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"If a free society cannot help the many who are poor, it cannot save the few who are rich"
-- Inaugural Address of John F. Kennedy, Friday, January 20, 1961
So, in the short time he had, President Kennedy did what he could to balance the interests of concentrated wealth with the interests of the average American -- necessary for the good of the country.
Professor Donald Gibson detailed the issues in his 1994 book, Battling Wall Street: The Kennedy Presidency.
From the book:
"What (J.F.K. tried) to do with everything from global investment patterns to tax breaks for individuals was to re-shape laws and policies so that the power of property and the search for profit would not end up destroying rather than creating economic prosperity for the country."
-- Donald Gibson, Battling Wall Street. The Kennedy Presidency
More on the book, by two great Americans:
"Gibson captures what I believe to be the most essential and enduring aspect of the Kennedy presidency. He not only sets the historical record straight, but his work speaks volumes against today's burgeoning cynicism and in support of the vision, ideal, and practical reality embodied in the presidency of John F. Kennedy - that every one of us can make a difference." -- Rep. Henry B. Gonzalez, Chair, House Committee on Banking, Finance, and Urban Affairs
"Professor Gibson has written a unique and important book. It is undoubtedly the most complete and profound analysis of the economic policies of President Kennedy. From here on in, anyone who states that Kennedy was timid or status quo or traditional in that field will immediately reveal himself ignorant of Battling Wall Street. It is that convincing." -- James DiEugenio, author, Destiny Betrayed. JFK, Cuba, and the Garrison Case --This text refers to an out of print or unavailable edition of this title.
Had he lived to serve a second term, I'd bet on JFK over Wall Street, Big Business and The Fed.
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