national
Battalion/Page 13
October 15, 1982
Reagan says economy to rally
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Unitrd Press International
WASHINGTON — President
Reagan says unemployment may
rise a bit more before it starts to
fall, but progress already is l>eing
made on other economic fronts
and his policies will lead to total
recovery.
Reagan made his pitch
Wednesday in a nationally tele
vised address, billed as a non
partisan economic update by the
White House and attacked as a
blatant political ploy by Demo
crats.
In the 23-minute speech, 20
days before congressional elec
tions, Reagan did not mention
the word "Democrats," but he
clearly blamed them for much of
the economic problems.
He said his sweeping prog
ram is the best bet to undo all the
damage to our economy of the
last 20 years.
“Unless you get at the root
causes of the problem — which
is exactly what our economic
program is doing — you may be
able to temporarily relieve the
symptoms, but you’ll never cure
the disease,” Reagan said.
Noting improvement in re
duced government spending,
lower taxes, eased inflation and
decreased interest rates, Reagan
intoned: “We can do it, my fel
low Americans, by staying the
course.”
While giving the Democrats’
televised response, Sen. Donald
Riegle, D-Mich., urged voters to
change the course of the country
on election day.
“We all know the prolems,”
he said, “and Democrats know
what to do about it.”
The president, citing a series
of guideposts on the road to re
covery, acknowledged that the
jobless rate, now at 10.1, is likely
upward drift,” Reagan said.
The speech, presented to a
national television and radio au
dience, was a focal point of con-
In a separate response,
House Speaker Thomas O’Neill
said if Reagan “thinks we should
stay the course, he should ask
those millions of American
families who have already
reached the end of the line. If he
thinks Reaganomics is working,
he should ask the fellow who
Unemployment
claims rising
United Press International
WASHINGTON — The
Labor Department reported
Thursday a new increase in ini
tial claims for state unemploy
ment benefil indicating a con
tinuation of the nation’s 10.1
percent unemployment rate.
The department said ther^
were 695,000 initial claims for
state programs during the week
ended Oct. 2 — 12,000 more
than the previous week. The fi
gure was still below the record
703,000 new claimants during
the week ended Sept. 18.
When the department's Em
ployment and Training Admi
nistration issued its unemploy
ment insurance report a week
ago, it said 697,000 initial claims
were filed during the week en
ded Sept. 25, but that the report
was revised over the week to
683,000.
The department also re
ported Thursday that a season
ally adjusted total of 4,461,000
persons claimed unemployment
benefits during the week ended
Sept. 25 — 64,000 more than the
previous w’eek, and increasing
the insured unemployment rate
from 5 percent to 5.1 percent.
West Virginia continued as
the state with the highest in
sured unemployment rate at 7.1
percent.
Other states among the 10
highest were Pennsylvania, Ore
gon, Alabama, Michigan,
Washington, Illinois, Mississip
pi, Ohio and South Carolina.
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“Unless you get at the root causes of the
problem — which is exactly what our eco
nomic program is doing — you may be
able to temporarily relieve the symptoms,
but you ’ll never cure the disease, ’’ Reagan
said. Noting improvement in reduced
government spending, lower taxes, eased
inflation and decreased interest rates,
Reagan intoned: “We can do it, my fellow
Americans, by staying the course. ”
to go even higher before it starts
to drop.
“Unemployment, always a
lagging indicator in times of re
cession, has not yet stopped its
troversy, with Democrats main
taining it was a political ploy
aimed at boosting Republican
hopes in the Nov. 2 elections and
charging networks were unfair
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But Reagan, using sophisti
cated video graphics to illustrate
his points, said he was speaking
to help people “desperately
trying to make sense out of all
the statistics, slogans and politic
al jargon filling the airwaves in
this election year.”
Rejecting the “quick fixes” of
the past, Reagan said, “Remem
ber, you can’t solve unemploy
ment without solving the things
that caused it — the out-of
control government spending,
the skyrocketing inflation and
interest rates that led to unem
ployment in the first place.”
“I wish there were a quicker,
easier way — some magic short
cut — but unemployment is al
ways one of the last things to
turn around as an economy
heads into recovery,” Reagan
said.
“And make no mistake,
America is recovery bound and
the world knows it.”
Reagan said his administra
tion has made important prog
ress on four out of five problems
the nation faced in 1980 — high
taxes, runaway government
spending, inflation and high in
terest rates.
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