They were very much fiscalists in those days, and they wanted to get the budget deficit down - even though it even though it was rather modest by today’s terms. Now, the irony of that time was that business opposed it. He thought they’d all help produce jobs.Īnd he did, in 1963, come out for a tax cut. He really did subscribe to Keynesian beliefs that the government needed to stimulate the economy.Īnd of course he believed in the space program for all kinds of reasons - that being one of them he believed in a big defense build-up for that reason, too. Matthews: It was surprising because this is one area where Republicans of the supply-side school have championed his legacy. Hobson: Well, we know about Kennedy as a visionary a foreign policy president. His new book, “ Jack Kennedy: Elusive Hero” is out today. Here to talk about that with us is Chris Matthews from MSNBC’s Hardball. Kennedy - a liberal icon - whose economics were anything but liberal. Jeremy Hobson: Well from a popular vote to a very popular President, who was in office 50 years ago.
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