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1961 - Speech, President Kennedy: Special Message To Congress, TRACK ONLY R1 of 2 Pt. 2 of 6

Reel Number: H2027-03-P2

Color: Black and White

Sound: SD

Year / Date: 1961

Country: USA

Location: DC,Washington

TC Begins: 19:19:33

TC Ends: 19:24:05

Duration: 00:04:32

1961 - Speech, President Kennedy: Special Message To Congress, TRACK ONLY R1 of 2 Pt 2 of 6 Continued... Yet there is much we can do--and must do. The proposals I bring before you are numerous & varied. They arise from the host of special opportunities & dangers which have become increasingly clear in recent months. Taken together, I believe that they can mark another step forward in our effort as a people. I am here to ask the help of this Congress & the nation in approving these necessary measures. 19:20:06 The first & basic task confronting this nation this year was to turn recession into recovery. An affirmative anti-recession program, initiated w/ your cooperation, supported the natural forces in the private sector; & our economy is now enjoying renewed confidence and energy. The recession has been halted. Recovery is under way. (applause) 19:20:44 But the task of abating unemployment & achieving a full use of our resources does remain a serious challenge for us all. Large-scale unemployment during a recession is bad enough, but large-scale unemployment during a period of prosperity would be intolerable. 19:21:06 I am therefore transmitting to the Congress a new Manpower Development & Training program, to train or retrain several hundred thousand workers, particularly in those areas where we have seen chronic unemployment as a result of technological factors in new occupational skills over a four-year period, in order to replace those skills made obsolete by automation & industrial change w/ the new skills which the new processes demand. 19:21:43 It should be a satisfaction to us all that we have made great strides in restoring world confidence in the dollar, halting the outflow of gold & improving our balance of payments. During the last two months, our gold stocks actually increased by seventeen million dollars, compared to a loss of 635 million dollars during the last two months of 1960. We must maintain this progress--& this will require the cooperation & restraint of everyone. As recovery progresses, there will be temptations to seek unjustified price & wage increases. These we cannot afford. They will only handicap our efforts to compete abroad & to achieve full recovery here at home. Labor & management must--& I am confident that they will--pursue responsible wage & price policies in these critical times. I look to the President's Advisory Committee on Labor-Management Policy to give a strong lead in this direction. 19:22:58 Moreover, if the budget deficit now increased by the needs of our security is to be held within manageable proportions, it will be necessary to hold tightly to prudent fiscal standards; & I request the cooperation of the Congress in this regard--to refrain from adding funds or programs, desirable as they may be, to the Budget--to end the postal deficit, as my predecessor also recommended, thru increased rates--a deficit incidentally, this year, which exceeds the fiscal 1962 cost of all the space & defense measures that I am submitting today--to provide full pay-as-you-go highway financing--& to close those tax loopholes earlier specified. Our security & progress cannot be cheaply purchased; and their price must be found in what we all forego as well as what we all must pay. Continued... 25May61; Presidential Speeches; Cold War; NOTE: Any continuous 15 minutes of 19:13:56 - 19:42:07 sold at per reel rate.

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