US Presidency
1980

We are talking about the United States of America, and those who count this country out as an economic superpower are going to find out just how wrong they are. We're going to share in the exciting enterprise of making the 1980 's a time of growth for America. The Republican alternative is the biggest tax giveaway in history. They call it Reagan-Kemp-Roth; I call it a free lunch that Americans can not afford. The Republican tax program offers rebates to the rich, deprivation for the poor, and fierce inflation for all of us. Their party's own Vice Presidential nominee said that Reagan-Kemp-Roth would result in an inflation rate of more than 30 percent. He called it voodoo economics . He suddenly changed his mind toward the end of the Republican Convention, but he was right the first time. Along with this gigantic tax cut, the new Republican leaders promise to protect retirement and health programs and to have massive increases in defense spending and they claim they can balance the budget.