Vanderbilt Television News Archive

(Studio) Walter Mondale's reaction to President Reagan's denial of plans to raise taxes to counter rising federal budget deficit quoted.
REPORTER: Dan Rather

(Santa Barbara, California) [REAGAN - interprets his victory as mandate; denies plans for tax increase to counter deficit; claims "safety net" will be maintained; won't make himself accessible to press during second term.] [campaign. director Edward ROLLINS - thinks American public has repudiated Humphrey-Mondale-Johnson liberalism.] [Conservative fund-raiser Richard VIGUERIE - believes real battle is for the heart and mind of Reagan.] Viquerie and other right-wing Republicans noted feeling Reagan is too moderate and seek replacements of his key staff mbrs. with their own kind. Chief of staff James Baker mentioned; indications that no shift of priorities are planned in President `s second term noted.
REPORTER: Bill Plante

(DC) [MONDALE - has no plans for seeking any further elective office; discusses factors contributing to his defeat.]
REPORTER: Susan Spencer

(Studio) Republican Congress losses summarized.
REPORTER: Dan Rather

(DC) Implications for Reagan and public of Republican showing in Congress races discussed; current Republican and Democrat seats in Senate and House listed on screen. Victories of Democrats Paul Simon, Albert Gore, Junior, Tom Harkin, Jay Rockefeller, John Kerry, retirement of Senator Howard Baker, defeat of Republicans Charles Percy, possibly replaced as chairperson of Senate Foreign Relations Committee by Jesse Helms, discussed.
REPORTER: Bob Schieffer