President Ronald Reagan Addresses the Nation after congressional hearings on Iran-Contra affair — Transcript
Full transcript
- 0:00my fellow Americans I've said on several
- 0:02occasions that I wouldn't comment about
- 0:04the recent Congressional hearings on the
- 0:06Iran Contra matter until the hearings
- 0:09were over well that time has come so
- 0:12tonight I want to talk about some of the
- 0:14lessons we've learned but rest assured
- 0:17that's not my sole subject this evening
- 0:20I also want to talk about the future and
- 0:22getting on with things because the
- 0:24people's business is waiting these past
- 0:27nine months have been confusing and
- 0:29painful for ones for the country I know
- 0:32you have doubts in your own minds about
- 0:33what happened in this whole episode what
- 0:36I hope is not in doubt however is my
- 0:39commitment to the investigations
- 0:41themselves so far we've had four
- 0:44investigations by the justice department
- 0:46the tower board the independent councel
- 0:49and the Congress I requested three of
- 0:52those investigations and I endorsed and
- 0:55cooperated fully with the fourth the
- 0:57Congressional hearings supplying over
- 1:00250,000 pages of White House documents
- 1:04including parts of my own private
- 1:06Diaries once I realized I hadn't been
- 1:09fully informed I sought to find the
- 1:11answers some of the answers I don't like
- 1:14as the tower board reported and as I
- 1:16said last March our original initiative
- 1:19rapidly got all tangled up in the sale
- 1:22of arms and the sale of arms got tangled
- 1:24up with hostages secretary Schulz and
- 1:27secretary Weinberger both predicted
- 1:30that the American people would
- 1:32immediately assume this whole plan was
- 1:34an arms for hostages deal and nothing
- 1:37more well unfortunately their
- 1:39predictions were right as I said to you
- 1:42in March I let my preoccupation with the
- 1:45hostages intrude into areas where it
- 1:47didn't belong the image the reality of
- 1:51Americans in Chains deprived of their
- 1:54freedom and families so far from home
- 1:57burdened my thoughts and this was a
- 1:59mistake
- 2:01my fellow Americans I thought long and
- 2:02often about how to explain to you what I
- 2:05intended to accomplish but I respect you
- 2:08too much to make excuses the fact of the
- 2:10matter is that there's nothing I can say
- 2:13that will make the situation right I was
- 2:16stubborn in my pursuit of a policy that
- 2:18went astray the other major issue of the
- 2:21hearings of course was the diversion of
- 2:23funds to the Nicaraguan contess Colonel
- 2:26North and Admiral poin Dexter believed
- 2:29they were doing what I would have wanted
- 2:30done keeping the Democratic resistance
- 2:33alive in
- 2:34Nicaragua I believe then and I believe
- 2:37now in preventing the Soviets from
- 2:39establishing a beach head in Central
- 2:42America since I have been so closely
- 2:44associated with the cause of the contr
- 2:47the big question during the hearings was
- 2:49whether I knew of the diversion I was
- 2:52aware the resistance was receiving funds
- 2:54directly from third countries and from
- 2:57private efforts and I endorse those EV
- 2:59Endeavors
- 3:01wholeheartedly but let me put this in
- 3:03capital letters I did not know about the
- 3:06diversion of funds indeed I didn't know
- 3:09there were excess funds yet the buck
- 3:12does not stop with Admiral Poindexter as
- 3:14he stated in his testimony it stops with
- 3:17me I am the one who is ultimately
- 3:20accountable to the American
- 3:22people the Admiral testified or
- 3:24testified that he wanted to protect me
- 3:27yet no President should ever be
- 3:28protected from the truth no operation is
- 3:31so secret that it must be kept from the
- 3:33commanderin-chief I had the right the
- 3:37obligation to make my own decision I
- 3:40heard someone the other day ask why I
- 3:42wasn't outraged well at times I've been
- 3:45mad as a hornet anyone would be just
- 3:49look at the damage that's been done and
- 3:50the time that's been lost but I've
- 3:53always found that the best therapy for
- 3:55outrage and anger is action I've tried
- 3:58to take steps so that what we've been
- 4:00through can't happen again either in
- 4:02this Administration or future ones but I
- 4:05remember very well what the tower board
- 4:08said last February when it issued this
- 4:12report it said the failure was more in
- 4:15people than in process we can build in
- 4:19every precaution known to the world we
- 4:21can design the best system ever devised
- 4:23by man but in the end people are going
- 4:27to have to run it and we will will never
- 4:30be free of human hopes weaknesses and
- 4:33enthusiasms let me tell you what I've
- 4:35done to change both the system of the
- 4:37people who operated first of all I've
- 4:39brought in a new and knowledgeable team
- 4:42I have a new National Security adviser a
- 4:45new director of the CIA a new Chief of
- 4:48Staff here at the White House and I've
- 4:50told them that I must be informed and
- 4:52informed
- 4:54fully in addition I adopted the tower
- 4:57board's model of how the NSC process and
- 5:00staff should work and I prohibited any
- 5:03operational role by the NSC staff in
- 5:07covert
- 5:08activities the report I ordered
- 5:10reviewing our nation's covert operations
- 5:12has been completed there were no
- 5:15surprises some operations were continued
- 5:18and some were eliminated because they'd
- 5:20outlived their
- 5:22usefulness I am also adopting new
- 5:24tighter procedures of on Consulting with
- 5:27and notifying the Congress on future
- 5:29covert action findings we will still
- 5:32pursue covert operations when
- 5:34appropriate but each operation must be
- 5:37legal and it must meet a specific policy
- 5:40objective the problem goes deeper
- 5:43however than policies and
- 5:45Personnel probably the biggest lesson we
- 5:47can draw from the hearings is that the
- 5:50executive and legislative branches of
- 5:51government need to regain trust in each
- 5:54other we've seen the results of that
- 5:57mistrust in the form of Lies leaks leak
- 5:59s divisions and
- 6:01mistakes we need to find a way to
- 6:04cooperate while realizing foreign policy
- 6:07can't be run by committee and I believe
- 6:10there's now the growing sense that we
- 6:12can accomplish more by
- 6:15cooperating and in the end this may be
- 6:18the eventual blessing and disguise to
- 6:20come out of the Iran Contra mess
About this transcript
This page contains the full transcript of President Ronald Reagan Addresses the Nation after congressional hearings on Iran-Contra affair by AP Archive, generated from the public captions YouTube serves with the video. The transcript has 987 words across 150 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.
What you can do with it
Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.
Free YouTube transcript tool
YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.