President Ronald Reagan's Economic Vision | February 5, 1981

On February 5, 1981 President Reagan delivered his inaugural economic address from the Oval Office, where he explained his blueprint for America's financial revival. Just two weeks into office, he outlined a four-year plan to mend the economy's issues inherited from past leadership.
00:05 - President Reagan begins his address, worst economic mess since the Great Depression
03:03 - People can't save money due to government regulations and growth
06:00 - We may see over $1 trillion of debt
07:22 - The American people have surpassed their tolerance for the tax burden
08:25 - America has the lowest gain of productivity of all the comparable nations in the world market
10:05 - The current tax code provides no incentive to succeed, we must chart a different course
12:03 - Already taking action to reduce the size of the government, but there is much more to do
13:01 - On February 18, I'll present a detailed economic plan to Congress
14:32 - Charts to explain the goals for the economic plan
16:30 - We cannot continue our wasteful ways any longer
17:37 - Bipartisan efforts will need to be made
19:06 - New determination, speech concludes
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[@wxbake004]

43 years later…… we’re far deeper in the shit