Bill Clinton: “Well, that's right. So if they do even worse, then they'll have to pay a price for their irresponsible conduct. The…”

“Well, that's right. So if they do even worse, then they'll have to pay a price for their irresponsible conduct. The thing I said to the North Koreans through formal and informal channels is, what are they getting for this? They get nothing for this. They literally are getting nothing. All they're doing is becoming more and more isolated. They're making themselves poorer. They're making themselves more alienated. Even the Chinese don't agree with what they're doing. China now is doing 10 times as much business with South Korea as North Korea. So what we have to do is to try to find a way to reach them, get them to come to their senses, keep the commitments they've made. But it's very easy to talk tough here. You have to think about what the consequences are. I am determined to keep putting the pressure on, but I do not believe it serves any useful purpose to inflame the situation with rhetoric. That's what the North Koreans have done; it's a big mistake. We are sending Patriot missiles there. We can resume our military exercises there. We can impose stiffer economic sanctions. We have a lot of options there that we can still explore. Interest Rates [Mr. Donovan called on a participant in Austin, TX, who asked if the administration would take responsibility for higher interest rates.]”