Lyndon Johnson actually said...

"The fact is that wages are higher, employment is higher, profits are higher, and the economy is stronger than at any time in American history."

"A recession today, like those of the 1950's, would mean a loss of $20 billion a year in production, a loss of 1 1/2 million jobs, a 40 percent rise in unemployment."

"And I have no doubt what the steelworkers will do about it."

"The head of any department or agency of the Government (hereinafter referred to as a Secretary), designated by the Director after appropriate consultation, may establish a unit of the Executive Reserv..."