How do I document that case? Seven years later, the richest 1 percent of our society pays 20 percent less in taxes. The poorest 10 percent pay 20 percent more: Reaganomics.

Reagan gave the rich and the powerful a multibillion-dollar party. Now the party is over. He expects the people to pay for the damage. I take this principal position, convention, let us not raise taxes on the poor and the middle-class, but those who had the party, the rich and the powerful, must pay for the party.

I just want to take common sense to high places. We're spending one hundred and fifty billion dollars a year defending Europe and Japan 43 years after the war is over. We have more troops in Europe tonight than we had seven years ago. Yet the threat of war is ever more remote.

Germany and Japan are now creditor nations; that means they've got a surplus. We are a debtor nation -- means we are in debt. Let them share more of the burden of their own defense. Use some of that money to build decent housing. Use some of that money to educate our children. Use some of that money for long-term health care. Use some of that money to wipe out these slums and put America back to work!

I just want to take common sense to high places. If we can bail out Europe and Japan; if we can bail out Continental Bank and Chrysler -- and Mr. Iacocca, make [sic] 8,000 dollars an hour -- we can bail out the family farmer.

I just want to make common sense. It does not make sense to close down six hundred and fifty thousand family farms in this country while importing food from abroad subsidized by the U.S. Government. Let's make sense.

It does not make sense to be escorting all our tankers up and down the Persian Gulf paying $2.50 for every one dollar worth of oil we bring out, while oil wells are capped in Texas, Oklahoma, and Louisiana. I just want to make sense.

Leadership must meet the moral challenge of its day. What's the moral challenge of our day? We have public accommodations. We have the right to vote. We have open housing. What's the fundamental challenge of our day? It is to end economic violence. Plant closings without notice -- economic violence. Even the greedy do not profit long from greed -- economic violence.

Most poor people are not lazy. They are not black. They are not brown. They are mostly White and female and young. But whether White, Black or Brown, a hungry baby's belly turned inside out is the same color -- color it pain; color it hurt; color it agony.

Most poor people are not on welfare. Some of them are illiterate and can't read the want-ad sections. And when they can, they can't find a job that matches the address. They work hard everyday.

I know. I live amongst them. I'm one of them. I know they work. I'm a witness. They catch the early bus. They work every day.

They raise other people's children. They work everyday.

They clean the streets. They work everyday. They drive dangerous cabs. They work everyday. They change the beds you slept in in these hotels last night and can't get a union contract. They work everyday.

No, no, they are not lazy! Someone must defend them because it's right, and they cannot speak for themselves. They work in hospitals. I know they do. They wipe the bodies of those who are sick with fever and pain. They empty their bedpans. They clean out their commodes. No job is beneath them, and yet when they get sick they cannot lie in the bed they made up every day. America, that is not right. We are a better Nation than that. We are a better Nation than that.

We need a real war on drugs. You can't "just say no." It's deeper than that. You can't just get a palm reader or an astrologer. It's more profound than that.

We are spending a hundred and fifty billion dollars on drugs a year. We've gone from ignoring it to focusing on the children. Children cannot buy a hundred and fifty billion dollars worth of drugs a year; a few high-profile athletes -- athletes are not laundering a hundred and fifty billion dollars a year -- bankers are.

I met the children in Watts, who, unfortunately, in their despair, their grapes of hope have become raisins of despair, and they're turning on each other and they're self-destructing. But I stayed with them all night long. I wanted to hear their case.

They said, "Jesse Jackson, as you challenge us to say no to drugs, you're right; and to not sell them, you're right; and not use these guns, you're right." (And by the way, the promise of CETA [Comprehensive Employment and Training Act]; they displaced CETA -- they did not replace CETA.)

"We have neither jobs nor houses nor services nor training -- no way out. Some of us take drugs as anesthesia for our pain. Some take drugs as a way of pleasure, good short-term pleasure and long-term pain. Some sell drugs to make money. It's wrong, we know, but you need to know that we know. We can go and buy the drugs by the boxes at the port. If we can buy the drugs at the port, don't you believe the Federal government can stop it if they want to?"

They say, "We don't have Saturday night specials anymore." They say, "We buy AK47's and Uzi's, the latest make of weapons. We buy them across the along these boulevards."

You cannot fight a war on drugs unless and until you're going to challenge the bankers and the gun sellers and those who grow them. Don't just focus on the children; let's stop drugs at the level of supply and demand. We must end the scourge on the American Culture.

Leadership. What difference will we make? Leadership. Cannot just go along to get along. We must do more than change Presidents. We must change direction.

Leadership must face the moral challenge of our day. The nuclear war build-up is irrational. Strong leadership cannot desire to look tough and let that stand in the way of the pursuit of peace. Leadership must reverse the arms race. At least we should pledge no first use. Why? Because first use begets first retaliation. And that's mutual annihilation. That's not a rational way out.

No use at all. Let's think it out and not fight it our because it's an unwinnable fight. Why hold a card that you can never drop? Let's give peace a chance.

Leadership. We now have this marvelous opportunity to have a breakthrough with the Soviets. Last year 200,000 Americans visited the Soviet Union. There's a chance for joint ventures into space -- not Star Wars and war arms escalation but a space defense initiative. Let's build in the space together and demilitarize the heavens. There's a way out.

America, let us expand. When Mr. Reagan and Mr. Gorbachev met there was a big meeting. They represented together one-eighth of the human race. Seven-eighths of the human race was locked out of that room. Most people in the world tonight -- half are Asian, one-half of them are Chinese. There are 22 nations in the Middle East. There's Europe; 40 million Latin Americans next door to us; the Caribbean; Africa -- a half-billion people.

Most people in the world today are Yellow or Brown or Black, non-Christian, poor, female, young and don't speak English in the real world.

This generation must offer leadership to the real world. We're losing ground in Latin America, Middle East, South Africa because we're not focusing on the real world. That's the real world. We must use basic principles -- support international law. We stand the most to gain from it. Support human rights -- we believe in that. Support self-determination -- we're built on that. Support economic development -- you know it's right. Be consistent and gain our moral authority in the world. I challenge you tonight, my friends, let's be bigger and better as a Nation and as a Party.

We have basic challenges -- freedom in South Africa. We've already agreed as Democrats to declare South Africa to be a terrorist state. But don't just stop there. Get South Africa out of Angola; free Namibia; support the front line states. We must have a new humane human rights consistent policy in Africa.

I'm often asked, "Jesse, why do you take on these tough issues? They're not very political. We can't win that way."

If an issue is morally right, it will eventually be political. It may be political and never be right. Fannie Lou Hamer didn't have the most votes in Atlantic City, but her principles have outlasted every delegate who voted to lock her out. Rosa Parks did not have the most votes, but she was morally right. Dr. King didn't have the most votes about the Vietnam War, but he was morally right. If we are principled first, our politics will fall in place.

"Jesse, why do you take these big bold initiatives?" A poem by an unknown author went something like this: "We mastered the air, we conquered the sea, annihilated distance and prolonged life, but we're not wise enough to live on this earth without war and without hate."

As for Jesse Jackson: "I'm tired of sailing my little boat, far inside the harbor bar. I want to go out where the big ships float, out on the deep where the great ones are. And should my frail craft prove too slight for waves that sweep those billows o'er, I'd rather go down in the stirring fight than drowse to death at the sheltered shore."

We've got to go out, my friends, where the big boats are.

And then for our children. Young America, hold your head high now. We can win. We must not lose you to drugs and violence, premature pregnancy, suicide, cynicism, pessimism and despair. We can win. Wherever you are tonight, I challenge you to hope and to dream. Don't submerge your dreams. Exercise above all else, even on drugs, dream of the day you are drug free. Even in the gutter, dream of the day that you will be up on your feet again.

You must never stop dreaming. Face reality, yes, but don't stop with the way things are. Dream of things as they ought to be. Dream. Face pain, but love, hope, faith and dreams will help you rise above the pain. Use hope and imagination as weapons of survival and progress, but you keep on dreaming, young America. Dream of peace. Peace is rational and reasonable. War is irrationable [sic] in this age, and unwinnable.

Dream of teachers who teach for life and not for a living. Dream of doctors who are concerned more about public health than private wealth. Dream of lawyers more concerned about justice than a judgeship. Dream of preachers who are concerned more about prophecy than profiteering. Dream on the high road with sound values.

And then America, as we go forth to September, October, November and then beyond, America must never surrender to a high moral challenge.

Do not surrender to drugs. The best drug policy is a "no first use." Don't surrender with needles and cynicism. Let's have "no first use" on the one hand, or clinics on the other. Never surrender, young America. Go forward.

America must never surrender to malnutrition. We can feed the hungry and clothe the naked. We must never surrender. We must go forward.

We must never surrender to illiteracy. Invest in our children. Never surrender; and go forward. We must never surrender to inequality. Women cannot compromise ERA or comparable worth. Women are making 60 cents on the dollar to what a man makes. Women cannot buy meat cheaper. Women cannot buy bread cheaper. Women cannot buy milk cheaper. Women deserve to get paid for the work that you do. It's right! And it's fair.

Don't surrender, my friends. Those who have AIDS tonight, you deserve our compassion. Even with AIDS you must not surrender.

In your wheelchairs. I see you sitting here tonight in those wheelchairs. I've stayed with you. I've reached out to you across our Nation. And don't you give up. I know it's tough sometimes. People look down on you. It took you a little more effort to get here tonight. And no one should look down on you, but sometimes mean people do. The only justification we have for looking down on someone is that we're going to stop and pick them up.

But even in your wheelchairs, don't you give up. We cannot forget 50 years ago when our backs were against the wall, Roosevelt was in a wheelchair. I would rather have Roosevelt in a wheelchair than Reagan and Bush on a horse. Don't you surrender and don't you give up. Don't surrender and don't give up!

Why I cannot challenge you this way? "Jesse Jackson, you don't understand my situation. You be on television. You don't understand. I see you with the big people. You don't understand my situation."

I understand. You see me on TV, but you don't know the me that makes me, me. They wonder, "Why does Jesse run?" because they see me running for the White House. They don't see the house I'm running from.

I have a story. I wasn't always on television. Writers were not always outside my door. When I was born late one afternoon, October 8th, in Greenville, South Carolina, no writers asked my mother her name. Nobody chose to write down our address. My mama was not supposed to make it, and I was not supposed to make it. You see, I was born of a teen-age mother, who was born of a teen-age mother.

I understand. I know abandonment, and people being mean to you, and saying you're nothing and nobody and can never be anything.

I understand. Jesse Jackson is my third name. I'm adopted. When I had no name, my grandmother gave me her name. My name was Jesse Burns 'til I was 12. So I wouldn't have a blank space, she gave me a name to hold me over. I understand when nobody knows your name. I understand when you have no name.

I understand. I wasn't born in the hospital. Mama didn't have insurance. I was born in the bed at [the] house. I really do understand. Born in a three-room house, bathroom in the backyard, slop jar by the bed, no hot and cold running water. I understand. Wallpaper used for decoration? No. For a windbreaker. I understand. I'm a working person's person. That's why I understand you whether you're Black or White. I understand work. I was not born with a silver spoon in my mouth. I had a shovel programmed for my hand.

My mother, a working woman. So many of the days she went to work early, with runs in her stockings. She knew better, but she wore runs in her stockings so that my brother and I could have matching socks and not be laughed at at school. I understand.

At 3 o'clock on Thanksgiving Day, we couldn't eat turkey because momma was preparing somebody else's turkey at 3 o'clock. We had to play football to entertain ourselves. And then around 6 o'clock she would get off the Alta Vista bus and we would bring up the leftovers and eat our turkey -- leftovers, the carcass, the cranberries -- around 8 o'clock at night. I really do understand.

Every one of these funny labels they put on you, those of you who are watching this broadcast tonight in the projects, on the corners, I understand. Call you outcast, low down, you can't make it, you're nothing, you're from nobody, subclass, underclass; when you see Jesse Jackson, when my name goes in nomination, your name goes in nomination.

I was born in the slum, but the slum was not born in me. And it wasn't born in you, and you can make it.

Wherever you are tonight, you can make it. Hold your head high; stick your chest out. You can make it. It gets dark sometimes, but the morning comes. Don't you surrender!

Suffering breeds character, character breeds faith. In the end faith will not disappoint.

You must not surrender! You may or may not get there but just know that you're qualified! And you hold on, and hold out! We must never surrender!! America will get better and better.

Keep hope alive. Keep hope alive! Keep hope alive! On tomorrow night and beyond, keep hope alive!

I love you very much. I love you very much.