“A recession is when your neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.”
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The crisis we are facing today does not require of us the kind of sacrifice that Martin Treptow and so many thousands of others were called upon to make. It does require, however, our best effort, and our willingness to believe in ourselves and to believe in our capacity to perform great deeds; to believe that together, with God’s help, we can and will resolve the problems which now confront us.
And, after all, why shouldn’t we believe that? We are Americans. God bless you, and thank you.
But taking that one no from the Soviet Union, we then went back into negotiations on their terms. Because Mr. Carter had cancelled the B-1 bomber, delayed the MX, delayed the trident submarine, delayed the cruise missiles, shut down the minute man missile production line. The Soviet Union sat at the table knowing that we had gone forward with unilateral concessions without out any reciprocation from them whatsoever.