I started to watch the debate last night but got so bored that I returned to my Netflix series “The Borgias” which has the brutality of ISIS, Clintonian infidelity, lies, corruption, and all the politics I read and post. However, I despair that all the candidates lack “vision” and I turned to the greatest and most apposite campaign speech of all times. Here it is in full for your consideration before making a choice. Ronald Reagan lost the primary to the parenthesis Gerald Ford…but this speech is magnificent.
To Restore America March 31, 1976
Good evening to all of you from California. Tonight, I’d like to talk to you about issues. Issues which I think are involved–or should be involved in this primary election season. I’m a candidate for the Republican nomination for president. But I hope that you who are Independents and Democrats will let me talk to you also tonight because the problems facing our country are problems that just don’t bear any party label.
In this election season the White House is telling us a solid economic recovery is taking place. It claims a slight drop in unemployment. It says that prices aren’t going up as fast, but they are still going up, and that the stock market has shown some gains. But, in fact, things seem just about as they were back in the 1972 election year. Remember, we were also coming out of a recession then. Inflation had been running at round 6 percent. Unemployment about 7 [percent]. Remember, too, the upsurge and the optimism lasted through the election year and into 1973. And then the roof fell in. Once again we had unemployment. Only this time not 7 percent, more than 10. And inflation wasn’t 6 percent, it was 12 percent. Now, in this election year 1976, we’re told we’re coming out of this recession just because inflation and unemployment rates have fallen, to what they were at the worst of the previous recession. If history repeats itself, will we be talking recovery four years from now merely because we’ve reduced inflation from 25 percent to 12 percent?
The fact is, we’ll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before. It took this nation 166 years until the middle of World War II to finally accumulate a debt of $95 billion. It took this administration just the last 12 months to add $95 billion to the debt. And this administration has run up almost one-fourth of the total national debt in just these short 19 months.
Inflation is the cause of recession and unemployment. And we’re not going to have real prosperity or recovery until we stop fighting the symptoms and start fighting the disease. There’s only one cause for inflation— government spending more than government takes in. The cure is a balanced budget. Ah, but they tell us, 80 percent of the budget is uncontrollable. It’s fixed by laws passed by Congress. Well, laws passed by Congress can be repealed by Congress. And, if Congress is unwilling to do this, then isn’t it time we elect a Congress that will?
Soon after he took office, Mr. Ford promised he would end inflation. Indeed, he declared war on inflation. And, we all donned those WIN buttons to “Whip Inflation Now.” Unfortunately the war—if it ever really started—was soon over. Mr. Ford without WIN button, appeared on TV, and promised he absolutely would not allow the Federal deficit to exceed $60 billion (which incidentally was $5 billion more than the biggest previous deficit we’d ever had). Later he told us it might be as much as $70 billion. Now we learn it’s 80 billion or more.