JFK and the Reagan Revolution: A Secret History of American Prosperity by Lawrence Kudlow & Brian Domitrovic

Author:Lawrence Kudlow & Brian Domitrovic [Kudlow, Lawrence]
Language: eng
Format: epub
Publisher: Penguin Publishing Group
Published: 2016-09-06T07:00:00+00:00

I think we have a chance. I know all the arguments against it, because I have heard them over and over again. . . . But we are going to have this program, I can assure you, or we are going to move into a recession, as we did in the 1950s when we moved through three of them. And we cannot afford to move from recession to recession with an unemployment rate of 5.7, .8, and 6 percent, and then move into another recession and come out of that recession with an unemployment rate of 7 percent, and then move along and stagger along for 24 months and move into another recession and come out of that with an unemployment rate of 8 or 9 percent.

We are going to have coming into the labor market a year from now one million more young boys and girls. . . . So we are faced with very complicated problems which require complicated solutions. It is not as easy as it was in the 1930s, in a sense, to talk about minimum wage and social security—the old slogans.

And then truly scattershot stuff, with shades possibly of Harrington:

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