Sometimes we try to justify this unsavory business on the cynical ground that by rationing out the means of violence we can somehow control the world… - Jimmy Carter

A party with a narrow vision, a party that is afraid of the future, a party whose leaders are inclined to shoot from the hip, a party that has never been willing to put its investment in human beings who are below them in economic and social status.

The achievement of all our goals depends on the first one that I mentioned-a strong and a growing economy. At the beginning of this administration, less than 4 months ago, our economy was still floundering from the worst recession in 40 years. The well-being of our people was squeezed between the twin pressures of high unemployment and inflation. That picture has already improved because we have restored the confidence of consumers and business. Last month, the number of Americans with jobs in the private sector of our economy went over 90 million for the first time in our country's history. Eight hundred thousand people have gone off the unemployment rolls since December. Half a million found jobs in April alone. Private surveys have shown that business investment plans for 1977 are up significantly, more than 15 percent, compared to 1976. Unemployment now stands at the lowest level in 29 months--down a full 1 percent since last November. But of course, you know and I know that a 7-percent unemployment rate is still completely unacceptable. We still have a long way to go.

Well, as you know, we are not introducing new weapons into the Middle East. F-15's are already being delivered into the Middle East. Also, I have pledged myself to cut down on the volume of weapons each succeeding year as long as I'm in office, barring some unpredictable, worldwide military outbreak. This year there will be less weapons sales than last year, and this will include, of course, the Middle East. I think it's very good for nations to turn to us for their security needs, instead of having to turn to the Soviet Union as they have in the past. I'm talking specifically about Egypt. And you have to remember that Saudi Arabia has never had any active aggression against Israel. Saudi Arabia is our ally and friend. Egypt is our ally and friend. Israel is our ally and friend. To maintain security in that region is important. Egypt has other threats against its security. The Soviets are shipping massive quantities of weapons into the Middle Eastern area now, into the Red Sea area—Ethiopia, into Syria, Iraq, Libya-and we cannot abandon our own friends. So, I don't think that it's wrong at all to ensure stability or the right to defend themselves in a region with arms sales. We are continuing multinational negotiations with other sellers of weapons to get them to join with us in a constant step-by-step, year-by-year reduction in total arms sales. If they do, I think the world will be much more peaceful in the future.