The results of these spiraling interest rates are threefold:--First, they force lenders to charge even higher interest rates on the money they lend;--Second, they divert funds away from homebuilding, making it very difficult for thousands of Americans to build, or buy, or to sell their homes;--Third, they weaken some of our financial institutions.
Remarks at the Signing of the Interest Rate Control Bill
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More from Lyndon Johnson
Their presence symbolizes a confluence of civilizations--the gathering together of talents and dreams from many nations.
In Witness Whereof, I have hereunto set my hand this twentieth day of January in the year of our Lord nineteen hundred and sixty-nine and of the Independence of the United States of America the one hundred and ninety-third.
The mood at the White House this evening is one of cautious optimism.
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