Gorby: we should've decentralized and given more power to different republics
Gorby: But we were too late in doing that
Gorby: in opinion polls, up to 80% of people regret the breakup of USSR
Gorby: but only 9% want USSR to be restored
Gorby: nations have grown, culture has grown, and they can now be sovereign
Gorby: finally, we made a mistake with shortage of consumer goods and food
Gorby: you know how much we were spending on defense, so we could've taken $10B-$15B out of the defense budget and moved it to consumer goods
Gorby: but achievements of perestroika, inside and outside USSR, are significant
Question #6: If you were elected president of Russia in 2012, what would your first three steps be?
Gorby: I wouldn't want to discuss it, because it's not a realistic possibility
Gorby: this question comes too late
Simpson, to student: You're the first one to stump the president this year!
Gorby: You didn't stump me! I answered the question
Gorby: Thatcher asked her a couple years ago if Gorby would want to be in charge again.
Gorby: "I said no, I'm fed up with it." Thatcher: "But I would!"
Question #7: What was your reaction to Reagan's speech to "tear down this wall"?
Gorby: I'm answered this in my remarks
Gorby: Reagan's first profession was an actor, and he was a good actor
Question #8: There was a lot of excitement when the USSR ended, and there was hope Russia would be democratic. Where do we go from here? Has it failed? Do we need more time?
Gorby: I think a lot has been achieved during those years. We have a Parliament. We have elected courts
Gorby: We have a competitive environment in politics and economics
Gorby: And certainly glasnost and freedom
Gorby: new generations will never agree to live without freedom
Gorby: We are probably just halfway down the path [to democracy]. There is still a lot of work ahead of us to create a successful democratic state
Gorby: I have criticized our governmen
So far, Gorbachev hasn't said Vladimir Putin's name once
Gorby: Of course I could say critical things about Reagan and Bush. But the most important thing is they were remarkable presidents
Simpson: there were two leaders he and his wife will never forget in their travels: Gorbachev and Anwar Sadat of Egypt
Simpson: Gorbachev is one of the greatest human beings
Simpson and Gorbachev shake hands
And that's about it! Gov Mead and UW President Buchanan come up on stage
Gorby: "I wish you good luck and good weather. I know it's not always so."
And to work on your problems and to solve all the problems you have in the coming year
GORBY'S GOT A COWBOY HAT ON!
And he walks off the stage...and into the sunset
Thanks for reading this liveblog of Mikhail Gorbachev's speech at the University of Wyoming! Have a wonderful day!