On the recordSeptember 21, 1964
A recession today, like those of the 1950's, would mean a loss of $20 billion a year in production, a loss of 1 1/2 million jobs, a 40 percent rise in unemployment.
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presidency.ucsb.eduA recession today, like those of the 1950's, would mean a loss of $20 billion a year in production, a loss of 1 1/2 million jobs, a 40 percent rise in unemployment.
Remarks in Atlantic City at the Convention of the United Steelworkers of America
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Thank you all for your welcome and for the wonderful work that you carry on.
We are grateful for the impressive gesture of good will and partnership that you have extended to us.