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The President's Reading Copy
Address on the American Economy
June 17, 1970
Good afternoon, my fellow Americans:
Today I would like to share my thoughts with you on three subjects
that reach into the homes and pocketbooks of every family:
1. Your job,
2. Your income; and
3. Your cost of living.
Specifically, I shall announce actions that will help to move us
ahead more quickly towards our goal of full employment,
economic growth and reasonable price stability.
Let us begin by recognizing these facts:
1. The American economy is the strongest in the world.
(1) This year, the number of Americans who have jobs
is the highest in our history.
(2) Even allowing for taxes and inflation, the average
real income of Americans is higher this year than
ever before, in part because of the increase in Social
Security benefits, and the reduction of the tax surcharge
which will end entirely this month.
124
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"ocrText": "The President's Reading Copy\nAddress on the American Economy\nJune 17, 1970\nGood afternoon, my fellow Americans:\nToday I would like to share my thoughts with you on three subjects\nthat reach into the homes and pocketbooks of every family:\n1. Your job,\n2. Your income; and\n3. Your cost of living.\nSpecifically, I shall announce actions that will help to move us\nahead more quickly towards our goal of full employment,\neconomic growth and reasonable price stability.\nLet us begin by recognizing these facts:\n1. The American economy is the strongest in the world.\n(1) This year, the number of Americans who have jobs\nis the highest in our history.\n(2) Even allowing for taxes and inflation, the average\nreal income of Americans is higher this year than\never before, in part because of the increase in Social\nSecurity benefits, and the reduction of the tax surcharge\nwhich will end entirely this month.\n124"
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