US Presidency
1980

And we also have planned a youth employment program which would encompass 600,000 jobs for young people. This has already passed the House; now has an excellent prospect to pass the Senate. MR. SMITH. Now, the same question goes to Governor Reagan. Governor Reagan, would you like to have the question repeated? GOVERNOR REAGAN. Yes, please. MR. ELLIS. Governor Reagan, during the past 4 years, the Consumer Price Index has risen from 4.8 percent to currently over 12 percent. And perhaps more significantly, the Nation's broader, underlying rate of inflation has gone up from 7 to 9 percent. Now, a part of that has been due to external factors beyond in 1881. control, and notably, the more than doubling of OPEC oil prices last year, which leads me to ask you whether, since the United States remains vulnerable to such external shocks, can inflation in fact be controlled? If so, specifically what measures would you pursue? GOVERNOR REAGAN. Mr.