Spiro Agnew division and uncertainty, and applauding Agnew for his patriotism and dedication to the welfare of the United States. House Minority Leader Gerald Ford, who would be Agnew's successor as vice president (and Nixon's as president) recalled that he heard the news while on the House floor and his first reaction was disbelief, his second sadness. Soon after his resignation, Agnew moved to his summer home at Ocean City. To cover urgent tax and legal bills, and living expenses, he borrowed $200,000 from his friend Frank Sinatra. He had hoped he could resume a career as a lawyer, but in 1974,
Spiro Agnew themselves became their party's nominee for president. Some recent historians have seen Agnew as important in the development of the New Right, arguing that he should be honored alongside the acknowledged founding fathers of the movement such as Goldwater and Reagan; Victor Gold, Agnew's former press secretary, considered him the movement's "John the Baptist". Goldwater's crusade in 1964, at the height of Johnsonian liberalism, came too early, but by the time of Agnew's election, liberalism was on the wane, and as Agnew moved to the right after 1968, the country moved with him. Agnew's fall shocked and saddened conservatives, but