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.
But the members--and no one else--own and operate these credit unions.
Credit unions have only one purpose: to help their members save and to help their members borrow money at minimum cost.
It helps the poor, who too often must pay the most for the credit they get.
The credit union story tells of do-it-yourself progress, of thrift, and of voluntary cooperation that is put to work for the good of America.
We have come here this afternoon to strengthen the Federal credit unions--some of the little-known building blocks of democracy.
I am glad to be able to join you here today, not only to mark the founding of a new college, not only to cheer the progress of this city and this great State, but to join with you in helping to celebrate the expansion that is taking place…
And your President knows what your fight has meant for America in my time.
They believed in the motto 'The greatest good for the greatest number,' and they still do.
It is that voluntary restraint that has made involuntary curbs unnecessary.
What is expensive is sickness, bigotry, ignorance, discrimination, and crime.
We have them in Head Start at four and five, and we have them in adult education at 74 and 75.
I have urged business to refrain from avoidable price increases and to intensify its competitive efforts in the world.
We thank you for your skill, your loyalty, and your dedication to your country that gives such blessings to all America.
There are some who say that it is too dangerous, that the effort cannot succeed.





