Ronald Reagan actually said...

Today I'm proud to nominate Michael A. McManus, Jr., to be a member of the Board of Directors of the Communications Satellite Corporation.

economic conditions affecting the general welfare require the following alternative plan for this pay adjustment:

Import relief would place a costly and unjustifiable burden on U.S. consumers and the U.S. economy.

I have determined that granting import relief would not be in the national economic interest.