On the recordFebruary 3, 2011
Madam President, I rise to speak also on the 100th anniversary of the birth of Ronald Reagan, and I am so pleased to follow my colleague from California who has been under the weather for a little while. We are very glad she is back. I think all of us will have an opportunity to talk about one of the great Presidents of the last century and to mark the 30 years since Ronald Reagan's inauguration. When Ronald Reagan was elected in 1980, America faced an anemic economy, high unemployment, and a sense of malaise emanated from Washington. But President Reagan never doubted that America's potential was unlimited. During his second inaugural address, he said America ``can out-produce, out-compete and out-sell anybody, anywhere in the world.'' The Reagan Revolution was fueled by the understanding that, given the opportunity, Americans would dream, create, and build. He also knew the road to greatness was through an individual's effort, not through expanded government. So President Reagan set about reinvigorating the stagnant economy. He cut government spending. He reduced government regulation. He ended the practice of wage and price controls. He passed tax cuts for all Americans. He famously noted that ``Government's first duty is to protect the people, not run their lives.'' The American economy responded with sustained growth, and a new era of economic prosperity had been ushered in. Reagan's vision of the greater good also extended beyond our shores.…





