Oh I think the facts support my previous post quite well thank you.
In the late 1970s and early 1980s, the Middle East faced frequent hostage-taking incidents by organizations. In 1979, Iranian students took hostage 63 employees of the United States embassy in Iran. On January 20, 1981, the day Ronald Reagan became President, the hostages were freed following the Algiers Accords. Hostage taking in the Middle East did not end there, however. In 1983, members of Al-Dawa ("The Call"), an exiled Iraqi political party turned militant organization, were imprisoned for their part in a series of truck bombs in Kuwait. In response to the imprisonment, Hezbollah, an ally of Al-Dawa, took 30 Western hostages, six of whom were American. Hezbollah demanded the release of the prisoners for these hostages. Members of the Reagan Administration claim they believed that by selling arms to Iran, Iran would influence the Hezbollah kidnappers in Lebanon to release their hostages. At the time, Iran was in the midst of the Iran-Iraq War and could find few western nations willing to supply it with weapons. The sale of arms would also, according to National Security Adviser Robert McFarlane, improve strained relations with Iran. For that reason, weapons were transferred to Iran.
Michael Ledeen, a consultant of Robert McFarlane, asked Israeli Prime Minister Shimon Peres for help in the sale of arms to Iran. The general idea behind the plan was for Israel to ship weapons to Iran, then the US would reimburse Israel with the same weapons. The Israeli government required that the sale of arms meet high level approval from the United States government, and when Robert McFarlane convinced them that the U.S. government approved the sale, Israel obliged by agreeing to sell the arms. Reagan approved McFarlane's idea to reach out to Iran on July 18, 1985 while in a hospital bed recovering from cancer surgery. In July 1985, Israel sent American-made BGM-71 TOW (Tube-launched, Optically-tracked, Wire-guided) anti-tank missiles to Iran through an arms dealer named Manucher Ghorbanifar, a friend of Iran's Prime Minister. One hostage, reverend Benjamin Weir was subsequently released; despite the fact that arms were being sold to Iran, only Weir was released. This resulted in the failure of Ledeen's plan with only three shipments through Israel.
Subsequent dealings
Robert McFarlane resigned in December 1985. He was replaced by Admiral John Poindexter. On the day of McFarlane's resignation, Oliver North, a military aide to the United States National Security Council (NSC), proposed a new plan for selling arms to Iran. This time, there were two new ideas. Instead of selling arms through Israel, the sale was to be direct. Second, the proceeds from the sale would go to the Contras at a markup. Oliver North wanted a $15 million markup, while contracted Iranian arms broker Manucher Ghorbanifar added a 41% markup of his own. Other members of the NSC were in favor of North's plan. John Poindexter authorized the plan, and it went into effect.
At first, the Iranians refused to buy the arms at the inflated price because of the excessive markup imposed by North and Ghorbanifar. In February 1986, 1000 TOW missiles were shipped to Iran. From May to November 1986, there were additional shipments of miscellaneous weapons and parts. Reagan claimed that the total of all arms sales was less than a planeload.
Aftermath
Oliver North and John Poindexter were indicted on multiple charges on March 16, 1988. North, indicted on 16 counts, was found guilty by a jury of three minor counts. The convictions were vacated on appeal on the grounds that North's Fifth Amendment rights may have been violated by the indirect use of his testimony to Congress which had been given under a grant of immunity. In 1990, Poindexter was convicted on several felony counts of lying to Congress, obstruction of justice, conspiracy, and altering and destroying documents pertinent to the investigation. His convictions were also overturned on appeal on similar grounds. The Independent Counsel, Lawrence E. Walsh, chose not to re-try North or Poindexter. Weinberger was indicted for lying to the Independent Counsel but was later pardoned by President George H.W. Bush.
Faced with undeniable evidence of his involvement in the scandal, Reagan expressed regret regarding the situation at a nationally televised White House press conference on Ash Wednesday, March 4, 1987. Responding to questions, Reagan stated that his previous assertions that the U.S. did not trade arms for hostages were incorrect. He also stated that the Vice President knew of the plan.
Reagan survived the scandal, and his approval ratings returned to previous levels; as the scandal broke in 1986, "Reagan's approval rating plummeted to 46%", but he later "finished strong with a December 1988 Gallup poll recording a 63% approval rating".
