The Myth, The Lie, and the Injustice of Socialism: Part 8 - Ask Not What Your Country Can Do For You...
In 1952, Dwight D. Eisenhower, the General who led the Allied command to victory against Hitler, was elected President.
Ike presided over a time of general peace and prosperity in America.
President Eisenhower was a moderate Republican who supported many of the liberal programs in the 'Fair Deal' and in the 'New Deal'.
The Democrats and the Republicans at this time were in basic agreement over domestic policy.
A Democrat could be Conservative (as in John F. Kennedy), and a Republican could be quite central in terms of policy (as was President Eisenhower).
Workers’ wages were good, and the middle class grew again.
Luxury items like televisions were soon in every home, and families were entertained by programs such as 'Leave it to Beaver' and 'Father Knows Best.’
These shows emphasized traditional American values.
The 35th President of the United States seemed to symbolize a new spirit in America - John Fitzgerald Kennedy was elected by a slim margin over future President Richard Nixon in 1960.
Many concluded that the deciding factor for victory was that JFK was handsome and articulate, with an inspiring charisma.
President Kennedy Inspired the nation with his inaugural address, and he quickly became very popular.
His first two years were largely uneventful, but in October of 1962, he met the Soviets firsthand in the Cuban Missile Crisis.
The US discovered that the USSR had missiles aimed at America from the newly-Communist Caribbean country.
Communist aggression had brought the US to the edge of nuclear war.
President Kennedy quelled the aggression with diplomacy, as he brokered a nuclear weapons testing treaty.
This was a big win for the President…
President Kennedy went on to propose an across-the-board tax cut that lowered the top marginal rates by 20%.
The tax cuts were significant in lower brackets, as well as in the corporate bracket.
The bill was enacted in 1964, and the US GDP rose by 10% in the first year!
Economic growth spurred by the Kennedy tax cuts resulted in unemployment falling to under 5%.
Median family income doubled in just under 10 years.
The Federal Reserve increased from $94 billion to $150 billion by 1967.
John F. Kennedy was also a strong advocate for civil rights, but sadly, he was gunned down in Dallas on November 26th, 1963.
To this day, conspiracy theories are rampant about the death of the 35th President Of the United States of America.
Lyndon Baines Johnson succeeded John F Kennedy, and he became President number 36.
Johnson was far more liberal than his predecessor - He thought America was shameful for having great wealth, and still having poor.
LBJ declared a war on poverty that would, in his mind, create a 'Great Society.’
Congress enacted his programs, which closely resembled FDR's New Deal.
Further noting: Succeeding Presidents Nixon and Ford maintained these policies - Many of which became permanent fixtures, despite poverty levels not really changing much in over 50 years since their inception.
It is a myth that socialistic government policy ever lifts anyone above poverty!
Capitalism carries socialism, always... until it's pushed too far…
The 1950s and the early 1960s were a time of prosperity for Americans.
A family could be sustained on one income, and the American household was stable and secure.
Turbulent times lie ahead!
Stand up, America!
Coming Next: Turbulence at home and indecision in Southeast Asia.