Meeting this mission for the responsibility of preserving the peace. Which I believe is a irresponsibility peculiar to our country. We cannot shirk our responsibility of leader of the free world because we are the only one who can do it. And therefore the burden of maintaining the peace falls on us. And to maintain that peace requires strength. America has never gotten into a war because we were too strong.
That we have only leased out and begun to explore 2% of our outer continental shelf for oil. There are vast supplies yet to be found. Our government has in the last year or so, taken out of multiple use, millions of acres of public lands. That’s probably 70% of the potential oil in the United States… is probably hidden in those lands. And no one is allowed even to go in to explore, to found out if it’s there. This is particularly true of the recent efforts to shut down part of Alaska.
This nation has been portrayed for too long of time to the people as being energy poor. When it is energy rich. The coal that the president mentioned, yes, we have it. And yet, 1/8 of our total core resources is not being utilized at all, right now. The mines are close down, there are 22,000 miners out of work. Most of this is due to regulations. Which either interfere with the mining of it or prevent the burning of it. With our modern technology, yes we can burn our coal within the limits of the clean air act. I think as technology improves we will be able to do even better with that.
When he was a candidate in 1976, President Carter, invented a thing he called the Misery Index. He added the rate of unemployment and the rate of inflation. And it came at that point to 12.5%, under President Ford. And he said that no man, with that size Misery Index had a right to seek reelection to the presidency . Today, by his own decision, the Misery Index is in excess of 20%
Reagan 1984 coffee cup
I would like to ask the President, why is it inflationary to let the people keep more of their money and spend it they way they would like and it isn’t inflationary to let him take that money and spend it the way he wants?
I think this idea that has been has been spawned here in our country that inflation somehow came upon on us like a plague and therefore it’s uncontrollable. And no one can do anything about it is entirely spurious and it’s dangerous to say this to the people.