On January 11, 1989, Reagan gave the following farewell address to the nation from the Oval Office. The two things Iâm proudest of are the economic recovery which created 19 million new jobs and that America is respected again in the world.
In 1980 pundits said our economic policies would cause inflation and collapse while our foreign policies would lead to war. Instead, tax cuts created âthe longest peacetime expansion in our historyâ and âan explosion in research and new technology.â We knocked âdown protectionist walls abroad instead of erecting them at home.â
We rebuilt our defenses and saw a new peacefulness around the globe. âCountries across the globe are turning to free markets and free speech and turning away from the ideologies of the past.â
I went into politics to protect something precious. âOur Constitution is a document in which âWe the Peopleâ tell the government what it is allowed to do. In the 1960s the government was taking our freedom with rules and regulations and confiscatory taxes.
People are ânot free unless government is limited. There's a clear cause and effect here that is as neat and predictable as a law of physics: As government expands, liberty contracts.â
Are âwe doing a good enough job teaching our children what America is and what she represents in the long history of the world?â âAmerica is freedom -- freedom of speech, freedom of religion, freedom of enterprise. And freedom is special and rare.â Letâs start with more attention to American history.
I see America as a âshining city upon a hillâ teeming with all kinds of people living in harmony, with ports humming with commerce, with doors open to anyone with the will to get here, a beacon and magnet for all who must have freedom.
Audio recording courtesy of the Ronald Reagan Presidential Library.
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