Word: rayburns
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While such scenes are obviously pleasing to Johnson, his friends see his real mission as creating a bloc of votes that can influence, if not determine, the Democrats' choice of a candidate. Johnson and his sagacious Texas sidekick, Speaker Sam Rayburn, expect to hold more than 300 delegate votes (mostly Southern) at the convention's all-important first ballot, hope that this will be enough to head off any bolt to Adlai Stevenson. And if, in the course of this power play, Johnson should finesse the nomination for himself, that would be fine. At a press conference...
...resounding proclamation got plenty of headlines, but it suffered from one basic defect: House Speaker Sam Rayburn and Senate Majority Leader Lyndon Johnson, the Democrats who can do most to translate the program into law, stayed far, far away from the D.A.C. session and said not a good word for its platform...
...Senator Lyndon Johnson has galloped relentlessly and restlessly around his native Texas, officially campaigning only to retain his aisle seat in the Senate. But "Johnson for President" clubs have sprouted in his tracks like mushrooms in a meadow. This week Johnson, already proclaimed a candidate by Fellow Texan Sam Rayburn, let his true love show, saddled up for a fast political shivaree in four nearby states. Quipped a Dallas wag: "He's just campaigning for re-election in Missouri, Kansas, Iowa and Arizona...
...recession by cutting taxes. Within the Administration, Vice President Richard Nixon and Labor Secretary James Mitchell argued that it would damage the Republicans in the 1958 elections, and beyond, if the Administration let the Democrats grab the credit for combatting the recession by cutting taxes. On Capitol Hill, Sam Rayburn responsibly held off the Democrats who wanted to cut taxes, but he wavered in the face of arguments that the party could not afford to let the Administration get the credit...
With one bold thrust, Anderson undercut the tax-cut advocates in both the Administration and Congress: he worked out with Rayburn and Johnson an informal understanding that neither side would push for a tax cut without first discussing it with the other side. That understanding, dubbed the "Treaty of the Rio Grande," effectively fenced off the tax-cut issue from partisan politics. Despite widespread clamor, there was no tax cut. The U.S. soon began to pull out of the recession. Anderson believes this was one of the key economic-policy victories of U.S. history...