Disillusionment Quotes
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Closest reference to this quote is during remarks at a Fundraiser for Gov. James R. Thompson, Jr., in Rosemont, Illinois August 12, 1986 where he said: “When [Jim O’Grady] was at the White House, Jim said to me, "The great Democratic Party of my father's and grandfather's time just doesn't exist anymore. Mr. President, I didn't leave the Democratic Party, the Democratic Party left me. That's why I switched parties." And I said, "Jim, join the crowd.”” http://www.presidency.ucsb.edu/ws/?pid=37732
Some analysts believe that this may have been literally true, given his brutal record thereafter.