It is pessimism based on past experience that over the years we've had seven to eight recessions since World War II.
Ronald Reagan
The Public Record
Ronald Wilson Reagan was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. A member of the Republican Party, he previously held the office of governor of California from 1967 to 1975. Reagan's presidency is noted for significant tax cuts, a strong anti-communist foreign policy, and the deregulation of various industries. His administration also faced challenges such as the Iran-Contra affair and economic issues, including inflation and unemployment.
Let me say about your unemployment here, the most necessary thing that has to be done.
When we took office, the cost of government was increasing 17 percent a year.
We are keeping the safety net, and yet, at the same time, we're making the savings that can bring back the economy.
That is enough, if they have the confidence that we're going to continue and that we're not going to do that other quick-fix thing.
I think we'll see real progress on interest rates once the financial markets finally wake up.
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