During this speech in September of 1980, then candidate Reagan referred to the dreadful disaster of the Carter administration in such a way that eerily resembles the failures of the Obama administration."The Carter record is a litany of despair, of broken promises, of sacred trusts abandoned and forgotten. Eight million -- eight million out of work. Inflation running at 18 percent in the first quarter of this year. Black unemployment at 14 percent, higher than any single year since the government began keeping separate statistics. Four straight major deficits run up by Carter and his friends in Congress. The highest interest rates since the Civil War, reaching at times close to 20 percent, lately they're down to more than 11 percent but now they've begun to go up again. Productivity falling for six straight quarters among the most productive people in the world".
Reagan closes with a statement which conservatives pray the RNC will proudly embrace during this upcoming election season:
"This country needs a new administration with a renewed dedication to the dream of America, an administration that will give that dream new life and make America great again."
Don't miss out on these stores today:
Is Social Security an investment Ponzi scheme?
There's just one thing that's worse than having a large chunk of money taken out of your paycheck: Taking a chance you won't get it back.
CBO outlook on long-term debt worsens!
The annual long-term budget outlook forecasts a surge in public debt this year that will rise to 70 percent of GDP by the end of fiscal 2011, compared to 62 percent by the end of 2010.
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