| Reagan Press Conference - March 31, 1982 | ||
|---|---|---|
| This clip is not available for streaming at this time. Please contact WPA. | Tape Master: | 10014 |
| Catalog #: | 524516 | |
| Clip Number: | 524516-7 | |
| Orginal Film: | 61-0610 | |
| Timecode: | 07:17:53 - 07:19:19 | |
| Location: | Washington, DC | |
| Year Shot: | 1982 (Actual Year) | |
| Audio: | Yes | |
| Color: | Yes | |
| Headings: | JOURNALISM: Press Conference LOCATIONS/NORTH AMERICA: USA, Washington D.C. OCCUPATIONS: Journalism, Reporters OCCUPATIONS: Politicians / Statesmen PERSONALITIES: Reagan, Ronald | |
| Description: | The Nation's Economy business failures, and a generally bleak economy, are Americans really better off today than they were when you became President? Reagan: Of course, you realize it would be fairer if they asked me that at the end of 4 years ... because of the recession. But I would remind you, that we had almost as much - we had in the neighborhood of 8 million unemployed back then, before we came here. We had interest rates of 21 1/2 percent. Well, they're 16. That's still too high, and it is those high interest rates that are delaying our coming out of this recession. We had 12.4 percent inflation. ... only 4 1/2 percent. Now, let me just give you an example of what that rate of inflation means and what the entire 1981 decline that we brought about - because inflation started down before there was any recession, and I think we had something to do with that. ... that is living on the threshold of poverty, which we say, now, is $8,500-a-year income. That family now has $375 more in purchasing power with their $8,500 than they did at the rate of inflation in 1980 and leading up to the Inaugural in '81. So, when you say better or worse off, I think there are elements of better off. And probably the worst one is ... | |
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