I have determined that the exclusion from the interest equalization tax, to the extent provided in this order, is necessary to avoid such consequences for Canada as to imperil or threaten to imperil the stability of the international…
Lyndon Johnson
The Public Record
Lyndon Baines Johnson was the 36th President of the United States, serving from 1963 to 1969. A member of the Democratic Party, he was born in Texas and began his political career as a U.S. Representative in 1937, later becoming a U.S. Senator in 1949. Johnson ascended to the presidency following the assassination of John F. Kennedy, and his administration is noted for significant domestic policies, including the Great Society programs aimed at eliminating poverty and racial injustice. His legislative achievements included the Civil Rights Act of 1964 and the establishment of Medicare and Medicaid.
The basic difficulty that all of us really face is this - and the quicker we understand it the better we will be - that the demand for credit from all sources is too large relative to the supply.
This measure will increase the amount of money that is available for home mortgages.
This action that we are taking today alone does not go to the root of the problem.
Those people have a backlog of machine tools, in some instances a 15-month backlog.
Through this legislation, many families - many Americans of very modest means - will now be able to complete their home purchases.
History's verdict on any society will ultimately rest on how its people lived.
The food we buy, the food we eat, has been under Federal safety standards since way back before I was born--1906.
Safety is no luxury item, it is no optional extra; it must be a normal cost of doing business.
We are going to ask every State to participate in safety programs and to conform to uniform driver and pedestrian safety performance standards.
For the first time in the history of the United States there was no boundary dispute with Great Britain.
Please pass on to your associates in the Department and, in particular, to the Coast Guard, my commendation and appreciation for these achievements.
I am especially proud at this moment to sign these bills which I believe promise, in the years to come, to cure the highway disease: to end the years of horror and to give us, instead, years of hope.
Through the Highway Safety Act, we are going to find out more about highway disease--and we are going to find out how to cure it.
This sets a good example for all of us, particularly those who continue to insist that we cannot achieve more program results and maintain our pressure on reducing costs at the same time.
Finally, I am happy to announce today that one of the Nation's leading traffic safety experts has responded to my call for help.
So, now, we must work together to assure that the prosperity and social progress of the past five and a half years continue.
I am going to cut all federal expenditures to the fullest extent consistent with the well-being of our people.
Our machinery and equipment industries cannot digest the demands currently thrust upon them.
You cannot write our history without devoting many chapters to the pony express, the stagecoach, the railroad, the automobile, the airplane.
Therefore, except for the $600 million, every dollar spent on Great Society programs was secured by reducing or eliminating outmoded programs.
I believe that anything that is good for the country is good politically.





