J.F.Kennedy简介及其经济影响

ECONOMIC President John F. Kennedy believed that Congress needed to lower taxes in order for the economy to expand and generate more jobs. Infact, lower tax rates actually lead to increased tax revenues. Income tax cuts were indeed one of the biggest priorities for his presidency. And even though he pushed for it throughout his short time as president, the first round of his proposed tax breaks was not passed till February 1964, 3 months after his death.




NEGATIVE

IMPACT
Kennedy had campaigned on the slogan of “getting America moving again” .His very public 1961 dispute with US Steel president Roger Blough over an increase in steel prices had reinforced the business community’s suspicions of his motives. Kennedy had won the battle but lost the war—the price increase was canceled but US Steel also announced that its new plants would be built abroad. By 1962, Kennedy’s domestic political fortunes seemed bleak. Unemployment remained high and the stock market had failed to recover after losing a quarter of its value.

THE RECESSION

Kennedy ran for office against Republican Vice-President Richard Nixon during the 1960 recession, which had started in April. Voters responded to his hard-core promise to get America moving again.

BEHAVIOR DURING POLITICS
1 Develop an Apollo plan and assert that humans will land on the moon. 2 Solved the Cuban Missile Crisis and signed the Nuclear Test Treaty for the United States, the Soviet Union and the United Kingdom. 3 A large number of legislation to reduce income tax and legislation to expand human rights were proposed and passed after his death. In exchange for personal welfare, the welfare of the general public in the United States. He is the most popular president of the American people. But it was assassinated in 1963, and this is still a puzzle.

ECONOMIC POLICY
During his tenure, Kennedy abolished some harsh fiscal policies and relaxed monetary policy to keep interest rates low, thus encouraging economic growth. This move was later criticized as part of the economic problems of the 1970s, as the government's huge spending contributed to inflation
JOHN F. KENNEDY
INTRODUCTION

The 35th President of the United States, a member of the famous American Kennedy family. （Political family） Kennedy has put forward many plans in terms of domestic policies, such as: improving urban housing conditions, developing education, reforming the tax system, modifying agricultural plans, protecting and developing natural resources, providing good health care for the elderly, combating racial discrimination, and giving black people Take fair rights and so on. However, most of these plans have been hampered by all parties in the implementation process, especially in Congress.
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Kennedy ended the recession in two ways. First, he set an inspiring vision for the country in his Inaugural Address,
Second, he fulfilled his campaign pledge. In his first State of the Union Address, he said, "I will propose within the next 14 days measures aimed at ensuring a prompt recovery and paving the way for increased long-range growth." Kennedy did this by pumping billions into the economy right away. He didn't need Congressional approval. He merely directed federal agencies to move their budgeted spending forward as quickly as possible. In this way, JFK dumped a billion dollars in state highway aid funds into circulation. He accelerated payment of farm price supports, tax refunds, and GI life insurance dividends. He created a Food Stamp program and expanded Employment Offices. Finally, he asked the Fed to use its open market operations to buy Treasury notes. The move would keep long-term interest rates low. The Fed also lowered the fed funds rate from 4 percent to 1.98 percent to lower shortterm rates. A review of gross domestic product by year reveals growth increased by 2.6 percent in 1961, and by 6.1 percent in 1963. Most important, Kennedy made clear that he would continue government spending as long as needed to not only end the recession but get the recovery off to a solid start. He made good on his word, battling a rising 6.1 percent unemployment rate.