This document is from the collections at the Dole Archives, University of Kansas. http://dolearchives.ku.edu

,. ..f

2~. ''87

:.

.... CO ME S TO Till S H .OO" TII.~T r:; OVER TilE i_\ Uio GET , Of.: SOME N~: \\ PR OGR;\ .'1 THAT IS GOING ro IN C R~A SE SPEND IN G, W~ NEE D T O S~ T AN EXA M PL~ RY 1821! L Street. N.W. • VOTING AGAINST IT. Washi~gto~ . be 12021 221-9400 I UNDERSTAND THAT SO FAR , THE TALLY IN THE RE CONC!LI.ATION ITDDI1 202 1221-9~00 BILL IS $1.5 BILLI ON IN SAVINGS AND Sll BI LLI ON IN NEW TAXES--ANI > THAT IS IT. I WOULD GUESS THAT IS NOT TH E ANSWER THE STO CK MARKET IS WAITING TO HEAR, THAT WE ARE GOING TO Ril lS £ TAXES. IN THE FINAL !\NALYSIS, SO MEO NE liA S TO PR OVIDE THE LEADER Sf'IP , SOMEONE HAS TO TAKE CHARGf., SOMEONE HAS TO PR OVIDE A FORUM SO THAT WE CAN DISCUSS P R OBL~MS AFFECTING THE MARKET AND MAYBE FIN D OUT WHAT SOME OF THE ANSWERS ARE. A CALL FOR CALM IN THE STOCK MARKET STORM IN THIS COUNTRY THERE IS ONLY ONE PERSON WHO C.~N PROVIDE THAT STATEMENT ON THE SENATE FLOOR LEADERSHIP, AND THAT IS THE 2RESIDENT Of THE UNITED STATES. I ASSUME RIGHT ~OW THE PRESIDENT OF THE UNITED STATES MAY BE l October 19, 1987 LOOKING AT OPTIONS ON WHAT HE MIGHT ' DO. .1 MR. PRESID ENT: HE COULD CONVENE A MEETING OF CONGRESSIONAL L~ADERS, BUT I DOUBT THAT WOULD BE ENOUGH. IT SEEMS TO ME THAT WE NEED TO REACH THE STOCK MARKET FALL IS SERIOUS. I HAV E ALREADY READ ABO UT OUT AND BRING IN EXPERTS FROM THE BUSINESS COMMUNITY, FROM WALL 25 DIFFERENT REASONS BY EXPERTS AS TO WHY IT HAPPENED. I HAVE STREET, AND MAYBE EVEN LEADERS FROM AROUND THE WORLD. WATCHED THEM ON TELEVISION AND I HAVE HAD SOMEONE CHECK WITH A I ASSUME THERE WILL BE A NUMBER OF SOLUTIONS OFFERED TODAY; NUMBER OF EXPERTS AROUND THE COUNTRY. PROBABLY RESOLUTIONS THAT WILL CLEAR IT ALL UP IF WE JUST VOTE I AM NOT CERTAIN THAT WE REALLY KNOW AT THIS POINT WHY THIS "AYE". HAS HAPPENED. BUT I DO KNOW THAT THINGS WE SAY IN THIS BODY, OR I DO BELIEVE THAT DEFICIT IS PUBLIC ENEMY NUMBER ONE AND HAS SAY AS A GROUP, MIGHT AFFECT THE MARKET EVEN MORE. BEEN FOR THE PAST SEVERAL YEARS. IT IS NOT GOING TO GO AWAY. IT SO IT SEEMS TO ME THAT, FIRST OF ALL, IT IS TIME FOR A LITTLE IS GOING TO TAKE A WILLINGNESS ON THE PART OF REPUBLICANS AND CALM IN THE BODY POLITIC. BECAUSE SOMETIMES WE MAKE STATEMENTS DEMOCRATS AND THE PRESIDENT TO MAKE SOME HARD CHOICES. BUT I AM WITHOUT MUCH KNOWLEDGE. KNOWLEDGE IS NOT ALWAYS A REQUIREMENT IN NOT CERTAIN WHEN THAT WILL COME. AT LEAST, WE HAVE HAD AN EARLY OUR BUSINESS. BUT WHAT WE SAY COULD HAVE AN IMPACT ON WHAT MIGHT WARNING. HAPPEN IN THE MARKET. THE DEFICIT MAY NOT BE THE ONLY CAUSE, AND I DO NOT WANT TO I HAVE HEARD THAT IT IS THE FED'S FAULT. HAVE HEARD THAT SUGGEST THAT THAT IS THE ONLY CAUSE, ALTHOUGH THAT IS WHAT MANY IT IS THE FAULT OF CONGRESS. I HAVE HEARD THAT IT WAS THE TAX PEOPLE ARE POINTING AT. BILL APPROVED BY THE WAYS AND MEANS AND FINANCE COMMITTEES LAST I AM CERTAINLY WILLING TO ACCOMMODATE WHATEVER THE PRESIDENT WEEK. I HAVE HEARD THAT IT I S THE DEFICITS WE HAVE REFUSED TO MAY WISH TO DO WITH RESPECT TO EXPRESSING CONCERN, PROVIDING DEAL WITH IN CONGRESS. I HAVE HEARD THAT IT IS THE FAULT OF THE LEADERSHIP, AND TRYING TO FIND A SOLUTION. IT MAY NOT BE EASY. WHITE HOUSE. I HAVE HEARD THAT IT IS A NUMBER Of OTHER THINGS: MAYBE IT IS AN OVERREACTION AND AN OVERCORRECTION. AND MAYBE IT THAT STOCKS HAVE BEEN OVERVALUED, THAT WE HAVE BEEN LIVING ON A WILL WORK ITSELF OUT--ALTHOUGH PERHAPS NOT AT THE SAME LEVEL. CREDIT CARD ECONOMY. EVEN THE TREASURY HAS BEEN FAULTED FOR SOME SO IT IS NOT ALL DOOM AND GLOOM. THE ECONOMY IS SOUND. IT OF ITS ACTIONS. SO I GUESS THAT NOBODY REALLY KNOWS AT THIS IS NOT 1929. INFLATION IS LOW. INTEREST RATES ARE NOT TOO BAD. POINT WHY IT HAPPENED, WHEN IT DID, OR WHAT WILL BE THE ESSENTIALLY, WE HAVE A VERY SOUND ECONOMY, THAT IS THE BASIC AFTERMATH. DIFFERENCE BETWEEN NOW AND 1929. THAT IS WHY I THINK PERHAPS I ASSUME THAT AFTER 2 OR 3 DAYS, THERE IS GOING TO BE A TURN THERE WILL BE SOME WAY TO WORK IT OUT. AND THE MARKETS WILL START SOLIDIFYING AND MAYBE EVEN START GOING BACK UP AGAIN. -30- I THINK YESTERDAY'S EVENTS SHOULD SEND A SIGNAL TO THOS E Of US IN CONGRESS NOT TO PASS ANY MORE BIG SPENDING BILLS FOR A WHILE, TO HAVE A MORATORIUM ON SPENDING BI LL S . If SOMETHING

!,, ::I[' \ : 1 •I t '! I!< · :, · · l I' I ' ll'•!

DAVID YEPSEN On Capitol Hill

OM VILSACK leaned against they have a cultural affinity that en· the wall of the Joe Biden head· abies them to instinctively know how T quarters in Des Moines recenlly to work a crowd with techniques like and watched his presidential candidate son-sells and self-effacing humor. It say goodbye. Without Biden, he was doesn't guarantee a win, but it helps worried about the Democrats" winning them know which buttons to push. 6 Topeka Capital-Journal, Monday, October 19,1987 the November election. It's subtle stuff that's hard to quanti· "I hope the Republicans don"t nomi­ fy with anything but anecdotes, but nate Bob Dole." he grumbled. "He's when they walk into a hall they know pretty popular down in southeast something about the political culture Dole sees GOP race as class struggle Iowa.'" they are working. A few days earlier, a friend active in ll 's been evidenced before. South Planned Parenthood expressed a re­ Dakota's George McGovern turned in By DONALD M. ROTHBERG Senate while describing a rural Kansas upbring­ roots strength 1s impossible to assess. Dole gets spect for Dole. And at a recent Iowans a strong second-place showing in Iowa ·\I' l 'HIIIIt .II \\ Ill~ ·r ing that fits this Midwest state like a pair of bib mixed reviews. for L.l.F.E. convention. Dole won in 1972; farmer Jimmy Carter under· overalls. Never. mind that Dole is financially June Ryan. a former Jasper County Republican hearty applause for a tough anti-abor­ stood rural roots in 19i6 and 1980; and comfortable now. chairman. greeted people as they filed into the tion speech. Carolyn Thompson, the Minnesotan Walter Mondale played tu ES MOINES. Iowa - As Bob Dole sees it. the Dole calls the contest a two-man race between auditorium. many of whom had been bused to the president of the group. said Dole made it in 198·1 . DGOP presidential race is a class struggle of himself and Bush, an assessment that may under· school from the Maytag plant a big impact. • sorts. a contest between the Airstream trailer estimate the competition . by one. former tele­ " People seem to want to get to meet him a nd These are onlv anecdotes, but thev il· Dole appears so tough in Iowa tho! it candidate and the country club Republican with a vision evangelist Pat Robertson. A straw poll of see what he has to say.'' she said of Dole. Iustrate the depth of Dole's support . wouldn't be surprismg to see the fancy summer home in Kennebunkport. Maine. GOP activists who showed up at a fund-raising Does the senator have much of an organization One doe;n't ohen hear people in such George Bush forces try to back off "We're going to take our campaign to the peo· event in Ames was won handily by Robertson. in the county'! diverse political factions say nice Iowa and try to let Pat Robertson wm pie ... Dole said during a recent campaign stop. "'If Dole fini shed second and Bush third. " I can't say," replied Ryan. although she could things about the same politic1an. And here. A Robertson "'win'" in Iowa they live in a trailer. that's fine with us. Not As Bush tried to explain his poor showing last dte a Bush organization and one for Rep. Jack based on that anecdotal evidence, it's would: I) discredit the caucuses as cv~ry body lives in Kennebunkport.·· week. he fell right into the Class trap that Dole Kemp of New York. easy to see how Dole could be the dis· events that can be manipulated by rx­ One who does spend time there in a luxurious has so carefully cultivated. "A lot of people that Dave Roederer. political aide to GOP Gov. tance runner in the 1988 race. He's tremists and 2) deny Dole a "in. summer home overlooking the ocean is Vice support me. they were off at th~ air show, they Terry Branstad, said "l"m getting mixed signals"· liked by GOP conservatives, accept· For Bush, a loss in IO\I.:a would be an President George Bush. on Dole's organization. able to moderates. and liked by enough embarrassment. For Dole, it could Republi<:ans from around the country have Early on. he said, Bush was way ahead organi· liberal independents to pick off a few prove fatal. If Bush can't Y.in . then de· been invited to visit the vi<:e president in Maine Analysis zationally. But Roederer said he was impressed of their votes. nying Dole a v.in could easily become and after one such weekend a Bush aide sneered. that Dole outpolled Bush in the Ames straw poll. Why 1s he doing so well' He evokes the priority fo r the Bush forces. "' What's Bob Dole going to do? Rent a trailer and Bonnie Lellerd. the Pocahontas County Repub­ competence and leadership, cam· • invite all the New Hampshire police chiefs down were off at their daughter's coming-out party. or lican chairman. is supporting Bush. But she said a paigns extensively in the state. conveys to see him in his Air.itrcam?" they were off teeing up on the golf course,'" the lot of farmers in her rural county ··are tuning an "I'm one of you" message that Dole took the bait. He rented an Airstream. vice president said. into Dole's mess age, but who. in fact, aren't going works well and possesses a self-depre· parked it front or a Jaw enforcement conference Listen to Dole speak to om audience like one to come to caucus. have never come to caucus. eating sense of humor that is appeal· in Iowa. and invited reporters to stop by and that filled the Newton High School auditorium probably are not going to start now unless a Dole ing. In Iowa, a lot of Chuck Grassley chat. one weckdav afternoon and it's clear he has a orgamzatwn really gets tight and into place and campaign-staff people have followed · When he talks about Bush. Dole's voice turns bette r unde~standing or how to relate lo lowcms. gets them to caucus." their boss in supporting Dole and those sharp. reminiscent of 1976 when he did himself no ''I'm from Russell. Kan .. and proud of it ... he Lefferd agreed with others that Elizabeth Dole are people who know a thing or two good as Gerald Ford's running mate. Bush seems told them. He talked of his 27 years of Service on is very popular in the state. about winning primaries. to bring out the side of Dole that prompted him to the House and Senate Agriculture committees. he "There's an interesting debate going on.'' she But it's the acceptability factor that is ierer to '" Democrat wars" during a debate with recalled how his grandparents were tenant farm· said. '"If you like Liddy Dole better than Bob Dole's biggest asset. When it comes Walter F . Mondale. ers and ended up broke during the Depression and Dole. if you nominate Bob Dole. can Liddy still be time to stitch together the GOP after "We 're from small towns. '" the senator told 35 forced to accept welfare. vice president?" the nomination fights and when it people in Fort Madison. a Mississippi River town Dole plays so well in Iowa that he now must A questioner in Newton complained about the comes time Ia compile enough elector· in the southeast comer of the state. " And most of worry about expectations becoming unrealistical­ length of the presidential campaigns and asked if al votes to win an election. only Dole is us had to work to get where we are ... ly high. the country wouldn't be better off emulating the now showing enough diversity of sup­ He went on: "Gelling where I've gotten wasn't Steve Roberts. Dole's Iowa campaign chair· 8ntish. who ele("t their leaders after a six-week port to be able to argue that he can be<: a use of any wealth in my family or because I man, is still trying to live down being quoted as campaign. '"put it all together.'" had a powerful father or mother. My parents saying the senator had to carry Iowa. '" A lot of the people running for president are Planned Parenthood and Iowans for never finished high school and they were never As the first presidential campaign test in the only known by about 25 or 30 percent of the L.l.F.E.?There may be a winner here. interested in politics ... nation. Iowa puts a premium on organization. on people ... responded Dole. Bush's family has blue-blood wealth: his father the ability to get supporters out to 2.490 caucuses .. I'm known by about 70 percent.'' he added • on a February night in the dead of winter. Speaking of Dole doing well in Iowa. was a U.S. senator. "but ha lf of them think it's Elizabeth. You men· At his campaign best. Dole succeeds in project· Iowa Republicans agree that Bush has the twn the word Dole and you can get pineapple it's worth noting how too li11le is oflen strongest organization and that Robertson's grass made of the Midwestern connections ing his Washington clout as GOP leader of the juice. Bob or Elizabeth in that order." of three of the leadmg prt'Stden ttal C. l. ll· dtdates m Iowa. One reason Dole. Paul Simon of llli· nois and Richard Gephardt of Missouri are doing so w~ll in th~ state is that · David Yepsen is The Register's chief political writer. ·