Now we know it was fact.
"Only months old, the Reagan Administration announced its plans to sell five of the U.S.-made AWACS to Saudi Arabia. The proposal, part of the largest foreign arms sale ever<6> was not received warmly on Capitol Hill where Congressional consent was required. The AWACS proposal was also harshly rejected by Israel and disapproved of by a majority of Americans. Upon formal introduction of the AWACS proposal to Congress in the fall of 1981, many Senators reacted coldly. "This is one of the worst and most dangerous arms sales ever," proclaimed Massachusetts Senator Edward Kennedy. Senator Donald Riegle said, "We are being asked to submit to a kind of blackmail; the price gouging of oil."<7>"
http://en.wikipedia.org/wiki/US/Saudi_AWACS_Sale"Bamieh has told congressional investigators that the Saudi government made a secret deal with the Reagan Administration in 1981 to fund rebel "freedom fighters" in exchange for the right to purchase sophisticated AWACS radar planes.
Bamieh will detail his claims next week to the House Foreign Affairs Subcommittee on Africa, which is looking into covert U.S. aid to the pro- Western guerrillas fighting Angola's Marxist government. The Clark amendment, passed in 1976 and in effect until August 1985, made it illegal for the U.S. to assist the rebels, known as UNITA. Congressional investigators suspect that the Reagan Administration used its Saudi connection to support UNITA, just as it later used the Saudis to help get around the Boland amendment, which banned U.S. aid to the Nicaraguan contras."
http://www.time.com/time/magazine/article/0,9171,964825,00.html"Allegations surfaced that William Casey, director of the Reagan campaign, and some CIA operatives, secretly met with Iranian officials in Europe to arrange for the hostages' release, but not until after the election. If true, some observers aver, dealing with a hostile foreign government to achieve a domestic administration's defeat would have been grounds for charges of treason."
http://www.u-s-history.com/pages/h2021.html... not until after the election my eye.