Sunday, July 22, 2012

Bill Moyers: Living under the gun

Sunday, July 08, 2012

The Last Days of the President | The Atlantic | 1973

Johnson had decidedly mixed emotions about his successor. He was puzzled by Nixon's cold style ("Imagine not inviting one member of Congress to Tricia's wedding. If you don't respect them, they won't respect you") and aghast at some of Nixon's domestic policies. Shortly after leaving the White House, he remarked to a Texas businessman: "When I took over the presidency, Jack Kennedy had left me a stock market of 711. When I left the White House, it was over 900. Now look at it. That's what happens when the Republicans take over—not only Nixon, but any of them. They simply don't know how to manage the economy. They're so busy operating the trickle-down theory, giving the richest corporations the biggest break, that the whole thing goes to hell in a handbasket."