Lyndon Johnson actually said...

"We must intensify our efforts to reduce the United States balance-of-payments deficit and reach our goal of equilibrium in our international accounts."

"Expansion of world trade is the principal objective of the liberal foreign trade policies our Nation has followed for more than thirty years."

"It has provided the American businessman with increased opportunities to export more United States products and services."

"Much remains to be done if we are to achieve a balanced international economy where all nations, developed and developing, can share the fruits of freer trade."