Obviously, it's a great privilege and pleasure to be here at the Yale Law School Sesquicentennial Convocation. And I defy anyone to say that and chew gum at the same time.

The political lesson of Watergate is this: Never again must America allow an arrogant, elite guard of political adolescents to by-pass the regular party organization and dictate the terms of a national election.

The old question still remains: Can a free people restrain crime without sacrificing fundamental liberties and a heritage of compassion?

It's discouraging how hard it is for a President to slice away large chunks of a $305 billion budget.

In all my public and private acts as your president, I expect to follow my instincts of openness and candor with full confidence that honesty is always the best policy in the end.

I would hope that understanding and reconciliation are not limited to the 19th hole alone.

I know I will go to hell, because I pardoned Richard Nixon.