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Octafish

(55,745 posts)
15. JFK Battled Wall Street and Big Business
Sat Mar 9, 2013, 09:43 PM
Mar 2013
"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 The Fed. I'd bet on We the People ALL enjoying the fruits of our labor, not just the owners of Wal Mart, Jackson Stephens, James Bath, the bin Ladens and whoever and whatever else passes for concentrated wealth these days.

But, after Dallas, that Democratic vision was never to be. And today, we can't even prosecute the banksters and warmongers who lied America into illegal, immoral, unnecessary and disastrous wars, let alone get after JFK's killers -- or their descendants, the Ruling Class.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Opposing the common good Berlum Mar 2013 #1
boy is that ever the perfect graphic. ! BlancheSplanchnik Mar 2013 #2
This graphic needs to go viral on facebook. smirkymonkey Mar 2013 #5
Post To Facebook - Far And Wide cantbeserious Mar 2013 #7
This graphic is perfect and a perspective I try use in the water cooler wars. GoneFishin Mar 2013 #8
Outstanding summary jsr Mar 2013 #9
Nice! And you can add to that "Investing Republican". raouldukelives Mar 2013 #10
k/r marmar Mar 2013 #3
There are a goodly number of them skepticscott Mar 2013 #4
Good mtasselin Mar 2013 #6
Of course they do..... Wounded Bear Mar 2013 #11
They call it "collectivism" or "socialism" gollygee Mar 2013 #12
It's been that way since Nov. 22, 1963, Noam. Octafish Mar 2013 #13
k&r Electric Monk Mar 2013 #14
JFK Battled Wall Street and Big Business Octafish Mar 2013 #15
Latest Discussions»General Discussion»Chomsky: Corporations and...»Reply #15