The Big Three Market DriversLearn Capital Flow AnalysisDo Companies Cheat Shareholders?Buybacks: The Fraud of the CenturySocialism vs. Free EnterpriseDo You Believe Official Statistics?Globalization: Good or Bad? | Subject: Lyndon Johnson Lyndon Baines Johnson (August 27, 1908 – January 22, 1973), often referred to as LBJ, served as the 36th President of the United States from 1963 to 1969 after his service as the 37th Vice President of the United States from 1961 to 1963. He served in all four federal elected offices of the United States: Representative, Senator, Vice President, and President.
Johnson, a Democrat, succeeded to the presidency following the assassination of President John F. Kennedy, completed Kennedy’s term and was elected President in his own right, winning by a large margin in the 1964 Presidential election. Johnson was greatly supported by the Democratic Party and, as President, was responsible for designing the “Great Society” legislation that included laws that upheld civil rights, Public Broadcasting, Medicare, Medicaid, environmental protection, aid to education, and his attempt to help the poor in his “War on Poverty.” Simultaneously, he greatly escalated direct American involvement in the Vietnam War.
Johnson served as a United States Representative from Texas, from 1937–1949 and as United States Senator (as his grandfather foretold when Johnson was just an infant) from 1949–1961, including six years as United States Senate Majority Leader, two as Senate Minority Leader and two as Senate Majority Whip. After campaigning unsuccessfully for the Democratic nomination in 1960, Johnson was asked by John F. Kennedy to be his running mate for the 1960 presidential election. Johnson’s popularity as President steadily declined after the 1966 Congressional elections, and his re-election bid in the 1968 United States presidential election collapsed as a result of turmoil within the Democratic Party related to opposition to the Vietnam War. He withdrew from the race to concentrate on peacemaking.
Johnson was renowned for his domineering personality and the “Johnson treatment,” his arm twisting of powerful politicians in order to advance legislation. He was a legendary “hands-on” manager and the last President to serve out his term without ever hiring a White House Chief of Staff or “gatekeeper” (a position invented by Kennedy’s predecessor, Dwight Eisenhower).
Johnson’s escalation of the Vietnam War ruined much of his credibility as President. Johnson was wary of potential political attacks from the right for losing a portion of the world to communism. Johnson believed that if Vietnam fell to the Communists, his presidency would be considered soft on communism, at the same time undermining his grand domestic agenda. Johnson began bombing North Vietnam in 1965 and it continued for the next 7 years through the Nixon Administration. Over time, Johnson escalated the number of troops and active military involvement in Vietnam. Soldier casualties were mounting and soon chants were heard, “Hey, Hey LBJ, How many kids did you kill today?” By the end of his presidency, Johnson turned into a recluse, rarely leaving the White House.
Johnson died after suffering his third heart attack, on January 22, 1973. He was 64 years old. (Wikipedia Jan 2010) Arguments for inflation By John Schroy, on March 13th, 2009 |   This article is in response to a reader’s comment as to the future of US housing prices. Specifically, whether residential prices will rise 30% by August 2015. I argue that this is essentially a question as to whether the Obama administration will lead to continued deflation or a return of inflation. I present a series of arguments for predicting inflation and consequently the revival of residential real estate prices by 2015. Basically it comes down to the declining political fortunes of Barack Obama intersecting with the excessive spending habits of the Pelosi-Reid Congress. Retirement plans By John Schroy, on February 23rd, 2006 |  Between 1999 and 2002, US private pension funds lost US$ 1.2 trillion in value. It would almost seem that pension fund managers had been speculating with retirement money, attempting to beat each others’ short-term performance statistics, with little interest in safeguarding the assets of plan beneficiaries. Political intrusion and trade unionism have debilitated the pension fund industry over many generations. The end of the pension industry may now be in sight. US Trade Deficit By John Schroy, on March 31st, 2005 |  Since the 1980s, the US. trade deficit has been a constant force in the American economy, rising more some years than others, while corporate bond yields have been generally falling. Because rising trade deficits lead to increased demand for fixed income securities, and because issuers have not fully met this demand, the price of bonds has risen for twenty years, while bond yields have fallen. Featured articles on inside pages | Site navigation Capital Flow Watch has hundreds of articles on economics and investments. Articles have excerpts on the front pages, and on tag, category, search and archive pages.
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