On the recordSeptember 21, 1964
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.
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presidency.ucsb.eduLyndon Johnson: “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…”
Editor's note · Context
Remarks in Atlantic City at the Convention of the United Steelworkers of America
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