A splendid conversation between two old pros, starting with WFB's question, "What is it about Bill Clinton that makes him a moderate?" and going on to school choice, taxation, welfare, and much else. One sample from Mr. Shrum: "If we were going to be dispassionate I would tell you that what this election reminds me of is the 1980 election. We have a President who has severe economic problems; who appeared to have a big success in the Middle East, which is now a very modified success at best....And the Republican tack here is to assault the character of the Democratic nominee-very similar, I think, to what was going on with Reagan in 1980 when we were being told that he had an unnatural affinity for pushing the button and starting a nuclear war."