BRIGHT HORIZONS President Forecasts Booming Prosperity
BRIGHT HORIZONS President Forecasts Booming Prosperity
In a speech to 5,000 members of the U.S. Chamber of Commerce in Washington, President Lyndon Johnson predicts a 30 billion dollar profit for American business this year. His speech, (spiced with quips) touched on foreign aid, the railroad thing and the Chamber itself, was interrupted by applause and laughter 60 times. Washington DC Addressing the US Chamber of Commerce. President Johnson, "I said to Secretary McNamara only last night at dinner, 'Please get some of your top colonels and generals out talking to these other countries about things that they can buy in the way of equipment from us so we can get some of their money back over here.' ... They said in the railroad strike, 'What are you going to do when the negotiations bust up?' I said, 'I am not thinking about that, because they are not going to bust up. We're going to settle it. Period.' They wanted me to threaten them with this and threaten them with that, and 'guesstimate' on this and that, and I just never would do it. I said I was perfectly confident that if these railroad men that run the carriers don't know more about the railroad business than I do, then they have been overpaid for a long time. If these union men don't know more about the needs of their people than I do, they ought to get some new union leaders. So if you have free, collective bargaining, let's get the Government out of it and lock the door and you sit down here and work it out and I am going to keep you here until you do. ... I must get back to your work at the White House and, I guess, let you get back to your work on me."