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Updated: June 19, 2025
Last year, in 1966: Wages were the highest in history and the unemployment rate, announced yesterday, reached the lowest point in 13 years; Total after-tax income of American families rose nearly 5 percent; Corporate profits after taxes rose a little more than 5 percent; Our gross national product advanced 5.5 percent, to about $740 billion; Income per farm went up 6 percent.
We believe that we have done better, but we make no pretense of having been successful or doing as well as we wished. Our greatest disappointment in the economy during 1966 was the excessive rise in interest rates and the tightening of credit. They imposed very severe and very unfair burdens on our home buyers and on our home builders, and all those associated with the home industry.
This type of propagation occurs during certain special meteorological conditions, like high barometric pressure and extreme heat. We sometimes hear stations in Malta and Sicily with very loud signals." "In 1966 I built an aerial array consisting of 8 nine-element Yagis for 2 metres with the axis of rotation pointing to the North Star enabling me to track the Moon automatically.
A great change of this sort happily cannot be sudden; a free people cannot be confused by new institutions which they do not understand, for they will not adopt them till they understand them. But if Mr. Hare's plan would accomplish what its friends say, or half what they say, it would be worth working for, if it were not adopted till the year 1966.
Even with this reduction of $500 million, the American people will still be traveling more overseas than they did in 1967, 1966, or 1965 or any other year in their history. If we act together as I hope we can, I believe we can continue our economic expansion which has already broken all past records. And I hope that we can continue that expansion in the days ahead.
In 1966 a number of them armed themselves, and founded the Deacons for Defense and Justice. Also in 1966, young blacks in Oakland, California, became extremely angry at what they believed to be police harassment. This resulted in their forming the Black Panther Party.
Next month we'll begin our 8th year of uninterrupted prosperity. The economic outlook for this year is one of steady growth if we are vigilant. True, there are some clouds on the horizon. Prices are rising. Interest rates have passed the peak of 1966; and if there is continued inaction on the tax bill, they will climb even higher.
State of the Union Address Lyndon B. Johnson January 12, 1966 Mr. Speaker, Mr. President, Members of the House and the Senate, my fellow Americans: I come before you tonight to report on the State of the Union for the third time. I come here to thank you and to add my tribute, once more, to the Nation's gratitude for this, the 89th Congress.
Even with this reduction of $500 million, the American people will still be traveling more overseas than they did in 1967, 1966, or 1965 or any other year in their history. If we act together as I hope we can, I believe we can continue our economic expansion which has already broken all past records. And I hope that we can continue that expansion in the days ahead.
Even now it is impossible to re-establish unity and order; the Mao and Liu groups still oppose each other, and local factions have arisen. Violent confrontations, often resulting in hundreds of deaths, occur in many provinces. The regime is no longer so strong and unified as it was before 1966, although its end is not in sight. Quite possibly far-reaching changes may occur in the future.
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