Too often in appraising whether we are moving ahead or not, we think only of what the federal government is doing. Now, that isn't the test of whether America moves. The test of whether America moves is whether the federal government, plus the state government, plus the local government, plus the biggest segment of all - individual enterprise - moves.
We have, for example, a Gross National Product of approximately $500 billion. Roughly $100 billion to $125 billion of that is the result of government activity. $400 billion is the result of what individuals do. The reason the Eisenhower administration has moved, the reason we've had the funds locally to build the schools and the hospitals and the highways, to make the progress that we have, is because this administration has encouraged individual enterprise, and it has resulted in the greatest expansion of the private sector of the economy that has ever been witness in an eight-year period.
And that is growth. That is the growth that we are looking for, it is the growth that this administration has supported and that its policies have stimulated.
Monday, September 27, 2010
Here's some footage of the first 1960 Presidential debate between John F. Kennedy and Richard M. Nixon. Nixon sounds like a guy I would vote for in a heartbeat.