Reagan: hangover’s over
WASHINGTON (AP) — Pres Ronald Reagan
said Wednesday night that despite a "pounding
economic hangover" that has left 11 million
Americans unemployed, the nation is "recovery
bound and the world knows it."
He had billed his televised speech as a non
partisan report on the economy, then concluded it
with the 1982 Republican campaign theme,
urging: 'We can do it, my fellow Americans, by
staying the course."
Reagan said his economic programs will
bring a resurgence "built to last' because it will
create new jobs without rekindling inflation.
"This time we are going to keep inflation,
Reagan will sleep
as Demos dispute
WASHINGTON (AP) — Moments before
he began a televised address to the nation
Wednesday evening, Pres Ronald Reagan
asked an aide what time the Democrats'
response would be broadcast.
Told that it would be at 11:30 p.m EDT,
he said. "I won't be up for that one "
He was also told that one response on
one network would be only five minutes
long.
"Five minutes You've got to use strong
language, he said
His comments were heard through the
audio system piping his remarks into the
White House press room
In the Democrats response, Sen Don
ald Riegle, chided Reagan on behalf of
Democratic candidates, telling voters they
were paying the price" for administration
policies that have forced millions of Amer
icans onto unemployment, welfare and
bread lines
The Michigan senator said the nation
must reject GOP broadcast commercials
asking voters to stay the course "
The ads argue that Republican can
didates must be chosen in the Nov. 2 con
gressional elections so the president's
policies have more time to take effect
Instead, said Riegle, voters must
"change course" and vote Democrat
because "they know what to do
"The truth is that this administration
has created two courses one of them a
very fast economic track for a few, the other
filled with potholes and roadblocks for the
rest of us," said Riegle
"That's why staying the course makes
sense for them — they’re not paying the
price You are," Riegle said
interest rates and government spending, taxing
and borrowing down — and get Americans back
on the job,” Reagan said
In the Democratic response, Sen Donald
Riegle of Michigan said, "The truth is that this
administration has created two courses one of
them a very fast economic track for a few, the
other filled with potholes and roadblocks for the
rest of us.”
The Democrats had protested the decision by
two networks to grant Reagan free airtime just
three weeks before the Nov 2 elections, insisting
that Reagan was merely using television to cam
paign for GOP candidates blistered by the unem
ployment issue
The speech was added to Reagan s schedule
after unemployment rose to 10.1 percent in
September NBC and CBS carried it live. ABC did
not. saying it could adequately cover Reagan s
speech and the Democratic response in its
regular news shows
"Unemployment is the problem uppermost
on many people's minds. Reagan said Getting
Americans back to work is an urgent priority for all
of us. and especially for this administration
"The pounding economic hangover America
is suffering from didn't come about overnight and
there is no single, instant cure,” Reagan said He
said there's plenty of blame to go around, for
the economic morass, but claimed none for
himself or his economic program
In his response. Riegle — whose state suffers
from a 16 percent jobless rate — said. The
course needs to be changed, and the Democrats
know how
He said Democrats would seek legislation to
protect American industries from unfair competi
tion from abroad, change the credit system to
reduce interest rates, reduce defense spending
and restore cuts in Social Security benefits
Reagan stuck to his Reaganomics He said
his economic program — battling inflation, inter
est rates, the growth in government spending and
taxation — was a necessary prelude to bringing
down unemployment, despite pressure to apply a
quick fix" to temporarily ease joblessness
"Let's forget about party politics and take a
look at how our country got into this fix and what
we can do to get her out of it," Reagan said
There were no new programs or surprise
announcements in his speech, which was
primarily intended — as are his campaign
speeches for Republican candidates this month
— to provide the White House assessment of the
economy
"Bringing down inflation and interest rates is
creating a positive reaction that will boost em
ployment," Reagan said, "i wish there were a
quicker, easier way, some magic short cut, but
unemployment is always one of the last things
to turn around as an economy heads into re
covery.”
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