This quote is from Reagan's announcement that
he would be running for president. It shows that
Reagan believed:

leaders such as President Carter were wrong about the nation’s future.

Explanation:

whose power in the senate is equal to the power of the speaker of the house?

states

explanation:

as the old saying goes, all politics are local. state and federal governments affect our daily lives in numerous ways. yet, in our federal system, there is supposed to be a balance between federal and state power. as james madison envisioned it in federalist no. 51, “the power surrendered by the people” would be “divided between two distinct governments,” creating a balance of power that would enable the “different governments [to] control each other.”