Words to Live By

The World Bank and the IMF

In September 1984, the day after the President addressed the UN, he addressed a meeting of the World Bank and the International Monetary Fund. The World Bank was established along with the International Monetary Fund in 1944, at the Bretton Woods Conference. The Bank is an international financial institution that provides loans and grants to the governments of low and middle income countries for the purpose of pursuing capital projects. During the 1980s, the bank emphasized lending to service Third World debt and making structural adjustment policies that were designed to streamline the economies of developing nations.  The International Monetary Fund (IMF) oversees the stability of the world's monetary system, while the World Bank aims to reduce poverty by offering assistance to middle-income and low-income countries. You’ll hear in these remarks, that while the President lauds the work of the World Bank and IMF, he does clarify where American support needs to be because as he said: "While we would not impose our ideas, our policies, on anyone, we felt obliged to point out that no nation can have prosperity and successful development without economic freedom."

Ahead in the Polls

So 40 years ago at this time, our then 40th president was running for a second term. And just what did the polls say? Well, by the end of October 1984, the latest national opinion polls strongly favored President Reagan. Newsweek’s poll showed the president ahead by 17 points: a USA Today poll showed his lead at 23 points and US News and World Report said that its state-by-state survey showed Mr. Reagan way ahead in 45 out of the 50 states and the President “on his way to a smashing victory on November 6.” In addition to traditional campaign stops, the President used his bully pulpit to pursue his agenda; specifically, those radio addresses. So in today’s podcast, we’ll tune into one he sent in September 1984.

Country Music

Most people don’t associate Ronald Reagan with country music, but in today’s podcast, we’ll hear another side! The President actually journeyed to Nashville, Tennessee to celebrate the birthday of one of country music’s all-time greats, Roy Acuff. He met with Mr. Acuff and his family early in the day, then journeyed to the Grand Ole Opry Theater at Opryland, USA to deliver these remarks. You’ll hear the President mention Barbara Mandrell early on because as you might recall, she had been in a terrible automobile accident.

Informal Exchanges

The Press. In this podcast, we’ll cover some interesting, short, informal exchanges between the President and the Press in September 1984 – Yes, the president was in the intense throes of a political campaign and at the same time, it was the height of tensions with the Soviet Union when an impromptu meeting with Andre Gromyko, the Soviet foreign minister, was arranged. Above all, we have to remember that the story of the White House cannot be told without discussing interactions between presidents and the press. Sometimes cordial, sometimes confrontational, this relationship is fueled by the public’s desire for news about the leader of the nation and the administration’s work. Yes, all American presidents have a love-hate relationship but the harsh reality is they have to deal with them.

The Republican National Convention

Ok a little quiz…when I say August 1984 and Ronald Reagan, what comes to mind? His acceptance of the presidential nomination, of course. It’s important to remember that the President regarded the 1984 election as pivotal. Why? Because he believed the gains he had made during his first four years were in jeopardy. He wanted to preserve what he had accomplished and there were still things he wanted to do. What were those two things? Cutting the deficit and balancing the budget. Although an economic expansion was underway, he thought he could do more to stimulate the economy by making our tax system fairer and simpler. Our optimistic 40th president believed he could persuade Congress to cut more waste out of the budget and continue making our government smaller and less intrusive. So for this week’s podcast, we’ll walk down memory lane with the President to hear his remarks when accepting the nomination in 1984 in Dallas, Texas, what his objectives were, and his thoughts on his opponent, Walter Mondale. You’ll hear the President refer to San Francisco because that’s where the Democrats held their convention in July of 1984.