Bobby Kennedy: The Making of a Liberal Icon

Bobby Kennedy: The Making of a Liberal Icon

by Larry Tye

Narrated by Marc Cashman

Unabridged — 19 hours, 47 minutes

Bobby Kennedy: The Making of a Liberal Icon

Bobby Kennedy: The Making of a Liberal Icon

by Larry Tye

Narrated by Marc Cashman

Unabridged — 19 hours, 47 minutes

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Overview

Bare-knuckle operative, cynical White House insider, romantic visionary-Robert F. Kennedy was all of these things at one time or another, and each of these aspects of his personality emerges in this powerful and perceptive biography.

History remembers RFK as a racial healer, a tribune for the poor, and the last progressive knight of a bygone era of American politics. But Kennedy's enshrinement in the liberal pantheon was actually the final stage of a journey that began with his service as counsel to the red-baiting senator Joseph McCarthy. In Bobby Kennedy, Larry Tye peels away layers of myth and misconception to capture the full arc of his subject's life. Tye draws on unpublished memoirs, unreleased government files, and fifty-eight boxes of papers that had been under lock and key for forty years. He conducted hundreds of interviews with RFK intimates, many of whom have never spoken publicly, including Bobby's widow, Ethel, and his sister, Jean. Tye's determination to sift through the tangle of often contradictory opinions means that Bobby Kennedy will stand as the definitive biography about the most complex and controversial member of the Kennedy family.


Editorial Reviews

The Barnes & Noble Review

When Robert F. Kennedy ran for a U.S. Senate seat from New York in 1964, many cried foul. John F. Kennedy's younger brother had served as attorney general in the late president's administration — an appointment that had itself generated controversy — and his candidacy in a state in which he neither resided nor voted (he lived in Virginia, voted in Massachusetts) was seen as a shameless attempt to use New York as a steppingstone for a future White House bid. The New York Times, which would eventually endorse his Republican opponent, called the campaign a "cynical" move and alleged that New York was nothing more to Kennedy than a "convenient launching-pad" for his "political ambitions."

As Larry Tye recounts in his clear-eyed and absorbing biography, Bobby Kennedy: The Making of a Liberal Icon, others saw the same naked political calculations but responded with what amounted to a shrug. Kennedy, like many of his fellow citizens, was clearly still mourning the assassination of his revered brother the year before. "If the Attorney General has a wound so great that, not to heal him but just for a little while to relieve him, he must be made a Senator, then we owe him nothing smaller," declared the veteran political journalist Murray Kempton in The New Republic.

The two reactions demonstrate how polarizing Kennedy was. To some, he was less like his brother Jack than like his ruthless, vindictive father, Joe. ("Jack made friends, Bobby enemies," Tye quips.) But traveling in America and abroad, he attracted adoring crowds inspired by his youth and his promise, even before JFK's death made him, as Tye writes, "a prince in exile." Kennedy, of course, did win the Senate seat, and he used it to launch his presidential campaign in 1968, as political observers had predicted he would. The idealistic Bobby who ran against the Vietnam War and as a champion for African Americans and the poor — and who, like his brother, was cut down in his prime by an assassin's bullet - - is the Bobby we remember today.

There was much more to Kennedy, though, and Tye cuts through the gauzy nostalgia to create a perceptive account of a life rife with contradictions, unearthed via boxes of previously unseen family papers along with interviews with RFK's widow, Ethel, his former aides, and many others who knew him. Early in his career, the liberal icon of the book's title worked as counsel to the crusading anti-Communist senator Joseph McCarthy, a position secured for him by his father; he left the job less because of disenchantment with McCarthy's overzealous witch hunts than because of his hatred for the senator's chief counsel, Roy Cohn. (Cohn was just one of RFK's famous nemeses; others included Teamsters boss Jimmy Hoffa and President Lyndon Johnson.)

Bobby, as Tye refers to him throughout the book, was drafted by his father to manage JFK's campaigns for Senate and then president, and his cutthroat techniques, along with Joe's money, helped secure Jack's victories. When Joe decided that Bobby would serve as Jack's attorney general, both sons balked; JFK worried about charges of nepotism, particularly since Bobby had never actually tried a case in a court of law. Tye describes an astonishing encounter in which Joe Kennedy told John, "By God, he deserves to be attorney general of the U.S., and by God, that's what he's going to be. Do you understand that?" The president- elect responded, "Yes, sir." Jack later joked that the job would give his little brother some legal experience.

It did, with mixed results. Take civil rights: the administration tried to walk a middle path, with Bobby gradually coming to appreciate the urgency of the issue of racial injustice and the need for federal action. While RFK increased the number of black attorneys in the Justice Department from six to sixty, he also appointed a number of racist, segregationist judges in the Deep South. He secured the safe passage of the Freedom Riders from Alabama to Mississippi, but he also approved FBI director J. Edgar Hoover's request to wiretap Martin Luther King Jr.'s telephones.

With JFK gone and Joe incapacitated by a massive stroke, Robert Kennedy, still only in his thirties, was at last free to be his own man. He fantasized about taking time off to teach or simply to read but knew that public service was, in Tye's words, "his calling as well as his inheritance." As a senator, he learned best through direct experience, traveling to Mississippi to witness poverty firsthand and to California to understand the abuse of farmworkers. "He came to us and asked us two questions," recalled farmworker labor leader Dolores Huerta. "All he said was, 'What do you want? And how can I help?' That's why we loved him."

Tye, who is the author of previous biographies, of Satchel Paige and Superman, admits to having been "captivated" by his subject since he was in high school, and he occasionally falls victim to the sentimental depiction of Kennedy that he has set out to dispel. (When, while campaigning for the Senate, Bobby is asked a question about the Warren Commission investigating JFK's assassination, Tye doesn't just have RFK tearing up in response — he has "silver tears [collecting] on his lower lashes.") These lapses are minor, though, in a book that demonstrates forcefully and convincingly that Kennedy underwent a genuine change to emerge on the right side of history. "In today's derisive political context he'd be decried as a flip-flopper," the author observes, "but his transformation was heartfelt and transcended politics." While the Bobby we remember today is that passionate idealist running an insurgent campaign for the presidency on behalf of the poor and the dispossessed, Tye has done readers a service by showing us exactly how far he traveled to get there.

Barbara Spindel has covered books for Time Out New York, Newsweek.com, Details, and Spin. She holds a Ph.D. in American Studies.

Reviewer: Barbara Spindel

The New York Times - Michiko Kakutani

…Larry Tye's absorbing new biography…does a compelling job of showing how a tough-guy counsel to the red-baiting, demagogic Senator Joseph McCarthy in the 1950s became, in the next decade, "a liberal icon" beloved for his dedication to the poor and disenfranchised…Mr. Tye…has a keen gift for narrative storytelling and an ability to depict his subject with almost novelistic emotional detail. Instead of echoing the young Kennedy's own proclivity for seeing things in absolutist Manichaean terms…the fair-minded Mr. Tye thoughtfully maps the many contradictions in his subject's life, and his gradual evolution over the years, as he began to clarify his own beliefs…In these pages, Mr. Tye conscientiously strips away the accretions of myth that have come to surround Robert F. Kennedy, while at the same time creating a sympathetic portrait of this complex, searching man—a genuine pilgrim and a hard-nosed politician, a fierce romantic dedicated to "the art of the possible."

The New York Times Book Review - David Nasaw

Larry Tye has done his homework. He has read the books and articles, interviewed hundreds of family members, friends, colleagues and acquaintances, and made use of newly released materials in the Kennedy Library and elsewhere to produce a nuanced, balanced, affectionate and mostly favorable portrait. The story he tells in Bobby Kennedy: The Making of a Liberal Icon is familiar, but the vast array of materials he has consulted and the interviews he has conducted are enough to give it a new vitality…We are in Larry Tye's debt for bringing back to life the young presidential candidate who…for a brief moment, almost half a century ago, instilled hope for the future in angry, fearful Americans.

Publishers Weekly

★ 05/16/2016
It is difficult to envision anyone getting Robert F. Kennedy more right than biographer Tye (Satchel) does in this superb book. Tye beautifully captures Kennedy’s contradictions, his emergence from under the hard-to-like father to whom he remained forever loyal, and his growth into a public figure killed by an assassin’s bullet. It’s also hard to imagine another biographer framing the subject any differently: Tye depicts Kennedy’s transformation from a callow, ruthless, hypocritical, “godawful disagreeable” man to his era’s “most nostalgia-wrapped figure” of “transcendent good,” someone who shifted as his nation changed. Tye equitably concedes that Kennedy’s detractors have much reason to be tough on the man, and his clear depiction of Kennedy’s many blemishes is just one of the book’s many fine qualities. Another is its wonderful readability. In the end, Tye’s subject stands forth as an admirable man. Yes, he often failed to level with people, hid his feelings, and pursued vendettas (notably against Lyndon Johnson). But as Tye shows, R.F.K. at the end of his life warranted the faith people put in him and came close to being the person his admirers thought him to be. Agent: Jill Kneerim, Kneerim & Williams. (July)

From the Publisher

We are in Larry Tye’s debt for bringing back to life the young presidential candidate who . . . for a brief moment, almost half a century ago, instilled hope for the future in angry, fearful Americans.”—David Nasaw, The New York Times Book Review

“A multilayered, inspiring portrait of RFK . . . [Tye] provides readers and historians their most in-depth look at an extraordinary figure whose transformational story shaped America.”—Joe Scarborough, The Washington Post

“A compelling story of how idealism can be cultivated and liberalism learned . . . Tye does an exemplary job of capturing not just the chronology of Bobby’s life, but also the sense of him as a person.”Los Angeles Review of Books

“Captures RFK’s rise and fall with straightforward prose bolstered by impressive research.”USA Today

“[Tye] has a keen gift for narrative storytelling and an ability to depict his subject with almost novelistic emotional detail.”—Michiko Kakutani, The New York Times

“Nuanced and thorough . . . [RFK’s] vision echoes through the decades.”The Economist

“Tye’s pages on the assassination are heart-wrenching.”New York Post

“It captures RFK’s cold, ruthless side with appropriate relish, and it provides fast-paced and very detailed accounts of RFK’s early working relationship with soon-to-be-disgraced politician Joe McCarthy.”The Christian Science Monitor

“Tye’s vivid journalistic style makes the biography an arresting read. . . . Many of the most fascinating stories come through Tye’s dissection of Bobby’s relations with his adversaries.”San Francisco Chronicle

“This is not just another Bobby Kennedy book. It is the definitive biography of one of America’s most compelling political figures. Larry Tye has given us the complete Bobby, from the Bad (Early) Kennedy to the Good (Later) Kennedy, from Joe McCarthy’s committee counsel to ‘ruthless’ political manager to gentle, softhearted presidential candidate. Tye’s book rests on prodigious and original research, including rare, on-the-record interviews with Bobby’s widow, Ethel, who confesses that seeing Bobby for the first time was like meeting George Clooney.”—Roger Mudd, winner of the Peabody Award and former co-anchor of NBC Nightly News

“Robert Kennedy led one of the great unfinished lives in American history. With skill and verve, Larry Tye has written a fascinating account of a transformative figure who continues to summon us to heed our better angels even all these years distant.”—Jon Meacham, Pulitzer Prize–winning author of Thomas Jefferson: The Art of Power

“Drawing on the personal papers and insights of the Kennedy family, this biography will appeal not only to those wanting a portrait of a dynamic idealist, but also to those seeking to understand the emotions of the times in which he lived.”—Henry A. Kissinger

Library Journal

★ 06/15/2016
As a reporter for the Boston Globe from 1986 to 2001, Tye (Superman) covered the Kennedy family. Here the author presents a captivating account of the political career of Robert F. Kennedy (1925–68), from his years as a zealous communist hunter for Joe McCarthy through the 1968 presidential campaign during which he was assassinated at age 42. For this state-of-the-art political biography, Tye conducted 400 interviews with people who worked with Kennedy. He also had access to national archives. The author's admiration for his subject shows, but this is no hagiography. He alludes to Kennedy as the father of dirty political tricks for his assault on Hubert Humphrey in the 1960 election, gives Kennedy mixed reviews for his handling of the 1961 Freedom Riders in Alabama while serving as attorney general, and indicts the senator's memoir Thirteen Days as a self-promoting retelling of the Cuban Missile Crisis. While shedding new light on Kennedy's relationships with Lyndon Johnson and Martin Luther King Jr., Tye ultimately reveals Kennedy as a work in progress who, by the end of his life, had become a beloved advocate for minorities and the poor. VERDICT This absorbing narrative would have been even better if Tye included his summation of Kennedy's legacy. It is a worthy successor to Evan Thomas's Robert Kennedy: His Life. [See Prepub Alert, 1/25/16.]—Karl Helicher, Upper Merion Twp. Lib., King of Prussia, PA

SEPTEMBER 2016 - AudioFile

Marc Cashman provides an affable, approachable narration for this biography of Bobby Kennedy. Listeners will find Cashman’s comforting voice a welcome respite, not only during the well-known tragedy that befalls Kennedy, but also as his complicated political and personal path unfolds. As the title suggests, Kennedy's public rise to champion progressive causes is compelling. Kennedy’s upbringing, his famous link to his brother John in public service, his battles with Jimmy Hoffa and President Lyndon Johnson, and his own run for the presidency are documented here with refreshing clarity. S.P.C. © AudioFile 2016, Portland, Maine

Kirkus Reviews

2016-05-05
A former journalist at the Boston Globe returns with a comprehensive, thesis-driven account of the political career of Robert Francis Kennedy (1925-1968).Tye (Superman: The High-Flying History of America's Most Enduring Hero, 2013, etc.) develops the argument that RFK was an evolving human being and politician, a tireless attorney general and senator on whom nothing was lost. The author begins with his association with one McCarthy (Joseph) and ends, more or less, with another (Eugene, whom RFK battled in the 1968 presidential primaries). Relying on countless interviews, including the contributions of RFK's widow, Tye weaves a compelling story of Bobby's changes: his growth from the "ruthless" image his political enemies attached to him to the committed humanitarian, the friend of African-Americans, the enemy of poverty, and the outspoken opponent of the Vietnam War. We see his devoted support of John F. Kennedy's various campaigns, his vigorous performance as attorney general, his devastation after JFK's assassination, his rancorous relationship with Lyndon Johnson. But mostly it's his changes that interest the author. Not the student or scholar that JFK had been, RFK began to read—after the JFK assassination, he read Aeschylus and listened while he shaved to recordings of Shakespeare plays—and to inform himself deeply about the issues. Not a witty, graceful politician like his older brother, RFK worked hard to develop an effective style. Although Tye is a patent admirer, he wonders about RFK's relationship with Marilyn Monroe, and he is also unsure about a possible affair with widow Jackie Kennedy. The author chides RFK for such things as slanting his account of the Bay of Pigs, his perhaps excessive pursuit of Jimmy Hoffa, and his early hawkishness on Vietnam. But the contrary image is clear: a good, if not great man; an unspeakable loss. Richly researched prose that sometimes soars too close to the sun of admiration.

Product Details

BN ID: 2940169295108
Publisher: Penguin Random House
Publication date: 07/05/2016
Edition description: Unabridged

Read an Excerpt

Chapter 1

Cold Warrior

Disciples came in flocks that sun-­baked May afternoon in 1957, packing the pews at St. Mary’s and spilling onto the streets outside the Irish parish in Appleton, Wisconsin, where Joseph Raymond McCarthy had been baptized and now, just forty-­eight years later, he was being eulogized. It was the last of three memorials to the fallen senator and the first in the state that had elected him in landslides. Twenty-­five thousand admirers from Green Bay, Neenah, and his native Grand Chute had paid their respects at his open casket. Others were keeping vigil outside the church alongside honor guards of military police and Boy Scouts. Flying in to join them were nineteen senators, seven congressmen, and other luminaries, most of whom had supported Joe McCarthy in his relentless assault on Communism. The dignitaries were whisked in a motorcade from the airport in Green Bay to the funeral in Appleton.

But one man faltered on the runway. Robert Francis Kennedy had worked as an aide to McCarthy for seven months before political and personal calculations made him step aside. Now he sat anxiously by himself on the military jet, reluctant to be seen with the conservative lawmakers and conflicted even about being in Wisconsin. His own brother, Jack, had sternly warned him to stay away. When the crowd was gone, Kennedy slipped down the exit ramp unnoticed. Nobody was waiting because no one knew he was coming. He rode into town not with the pack of senators and congressmen but in the front seat of a Cadillac convertible driven by the reporter Edwin Bayley, who was covering McCarthy’s funeral for the Milwaukee Journal. At the church, Bobby sat in the choir loft, distracted and alone, and at the graveside he stood apart from the rest of the officials from Washington. When the service was over, Kennedy asked Bayley and other journalists not to write about his being there. The reporters, already in the Kennedy thrall, did as he asked.

The relationship between Robert Kennedy and Joseph McCarthy is one of the most implausible in U.S. political history. In the lexicon of American politics, the Kennedy name is shorthand for left-­leaning Democratic politics, and it is a tenet of Kennedy scholarship that the first and archetypal family liberal was Bobby. The historical cliché, nourished by his family and friends, posits that Kennedy’s going to work for McCarthy was a footnote or an aberration when it was neither. The truth is that the early Bobby Kennedy embraced the overheated anticommunism of the 1950s and openly disdained liberals. His job with the Republican senator from Wisconsin not only launched Bobby’s career but injected into his life passion and direction that had been glaringly absent. McCarthy’s zeal, extreme though it was, fired Kennedy’s ambition for years to come. He quit McCarthy not because he rejected McCarthyism, but because his advancement was stymied by conflict with fellow staffers. While he did work for the senator for just seven and a half months in 1953, their ties went back a number of years, and they lasted until Bobby made his last visit to McCarthy shortly before the senator died.

His link to McCarthy became a crucible Kennedy couldn’t escape, serving for some as a testament to his loyalty and patriotism, for others as a measure of his youthful misdirection and overreaching. Both were right. Bobby was so enamored of the senator that he failed to see the fanaticism that, by the time he signed on, had already made McCarthy’s name a synonym for witch hunt and crowned “Low-­Blow Joe” the most divisive man in America. Nor did he ever fully sever those bonds or entirely break the bad habits he learned from the senator from Grand Chute. Yet if Bobby was guilty of embracing or tolerating the Red Scare, so, too, was much of the nation in the 1950s. In the end, this McCarthy phase of his life would be a baseline from which to measure Bobby’s—and America’s—political transformation and growth.



To appreciate how he reached that baseline we need to go back to Bobby’s beginnings. The story of America’s First Family has been recounted so many times that it is part of American mythology. Nearly everyone knows some version of the dogged-­upstart-­to-­fat-­cat, East Boston–to–­West ­Wing tale. But Robert Kennedy’s pivotal place in that narrative is seldom acknowledged. Overlooked especially is his ongoing and all-­important relationship with his father, Joe, and the fact that it was Bobby who was most like him and best suited to take over his leadership of the clan. Even Joe didn’t get it at first.

Autocratic, magnetic, and unflinchingly family-­focused, Joseph Patrick Kennedy was the model for all nine of his children, but particularly the boys. His upbringing set the pattern for theirs, and his single-­minded pursuit of wealth and influence served as a template for what his four sons—and the third most of all—would accomplish in the political realm. Joe’s roots ran deep both in his native Massachusetts, where the WASP establishment ruled the landscape into which he was born in 1888, and in his ancestral Ireland, whose call Joe never escaped. Yet the great patriarch’s tale is not quite the Horatio Alger version that most of us think it to be. He was a self-­starter but was not self-­made. His father, Patrick Joseph Kennedy, was one of Boston’s most influential and fair-­minded political chieftains, serving five one-­year terms in the Massachusetts House of Representatives and two two-­year stints in the state Senate. He spent still longer as a Democratic ward boss, a post from which he could dole out offices, jobs, and favors in a capital city dominated by Democrats and, increasingly, by Irishmen. While politics was P.J.’s passion, it was his business acumen that gave him the time and resources to indulge it. He started life working with his hands as a brass fitter, then a stevedore. By his early thirties, the teetotaling Kennedy was a partner in three saloons, owner of two retail liquor stores, president of the Sumner Savings Bank, and founder of the Suffolk Coal Company, all of which afforded his wife, Mary Augusta, a life even more comfortable than the one she had grown up with as the daughter of a prosperous Irish-­born contractor. She, in turn, pampered her four children—the baby, Margaret Louise, preceded by Mary Loretta, Francis Benedict, and Joseph Patrick.

Patrick charted a purposeful path for his first and favored child, Joe. Attending Catholic schools for his first six years gave Joe a grounding in his culture along with his faith. By grade seven, it was time for him to learn about the Brahmins who really ran things in the Commonwealth of Massachusetts. Theirs was a world of inherited fortunes where it was said that the Lowells talked only to the Cabots, while the Cabots talked only to God.

P.J. had begun to infiltrate that rarefied terrain but, like most hyphenated Americans, he had to defer the dream of true mastery to his son. For now, that meant enrolling Joe at Boston Latin, the country’s oldest and the city’s most rigorous public school, whose alumni included four Massachusetts governors and five signers of the Declaration of Independence. Young Joseph Kennedy did passably well there, but the faculty recommended he repeat his senior year if he hoped to get into Harvard College, which to Patrick was the point of his son’s being at Latin. Following his teachers’ advice, Joe stayed on. He was elected class president, reelected captain of the baseball team, and—despite three C’s, five D’s, and two F’s on his entrance exams—admitted to Harvard, with “conditions.”

Latin’s class of 1908 sent twenty-­five students to Harvard, which was half of its graduates and more than any other secondary school anywhere. Few were as self-­satisfied as the strapping redhead with freckled cheeks and searing blue eyes. Joe’s marks at college were sufficiently high to get him off probation but not nearly enough to get him onto the Dean’s List, though that meant less to him than finally making it as a backup on the baseball team. The Hasty Pudding took him in but not the tonier clubs such as the Porcellian, where legend had it that if members didn’t earn their first million by age forty, the club would give it to them. Just being at Harvard was a coup for the grandson of a potato farmer from County Wexford and the son of a saloonkeeper—but it wasn’t enough for Joe, who could rattle off the stigmata that limited his mobility in Harvard’s Protestant temple of traditionalism. He was Irish and Catholic. He had graduated from a public school, not a prep school. He neither came from inherited riches nor had quite enough of the nouveau kind. The only circumstance he could change was the last, and before graduation Joe and a friend launched a sightseeing bus business that netted them $5,000, or $126,000 in today’s dollars. Not bad for a summer job.

Joe’s school years set the formula for his career in business: Barrel through doors your dad opened; trust your instinct; never fully confide in anybody; use somebody else’s money; and snap up bargains others don’t, because they are either too shortsighted or too scrupulous. Barely a year after he graduated from Harvard, Boston newspapers were reporting on Joe’s takeover of the Columbia Trust Company in East Boston. At age twenty-­five, he was the youngest bank president in America. (Less ink was given to how small the bank was, how Patrick had been a minority owner from the start, and how relatives and neighbors lent Joe the money to scoop up a controlling interest.) His next enterprise—helping run Bethlehem Steel’s shipyard outside Boston during World War I—netted fewer headlines but made Joe a useful friend in Assistant Secretary of the Navy Franklin D. Roosevelt.

If phase one of his career might be titled “Father Knows Best,” the second chapter warrants an even simpler rubric: “Go Where the Money Is.” Joe bankrolled movie theaters, then films, in Hollywood when the motion picture business was desperate for cash in the mid-­1920s, and he walked away with $5 million in profits and screen siren Gloria Swanson as his mistress. He was an astute speculator during the stock market’s most roaring ride ever, and he was one of the few investors canny enough to cash in before it crashed on the infamous Black Tuesday, October 29, 1929. With help from FDR’s son James, Joe wangled the rights to import Haig & Haig Scotch and other premium whiskies at the very moment Prohibition was ending in 1933 and a thirsty public was lining up at the bar. So what if he personally abhorred the stereotype of Irish booziness and never drank beyond moderation? This was a matter of money. He even lent William Randolph Hearst a hand in reorganizing his media empire in 1937. As for suspicions that he made his millions working the shady side of the street—raiding companies, short-­selling stocks, and bootlegging—they seldom were raised in his presence or substantiated, in part because he was so cagey about his increasingly lucrative investments. Joe’s prototype was no longer his affable father, but the frosty Yankees who had blackballed him at Harvard.

Add in all his other deals, as Fortune magazine would in 1957, and Joe had amassed somewhere between $200 million and $400 million—enough to make him the wealthiest Irish American on earth. That same year The Saturday Evening Post estimated his stock market earnings alone at between $45 million and $700 million. Managing his estate, the Post added, was a full-­time occupation for twenty-­odd investment counselors, tax experts, and bookkeepers, all searching for safe havens for the payouts from Joe’s high-­risk investments. Whatever the true size of his fortune, it was almost certainly enough, in today’s dollars, to make him a billionaire. As far back as the 1930s, just twenty years after graduating from Harvard, he had eclipsed the holdings of most members of the millionaires-­by-­forty Porcellian Club. For Joe, the best thing about being rich was that it freed him to pursue his true passion, public affairs, just as his father’s more modest earnings had liberated him to do so a generation before.

Joe Kennedy’s vision for himself and the world was substantially more audacious and unfiltered than P.J.’s. Joe meant to serve his country in a way that would make clear his standing in its highest echelons. His enabler was his friend from the shipyard days, now President Franklin Roosevelt, who in 1934 named Joe chairman of the newly minted Securities and Exchange Commission. Liberals howled, calling Kennedy a conniving capitalist whose appointment ensured that the agency would fail in its mission to rein in the out-­of-­control stock markets that had helped plunge the country into the Great Depression. FDR, however, grasped what they didn’t: Joe was one of the very few bulls of Wall Street who realized that the New Deal was the best deal they were going to get and accepted the necessity of its regulations. While Kennedy stayed in the job just fifteen months, that was long enough to prove the president right. An adept executive, Joe managed to sell his fellow denizens of big business on the new rules without watering down those standards. Time magazine, in a cover story on Joe shortly before he resigned, called his SEC “the most ably administered New Deal agency in Washington.” Joe delighted in that verdict, shared even by reporters who had railed against his appointment, although he had no illusions about why Roosevelt had named him: “He knew that I knew all the angles of trading . . . all the intricacies and trickeries of market manipulation.” FDR put it more succinctly: “Set a thief to catch a thief.”

Joe returned to his businesses after his stint at the SEC, but his days in the nation’s capital reinforced a lesson he had learned from his father and would pass on to his sons: Getting the plum jobs he itched for required scratching backs, New Deal or old. And so as FDR faced another election in 1936, fearing that his White House was perceived as antibusiness, Joe again set aside his doubts about big government and marshaled his clout with the business community on behalf of Roosevelt. “I have no political ambitions for myself or for my children,” he wrote disingenuously in a slim self-­published book entitled I’m for Roosevelt that was widely distributed two months before the election. It derided the “unreasoning malicious ill-­will displayed by the rich and powerful against our common leader,” and it argued—in this instance genuinely—that “the future happiness of America, which means to me the future happiness of my family, will best be served by the re-­election of President Roo­sevelt.”

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