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This is an excerpt of the 30 minute speech supporting the Republican presidential nominee Barry Goldwater. Reagan speaks of big government, high taxation, and the "war on poverty." He addresses foreign policy issues including the risk of appeasement, "peace through strength," and the Vietnam War. The speech establishes Reagan as an important figure in the conservative wing of the Republican party.
To a significant degree, Ronald Reagan's election to the presidency stems from this speech, given on national television on behalf of, and sponsored by, Barry Goldwater's 1964 presidential campaign. The speech remains amazingly fresh as a statement of modern American conservative philosophy four decades after it was delivered.