{"id":14278,"date":"2012-10-12T18:26:10","date_gmt":"2012-10-12T18:26:10","guid":{"rendered":""},"modified":"2012-10-12T18:26:10","modified_gmt":"2012-10-12T18:26:10","slug":"flashback_jfk_s_1962_speech_advocating_tax_cuts","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2012\/10\/12\/flashback_jfk_s_1962_speech_advocating_tax_cuts\/","title":{"rendered":"Flashback: JFK\u2019s 1962 Speech Advocating Tax Cuts"},"content":{"rendered":"

RUSH: Now, last night in the debate, Paul Ryan made reference to the fact that his tax plan is no different than Ronaldus Magnus and no different than JFK. At which point Joey said, (imitating Biden) “Ho, so, so now you\u2019re Jack Kennedy, too, huh, kid?” And Ryan said, “I\u2019m closer to him than you are.” Well, we, I think — it doesn\u2019t matter — but I think we were the first popular, major media outlet to dredge up a speech made by President Kennedy<\/a>, 1962, December 14th, in New York City at the New York Economic Club. It was JFK making the case for tax cuts as a means of growing the economy. In 1962.<\/p>\n

There is no Democrat alive today who would make this speech. If JFK were alive today and hadn\u2019t changed, he wouldn\u2019t find room for himself in the Democrat Party. The things that JFK says in this speech are daily mocked, laughed at, impugned, made fun of, and the people who believe in these things are targeted for personal destruction. We got \u2019em from somewhere, is my point. We dredged \u2019em up from some archives. But we were the first major media outlet to find these in the archives and play them, and here they are. It\u2019s old and scratchy, no doubt, it comes from 1962.<\/line><\/p>\n

KENNEDY: This administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 1963. I am not talking about a quickie or a temporary tax cut which would be more appropriate if a recession were imminent. Nor am I talking about giving the economy a mere shot in the arm to ease some temporary complaint. The federal government\u2019s most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities of private expenditures.<\/p>\n

RUSH: This speech was given two years before Lyndon Johnson\u2019s Great Society, two years before the Civil Rights Act, two years before the War on Poverty, two years before Medicare was created, two years before all these entitlements, other than Social Security. It was two years before the War on Poverty, 1962, the economy\u2019s in a slowdown after the fifties boom, post-war, and JFK, a Democrat popularly elected president, is advocating tax cuts in the same sense that Arthur Laffer always has or Ronald Reagan or Jack Kemp or me or anybody else with a brain.<\/p>\n

Jack Kennedy, for a time the most popular Democrat alive or dead, martyred. I wonder how many Democrats alive hearing this today had never heard it before and are having trouble believing it? JFK. There\u2019s not a Democrat alive who would make this speech today, and this speech is exactly what is needed today. The philosophies, the policies in the JFK speech is exactly what is needed today and everything JFK advocates is a opposed top-to-bottom by today\u2019s Democrat Party.<\/p>\n