On the recordJuly 10, 1988
America faced a crisis.
Source
presidency.ucsb.eduAmerica faced a crisis.
Remarks at a Campaign Fundraising Dinner for Senator David K. Karnes of Nebraska
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I expressed to President Gorbachev my confidence that the work we began together at Geneva in 1985 will continue under the Bush administration.
We've only heard the same as you've heard: that he has been suggesting doing something of this kind.
I think he recognizes that their massive buildup has been responsible for the great economic crisis that he faces there in the Soviet Union.