Ronald Reagan on Jimmy Carter

“Does Mr. Carter really believe that the American people are not capable of rebuilding our economy? If he does, that is even one more reason - along with his record - that he should not be President.”

“We can go a long way toward restoring the economic health of this country by establishing reasonable, fair levels of taxation. But even the extended tax rate cuts which I am recommending still leave too high a tax burden on the American people. In the second half of the decade ahead we are going to need, and we must have, additional tax rate reductions. Jimmy Carter says it can't be done. In fact, he says it shouldn't be done. He favors the current crushing tax burden because it fits into his philosophy of government as the dominating force in American economic life.”

“Almost two months ago, in accepting the Presidential nomination of my party, I spoke of the historically unique crisis facing the United States. At that time I said: "Never before in our history have Americans been called upon to face three grave threats to our very existence, any one of which could destroy us. We face a disintegrating economy, a weakened defense and an energy policy based on the sharing of scarcity." Now since I first spoke those words, no action has been taken by President Carter to change this grave, unprecedented situation. In fact, during the last few months the overall economic situation in the United States has deteriorated markedly. The cumulative effect of the economic policies the Carter Administration has followed over the last three and one-half years has damaged our economy much more than virtually anyone could have foreseen. Interest rates and inflation have become unconscionably high. Almost two million Americans have lost their jobs this year alone. And the tax burden continues to steadily increase. In effect, Mr. Carter's economic failures are an assault on the hopes and dreams of millions of American families. They are essentially an unprecedented failure of Presidential leadership that strikes at the very heart of every American family, every factory, every farm, every community. Make no mistake about it: what Mr. Carter has done to the American economy is not merely a matter of lines and graphs on a chart. Individuals and families are being hurt and hurt badly. Factories are empty; unemployment lines are full.”

“If you feel that Mr. Carter has faithfully served America with the kind of competence and distinction which deserve four more years in office, then you should vote for him. If he has given you the kind of leadership you are looking for, if he instills in you pride for our country and a sense of optimism about our future, then he should be reelected. But consider these questions as well when you finally make your decision: Are you more confident that our economy will create productive work for our society or are you less confident? Do you feel you can keep the job you have or gain a job if you don't have one? Are you satisfied that inflation as the highest rates in 33 years were the best that we could do? Are interest rates at 14 ½ percent something you are prepared to live with? Are you pleased with the ability of young people to buy a home; of the elderly to live their remaining years in happiness; of our youngsters to take pride in the world we have build for them? Is our nation stronger and more capable of leading the world toward peace and freedom or is it weaker? Is there more stability in the world or less? Are you convinced that we have earned the respect of the world and our allies, or has America's position across the globe diminished? Are you personally more secure in your life? Is your family more secure? Is America safer in the world? And, most importantly--quite simply--the basic question of our lives: are you happier today than when Mr. Carter became President of the United States? I cannot answer those questions for you. Only you can.”

“All of this demands a vision. It demands looking at government and the economy as they exist and not as words on paper, but as institutions guided by our will and knowledge toward growth, restraint and effective action. When Mr. Carter first took office, he had sufficient budget flexibility to achieve these goals. But he threw away the opportunity to generate new economic growth and to strengthen national security. Now the damage done to the economy by his misguided policies will make the achievement of these crucial objectives far more difficult. Nevertheless, this nation cannot afford to back away from any of these goals. We cannot allow tax burdens to continue to rise inordinately, inflation to take a stronger hold, or allow our defenses to deteriorate further - without severe consequences. This task is going to be difficult but our goals are optimistic - as they should be. Success is going to take time, as well as work. There is only one phrase to describe the last three years and eight months. It has been an American tragedy. It isn't only that Mr. Carter has increased Federal spending by 58 percent in four years, or that taxes in his 1981 budget are double what they were in 1976, the equivalent of a tax increase on an average family of four of more than $5,000. The tragedy lies as much in what Mr. Carter has failed to do as in what he has done. He has failed to lead. Mr. Carter had a chance to govern effectively. He had a sound economic base with an inflation rate of 4.8 percent when he took office. But he has failed. His failure was rooted in his view of government, in his view of the American people. Yet he wants this dismal view to prevail for four more years. The time has come for the American people to reclaim their dream. Things don't have to be this way. We can change them. We must change them. Mr. Carter's American tragedy must and can be transcended by the spirit of the American people, working together.”