Economic Summit & Foreign Affairs ⚙️ Q&A 25th Press Conference (Excerpt) Ronald Reagan 1984 * PITD

Economic Summit & Foreign Affairs ⚙️ Q&A 25th Press Conference (Excerpt) #RonaldReagan 1984 * #PITD
June 14, 1984
One week ago today in London, I joined the leaders of six major industrialized democracies for the annual #EconomicSummit. And we met to take the pulse of the world economy, to measure the impact of the policies that we've been implementing during the past 3 years, and to continue strengthening the freedom, prosperity, and peace that we share.
Change comes neither easily nor quickly in foreign affairs. But there was recognition in London that, while we continue to face pressing challenges, we are on the right track. By working together, by sticking to our policies, we've made impressive progress since 1981. The Western democracies have been moving from weakness to strength, from disappointment and pessimism to confidence and hope for a better future.
In 1981 our economies had an average growth of only 1.8 percent and 8\1/2\-percent inflation. But led by the recovery, and now the expansion in the United States, our average growth today is up to 4 percent, while inflation has been cut in half. There was recognition that the incentives of America's recovery program, which sparked our economic takeoff and the creation of more than 6 million jobs in the last 18 months, have made a major contribution to the improvement in both the performance and the outlook for the world economy.
I reaffirmed to our allies America's bedrock commitment to the NATO alliance and to its mission to protect peace and freedom in the West. Europe and America have enjoyed nearly 40 years of peace. If NATO remains strong and unified -- and I believe NATO is stronger and more unified today than ever before -- then Europe and America will remain free and secure.
We have reestablished strength and confidence stretching beyond America's shores to Europe and the Pacific Basin, and we're trying, as well, to promote a better, more realistic, long-term relationship with the Soviet Union. And that's why we and our allies have made so many initiatives to reduce nuclear arsenals, ban chemical weapons, break the impasse in the East-West conventional force negotiations, curb nuclear proliferation, and reach agreement on proposals for increasing confidence and reducing the risk of surprise attack in Europe. The West is doing its utmost, but to date, we have met with continued Soviet unwillingness to return to the nuclear arms negotiating tables.
America's standing taller in the world today, but if we're to continue on course toward a more prosperous, peaceful world, then we need the full cooperation of the Congress. The Congress must support our strategic modernization program to keep America strong and convince the Soviets it is in their best interest to choose the course of negotiation, not confrontation, so we can safely reduce arms while preserving peace and stability.
The Congress must pass the recommendations of the bipartisan commission on Central America and the two supplemental requests now before it to promote democracy, economic development, and greater security in that vital region to our south. And the Congress must promptly pass our deficit-reduction program to help ensure that our economic recovery remains strong.
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Full Transcript:
https://[a]www.reaganlibrary.gov%2Farchives%2Fspeech%2Fpresidents-news-conference-36[/a]
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President Reagan's 25th Press Conference in the East Room on June 14, 1984