Ronald Reagan
Ronald Reagan
MS tanned & youthful Governor of California RONALD REAGAN (wearing dark suit & tie, red carnation in lapel) speaking at press conference at the Sheraton Hotel, being asked by off-screen reporter if he intends on running for President in 1976; Reagan smilingly replies, "No, I think t's far too early w/ all that's confronting this nation for anyone to be talking about that. I hope & pray that the man that's in there will be so sucessful that it will settle the issue." Another off-screen reporter asks if he's ruled out the possibility of running, to which he replies, "Well, I don't think anyone can foresee that far ahead. The man that's in there may decide not to be a candidate. No one can foresee what's going to happen." TLS Ronald Reagan standing at podium, listening to off-screen reporter asking about his opinion on military re-intervention (gets cuts off before he can state where, but it's more than likely Southeast Asia; no reply from Reagan here). MSs Ronald Reagan standing at podium, listening to questions. MS shadow of CP-16 film camera on wall. MS/CU Ronald Reagan speaking: "Well, I think there's been a big let-up in teaching economics as we used to for so many years in our schools. I think there's a lack of understanding of how this system of ours works. There's a great lack of understanding about profit & the part it plays in freedom & about taxes. For example, when you sit w/ a group of bright young college people & they tell you they want more government controls of business & industry & they want business tax & the tax burden taken off the back of the individual & you explain to them that business doesn't pay taxes, it collects them for government & that every tax imposed on business winds up as a hidden sales tax paid by the individual & usually the individual least able to pay who has to go inot the market & spend the bulk of his income buying things, then they begin to see. None of the facts are being given in most classrooms. I think they are indoctrinated w/ the system that government is the answer to our social & economic problems. I think it's time they realized that government isn't the answer, government is the problem. Government doesn't solve problems, it subsidizes them." An off-screen reporter supposes (rather correctly) that Vietnam & Cambodia fall to communist regimes, what would his plan of action be. Reagan's answer is cut off.