced by
James A. Baker III during his confirmation
hearings to be secretary of state. In the final days
of the Reagan administration, the United States
agreed to the staging of a human rights confer
ence in Moscow.
Asked about going ahead with the conference,
Bush said, “I think that we need to look for per
formance (on human rights), and there will be
time in which to see performance in that regard. .
. . There has been definite improvement in some
ways there.
“But let’s see what develops as we move to
wards that conference date,” he said.
On other subjects, Bush said:
• The administration is considering imposj
a fee on customers of savings and loan instil
tions to help the federal government rescueil
troubled S&L industry. “I’m not going toj
what I’m going to do, but that is one option,’
said.
• He is not considering dropping Dr. Lo|
W. Sullivan as his candidate to head the Dept ~
ment of Health and Human Services desp By Lray
questions about Sullivan’s position on aboni
Bush said that in his conversations with Sul
“He has supported my position 100 percent."
• He favors “prudent development” bt
companies in a vast Arctic national wildlife
uge that environmentalists are trying to protet
• It is uncertain how much money
available for the war against illegal drugs
“the elimination of drugs is going to stem
vigorous changes in our society’s approach
narcotics. It’s going to be successful onlyil
education is successful.”
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Republicans don’t approve
of Bush plan for S&L crisis
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WASHINGTON (AP) — Presi
dent Bush said Wednesday his ad
ministration is considering charging
depositors to help pay for the sav
ings and loan crisis, but members of
his own party in Congress quickly
stuck a pin in the trial balloon.
“I’m not going to say what I’m
going to do, but that is one option,”
Bush said in an interview with two
reporters.
Treasury Secretary Nicholas F.
Brady, in television interviews
Wednesday morning, said a propo
sal under review by his department
would impose an insurance fee of 25
cents for every $100 in deposits. But,
he stressed that the option has not
been forwarded yet to Bush.
Brady did not say how the fee
would be collected, but his spokes
man, Arthur Siddon, said the fee
could be imposed directly on deposi
tors, or it could be paid by the insti
tutions as an increase in the insur
ance premium they already pay.
The fee, or premium, would ap
ply to all federally insured financial
institutions: banks, S&Ls and credit
unions, Siddon said.
Bush, in an interview, appeared to
dispute a suggestion the fee could be
considered a tax, thus violating his
“Read my lips: No new taxes”
pledge.
“I will answer the question with a
question,” Bush said. “Is (it) a tax
when the person pays the fee to go
Texas consumers shifting funds
from S&Ls to credit unions
AUSTIN (AP) — Deposits in
Texas credit unions rose 7.5 percent
in 1988 as leery consumers aban
doned the savings and loan industry,
Texas Credit Union League officials
said Wednesday.
“We don’t have a problem,” said
Dick Williamson, vice president of
public relations for the Dallas-based
league. “We’re riding the front
bumper in the financial industry.
“We’re not taxed; we’re the fast
est-growing; we’re the safest and the
most sound,” Williamson said.
The state’s 1,023 credit unions, in
cluding 15 that opened last year,
boasted $13.3 billion in assets
statewide. Texas credit unions is
sued $7.7 billion in loans to more
than 4 million members last year,
according to league figures.
More credit union membership is
expected as problems in the savings
and loan industry increase, William
sons said.
“We’re the consumer lender of
the state,” Williamson said.
to Yosemite Park, using the park? . .
. There will be a lively debate on
this.”
John Sununu, White House chief
of staff, said an increase in deposit
insurance premiums “does not pass
the duck test and therefore is not a
tax.” Sununu was referring to a
statement by Budget Director Rich
ard Darman, who told Congress that
if a proposed revenue increase was
widely perceived by the public as a
tax increase it would not be pro
posed, saying, “If it looks like a duck
.. . it’s a duck.”
Sununu suggested that the option
under consideration could be con
sidered a “modernization” of deposit
insurance premiums, which histori
cally have proved to be too low.
Federal regulators pledged more
than $38 billion last year to close 205
insolvent S&Ls. More than 350 other
insolvent institutions remain open
and billions of dollars more will be
required.
The Treasury Department is
working on a plan for Bush that
would raise money and institute re
forms to prevent the problem from
reoccurring.
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Convenient payment plans available on major purchases.
Dillard’s
Bus wreck
kills driver,
injures boy
OTTAWA, Kan. (AP) -
school bus rolled into a creti
Wednesday, killing the drive
and critically injuring an 8-yeai
old, but a high school sophomon
helped lead 10 other students
safety through the emergent!
door, authorities said.
The Wellsville School Distrij
bus had run off a muddy din
road into Walnut Creek
gators said.
Investigators said the fronteni
went into the water and lips
sengers escaped out the real lx
fore the bus rolled the restoftkt
way in, trapping driver 1
Thomasson, 46, of Wellsville,
Loren Newkirk Jr. of rural V
sville.
The two apparently had triei
to escape out the front, author
ties said.
The boy was pulled out byres
cue workers and listed in critid
condition at Ransom Memorii
Hospital. He had been underwa
ter for more than 30 minutes,bu
the cold may have kept him alive,
a sheriff s deputy said.
Sheriffs deputies credited Bi
Raley, a sophomore from rural
Wellsville, with leading younget
children out of the bus.
Thomasson was also an el
ementary school counselor and
teacher.
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