State of Business: The Wary Allies

Far from being natural enemies, Government and business are natural allies.

—John F. Kennedy to the National Industrial Conference Board. Feb. 13, 1961

Though more businessmen opposed than supported John Kennedy in his bid for the presidency, many were cheered by what they heard and saw after he took office. In dealing with the recession, the President relied primarily on methods that Dwight Eisenhower had not hesitated to use before him. But as the weeks rolled by, the Kennedy Administration steadily began to play a much more aggressive role in private business...

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