Page 6
Staff Photos by Dave Bentz Tf p
I 1
I
Clockwise from above:
Flags wave as supporters
cheer Reagan's speech in
Omaha's Civic Auditorium;
President Reagan addresses
a crowd that exceeded
10,000; protester outside
the auditorium shows his
disapproval of Reagan's eco
nomic policy.
1
mmimMmn
r
...
CI
o
9
o
f '!
0 0 0
Reagan
Continued from Page 1
Reagan said his reduction of federal
income taxes was fair and equitable.
"That tax cut was not a giveaway to
the rich," he said. He pointed out that the
cuts in taxes were made across all income
levels and said the poor probably benefited
more from them than the rich.
Reagan said he counts on reduced
interest rates to lower unemployment. The
prime lending rate has fallen from 21.5
percent to 12 percent, and the president
predicted it will fall further. He blamed
past administrations for the high level of
unemployment.
"If the government is back on its knees"
he said, "that's quite an improvement,
because two years ago it was flat on its
back."
Reagan also blamed . the Carter
presidency -for the depressed farm econo
my, emphasizing Carter's grain embargo
of the Soviet Union, which Reagan
recently ended.
Reagan said his critics could impede
economic recovery by the psychological
effect of their criticism. "You have to
ask. . .do they really want a recovery?"
he said. The president requested support
for all Republican congressional
candidates, while quoting Democratic Pres
ident Franklin Roosevelt's famous remark,
"The only thing we have to fear is fear it
self." Reagan said that fighting inflation can
stabilize welfare programs. He said other
administrations kept raising welfare bene
fits and creating new bureaucracies "in
the empire building of government."
This failed to work, he said, noting that
in a period when Aid to Families with
Dependent Children payments were
increased by a third, consumer prices rose
by almost a third as well.
Reagan said one key to getting the
economy moving is to get rid of govern
ment regulations that hinder business. He
cited the railroad industry as an example
of what such deregulation can do.
"It wasn't long ago that people were
saying the railroads couldn't make it
without government subsidies," he said.
Reagan departed several times from
his prepared speech, relating easily to his
audience. At one point near the end of his
remarks, a loud bang came from one part
of the Civic Auditorium. "Missed me,"
Reagan said with a grin. Then came a roar
of applause.
Scoth of NEBRASKA EAST UtllOll
AT
SouPt.RSfllADAl.Uy
FmdvOept.
H - lo P.M.
P0Mt6TC AND lfP6R-re.t
CoLLfcGL Students:
Z.0 off Food ts
ALL SE.ttS-T?v lOlTH
VMJX STUDfchJT I.D.
3 )
Mr
U East
MURPHYST. PAUL 7:45 p.m.
