The two income family came as a direct result of Nixon’s Vietnam spending.
Kennedy’s Vietnam policy was containment; we supplied ‘military advisors’ and propped up the South to appease the French. We were focused on the soviets and Vietnam was a sideshow.
LBJ wanted a massive knock out punch to wipe the Viet Cong out fast. Instead he got a quagmire. Johnson had to print money to pay for the war because he didn’t want to raise taxes. Nixon ran as a ‘peace candidate’ and then doubled down on Johnson’s spending. Remember, we were dropping something like a dozen Hiroshimas a day on jungle.
Inflation is getting bad, and then OPEC hits the US with the Oil Boycott. That devastates the US economy. All those cool loft buildings in places like New York’s TriBeCa and SoHo? Those were originally small factories. They emptied out because the owners couldn’t afford to runt them anymore.
The two income family came as a direct result of Nixon’s Vietnam spending.
Kennedy’s Vietnam policy was containment; we supplied ‘military advisors’ and propped up the South to appease the French. We were focused on the soviets and Vietnam was a sideshow.
LBJ wanted a massive knock out punch to wipe the Viet Cong out fast. Instead he got a quagmire. Johnson had to print money to pay for the war because he didn’t want to raise taxes. Nixon ran as a ‘peace candidate’ and then doubled down on Johnson’s spending. Remember, we were dropping something like a dozen Hiroshimas a day on jungle.
Inflation is getting bad, and then OPEC hits the US with the Oil Boycott. That devastates the US economy. All those cool loft buildings in places like New York’s TriBeCa and SoHo? Those were originally small factories. They emptied out because the owners couldn’t afford to runt them anymore.