James B. McDougal
| James B. McDougal | |
|---|---|
| Born | August 25, 1940 White County, Arkansas, U.S. |
| Died | March 8, 1998 (aged 57) Fort Worth, Texas, U.S. |
| Cause of death | heart attack |
| Occupation | Businessman |
| Spouse(s) | Susan McDougal |
James B. McDougal (August 25, 1940 – March 8, 1998), a native of White County, Arkansas, and his wife, Susan McDougal (the former Susan Carol Henley), were financial partners with Bill Clinton and Hillary Clinton in the real estate venture that led to the Whitewater political scandal of the 1990s. Starting in 1982, McDougal operated Madison Guaranty Savings and Loan Association.
McDougal was a Democrat and a former aide to the late U.S. Senator James William Fulbright. He later was a political science professor at Ouachita Baptist University in Arkadelphia.
In 1982, McDougal made a failed bid for the United States House of Representatives against the Republican incumbent John Paul Hammerschmidt in Arkansas's northwesterly Third Congressional District. Hammerschmidt polled 133,909 votes (66 percent) to McDougal's 69,089 (34 percent). Coincidentally, Clinton himself had been defeated by Hammerschmidt in the same district in 1974. McDougal entered the political arena again at the height of the Whitewater controversy, running in the 1994 Democratic Primary in Arkansas' Fourth Congressional District, in South Arkansas. McDougal ran last in a three-man race, getting 23% of the vote in a primary won by State Senator Jay Bradford of Pine Bluff, who, in turn, lost the general election to a first-term representative, Republican Jay Dickey in 1994's "Battle of the Jays".
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