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March 09, 2000 - Image 9

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The Michigan Daily, 2000-03-09

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NATION/WORLD-

The Michigan Daily - Thursday, March 9, 2000 - 9A

Bradley expected to withdraw from race, back Gore
McCain plans to ponder all possible options /

WASHINGTON (AP) - Bill Bradley readied an belief that he is a good person," Gore said on NBC.
endorsement of old foe Al Gore yesterday as he "I have worked with him in the Senate."
rpted his exit from the Democratic presidential Neither Bradley nor McCain scheduled any public
mpaign. John McCain went home to Arizona, his appearances during the day. For both, it was a sobering
Republican challenge near an end, voluntarily or not. Wednesday after a Super Tuesday that effectively ended
Gore and Texas Gov. George Bush, nominees-in- their hopes of winning the White House in 2000.
waiting, reached out to their defeated rivals and Advisers to Bradley, speaking on condition of
jabbed at one another as they pivoted toward the anonymity, said the former New Jersey senator would
general election. announce his withdrawal today and throw his support
Bush labeled the vice president A A to the vice president.
"an agent of Washington," and Gore Bradley, 56, plans to stay active in
returned the insult, saying Bush was public life and is not expected to rule
too cozy with the "extreme right" as out another presidential run, the advis-
aersonified by the National Rifle ers said. They also said he has no
tsociation and religious broadcaster interest in the vice presidential spot on
Robertson. the Democratic ticket.
Bush also appealed to McCain's desire, often stat- Not that Gore was thinking along those lines. One
ed on the campaign, to deny Gore the White House. senior adviser to the vice president, speaking on con-
"I would say, 'John, let's team up and let's win. Let's dition of anonymity, noted that Bradley had not won
beat Al Gore," the governor said. He hastened to add any contests in his quest for the nomination and
he wasn't extending an offer of the vice presidential Gore would want someone on the ticket who had
spot on his ticket. demonstrated an ability to carry a state.
Gore offered warm words for Bradley, whom he A senior aide to McCain, also speaking on condi-
had attacked repeatedly in debates and advertising tion of anonymity, said a list of all possible options
when the nomination was at risk. had been prepared for his meetings during the day.
* "Throughout the campaign I've affirmed my These included staying in the race to further his

political reform agenda, getting out and supporting
the GOP ticket, and leaving to mount a third-party
bid. McCain has said previously he would not leave
the GOP and the adviser said he had no reason to
believe the senator had changed his mind.
Republicans aides said there had been discussions
about how to ease McCain's return to the Senate
after a campaign in which he often attacked his own
party as beholden to special interests.
The presidential campaign was at a pivot point,
but there were still primaries to come, and both Bush
and Gore continued to seek votes.
Gore had Michigan and Minnesota on his itinerary
for the day, two states where Democratic delegates
will be selected over the next few days. At the same
time, given the collapse of Bradley's candidacy, the
vice president's aides decided to pull back S500,000
in television advertising that had been slated for
Southern states holding primaries on March 14.
Bush set stops today in Colorado, Utah and
Wyoming, where delegates will be picked in pri-
maries and caucuses tomorrow.
After the virtual nationwide primary on Tuesday,
the AP delegate count showed Gore with 1,424 dele-
gates, to 412 for Bradley, out of 2,170 needed for the
nomination.

AP PHOTQN
Republican presidental candidate Texas Gov. George W. Bush addresses news
media at the Govemors Mansion in Austin yesterday with his wife Laura.

Fed says
spending
essentil
to boom.
WASHINGTON (AP) - Federal
-Reserve Board Chairman Alan
Greenspan yesterday warned banks
against lax lending activities on
expectations that the U.S. economic
boom will continue indefinitely.
Many banking institutions see current
*ong economic conditions "as no
longer extraordinary and exceptional
bit rather as ordinary and expected,'
Greenspan told community banks exec-
utives in San Antonio, Texas. Copies of

California voters eny same
sex couples the rght to marry

® Proposition 22 triumphs in
all California regions except
the Bay Area
Los Angeles Times
On a ballot packed with complex, emo-
tional and expensive questions, Californians
on Tuesday showed a conservative mood on
divisive social issues, but were generally
happy in these prosperous times to bankroll
big-ticket items to improve the quality of life
in their own back yards.
The primary voters here gave resounding
support to a measure banning gay marriage.
They also got tough on crime by supporting
much stronger punishments for juveniles con-
victed of violent offenses.
In an important referendum on cam-
paign finance reform, they rejected an
attempt to revolutionize the way politi-
cians are supported in the state, apparent-

ly opposing the measure's call for public
funding of state candidate: and a loophole
that would have allowed millionaires to
spend unlimited amounts sel'-financing
their races.
They also defeated another proposal that
would have made it much easicr for school
districts to increase property taxes.
But large numbers of voters also sifted
through the long list of 2() itiaives domi-
nating the ballot in this bellwsether state and
backed expensive bond measures to
improve their parks, rivers and coastline,
their drinking water, their libraries and vet-
erans' homes.
They overwhelmingly decided to keep
one of the, nation's most expensive taxes
on cigarettes - at 50 cents a pack - to
help fund early child development pro-
grams.
And the voters again supported by wide
margins the appeal by Native Americans to
be able to operate Vegas-style casinos on

their tribal lands - a victory for Indians
that will probably make California the
nation's second-largest gambling state, sur-
passing New Jersey.
Because of its size and diversity, Califor-
nia's electorate of nearly 15 million voters is
often the nation's most influential and most
closely watched, especially in a presidential
election year.
But political analysts warned that Tues-
day's primary results were somewhat
skewed because the fight for the Republi-
can presidential nomination drew a dis-
proportionate number of older, more
conservative, more Republican citizens to
the polls.
"There seemed to be a strong conservative
streak going through most of the initiatives on
the ballot this time, except for the bond mea-
sures, which is a sign of how good voters feel
about the economy," said Mark DiCamillo,
director of California's independent Field
Poll.

the speech text were
"Most
bad loans
%re made
in good
times."

distributed in
Washington.
He said
lending based
on that
assumptian
could have
negative con-
sequences for
the banking
industry's
ability to
w ea t h e r

AP PHO
California State Sen. Pete Knight (R-Palmdale), Proposition
22's author, thanks voters Tuesday for their support.

Alan Greenspan weke Dco-
Federal Reserve nomic condi-
Chairman tions.
"We have
ben growing evidence of credit grant-
ed solely on the expectation that cur-
rent robust conditions will continue
indefinitely, with little thought as to
how borrowers might perform under
more stressful conditions," Greenspan
said.
The U.S. economy has entered a
record 108th straight month of
expansion.
Earlier this week, Greenspan sug-
ested the Fed will tighten its credit
ip further in the coming months
to prevent the economy from over-
heating.
Treasury Secretary Lawrence
Summers has repeatedly called for
banks to avoid making excessive
lending based on lax standards, not-
ing such lending will endanger the
current economic expansion.
"As experienced lenders know all
te well, most bad loans are made in
The good times. Lenders that are not
attentive to this vulnerability are
unlikely to survive in this business,"
Greenspan said.

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