The economy was looking up, but the budget deficit was still sky-high, there was

10 per cent unemployment, and the dollar was overvalued--or was it-- President

Reagan's Secretary of Commerce isn't so sure: "There is still enough pressure to keep the dollar as high as it is because it is the safest safe in the world for investments, and it has still comparatively high interest rates; a combination of those two is what keeps the dollar up." And why is the deficit so high? "Nine out of ten congressmen and senators that I talk to are for lower budget deficits. They all say that it is a big problem. But when it comes to specific actions of where to cut, they've all got a different reason not to cut here or cut there, so the job doesn't get done."