Under Arizona law, Mr. Goldwater had had to give up his Senate seat to run for the Presidency, and so at the moment he was a private citizen-though still, even after his disastrous defeat, the acknowledged leader of the conservative wing of the Republican Party. This rich conversation ranges from the specific and immediate (Medicare, the prospects for the 1968 election) to the general (Has too much power accrued to the Presidency? How can it be curbed?). BG: "I think the country has become pretty much a two-term country. So I think it's pretty much up to the President. If he decides to run again, the chances of the Republicans beating him are not excellent. However, if he keeps on with his lack of success in Vietnam, the downfall of NATO, ... the growing cost of living in our country, the chances get better. But we don't like to win on those kinds of chances."Episode 016, Recorded on June 9, 1966