—President John F. Kennedy, Economic Report of the President, January 1963...If only more of today’s leaders thought like JFK.
Yeah, well he was a Democrat. Look what happened to him in 1964.
One small correction, that was november 63. Of course then in came the Great Society ideas of that jerk from Texas.
Kennedy was also in favor of reduced or eliminated tariffs. He noted the correlation between higher tariffs and reduced trade. I wrote a paper about this in school in 62 prasing his idea but then again that was at a time Economics was actually taught and studied.
Exactly what has been the positive impact of the free trade policies of the last 20 years? The standard of living of the average household has declined. The US industrial infrastructure has been gutted and our enemy China is becoming a world power thanks to outsourcing of our manufacturing. The value of the dollar has declined and we have run massive trade deficits. How has this free trade with mercantilist nations helped the average citizen or contributed to our economic strength?