Tuesday, June 29, 2010
Radio Address to the Nation on the Economy
Remember, Ronald Reagan followed Jimmy Carter.
Let's hope (pun intended) that history repeats itself.
We sure could use a change (pun intended) from what we have now...
Let's hope (pun intended) that history repeats itself.
We sure could use a change (pun intended) from what we have now...
Ronald Reagan began with this:
"My fellow Americans:
This week, we had some more good economic news. The economy grew by a revised 9.7 percent in real terms for the first quarter and an estimated 5.7 percent for this quarter. Both figures are better than had been predicted.
The strength of our expansion continues to surprise experts and outperform past recoveries. The curious thing is that some experts treat this good news -- strong economic growth -- as a cause for worry. Well, the commonsense reaction is right. Good news is not bad, it's good.
In some key ways this expansion is both different and more durable than those in the past. Stronger growth has enabled more people to find work and bring home paychecks, and it's improved the job outlook for the future. More people are working in America today than ever before. And the United States is creating more jobs at a faster rate than any other major industrialized country in the world, well over 6 million jobs in the last 18 months. In fact, we created more jobs in the month of May alone than all the Common Market countries created in the last 10 years.
I remember back in 1983 when a bill was introduced in Congress aimed at creating 300,000 jobs a year by spending $3\1/2\ billion of your tax money. Now, I said, ``No, the private economy will do the job better.'' And it has done better, much better. Since the recovery began, our economy has been creating, on average, more jobs every month than that government program promised to create in 12 months. And the jobs are benefiting everyone. Nearly 3 million women, a million blacks, and 650,000 Hispanics have found new jobs. "
