Remarks in Walnut Creek, California
05/24/1976
https://www.presidency.ucsb.edu...
When I took office in 1974, I found many of our regulatory laws outdated and unintelligible.
Income and wealth are not produced in Washington, they are only redistributed there.
Substantial progress, together with lingering problems, mark developments in several areas.
I believe it presents a candid appraisal of what we have learned and what remains to be done.