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25 Business had full confidence in the administrations in power in 1929, 1954, 1958 and 1960 -- but this was not enough to prevent recession when business lacked full confidence in the economy. What matters is the capacity of the nation as a whole to deal with and approicm has its economic problems, and certainly few, if any, businessmen really want an economy which has no governmental intervention - no tariff or Taft-Hartley, no S.E.C., or . no guarantee of bank deposits, no Federal Reserve System. Indeed, when great ma jority mayle dentinee wident very would business the men ma of enforcement actions under the the p. mondare informed ahti - trust laws are taken in response to complaints by businessmen. and in the paner sem Cena demond Abericis han who thank

Document source description

This file contains materials collected by the office of President John F. Kennedy's secretary, Evelyn Lincoln, concerning President Kennedy's remarks at the 1962 Yale University graduation ceremony. In his speech the President thanks the University for the honorary degree bestowed upon him, and discusses three areas of domestic concern where the prevalence of myth dangerously impedes progress: fiscal policy, confidence in an administration, and the concept of "big government." Materials in this folder include various memoranda of suggested talking points, a draft by Special Assistant to the President and speechwriter Arthur M. Schlesinger, Jr., a press copy, and a reading copy of the speech with handwritten notations by the President, as well as a luncheon menu, program for the commencement exercises, and an additional transcript of the speech published by Yale University.

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    "ocrText": "25\nBusiness had full confidence in the\nadministrations in power in 1929, 1954,\n1958 and 1960 -- but this was not\nenough to prevent recession when\nbusiness lacked full confidence in the\neconomy. What matters is the capacity\nof the nation as a whole to deal with\nand approicm has\nits economic problems, and certainly few,\nif any, businessmen really want an\neconomy which has no governmental\nintervention - no tariff or Taft-Hartley,\nno S.E.C., or . no guarantee of\nbank deposits, no Federal Reserve\nSystem. Indeed, when great ma jority\nmayle dentinee wident very\nwould business the men ma\nof enforcement actions under the\nthe p. mondare informed\nahti - trust laws are taken in response to\ncomplaints by businessmen.\nand in the paner sem Cena demond\nAbericis han who thank"
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