My life

I had to leave San Francisco early to return to Arkansas to recruit a high-tech industry for our state. In the end it didn’t pan out, but I couldn’t have done any good staying in California anyway. We were headed for defeat. The economy was rebounding and the President told us it was “morning again in America,” while his surrogates sneered at those of us on the other side as “San Francisco Democrats,” a not-so-veiled allusion to our ties to the city’s large gay population. Even Vice President Bush fell into the macho mode, saying he was going to “kick a little ass.”

In the November election, Reagan defeated Mondale 59 to 41 percent. The President won 62 percent of the vote in Arkansas. I received 63 percent in my race against Woody Freeman, an appealing young businessman from Jonesboro.

After our family enjoyed Chelsea’s fifth Christmas and our second Renaissance Weekend, it was time for a new legislative session, this one devoted to modernizing our economy. Even though the overall economy was improving, unemployment was still high in states like Arkansas that were dependent on agriculture and traditional industries. Most of America’s job growth of the eighties came in the high-technology and service sectors, and was concentrated in and around urban areas, primarily in states on or near the East and West coasts. The industrial and agricultural heartland was still in bad shape. The pattern was so pronounced that people began to refer to America as having a

“bicoastal” economy.

It was obvious that in order to accelerate job and income growth, we had to restructure our economy. The development package I presented to the legislature had some financial components that were new to Arkansas but already in place in other states. I proposed to broaden the state’s housing agency into a Development and Finance Authority that would be able to issue bonds to finance industrial, agricultural, and small-business projects. I recommended that the state’s public pension funds set targets of investing at least 5 percent of their assets in Arkansas. We were a capital-poor state; we didn’t need to export public funds when there were good investment options at home. I recommended allowing state-chartered banks to hold assets they foreclosed on for longer periods of time, primarily to avoid dumping farmland in an already depressed market, which would make it even harder for farmers to hold on. I also asked the legislature to allow state-chartered banks not only to lend money, but also to make modest equity investments in farms and businesses that couldn’t borrow any more money, with the provision that the farmer or small-business person had a right to buy the bank out within three years. Other farm-state governors were especially interested in this bill, and one of them, Bill Janklow of South Dakota, passed a version of it through his legislature.

The economic proposals were innovative but too complex to be well understood or widely supported. However, after I made appearances at several committee hearings to answer questions and did a lot of one-on-one lobbying, the legislature passed them all.

More than a decade after the U.S. Supreme Court decision in Roe v. Wade authorized it, our legislature banned abortions performed in the third trimester of pregnancy. The bill was sponsored by Senator Lu Hardin of Russellville, a Christian whom I liked very much, and Senator Bill Henley, a Catholic who was Susan McDougal’s brother. The bill passed easily, and I signed it into law. A decade later, when congressional Republicans were pushing a bill to ban so-called partial-birth abortions with no exemption for the health of the mother, I urged them instead to adopt a federal statute banning late-term abortions unless the life or health of the mother was at stake. Because several states still hadn’t passed laws like the one I signed in 1985, the bill I proposed would have outlawed more abortions than the bill banning the partial-birth procedure, which normally is used to minimize damage to the mother’s body. The GOP

leadership turned me down.

Besides the economic package and the abortion bill, the legislature adopted my proposals to set up a fund to compensate victims of violent crime; strengthen our efforts to reduce and deal with child abuse; establish a fund to provide health care for indigents, mostly poor pregnant women, not covered by the federal Medicaid program; make Martin Luther King Jr.’s birthday a state holiday; and create a program to provide better training for school principals. I had become convinced that school performance depended more on the quality of a principal’s leadership than on any other single factor. The years ahead only strengthened that conviction.