Word: lyndon
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Dates: during 1960-1969
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Britain's move posed an immediate challenge to the stability of the dollar and the ability of the U.S. Government to defend it. It also gave Lyndon Johnson a new rationale to exert extra pressure for his proposed surcharge on income taxes. He lost no time trying, but he quickly discovered that what may strike him as imperative may strike Congress in quite a different...
...When Lyndon Johnson's tax bill was voted on by the committee in October, it was shelved by an overwhelming 20-to-5 margin: Mills pronounced it "dead," resurrectible only if the President would make some reasonable proposals to reduce spending. Fortnight ago, in his celebrated "new style" press conference, the President said that Mills and others who had helped to pigeonhole the tax measure would "live to regret...
Dwindling Reserves. Though tourists and stay-at-home bargain hunters may well save some money on things like British Jaguars and Irish linens, devaluation is likely to prove a severe drain on Lyndon Johnson's dwindling political reserves. If the President makes substantial spending cuts, he stands to lose votes among those directly affected. If he gets his tax increase, he stands to annoy everybody-and the closer to Election Day 1968 the increase is enacted, the more annoyance he is likely to arouse. Nevertheless, nearly all his economic aides-and many businessmen-consider the tax increase essential...
...power to commit the country to foreign military ventures. Quoting authorities ranging from Supreme Court Justice (1932-38) Benjamin Cardozo to Napoleon Bonaparte, William Fulbright's committee condemned what it called "the dangerous tendency" toward presidential supremacy in foreign policy from Theodore Roosevelt right up to Lyndon Johnson. "Only in the present century," it said, "have Presidents used the armed forces of the U.S. against foreign governments entirely on their own authority, and only since 1950 have Presidents regarded themselves as having authority to commit the armed forces to full-scale and sustained warfare." The result of the "erosion...
...Lyndon Johnsons, for example, usually catch NBC's Today show at 7 a.m. every weekday morning. In the evening, Lady Bird tries to sneak in Gunsmoke if she can. The President likes to watch the suppertime news reports simultaneously on his three-set console, and on Sundays samples Meet the Press (NBC), Face the Nation (CBS) and Issues and Answers (ABC). What he sees there very often is his own Vice President; Hubert Humphrey has been the guest on the three programs 36 times. When Humphrey does get on the other side of the screen, it is to watch...