Lyndon Johnson: “Events overseas have compelled the Federal Reserve to raise our discount rate.”

Thank you all for your welcome and for the wonderful work that you carry on.

Sometimes it is your job to go out and scout the road, to encounter and overcome the difficulties that always accompany such a vast new venture as this.

In that pursuit, Mr. President, United States support will be gladly given.

I believe deeply in your cause and I believe in you.