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Save this story for later. Two seminal moments capture Walter Mondale’s long-shot 1984 Presidential bid, which I covered as a neophyte reporter for the Wall Street Journal. The first was his effect on a cavernous campus gym in the Midwest filled with cheering supporters. The place was crammed to the rafters with college students who had been raucously awaiting Mondale’s arrival and were primed for excitement. The crowd applauded wildly as the former Vice-President strode onto a stage festooned with festive bunting and balloons. But, when Mondale launched into his stump speech, he told the eager young students that not all of them would go out into the world and succeed. Many of them, he warned, would find that life could be hard, and that they might have setbacks. He predicted that some members of the audience would someday need the help of government services, and that, in the future, many would rely on Social Security. When I looked out across the room, it was as if a field

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