We forget how often President's used to hold news conferences. During the JFK years is was almost every week. This Press Conference, from June 7, 1962 covers a wide range of topics. The budget, the recession, inflation, taxes and of course Medicare, which was foremost on JFK's agenda in 1962.
He opens the Press Conference with a statement:
President Kennedy: "Good afternoon. I have a brief preliminary statement. I would like to say a few words about our economic outlook and program.
I think most financial experts have realized for some time that an overpriced market could not hold up once investors recognized that inflation was ending. Price-earning ratios which averaged on Dow-Jones 23 to 1 could not be justified unless there was heavy inflation in prospect. And we have been working to prevent inflation, which gives a very misleading and spurious picture of economic health. We must not permit the effects of this adjustment, however, to hamper the growth rate of our economy, with which we have, as you know, not been fully satisfied. While our recovery from last year's recession has been a good one, production, profits, and employment are at alltime highs, and the prospects for continued economic expansion remain favorable. In view of corporate and consumer cash on hand, we should take every appropriate step to make certain that recovery is stronger and longer than before and is not cut short by a new recession.