"I think we need a very, very serious effort, primarily through tax policy to provide incentives and encouragement for people to save and invest and expand their businesses and to create more jobs. The kind of thing we did in the early Reagan years, 30 years ago. I think that's essential"

In this quote, Dick Cheney is revealing a belief in the value of financial policies geared towards cultivating savings, investment, and task production, highlighting making use of tax policy as a main tool to attain these goals. Cheney invokes the economic techniques implemented during the early years of Ronald Reagan's presidency, which started in 1981. Reagan's economic policy, typically described as "Reaganomics", focused greatly on supply-side economics. This approach aimed to increase the supply of goods and services available in the economy by minimizing taxes, particularly for people and organizations, with the belief that this would stimulate investment, expand businesses, and eventually result in task creation.

Cheney's focus on a "really, really severe effort" suggests he sees a vital need for a deliberate and focused implementation of such policies. He believes this technique should utilize tax rewards as the primary mechanism to encourage people and companies to conserve and broaden their financial activities rather of merely focusing on direct federal government intervention. By decreasing the tax problem, Cheney suggests that people will have more non reusable income to save or invest, and companies will have more capital to grow and potentially produce more tasks for the workforce.

The reference to the early Reagan years suggests admiration for the policies of deregulation, lower taxation, and a free-market technique that was championed during that period. Cheney seems to argue that these strategies led to a duration of economic expansion, higher work rates, and increased productivity, which he deems necessary for a healthy economy.

Overall, Cheney advocates for a return to these concepts, recommending that similar policies could be helpful in addressing contemporary economic obstacles-- a technique focused on rejuvenating economic development, enhancing competitiveness, and fostering a robust task market.