Word: johnsons
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Dates: during 1960-1969
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...question his performance-though he has surely done better than they predicted before his election. In fact, his achievement record is mixed. On the plus side are foreign affairs, the direction set on Viet Nam, economic policy and an important psychological factor: the credibility gap that haunted Lyndon Johnson has been closed by Nixon. On the minus side is his lack of real leadership in the deepening social crisis of the blacks and the cities...
...Nixon's credit, too, is something that can easily go unnoticed: the absence of any major blunders or "over-reactions." Unlike John Kennedy, he has not had a Bay of Pigs in his first six months. Unlike Lyndon Johnson, he has not had a Dominican Republic. While he did nothing at all when the North Koreans shot down a U.S. airplane, killing 31 men, his restraint was well-advised...
...funds can seldom put together two good years in a row because it is almost impossible consistently to pick stocks that will spectacularly outperform the mar ket. Last year's rich winners were those fund managers who correctly foresaw that the market would rally after President Johnson's renunciation. This year those managers failed to anticipate that the market would tumble after bankers raised the prime rate to 81/2% in mid-May. Many of the go-go funds were loaded with thinly held stocks of nursing homes and computer-leasing firms, which were badly battered by the Government...
...secret that Lyndon Johnson played politics with airlines, especially when he used his presidential power to give or take away lucrative overseas routes. Last week Richard Nixon seemed to be doing the same...
...Johnson's favorites was Continental Airlines, headed by Robert Six, a rangy, gregarious airline pioneer who happens to be a gung-ho Democrat and a Johnson pal. Continental was also the U.S.'s "spook" airline in Viet Nam, flying many CIA missions. It was only natural for Six to expect some rewards -and only natural for Johnson to grant them. He awarded Continental some rich runs to the South Pacific (TIME, Dec. 27). But no sooner had Nixon taken the oath than he rescinded the awards...