ᴅᴏᴍᴇsᴛɪᴄ ᴘᴏʟɪᴄɪᴇs, ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ

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opposition of economic policies

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    Keynesian Fine-Tuning

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relied on Council of Economic Advisers

adhere to "new economics" of time

when econ not at full employment, tax cut keep more

income in public hands

built on theories of British economist John Maynard Keynes

contended people's lack of consumption and purchasing

power cause of Great Depression

planned a tax cut for 1964

saving in unemployment benefits, rising tax revenues 

compensate for loss in fed revenue

by 1968 additional national expenses for Viet war change

economic balance

CEA tend to have Ivy League backgrounds

Defense Secretary Robert MacNamara - experience in private sector

1962 - Kennedy negotiate wage agreement in steel industry

industrialists complained about anti business tendencies

Kennedy embody early 1960s liberalism

gov role in improving econ

moderate like Northern Democrats

young people more radical position

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         Domestic Reform

                Efforts

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resemble Harry S. Truman

call for med insurance for elderly, aid to education, fed funds for

housing

secured expansion of Social Security, increase in minimum

wage, modest budget for housing

medical care for elderly, fed aid to public schools defeated

by Republicans and conservative southern Democrats