Economic Follies of the 1960s Echo in the 2012 Presidential Campaign

The 2012 presidential campaign is gaining momentum. Both sides agree that the economy will be the central issue. Mitt Romney is promising to get unemployment down to 6 percent by the end of his first term and eventually to 4 percent. Barack Obama is hesitant to set a numerical target, having been burned doing that early in his term, but he makes it clear he thinks he can do better than the GOP candidate.  I hear echoes of the 1960s, when John Kennedy won the presidency with a promise to get the country moving again. It may be a good time to take a look back at that period. Read more>>>