Iran Contra happened, yes, but the liberals will not tell the real story. Oliver North sold obsolete weapons to the Ayatollah at an extremely inflated price. He paid the U.S. government for the weapons (tow missiles), and gave the profit to the Contra rebels in Nicaragua, who were fighting the communist Sandanistas (financed by the Soviet Union). They had overthrown Somoza and installed puppet Daniel Ortega.
The money from the weapons sale was enough to keep the communists at bay until Reagan could collapse the economy of the Soviet Union. The result? The U.S.S.R. fell apart, the wall came down, and there were free elections in Nicaragua.
To protect Reagan, North, Poindexter, Casey, and several others took the fall (they should have been given medals). This is one of a number of ways Reagan won the cold war and eliminated the biggest threat to peace in the 20th century (nuclear war with the U.S.S.R.).
Bill Clinton, on the other hand, gave sensitive nuclear technology to the communist Chinese after they funded his re-election campaign. There's no comparison.
