I speak today in an hour of national peril and national opportunity.

We cannot afford to waste idle hours and empty plants while awaiting the end of the recession.

In short, the American economy is in trouble.

We must increase our support of the United Nations as an instrument to end the Cold War instead of an arena in which to fight it.

I have already taken steps to coordinate and expand our disarmament effort.

This is not a partisan program concentrating on our weaknesses--it is, I hope, a national program to realize our national strength.

I have asked the other governments concerned to agree to a reasonable delay in the talks on a nuclear test ban.

But I have a different view of liberty.

But Communist domination in this Hemisphere can never be negotiated.

The deadly arms race, and the huge resources it absorbs, have too long overshadowed all else we must do.

We cannot escape our dangers--neither must we let them drive us into panic or narrow isolation.