Lyndon B. Johnson Quotes

He [Douglas] would understand it a little better if there were a few oil wells in Cook County .

Paul Douglas of Illinois was a world famous economist before he was elected to the Senate. He was a constant opponent of a tax loophole known as the "oil depletion allowance." Lyndon Johnson was a proponent of the allowance:. the home county of Chicago
Lyndon B. Johnson
Lyndon B. Johnson
  • Born: August 27, 1908
  • Died: January 22, 1973
  • Nationality: American
  • Profession: President

Lyndon Baines Johnson, often referred to by his initials LBJ, was an American politician who served as the 36th president of the United States from 1963 to 1969. Formerly the 37th vice president of the United States from 1961 to 1963, he assumed the presidency following the assassination of President John F. Kennedy. A Democrat from Texas, Johnson also served as a United States Representative and as the Majority Leader in the United States Senate. Johnson is one of only four people who have served in all four federal elected positions.