Rosy View Of Economy Is Outlined: Kennedy Message Also Asks Curbs on ...
President Kennedy yesterday painted the economyÛªs prospects for this year in rosy colors. But at the same time, he and his advisers spelled out four measures to curb future slumps and check possible price inflation.</br></br>In the PresidentÛªs annual economic message, Mr. Kennedy credited his Administration with playing a major role in reversing last yearÛªs recession and heading the economy toward high employment.</br></br>potential, he said, and unemployment is ÛÏfar too high.Û But if the recovery continues on course, he said, by the middle of next year, output will run at a $600 billion rate, and only one in 25 workers will be joblessÛÓthe AdministrationÛªs temporary target.</br></br>Mr '.Kenndy observed that ÛÏrecurrent recessions have thrown the American economy off'stride at a time when the economies of other major industrial-countries have moved</br></br>One proposal asked for stand-by tax cut power. The ; President wants authority to J pump up to $10 billion a year into the spending stream by slicing as much as five percentage points off each tax