News Flash: JFK Believed in the distribution of wealth!

[Procrustes Stretched]

John Fitzgerald Kennedy believed in the redistribution of wealth!

 

[Procrustes Stretched]

News Flash: JFK Believed in the Redistribution of Wealth!

Conservatives have the base of Republican dupes regurgitating a Noise Machine talking point that JFK could never get in today's Democratic party.

Fast is President John Fitzgerald Kennedy believed in the redistribution of wealth! His economic team?

This is what we got when people like Ronald Reagan succeeded in redefining the American economic arguments:
Wealthiest Americans have 288 times net worth of typical family - Sep. 11, 2012

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Here is the Con-talking-point addressed: JFK, the demand-side tax cutter. - Slate Magazine

So, was Kennedy really a forerunner to Reagan and Bush? Or are supply-siders just cynically appropriating his aura? The Republicans are right, up to a point. Kennedy did push tax cuts, and his plan, which passed in February 1964, three months after his death, did help spur economic growth. But they're wrong to see the tax reduction as a supply-side cut, like Reagan's and Bush's; it was a demand-side cut. "The Revenue Act of 1964 was aimed at the demand, rather than the supply, side of the economy," said Arthur Okun, one of Kennedy's economic advisers.
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This distinction, taught in Economics 101, seldom makes it into the Washington sound-bite wars. A demand-side cut rests on the Keynesian theory that public consumption spurs economic activity. Government puts money in people's hands, as a temporary measure, so that they'll spend it. A supply-side cut sees business investment as the key to growth. Government gives money to businesses and wealthy individuals to invest, ultimately benefiting all Americans. Back in the early 1960s, tax cutting was as contentious as it is today, but it was liberal demand-siders who were calling for the cuts and generating the controversy.

 

[buckeye45_73]

He's a progressive democrat......is this news?
The question is WHY do you believe in redistributing wealth?

 

[Greenbeard]

He's a progressive democrat......is this news?

To many, yes.

 

[GuyPinestra]

He also oversaw one of the largest tax cuts of the 20th century, saying "A rising tide lifts ALL boats."

 

[GuyPinestra]

One thread on this not enough, Dante?

 

[Stephanie]

so

 

[Liability]

John Fitzgerald Kennedy believed in the redistribution of wealth!

Cite?

Link?

Not that you would ever just make shit up or anything, Dainty.

 

[squeeze berry]

sre he did.

just not his wealth or his family's

 

[Procrustes Stretched]

sre he did.

just not his wealth or his family's

fool. It meant his family's taxes.

 

[xsited1]

John Fitzgerald Kennedy believed in the redistribution of wealth!

He was Kennedy. They're born that way.

 

[Procrustes Stretched]

John Fitzgerald Kennedy believed in the redistribution of wealth!

He was Kennedy. They're born that way.

a pragmatist, not a conservative or a progressive.

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In the area of fiscal policy, Kennedy presided over a significant change. At the start of his administration, there was an internal dispute over the budget. Treasury Secretary Dillon and certain other advisers resisted deficits because they were worried about inflation and the weakness of the dollar. On the other side were leading academic economists, such as Paul Samuelson of the Massachusetts Institute of Technology, and the Council of Economic Advisers, chaired by Walter Heller, all of whom had been influenced by John Maynard Keynes, the great English economist. They focused on achieving economic growth through the use of fiscal stimulants and were unafraid of deficits. In 1961, Kennedy came down on the side of the budget balancers, for he accepted conventional thinking, recognized the power of fiscal conservatives in Congress, and could not reconcile tax cuts, proposed by the economists, with his public theme of sacrifice.

Read more: Other domestic policies - John F. Kennedy - policy, election Other domestic policies - John F. Kennedy - policy, election

 

[beretta304]

John Fitzgerald Kennedy believed in the redistribution of wealth!

JFK?

 

[Lovebears65]

I like how the left LOVED JFK but hates Romney because he was born wealthy. JFK was as well .. Hypocrisy at its finest

 

[Procrustes Stretched]

If by a "Liberal" they mean someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people — their health, their housing, their schools, their jobs, their civil rights, and their civil liberties — someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad, if that is what they mean by a "Liberal," then I'm proud to say I'm a "Liberal."

https://en.wikiquote.org/wiki/John_F._Kennedy

Acceptance of the New York Liberal Party nomination (14 September 1960) TurnLeft: What is a Liberal?

 

[Procrustes Stretched]

Accepting the NY Liberal Party Nomination, 1960 . Kennedy . WGBH American Experience | PBS

This is an important election -- in many ways as important as any this century -- and I think that the Democratic Party and the Liberal Party here in New York, and those who believe in progress all over the United States, should be associated with us in this great effort. The reason that Woodrow Wilson and Franklin Roosevelt and Harry Truman and Adlai Stevenson had influence abroad, and the United States in their time had it, was because they moved this country here at home, because they stood for something here in the United States, for expanding the benefits of our society to our own people, and the people around the world looked to us as a symbol of hope.

I think it is our task to re-create the same atmosphere in our own time. Our national elections have often proved to be the turning point in the course of our country. I am proposing that 1960 be another turning point in the history of the great Republic.

Some pundits are saying it's 1928 all over again. I say it's 1932 all over again. I say this is the great opportunity that we will have in our time to move our people and this country and the people of the free world beyond the new frontiers of the 1960s.

 

[Procrustes Stretched]

Accepting the NY Liberal Party Nomination, 1960 . Kennedy . WGBH American Experience | PBS

Tonight we salute George Meany as a symbol of that struggle and as a reminder that the fight to eliminate poverty and human exploitation is a fight that goes on in our day. But in 1960 the cause of liberalism cannot content itself with carrying on the fight for human justice and economic liberalism here at home. For here and around the world the fear of war hangs over us every morning and every night. It lies, expressed or silent, in the minds of every American. We cannot banish it by repeating that we are economically first or that we are militarily first, for saying so doesn't make it so. More will be needed than goodwill missions or talking back to Soviet politicians or increasing the tempo of the arms race. More will be needed than good intentions, for we know where that paving leads.

This is an important election -- in many ways as important as any this century -- and I think that the Democratic Party and the Liberal Party here in New York, and those who believe in progress all over the United States, should be associated with us in this great effort. The reason that Woodrow Wilson and Franklin Roosevelt and Harry Truman and Adlai Stevenson had influence abroad, and the United States in their time had it, was because they moved this country here at home, because they stood for something here in the United States, for expanding the benefits of our society to our own people, and the people around the world looked to us as a symbol of hope.

I think it is our task to re-create the same atmosphere in our own time. Our national elections have often proved to be the turning point in the course of our country. I am proposing that 1960 be another turning point in the history of the great Republic.

Some pundits are saying it's 1928 all over again. I say it's 1932 all over again. I say this is the great opportunity that we will have in our time to move our people and this country and the people of the free world beyond the new frontiers of the 1960s.

http://en.wikipedia.org/wiki/George_Meany

William George Meany (August 16, 1894 – January 10, 1980) led labor union federations in the United States. As an officer of the American Federation of Labor, he represented the AFL on the National War Labor Board during World War II.

Meany served as President of the American Federation of Labor (AFL) from 1952 to 1955. As President of the AFL, he proposed in 1952 and managed in 1955 its merger with the Congress of Industrial Organizations (CIO). He served as President of the combined AFL-CIO from 1955 to 1979. Meany had a reputation for personal integrity, opposition to corruption and anti-communism. George Meany was called the "most nationally recognized labor leader in the country for the more than two decades spanning the middle of the 20th century."[1]

 

[Avorysuds]

Lets cut welfare spending to what it was under JFK... Ok?

 

[buckeye45_73]

NEWS FLASH: thread has already been done.....*shakes head*

 

[Procrustes Stretched]

Lets cut welfare spending to what it was under JFK... Ok?

after we adjust the wealth gap to what it was under JFK

Oh yeah, welfare is a small program. Did you mean Medicare?

Medicare is a national social insurance program, administered by the U.S. federal government since 1965, that guarantees access to health insurance for Americans ages 65 and older and younger people with disabilities as well as people with end stage renal disease. As a social insurance program, Medicare spreads the financial risk associated with illness across society to protect everyone, and thus has a somewhat different social role from for-profit private insurers, which manage their risk portfolio to maximize profitability by denying claims.[1]