She was considering doing a live revival of "Who's Afraid of Virginia Woolf?," the film she did in 1964, one that won her her second Oscar, but she decided against that.
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Doing the play means she will be facing the press again, this time, the drama critics in Washington and New York. Does this scare her?
"As someone else said, I have always been a target of the press," she said. "Some of the things they wrote about me hurt, but they did not change my life. I've made a lot of mistakes. We all have. I would like to go back and correct them, but there is no way to do that."
She was on the campaign trail with her husband and sees a similarity between politics and show business.
"I feel as if I've been in politics all my life. As Mrs. John Warner, I am always being asked questions by the press. The only real difference between the two is that in politics, there is no script, and we can't do retakes."
She says her husband is happy to see her do films and stage. "I campaigned with him for four years, and now he wants me to do something I want to do."
She'll go to the presidential inauguration gala but as Mrs. Warner, not Elizabeth Taylor. "I'm an actress, not an entertainer," she said.
What's down the road? Suppose Warner decides to run for president? Would Elizabeth Taylor, movie star, like to be First Lady?
"No way," she said. "No way."