Tuesday, October 28, 2008

Reagan and Recession

"First meeting to hear the 1st 1983 budget review. We who were going to balance the budget face the biggest budget deficits ever. And yet percentage wise they'll be smaller in relation to the GNP. We have reduced Carter's 17% spending increase to 9%. The recession has added to costs and reduced revenues however so even with that reduction in govts. size we face a large defect"

http://www.youtube.com/watch?v=RRUbwnkEPqc&feature=related

I think the dichotomy shown by this quote then the video is incredibly interesting. Reagan's diary shows legitimate concern for the economy and the action he wants to take. In private he's serious and focused. Yet, in public, giving a press conference, he's humorous and light-hearted. It's obvious his prowess for handling the media is incredibly well thought-out. He knows his ability to laugh at the issue will reflect in the nation - he shows fear the nation shows fear, he remains calm, hopefully the nation can as well. It's so calculated. In public he laughs, in private he thinks. Quite the strategy.

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