President Kennedy is reported to be relying less and less on the National Security Council. Returning the compliment, no doubt?
Précis of President Kennedy’s August 13 speech: Mah fellow citizens. This Administration inherited an economic mess from the previous Administration. After eighty-one weeks in office we have made a recovery from that recession. The stock market is on a sounder basis. Inflation is no longer a serious threat. I believe our dollar is as good as gold, Our Tax system is a serious barrier to long-term growth. But we should not change the tax law unless there is an emergency. There will be an emergency in January 1963. We shall propose tax changes then. Meanwhile, there is no emergency, and I urge the Congress to pass bills to stimulate business investment, to increase the public works program initiated in the Great Depression, to employ a million youngsters who are out of work, to perpetuate the federal unemployment benefits program, to cut tariffs so our capital will stop retreating to foreign lands, and to get federal participation in schools and universities. George Demartz of Hazleton, Pennsylvania, got his job through the Federal Government. Let’s get this country sailing. Thank you, and good night.
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