Address to the Nation on the Economy, February 5, 1981


Listen to the full speech:

Watch The Entire Video
Download the Speech transcript (pdf)
Send to friend

February 5, 1981


Text Size

The following speech was my first appeal to the American people about the economic crisis we were facing. There would be many more appeals over the years. Some I would win, some I would lose, such as my continual fights with Congress to get control of the budget deficit. The Congress of the United States today is a captive of the special interest groups and totally unable to balance the budget. I am convinced we’ll never have a balanced budget unless we have a constitutional amendment requiring one.

To make clear the erosion of our nation’s economy, I used some coins in this speech to show how inflation had eaten into the value of the dollar. The commentators all noted how effective this was. I guess my acting background did pay off now and then.



- Ronald Reagan -