Democratic (socialist/fascist) de facto President Kennedy, Esq. at a press conference with the national media, blames United States Steel’s recent six “dollar” per ton price increase as “seriously handicap[ping] our efforts to prevent an inflationary spiral from eating up the pensions of our older citizens, and our new gains in purchasing power.”

       NOTES:

  • It was not the increase in steel prices that was creating the inflationary spiral, but Kennedy’s reckless deficit spending that increased the money supply without a corresponding increase in the output of goods and services.
  • As an attorney (Officer of the Court) Kennedy was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].

       [restored 10/2/2022]

Subsequent Events:

8/15/1971                   6/13/1973                    10/8/1974

References:

Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 396-97.

John F. Kennedy: The President’s News Conference
www.presidency.ucsb.edu/ws/index.php?pid=8598&st=&st1=

Current U.s. National Debt:

$36,167,124,467,492

Source