A recession today, like those of the 1950's, would mean a loss of $20 billion a year in production, a loss of 1 1/2 million jobs, a 40 percent rise in unemployment.

Our strides toward that future will come from the unity that was forged in the struggles of the past.

Next year we are going to cut excise taxes.

We will not neglect our duty towards the helpless or the demands of our oppressed.

We will keep moving toward a nation where every man can find work and a fair reward for his labor, where the old can live in decency and the poor can reach for dignity, where no man suffers from fear or hatred and where every man can seek…

And I have no doubt what the steelworkers will do about it.

Membership in Executive Reserve Units shall be subject to the following: Subject to the provisions of this order, particularly paragraph (4) of this section, an individual who on the date of this order was a member of an Executive Reserve…

Our tax cut, which you helped us pass through the Congress, was a part of this policy.

Activities of any person by reason of his continuance, designation, or redesignation as an Executive Reservist under this order shall not include acting or advising on any matter pending before any department or agency but shall be limited…

There shall be in the Executive Branch of the Government a National Defense Executive Reserve composed of persons selected from various segments of the civilian economy and from government for training for employment in executive positions…

That has been the 30-year-old goal of this progressive union.

We will not return to declining employment at home and declining prestige abroad.

I had so much fun here the last time that I thought I would come back to Atlantic City.

The Director shall report to the President annually, and at such other times as may be appropriate, on the status and operation of the Executive Reserve program.

This house is the house of all the people of this land.

If we are to remain a great nation, we must be led by great people.

We must make it dear, to all abroad and to all at home, that America will never permit itself to be divided.

So I will be in and out of this office, and this will have first priority.