This episode's headline: Mud Slinging; Power to the People; Nyet!. The guests include SEN. ERNEST HOLLINGS, [D] South Carolina; JAMES LAKE, Republican Communications Advisor; RAY STROTHER, Democratic Media Consultant; ED HEWETT, Brookings Institution; CORRESPONDENTS: JUDY WOODRUFF; KWAME HOLMAN. Byline: In Washington: JAMES LEHRER; In New York: CHARLAYNE HUNTER- GAULT