As Americans, we should be frightened — deeply afraid for the future of the nation. When good men and women can’t speak the truth, when facts are inconvenient, when integrity and character no longer matter, when presidential ego and self-preservation are more important than national security — then there is nothing left to stop the triumph of evil.

I thought a lot about our Nation and what I should do as President. And Sunday night before last, I made a speech about two problems of our country — energy and malaise.

If leaders exploit public fears to herd people in directions they might not otherwise choose, then fear itself can quickly become a self-perpetuating and freewheeling force that drains national will and weakens national character, diverting attention from real threats deserving of healthy and appropriate fear and sowing confusion about the essential choices that every nation must constantly make about its future.

The perspective is that we are a sick nation. We must take a social-psychiatric perspective on the healing of the nation.

Because social stability and national harmony were being undermined by the recent continuing demonstrations and strife over the constitutional issue, I believe that you, my fellow countrymen, not only experienced serious inconvenience and anxiety but were also worried that catastrophe might befall the nation if that state of affairs continued.

I am frightened by the imbalance, the constant striving to reach the largest possible audience for everything; by the absence of a sustained study of the state of the nation.

My own belief is that the policy of the present Opposition would lead to national ruin and consequent distress and suffering such as this country has never yet seen and the severity of which is immeasurable. The prospect of this disaster is a national danger, and our object should be to secure a Government with strength and authority to avert it. For this purpose it is essential to support the policy of economy and sound finance... [T]he position of finance and currency is the national danger: that economy and sound finance and the national crisis should be the paramount issue put before the country. If this is done, I have no doubt that the steady, strong sense of the national character can be relied on to save the country.

At the vital moment there seems to be a failure of leadership, and also a failure of the general human spirit among the peoples. I hope I am wrong, but I have a sense of impending calamity, a fear that the war was only the vanguard of calamity ... I cannot look at that draft treaty without a sense of grief and shame.