The Economy: President Meets Recession

There was no Crisis Book to read on the U.S. economy, no reason for an ex-Senator from Massachusetts to find any surprises. "We must show the world what a free economy can do—to reduce unemployment, to put unused capacity to work, to spur new productivity, and to foster higher economic growth within a range of sound fiscal policies and relative price stability," he said in his State of the Union message. But when Kennedy got around to specific proposals in his special economic message three days later, it was pretty evident that he...

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