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" "For our goal is not merely to spread the work. Our goal is to create more jobs. I believe the enactment of a 35-hour week would sharply increase costs, would invite inflation, would impair our ability to compete, and merely share instead of creating employment. But I am equally opposed to the 45- or 50-hour week in those industries where consistently excessive use of overtime causes increased unemployment. So, therefore, I recommend legislation authorizing the creation of a tripartite industry committee to determine on an industry-by-industry basis as to where a higher penalty rate for overtime would increase job openings without unduly increasing costs, and authorizing the establishment of such higher rates.
Lyndon Baines Johnson (27 August 1908 – 22 January 1973), often referred to by his initials LBJ, was an American politician. After a long career in U.S. legislatures, Johnson became the vice president of the United States of America under John F. Kennedy, from 1961 to 1963. A Democrat, Johnson became the 36th U.S. president in 1963, after Kennedy's assassination. He served in the role until 1969.
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Each of the great conflicts of this century has begun when nations wrongly thought others would shrink before their might. As I and my predecessors have said, we may have to use nuclear weapons to defend American freedom, but I will never let slip the engines of destruction because of a reckless and rash miscalculation about our adversaries. We have worked consistently to bring nuclear weapons under careful control, and to lessen the danger of nuclear conflict. And this policy has been the policy of the United States of America for more than 19 years now, under both Democratic and Republican administrations. And this will continue to be the policy of the United States of America.
Today we can walk the road of peace because we have the strength we need. We have built that strength with courage. We have employed it with care. We have maintained it with conviction that the reward of our resolution will be peace and freedom. We covet no territory, we seek no dominion, we fear no nation, we despise no people. With our arms we seek to shelter the peace of mankind. In this spirit, then, I wish to consider with you the state of our defenses, the policies we pursue, and--as Commander in Chief-to offer recommendations on our course for the future.