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Show by Richard Richards Chairman, Republican National Committee SjjiSr AJ DO YOU REMEMBER INFLATION? During the last decade, inflation was one subject everyone ev-eryone talked about. Now, one hardly hears about inflation in-flation anymore, and the reason is that inflation has nearly disappeared: another anoth-er example of President Reagan's leadership, keeping campaign promises and lowering low-ering inflation. V Sixteen months ago, in-: in-: flation galloped along at 12.4 percent, slicing 12 cents a year off every dollar dol-lar one saved. Now, even if last month's inflation figures remain unchanged throughout the coming year, inflation will be less than three percent and the dollar dol-lar will be worth 9 cents more than it would have had Carter remained in office. Already, the economic results are being felt. In 1981, when the war on inflation in-flation had hardly begun a family that spent $12o' a week on groceries saved $364 that would have otherwise oth-erwise been taken away by the former rates of inflation Today, if 1980-style inflation in-flation rates were not defeated, de-feated, a pound of hamburger hambur-ger would cost $1.95 in. stead of $1.81; milk would be $1.22 a half gallon instead in-stead of $1.13; and a new car that costs $9,025 would have cost $9,200. Those price differences multiplied across 225 million mil-lion American consumers amount to a major injec- tion of economic adrenalin, lnose savings to working Americans mean cheaper goods and services, more jobs increased productivity, productivi-ty, higher salaries and reduced re-duced interest rates. Additionally, reduced in- int VttaCk" the dnma-ng dnma-ng effects of "bracket- S Where inflation kicked Americans into higher high-er and higher income tax brackets without increasing their standard of living. n Ih! at0? in "Nation is an early indicator that Pres. 'dont ReaRan,s econom. Pohcics have already begun urth 6 effeCt' a"d K've father proof that our oc my, exhausted by firiv win",,0 mi'-,enty, wll undergo a dramatic re covery in only a fewmon time. The President's P"'1 of reduced spending, duced in nation and sir tax cuts put economic into the hands of wot Americans - the pec-p" make our economy P People dont have ' keep talking about int" as long as they retnern exactly how inflation brought under control- |