President Kennedy's speech to the Chamber of Commerce was interrupted by applause only onceand that was when he said, "After all, we in the Government have a large stake in your profits." The remark was far more than a quip about taxes: the President is thoroughly aware that profits are the fuel for economic growth, stimulating businessmen to hire and to expand in order to make more profits. He also concedes that the U.S. economy is currently afflicted with a disease that has become known as the "profits squeeze."
By almost any standard, U.S. corporate profits have shrunk notably in...
To continue reading:
or
Log-In
