We have, in the whole country, now brought the unemployment rate down, I'd say, about 1 percent below what it was a year ago. And as you've already heard, in Detroit itself in the last 2 or 3 years, the unemployment rate has dropped about 75 percent. But that still means that when you have a 6 or 7 percent unemployment rate nationwide among young men like you, who are black, who have a fairly good education even, the unemployment rate runs 35 or 40 percent, which is entirely too high. What we have tried to do already-and I would say the Congress has cooperated--is to concentrate our efforts on the Comprehensive Education and Training Act among young people themselves. We are now building up those jobs to 725,000. It will take a while to get up to that level. We are adding about, I'd say, in that particular program about 15,000 new jobs per week, which is a fairly big increase. About half those jobs will go to minority young people. In addition, we've got a $1 1/2 billion youth employment bill that the Congress passed, ! signed into law. This has been within the last month or so. And it's just beginning to be put into effect. Another thing that will help you is that in the public works projects that will be built in your area--and we're concentrating them more and more not in the wealthy suburban areas, but in the downtown areas where the need is greatest--at least 10 percent of those contracts in the future must go to minority business enterprises, and we're trying to make sure that the business is actually owned by a minority and not owned by the majority with just a figurehead black person whose name is used to qualify for the funds themselves. Another thing that I'd like to point out to you is this: We've got a better economy than most of the nations of the world, but we've still got a long way to go. My goal, already established, is that before this term of mine is over that we'll bring that unemployment rate down from 8 percent, which it was last December, to well under 5 percent by the time 1981 rolls around. There are not any automatic or easy answers. It's a very tough proposition. But the only thing we can do is make sure the jobs are made available in private industry, first of all, in government, second of all, and to make sure that the discrimination that has existed in the past against minority young people like you is wiped away and that we give 'a first priority in all our programs to the areas of the Nation, the areas of cities that have been hurt the worst. All those things are of substantial change or improvement over what we've seen in the past. But it's going to be a hard, long, tough proposition, and I wish you well.
president of the United States from 1977 to 1981 (1924–2024)
James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.
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Well, we've tried to make this a joint, voluntary effort on the part of government, business, and labor, so that there could be a self-imposed restraint on escalating wages and prices. Here again, I'm not in favor .of wage and price controls, either voluntary or mandatory, and the degree to which labor and business will cooperate is really up to them. I think the first step has already been taken, and that is to draft the proposal in writing and present it to the leaders in business and labor. The second step has been taken, that is, my public espousal of it in the State of the Union message. The third step is now under way, whereby, as decisions are made to increase prices and to demand wage increases, they measure the average increases of the last 2 years and try to make sure that the 1978 increases are at least less than they have had average in the last 2 years. In most cases, a patriotic motivation and one to assuage or to please the public will have at least as much or more effect than any jawboning or pressure from us. We'll offer the good service of the Council on Wage and Price Stability to assess the inflationary impact of proposals. We're not requiring, for instance-don't have any inclination nor authority to require—that labor unions propose in advance to us the demands that they'll make for fringe benefits, health programs, or for wages, but we just hope that it'll create a tone in the country of generally dampening the inflationary impact. We have now an underlying inflation rate of about 6 or 6 1/2 percent. So, that's as far as we are inclined to go. And I've met around this table with a fairly large number of the top business men and women in this country, and their response was favorable. I've had a luncheon last week with President Meany. He expressed some concern about the point that I just raised to you, that they can't submit ahead of time all of the labor union negotiating demands. We don't ask for that. But we hope that in Government, we can also set an example. But it's a strictly voluntary program that I think can work with the right sort of spirit and tone. If—the last thing I'll say about it is this—if we tried to be too intrusive in the private sector from the Government, I think there would be an adverse reaction, and the whole thing would fail. So, the degree of voluntary compliance in self-initiated compliance is the measure of whether it'll be successful. There's no way to answer your question specifically, because it's kind of an ephemeral thing, but I think it can be the source of tangible benefits.
Now, I've mentioned a lot of figures to you. I've talked a lot about programs that we've already passed, about a lot of money that's already been appropriated. And then you might say, "Well, he's talking about a lot of money and a lot of help. But I haven't seen that money in my Community yet." But the point I'm making to you is it takes time to change the trends of history and to reverse the bureaucratic mechanism to one of support and compassion and concern and enthusiasm from what was formerly reluctance or lack of enthusiasm. We have, obviously, a long way to go. So, when I talk about these figures, it's not with a sense of final accomplishments. It's with a sense of dedication to the future to perform as President of our great country in such a way as to make you proud and to let you feel that there is in the White House and there is in the Democratic Congress and there is within the Cabinet members of my administration a partner with the Urban League, eager to work in the private and governmental sectors toward common goals. I'm talking about real money, real programs to help real people in real need of help. And I'm not talking about just abstract figures--although a billion dollars is a lot of money--or meaningless statistics about percentages of reduction of unemployment. I'm talking about a flood of new programs that will be coming into your own community in the weeks and months ahead. I'm talking about my administration living up to its commitments to the poor and to the hungry and to the timid and to the weak and to the unemployed. I need your partnership and you need my partnership. And I believe that that partnership is available to us and it can have a profound impact so that you and I and my Cabinet and the Congress together can make this a better place in which to live, particularly those who haven't yet realized the guarantees expressed 200 years ago by our Founding Fathers, of life and liberty and the pursuit of happiness. We've made great strides in this country already. We still have a long way to go. And you've got my pledge to respond well to counsel, to advice, to caution, and to criticism. And I believe that this can be very constructive. And together we can put smiles on the faces instead of tears, and we can have a support of our system of government instead of a lashing out because deprived and unemployed people feel alienated from the structure of society that's been so good to all of us here. Those are my hopes and my dreams and my prayers. You're partners with me and Vernon and all of you. I'm proud of that partnership and what it can mean to us in this greatest of all nations on Earth. Thank you very much.
Also, we need tax reduction and tax reform. They go together. They add up to $25 billion in net cuts in the income taxes Americans have to pay, and they are also designed to create an additional 1 million new jobs. Seventeen billion dollars of this tax cut will be for working families in our country, personal income tax reductions, and the rest in corporate tax reductions. Corporations will also receive higher tax credits for investing in the sort of new plants, new equipment that will make New England and the rest of the Nation competitive with aggressive foreign exports. But we can't have these cuts in taxes unless we help pay for them by eliminating some of our unnecessary and unwarranted income tax subsidies. Two of these are the deferral subsidy and the DISC subsidies. Both have a particularly bad effect in New England, where competition from abroad has had such a terrible effect on businessmen and on workers alike. The deferral subsidy sets a situation in effect where multilateral corporations pay lower taxes on foreign profits than they pay on their U.S. profits. This amounts to subsidizing corporations to export jobs overseas. The so-called DISC subsidies are just as bad. They let U.S. corporations set up dummy corporations to handle foreign exports, so as to keep from paying U.S. taxes on half their profits. Both these giveaways go overwhelmingly to a few of the largest multinational corporations, and both mean that the average taxpayer has to pay the bill, more taxes, just to take up the slack caused by these subsidies. And both cost America, and particularly New England, jobs. Both loopholes should be closed. As for the famous three-martini lunch, I don't care how many martinis anyone has with lunch, but I am concerned about who picks up the check. I don't think a relatively small minority has some sort of divine right to have expensive meals, free theater tickets, country club dues, sporting events tickets paid for by heavier taxes on everybody else. If the Congress will help me by getting rid of these tax loopholes and by enacting the entire economic program, we can have a good start on correcting unemployment and inflation. The economy won't turn around overnight, of course, any more than an ocean liner can turn around on a dime. The job will require slow, careful planning, not dramatic master strokes. It will require small corrections, of course, that we adhere to very patiently. It will require careful planning, careful adjustment, careful tuning and cooperation. The machinery of the American economy is sound. We have a lot to be thankful for. It's worked well despite severe shocks, but it can work better, and that's our major goal in this country this year.
It is now 8 weeks since I became President. I have brought to office a firm commitment to a more open foreign policy. And I believe that the American people expect me to speak frankly about the policies that we intend to pursue, and it is in that spirit that I speak to you tonight about our own hopes for the future. I see a hopeful world, a world dominated by increasing demands for basic freedoms, for fundamental rights, for higher standards of human existence. We are eager to take part in the shaping of that world. But in seeking such a better world, we are not blind to the reality of disagreement, nor to the persisting dangers that confront us all. Every headline reminds us of bitter divisions, of national hostilities, of territorial conflicts, of ideological competition. In the Middle East, peace is a quarter of a century overdue. A gathering racial conflict threatens southern Africa; new tensions are rising in the Horn of Africa. Disputes in the eastern Mediterranean remain to be resolved. Perhaps even more ominous is the staggering arms race. The Soviet Union and the United States have accumulated thousands of nuclear weapons. Our two nations now have five times more missile warheads today than we had just 8 years ago. But we are not five times more secure. On the contrary, the arms race has only increased the risk of conflict.
In his early twenties, a man started collecting paintings, many of which later became famous: Picasso, Van Gogh, and others. Over the decades he amassed a wonderful collection. Eventually, the man’s beloved son was drafted into the military and sent to Vietnam, where he died while trying to save his friend. About a month after the war ended, a young man knocked on the devastated father’s door. “Sir,” he said, “I know that you like great art, and I have brought you something not very great.” Inside the package, the father found a portrait of his son. With tears running down his cheeks, the father said, “I want to pay you for this.ℍ “No,” the young man replied, “he saved my life. You don’t owe me anything.ℍ The father cherished the painting and put it in the center of his collection. Whenever people came to visit, he made them look at it. When the man died, his art collection went up for sale. A large crowd of enthusiastic collectors gathered. First up for sale was the amateur portrait. A wave of displeasure rippled through the crowd. “Let’s forget about that painting!” one said. “We want to bid on the valuable ones,” said another. Despite many loud complaints, the auctioneer insisted on starting with the portrait. Finally, the deceased man’s gardener said, “I’ll bid ten dollars.ℍ Hearing no further bids, the auctioneer called out, “Sold for ten dollars!” Everyone breathed a sigh of relief. But then the auctioneer said, “And that concludes the auction.” Furious gasps shook the room. The auctioneer explained, “Let me read the stipulation in the will: “Sell the portrait of my son first, and whoever buys it gets the entire art collection. Whoever takes my son gets everything.ℍ It’s the same way with God Almighty. Whoever takes his Son gets everything.
Again this year, if you remember back in November, it was generally thought throughout the country that if Senator Kennedy announced that he was a candidate for President that Florida would certainly go for him. We campaigned down here among you. You had confidence in me again. When the returns came in, you were in my column. I'm a southerner, and I believe in tradition. You've established a good tradition of supporting Jimmy Carter for President. I want you to help me again on November the 4th. Okay?
Our national energy plan is based on 10 fundamental principles. The first principle is that we can have an effective and comprehensive energy policy only if the Government takes responsibility for it and if the people understand the seriousness of the challenge and are willing to make sacrifices. The second principle is that healthy economic growth must continue. Only by saving energy can we maintain our standard of living and keep our people at work. An effective conservation program will create hundreds of thousands of new jobs. The third principle is that we must protect the environment. Our energy problems have the same cause as our environmental problems-wasteful use of resources. Conservation helps us solve both problems at once. The fourth principle is that we must reduce our vulnerability to potentially devastating embargoes. We can protect ourselves from uncertain supplies by reducing our demand for oil, by making the most of our abundant resources such as coal, and by developing a strategic petroleum reserve. The fifth principle is that we must be fair. Our solutions must ask equal sacrifices from every region, every class of people, and every interest group. Industry will have to do its part to conserve just as consumers will. The energy. producers deserve fair treatment, but we will not let the oil companies profiteer. The sixth principle, and the cornerstone of our policy, is to reduce demand through conservation. Our emphasis on conservation is a clear difference between this plan and others which merely encouraged crash production efforts. Conservation is the quickest, cheapest, most practical source of energy. Conservation is the only way that we can buy a barrel of oil for about $2. It costs about $13 to waste it. The seventh principle is that prices should generally reflect the true replacement cost of energy. We are only cheating ourselves if we make energy artificially cheap and use more than we can really afford. The eighth principle is that Government policies must be predictable and certain. Both consumers and producers need policies they can count on so they can plan ahead. This is one reason that I'm working with the Congress to create a new Department of Energy to replace more than 50 different agencies that now have some control over energy. The ninth principle is that we must conserve the fuels that are scarcest and make the most of those that are plentiful. We can't continue to use oil and gas for 75 percent of our consumption, as we do now, when they only make up 7 percent of our domestic reserves. We need to shift to plentiful coal, while taking care to protect the environment, and to apply stricter safety standards to nuclear energy. The tenth and last principle is that we must start now to develop the new, unconventional sources of energy that we will rely on in the next century. Now, these 10 principles have guided the development of the policy that I will describe to you and the Congress on Wednesday night.
I see an America on the move again, united, a diverse and vital and tolerant nation, entering our third century with pride and confidence, an America that lives up to the majesty of our Constitution and the simple decency of our people. This is the America we want. This is the America that we will have.
Kennedy’s opposition to our plan proved fatal; his was a powerful voice, and he and his supporters were able to block its passage. We lost a good chance to provide comprehensive national health care, and another thirty years would pass before such an opportunity came again, with just partial implementation.