Common sense told us that when you put a big tax on something, the people will produce less of it. So, we cut the people's tax rates, and the people produced more than ever before. The economy bloomed like a plant that had been cut back and could now grow quicker and stronger. Our economic program brought about the longest peacetime expansion in our history: real family income up, the poverty rate down, entrepreneurship booming, and an explosion in research and new technology. We're exporting more than ever because American industry became more competitive and at the same time, we summoned the national will to knock down protectionist walls abroad instead of erecting them at home. Common sense also told us that to preserve the peace, we'd have to become strong again after years of weakness and confusion. So, we rebuilt our defenses, and this New Year we toasted the new peacefulness around the globe.
"in which the people of America created--and filled--19 million new jobs."
"cut taxes and regulation, started to cut spending. And soon the recovery began."
One last nugget of truth ...
Let's start with some basics: more attention to American history and a greater emphasis on civic ritual. And let me offer lesson No. 1 about America: All great change in America begins at the dinner table. So, tomorrow night in the kitchen I hope the talking begins. And children, if your parents haven't been teaching you what it means to be an American, let 'em know and nail 'em on it. That would be a very American thing to do.Reagan -- class act, great American.
Footnote: The Democrats resisted cutting spending at every turn. And government never created one useful job.
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