The 100th Anniversary Of The Birth Of President Ronald Wilson Reagan
I want to thank my good friend from California (Mr. Dreier). Particularly, I want to thank my good friend for leading us in this incredibly special, special time to remember an individual who, as we have heard from the speakers before me,…
I want to thank my good friend from California (Mr. Dreier). Particularly, I want to thank my good friend for leading us in this incredibly special, special time to remember an individual who, as we have heard from the speakers before me, individuals like Mr. Dreier who actually spent a lot of time with President Reagan, sharing with us the incredible person, an inspiration, that our 40th President, who we are celebrating this week the 100th anniversary of his birth, is to each of us.
As the gentleman mentioned, I did have the privilege of serving for his last 2 years as President, 1987 and 1988. But I think about what President Reagan meant to me, and when I think about what he meant to me, I know as I have listened to these speakers before me what he meant to so many of us in our Nation and the world today.
My friend Mr. Dreier mentioned in his early remarks what the country was like in 1980 when Ronald Reagan ran for President. We think what it is like today. We have over 9 percent unemployment. We have very low inflation. But in 1980, when President Reagan was running, we had not 9 percent unemployment, but 12 percent unemployment. We had something that we haven't had since the early days of President Reagan's administration, and that was inflation, inflation that was running 13 percent.
As a small businessman then, I remember what it was like. You did not know what to price your products at because you didn't know what you were going to be buying them for again, and it was an unbelievably challenging time. Plus, as a small businessperson, we had a prime interest rate that was 21.5 percent. We had home mortgages that were hitting 16 percent.
Now, those of us who can remember back at that time, talk about challenging times, those were challenging times. And to have someone who was the type of inspiration that Ronald Reagan was, who literally exemplified everything he believed, and we heard so much from our speakers before me, but to Ronald Reagan it was morning in America. He believed. He not only had confidence in himself, he had even more confidence in our Nation. He had confidence in those of us who were small business people, who were Americans. As was mentioned, it didn't matter whether you were immigrants, like my grandparents were from Switzerland, you were an American. He had not only confidence in this, but he could emulate this to all of those around us.
It was interesting, because back about 10 years ago in a Republican Conference of fellow Republicans in Congress, someone asked a question, who among us, and there were, I don't know, about 150 or so, who among us were inspired by Ronald Reagan to run originally. And over half of us raised our hands. As a matter of fact, it was about three-quarters of us. It was Ronald Reagan who inspired us to leave our positions as a small businessman, as a family rancher or dairy person to run for office. So we see it today. We see those who ran this last time, a very similar time.
But God bless Ronald Reagan. God bless all that he inspired us with.
And, Mr. Dreier, I want to thank you for leading us. This is one of the greatest times of my life, to be able to participate along with you and Mr. Lungren and Mr. Rohrabacher and others in remembering someone who I believe is one of the very greatest Americans ever to live, Ronald Reagan. Thank you.