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(Studio: Dan Rather) Report introduced.
(DC: Lesley Stahl) Feared impact on President Reagan and United States presidency of US-Iran arms scandal considered; scenes shown. Vietnam policy's damage to Lyndon Johnson, Richard Nixon's downfall from Watergate and Jimmy Carter's loss due to Iran hostage crisis recalled. [Representative Dick CHENEY - explains potential impact on Reagan's effectiveness.] [Historian Arthur SCHLESINGER - agrees.] Questions about Reagan's competence raised by his professed ignorance about operation cited. [Hodding CARTER - notes President can't escape consequences.] [Theodore SORENSEN - cites lesser of two evils faced by Reagan.] [CHENEY - expects President's foreign policy efforts to face resistance now.] [SORENSEN - feels presidency itself is in trouble.]
- Rather, Dan;
- Stahl, Lesley
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