Lyndon Johnson actually said...

"We are just beginning to realize its meaning for the needs here on earth."

"This could destroy the usefulness of the preferred ship mortgage as a means of privately financing merchant ship construction--a method which Congress itself authorized and approved in the Ship Mortga..."

"It could lead to far greater government subsidies for the merchant fleet--and place an undue and unnecessary financial burden on the American taxpayer."

"The mischief in H.R. 162 is this: it would--for the first time--give the highest priority lien to those who contract with the ship's master for ship supplies and other items."