It is a source of great pride to be invited by His Eminence Francis Cardinal Spellman to participate in this dinner in honor of one of America's grea… - Lyndon B. Johnson

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.

A second field of danger and opportunity is in our confrontation with Russia and Communist China. Today there is no longer one cold war; there are many. They differ in temperature, intensity, and danger. Our relations with the Soviet Union have come a long way since shoes were banged on desks here in New York and a summit meeting collapsed in Paris. In Asia there is a different prospect. The final outcome will depend on the will of the Asian people. But as long as they turn to us for help, we will be there. We will not and we must not permit the great civilizations of the East--almost half of the people of all the world--to be swallowed up in Communist conquest. In Viet-Nam we believe that, with our help, the people of South Viet-Nam can defeat Communist aggression. We will continue to act on this belief without recklessness and without retreat.

Even if we end terror and even if we eliminate tension, even if we reduce arms and restrict conflict, even if peace were to come to the nations, we would turn from this struggle only to find ourselves on a new battleground as filled with danger and as fraught with difficulty as any ever faced by man. For many of our most urgent problems do not spring from the cold war or even from the ambitions of our adversaries. These are the problems which will persist beyond the cold war. They are the ominous obstacles to man's effort to build a great world society--a place where every man can find a life free from hunger and disease-a life offering the chance to seek spiritual fulfillment unhampered by the degradation of bodily misery.