“The Most Marketable Political Commodity”: Oliver North, Iran-Contra, and American Domestic Politics

From Oliver North's congressional testimony in 1987 to his near-successful Senate run in 1994, this article assesses the significance of the Iran-Contra scandal to the American domestic political landscape. It positions Iran-Contra at a transitional moment in right-wing politics, torn between loyalty to Reagan on one hand and the combativeness of the 1990s’ New Right on the other. In four stages—denial, fame, fundraising, and forgetting—defenders of North set forth a model of how ascendant forces in the New Right would, post-Reagan, transform scandal into political capital. Iran-Contra provided grist for media outlets that demonized the mainstream media, voters and members of Congress who excused criminality, and two White Houses who longed to forgive and forget. Thus can the historiography of American conservatism, currently in full bloom, begin to reckon with Iran-Contra's place in domestic politics.