Kennedy’s Economic ProgramWhen Kennedy first entered his legislative session he had to face economy that was in decline for the first time for 10 years. The two most worrying problems seemed to be unemployment and as a consequence poverty. Kennedy succeeded in turning the economy around by giving massive financial subventions to the military and to the development of space projects. Furthermore he intended to create fair relations between work and earned money through work. He wanted the workers as well as the employers to put up with lower earnings on one side and lesser profits on the other side by aiming at cheap products affordable for almost everybody. However, in reality it didn’t work as expected so that Kennedy finally had to force the steel industry to lower their prices. |
|
| Kennedy only secondly turned his attention to the problem poverty. The reason for that may have been that JFK himself had never suffered from poverty or never heard a lot of it. In those days poor people weren’t seen by the middle or upper class , because they lived in tremendously scruffy-looking areas far away from the wealthy suburbs, no rich person would have ever entered. It was in 1963 as JFK finally called for a national assault on the courses of poverty, but no concrete plan helping to achieve this followed. Instead of letting the people pay new achievements Kennedy preferred to reduce the taxes in order to stimulate the economy but Congress blocked his suggestions such as curtailing taxes because money was needed everywhere. |