Richard Nixon was accused of being corrupt because some supporters back in the 1950s set up a fund he could use for political purposes. When it came out about this fund, it was touted as corruption. Nixon’s political career was on the line. He was chosen as Vice President by Ike who was a general and felt he needed a political running mate.
At the time, then Senator Richard Nixon gave his famous Checkers speech on September 23, 1952. Nixon exposed every account, what he made, and what he owed. He said his wife did not own a mink coat like the Democrats. He went directly to the people to dispel the false rumors. He said the only gift he ever took was a puppy for his children then named checkers. He said he would not return that dog and take it away from his children regardless of the allegation it was a political gift.
This post was published at Armstrong Economics on Aug 15, 2016.
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