Lyndon Johnson actually said...

As I said in my Economic Report: 'We must always be prepared to meet quickly any problems that arise in the path of continued, stable economic growth, whether the problems call for fiscal stimulus or fiscal restraint.'

Context

Letter to the Chairman, House Committee on Banking and Currency, on Receiving a Forecast of Business Investment Plans.

03/06/1966

https://www.presidency.ucsb.edu...

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