Really...didn't blame Carter??
"The problems we inherited were far worse than most inside and out of government had expected; the recession was deeper than most inside and out of government had predicted. Curing those problems has taken more time and a higher toll than any of us wanted."
"In the last six months of 1980, as an example, the money supply increased at the fastest rate in postwar history 13 percent. Inflation remained in double digits and Government spending increased at an annual rate of 17 percent. Interest rates reached a s taggering 21 1/2 percent. There were eight million unemployed."
"First, we must understand what's happening at the moment to the economy. Our current problems are not the product of the recovery program that's only just now getting under way, as some would have you believe; they are the inheritance of decades of tax and tax, and spend"
"Now the budget deficit this year will exceed our earlier expectations. The recession did that. It lowered revenues and increased costs."
Ronald Reagan 1982 State of the Union.
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