There are worse things to be called than a dreamer.

The societies which have achieved the most spectacular broad-based economic progress in the shortest period of time are not the most tightly controlled, not necessarily the biggest in size, or the wealthiest in natural resources. No, what unites them all is their willingness to believe in the magic of the marketplace.

Freedom is one of the deepest and noblest aspirations of the human spirit. People, worldwide, hunger for the right of self-determination, for those inalienable rights that make for human dignity and progress. America must remain freedom's staunchest friend, for freedom is our best ally and it is the world's only hope to conquer poverty and preserve peace. Every blow we inflict against poverty will be a blow against its dark allies of oppression and war. Every victory for human freedom will be a victory for world peace.

I couldn't help but say to [Mr. Gorbachev], just think how easy his task and mine might be in these meetings that we held if suddenly there was a threat to this world from another planet. [We'd] find out once and for all that we really are all human beings here on this earth together.

I don't have to tell you how fragile this precious gift of freedom is. Every time we hear, watch, or read the news, we are reminded that liberty is a rare commodity in this world.

We have seen numerous instances in which American businesses have brought in foreign skilled workers after having laid off skilled American workers, simply because they can get the foreign workers more cheaply. It has become a major means of circumventing the costs of paying skilled American workers or the costs of training them.

Let us thank God for life and the blessings He's put before us. High among them are our families, our freedom, and the opportunities of a new year.