No man who enters upon the office to which I have succeeded can fail to recognize how every president of the United States has placed special reliance upon his faith in God.

An across-the-board, top-to-bottom cut in personal and corporate income taxes ... to expand the incentives and opportunities of private expenditures.

We must face the fact that the United States is neither omnipotent nor omniscient, that we cannot impose our will upon the other 94 percent of mankind, that we cannot right every wrong or reverse every adversity, and that therefore there cannot be an American solution to every world problem.

In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.

Let us not despair but act. Let us not seek the Republican answer or the Democratic answer but the right answer. Let us not seek to fix the blame for the past - let us accept our own responsibility for the future.

Nor problem of human destiny is beyond human beings.

But however close we sometimes seem to that dark and final abyss, let no man of peace and freedom despair. For he does not stand alone.