Monday, May 18, 1953
JFK gave a lengthy speech in the Senate chamber on his assessment of the economy in New England. The speech ran for more than two hours and delved into great detail about the decline in the textile and fishing business in particular in Massachusetts. He lamented:
Machinery is old,; management is old; methods are old. Too often government, management, and labor have resisted new ideas and local initiative.
[154, p. 66-67]