Procrustes Stretched
"intuition and imagination and intelligence"
John Fitzgerald Kennedy believed in the redistribution of wealth!
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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.
He's a progressive democrat......is this news?
John Fitzgerald Kennedy believed in the redistribution of wealth!
sre he did.
just not his wealth or his family's
John Fitzgerald Kennedy believed in the redistribution of wealth!
John Fitzgerald Kennedy believed in the redistribution of wealth!
He was Kennedy. They're born that way.
John Fitzgerald Kennedy believed in the redistribution of wealth!
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.
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.
Lets cut welfare spending to what it was under JFK... Ok?