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November

02

1982

November 02, 1982



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Diary Entry - 11/02/1982

Tuesday, November 2, 1982

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Election day! Harry Byrd yesterday virtually endorsed our candidate as his successor. I’d called him to ask if he would. He explained his son was working our man Tribble as were all of his associates & his papers had endorsed him. But he didn’t think it was right for him to—in a sense name his successor. Well he must have changed his mind. I didn’t have time today to think about the election. An N.S.C. briefing by Tom Reed on the MX. Then an N.S.C. meeting on the new credit lines etc. were trying to get our allies to go along. If they do we can lift much of the pipeline sanction as unnecessary in light of the new restrictions. We’re close but France is holding out on one paragraph. Then a briefing on our upcoming budget situation. We really are in trouble. Our one time projections—pre recession are out the window & we look at $200 bil. deficits if we cant pull some miracles. Speaking of miracles & such the mkt. went up more than 20 pts. A briefing on our Cabinet Council on the ec. & things are really looking up. Had lunch with Paul Laxalt—just back from Africa. Tonite a gang coming in for buffet & to watch the election returns. It was a nice evening & turned out alright—some disappointments & some bell ringers. Lost 25 in house—had to expect that & it could have been worse. Held the Senate 54-46. Millicent Fenwick lost—I’m sorry. But high spot—we won Gov. & Senator in Calif. Bye Bye Brown.