Ronald Reagan: “Unemployment is the lowest it's been since 1974.”

I think he recognizes that their massive buildup has been responsible for the great economic crisis that he faces there in the Soviet Union.

We've only heard the same as you've heard: that he has been suggesting doing something of this kind.

Yes, always has been.

I am delighted that later today I'll have the opportunity to welcome President Gorbachev to the United States and extend to him the hospitality and good wishes of the American people.