The President who gave that speech was JFK. He gave it to the Economic Club of New York on December 16, 1962. A Democrat who believed in the American people, not Government, to solve the nations economic problems. My, how the Democrats have changed!
The entire speech can be heard at:
http://www.jfklibrary.org/Asset+Tree/Asset+Viewers/Audio+Video+Asset+Viewer.htm?guid={A138FFB8-5B6A-4C6A-A8CC-70C6E4FF39DA}&type=Audio
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