Jfk And The Reagan Revolution

Though popular history places the 1950s at the pinnacle of post-war prosperity, the truth is that the 1960s were the rea... (more)

Though popular history places the 1950s at the pinnacle of post-war prosperity, the truth is that the 1960s were the real decade of economic success. The Dow Jones nearly doubled between 1962 and 1966, the recurring recessions of the Eisenhower years ended, and America saw a run of economic growth that ranks among the biggest in its history. Today, the Left would have voters believe that the 1960s boom happened despite, or even because of, high taxes. In fact, America enjoyed this era of prosperity because John F. Kennedy, the great hero of liberals today, embraced the very conservative ideas of supply-side economics. To the horror of fellow liberals, he initiated tax cuts that launched America's economy into years of growth--and that later inspired Ronald Reagan to imitate them. (less)