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Source global Wall Street Journal     time 2022-12-17 15:03:08
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Coupled with our large trade deficit, the budget deficit required us to import tremendous amounts of capital every year to finance our overspending. To attract that kind of money and avoid a precipitous drop in the value of the dollar, we had to keep interest rates far higher than they should have been during the economic downturn that preceded my election. Those high interest rates inhibited economic growth and amounted to a huge indirect tax on middle-class Americans who paid more for home mortgages, car payments, and all other purchases financed through borrowing.

Junior high school brought a whole new set of experiences and challenges, as I began to learn more about my mind, my body, my spirit, and my little world. I liked most of what I learned about myself but not all of it. And some of what came into my head and life scared the living hell out of me, including anger at Daddy, the first stirrings of sexual feelings toward girls, and doubts about my religious convictions, which I think developed because I couldnt understand why a God whose existence I couldnt prove would create a world in which so many bad things happened.

We were shocked but not without hope. Judge Holt and Brooks Hays had gotten slightly more votes between them than the segregationist combo of Johnson and Alford. Also, in one of the more interesting legislative races, a long-serving old-guard House member, Paul Van Dalsem, was defeated by a young, progressive, Yale-educated lawyer, Herb Rule. A couple of years earlier Van Dalsem had infuriated supporters of the rising womens movement by saying women should be kept at home, barefoot and pregnant. That got Herb, later Hillarys partner at the Rose Law Firm, an army of female volunteers, who dubbed themselves Barefoot Women for Rule.

In the fall campaign, my opponent was a cattleman and the chairman of the state Republican Party, Lynn Lowe. The race was uneventful except for the press conference on the steps of the Capitol in which his campaign accused me of being a draft dodger. I referred them to Colonel Holmes. I won the election with 63 percent of the vote, carrying sixty-nine of the seventy-five counties.

I was surprised at the conservative opposition, since all our military leaders strongly supported the CWC, but it reflected the rights deep skepticism about international cooperation in general and its desire to maintain maximum freedom of action now that the United States was the worlds only superpower. Near the end of the month, I reached an agreement with Senator Lott to add some language that he felt strengthened the treaty. Finally, with Lotts support, the CWC was ratified, 7426. Interestingly, I watched the Senate vote on television with Japanese prime minister Ryutaro Hashimoto, who was in town to meet with me the next day, and I thought he would like to see the ratification after what Japan had suffered in the sarin gas attack.

On the day before the speech, I sat down with Jim Lehrer of PBSs NewsHour for the first time since our interview two years earlier, right after the storm over my deposition broke. After we went through the achievements of the administration over the previous seven years, Lehrer asked me if I was worried about what historians were going to write about me. The New York Times had just published an editorial saying historians were beginning to say I was a politician with great natural talent and some significant accomplishments who had missed the greatness that once seemed within his grasp.


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