as an obstacle to accountability, I said I thought the NEA was doing better on that score and reminded him that Al Shanker, leader of the other big teachers union, the American Federation of Teachers, supported both accountability and values education.
Unfortunately, my relationship with Bill Bennett didn’t fare well after I became President and he began promoting virtue for a living. Although he had once inscribed a book to me with the words “To Bill Clinton, the Democrat who makes sense,” he apparently came to believe that either he had been wrong or I had lost whatever sense I had when he wrote those words.
Around the time of the
I had to file the testimony rather than give it in person, because the hearings were delayed and I had to leave for a trade mission to Europe. In late October, the Senate rejected the Bork nomination, 58–42. I doubt that my testimony influenced a single vote. President Reagan then nominated Judge Antonin Scalia, who was as conservative as Bork but hadn’t said and written as much to prove it. He sailed through. In December 2000, in the case of
vote, the Supreme Court gave the election to George W. Bush, partly on the ground that the outstanding disputed ballots couldn’t be counted by midnight of that day as Florida law required. Of course not: the Supreme Court had stopped the counting of legal votes three days before. It was an act of judicial activism that might have made even Bob Bork blush.
After the trade mission, Hillary and I joined John Sununu and Governor Ed DiPrete of Rhode Island for a meeting with our Italian counterparts in Florence. It was the first trip to Italy for Hillary and me, and we fell in love with Florence, Siena, Pisa, San Gimignano, and Venice. I was also fascinated by the economic success of northern Italy, which had a higher per capita income than Germany. One of the reasons for the region’s prosperity seemed to be the extraordinary cooperation of small-business people in sharing facilities and administrative and marketing costs, as northern Italian artisans had been doing for centuries, since the development of medieval guilds. Once more I had found an idea I thought might work in Arkansas. When I got home, we helped a group of unemployed sheet-metal workers set up businesses and cooperate in cost-sharing and marketing as I had observed Italian leatherworkers and furniture makers doing.
In October, America’s economy took a big jolt when the stock market fell more than 500 points in one day, the biggest one-day drop since 1929. By coincidence, the richest man in America, Sam Walton, was sitting in my office when the market closed. Sam was the leader of the Arkansas Business Council, a group of prominent businesspeople euphemistically known as “the Good Suit Club.” They were committed to improving education and the economy in Arkansas. Sam excused himself to see what had happened to Wal-Mart stock. All his wealth was tied up in the company. He’d lived in the same house for decades and drove an old pickup truck. When Sam came back, I asked him how much he’d lost.
“About a billion dollars,” he said. In 1987, that was still a lot of money, even to Sam Walton. When I asked him if he was worried, he said, “Tomorrow I’m going to fly to Tennessee to see the newest WalMart. If there are plenty of cars in the parking lot I won’t be worried. I’m only in the stock market to raise money to open more stores and to give our employees a stake in the company.” Almost all of the people who worked for Wal-Mart owned some of its stock. Walton was a stark contrast to the new breed of corporate executives who insisted on big pay increases even when their companies and workers weren’t doing well, and on golden parachutes when their companies failed. When the collapse of many stocks in the first years of the new century exposed a new wave of corporate greed and corruption, I thought back to that day in 1987 when Sam Walton lost a billion dollars of his wealth. Sam was a Republican. I doubt he ever voted for me. I didn’t agree with everything Wal-Mart did back then and I don’t agree with some of the company’s practices that have become more common since he died. As I said, Wal-Mart doesn’t “buy American” as much as it used to. It’s been accused of using large numbers of illegal immigrants. And, of course, the company is anti-union. But America would be better off if all our companies were run by people dedicated enough to see their own fortunes rise and fall with those of their employees and stockholders.
I ended 1987 with my third speech of the decade at the Florida Democratic convention, saying as I always did that we had to face the facts and get the American people to see them as we did. President Reagan had promised to cut taxes, raise defense spending, and balance the budget. He did the first two but couldn’t do the third because supply-side economics defies arithmetic. As a result, we had exploded the national debt, failed to invest in our future, and allowed wages to decline for 40 percent of our people. I knew the Republicans were proud of their record, but I looked at it with the perspective of the two old dogs watching young kids break-dancing. One old dog says to the other, “You know, if we did that, they’d worm us.”
I told the Florida Democrats, “We have to do nothing less than create a new world economic order and secure the place of the American people within it.” The central arguments I made were “We’ve got to pay the price today to secure tomorrow” and “We’re all in it together.”
In retrospect, my speeches in the late eighties seem interesting to me because of their similarity to what I would say in 1992 and what I tried to do as President.
In 1988, I traveled to thirteen states and the District of Columbia to speak on topics about evenly divided between politics and policy. The policy speeches mostly concerned education and the need for welfarereform legislation, which we were hoping would pass the Congress by the end of the year. But the most important political speech for my future was one called “Democratic Capitalism,” which I delivered to the Democratic Leadership Council in Williamsburg, Virginia, on February 29. From then on, I got more active in the DLC, because I thought it was the only group committed to developing the new ideas Democrats needed both to win elections and do right by the country. In Williamsburg, I spoke about the need to make access to the global economy “democratic”—that is, available to all citizens and communities. I had become a convert to William Julius Wilson’s argument, articulated in his book
Governor Dukakis was moving to secure the Democratic nomination for President. A couple of weeks before our convention opened in Atlanta, Mike asked me to nominate him. He and his campaign leaders told me that, though he was leading in the polls against Vice President Bush, the American people didn’t know him very well.