Kennedy started economic growth the beginning of 1962 that didn't end for a decade. It was the longest period of growth by the USA economy.
The Affordable Care Act is not causing changes in employment, if it exists then Wall Street is. No one told Wall Street to cheat the people they have as employees, they made those decisions completely on their own. That should tell Americans something.
In the 1960s the people felt so good about life they were having babies. (click here)
When JFK came into office, the USA was facing a recession. This is what he did to mend the USA economy and the 1960s turned into the single greatest growth rate in history.
The recession of 1960-1961 (click here) was mainly due to the high inflation, high unemployment rates, and a bad gross national product rating. This recession lasted for 10 months and resulted in the second longest economic expansion in U.S. history. During Kennedys 1960 presidential campaign he sought to accelerate economic growth by increasing government spending and cuttingt taxes, and increased funds for education. The GDP of the United States during this period fell 1.6%, and the unemployment rate hit its peak at 7.1%. Kennedy knew that the economy was in big trouble so he sent congress an economic growth and recovery package consisting of twelve measures. They were an increase in the minimum wage from .00 to .25 per hour, an extension of the minimum wage to a greater pool of workers, an increase in unemployment compensation with an increased aid to children of unemployed workers, an increase in social security benefits to a larger pool of people, emergency relief for feed grain farmers, area redevelopment, vocational training for displaced workers, and federal funding for home building and slum eradication. JFK ended the recession by stimulating the economy ten days after taking office.
Unions are good for the economy. They are good for everyone.
So, Wall Street was struggling in the 1960s? Right? Not at all. It was a bull market into the 1970s.
Bull and Bear Markets in the Twentieth Century (click here)
The Affordable Care Act is not causing changes in employment, if it exists then Wall Street is. No one told Wall Street to cheat the people they have as employees, they made those decisions completely on their own. That should tell Americans something.
Government is not suppose to cater to Wall Street, it is suppose to serve the people and not collapse because Wall Street has hideous ideas about unfair profits through unfair treatment of labor.
Americans need unions and contracts. Does it show? Does it show the unions have been decimated along with the middle class?
Kennedy started economic growth the beginning of 1962 that didn't end for a decade. It was the single longest period of growth in the USA. It was real. It wa
The height of the number of unions occurred in 1960 and has diminished ever since. But, these are graphs put out by the US Department of Labor regarding those years.
The pay scale was very different. The study shows income between $5000 and $6000. But, what is interesting about these graphs is the increase of income and disposable income to the middle class. ALSO at the height of the unions, women started to enter the work force. Americans need unions and contracts. Does it show? Does it show the unions have been decimated along with the middle class?
Kennedy started economic growth the beginning of 1962 that didn't end for a decade. It was the single longest period of growth in the USA. It was real. It wa
The height of the number of unions occurred in 1960 and has diminished ever since. But, these are graphs put out by the US Department of Labor regarding those years.
In the 1960s the people felt so good about life they were having babies. (click here)
When JFK came into office, the USA was facing a recession. This is what he did to mend the USA economy and the 1960s turned into the single greatest growth rate in history.
The recession of 1960-1961 (click here) was mainly due to the high inflation, high unemployment rates, and a bad gross national product rating. This recession lasted for 10 months and resulted in the second longest economic expansion in U.S. history. During Kennedys 1960 presidential campaign he sought to accelerate economic growth by increasing government spending and cuttingt taxes, and increased funds for education. The GDP of the United States during this period fell 1.6%, and the unemployment rate hit its peak at 7.1%. Kennedy knew that the economy was in big trouble so he sent congress an economic growth and recovery package consisting of twelve measures. They were an increase in the minimum wage from .00 to .25 per hour, an extension of the minimum wage to a greater pool of workers, an increase in unemployment compensation with an increased aid to children of unemployed workers, an increase in social security benefits to a larger pool of people, emergency relief for feed grain farmers, area redevelopment, vocational training for displaced workers, and federal funding for home building and slum eradication. JFK ended the recession by stimulating the economy ten days after taking office.
Unions are good for the economy. They are good for everyone.
So, Wall Street was struggling in the 1960s? Right? Not at all. It was a bull market into the 1970s.
Bull and Bear Markets in the Twentieth Century (click here)
