The Economy: How the Glow Goes

When it comes to criticizing the Johnson Administration, U.S. businessmen are careful not to shoot from the lip —in part because they fear Washington's great powers of retaliation. Yet more and more corporate executives are speaking up with increasingly candid criticism of the President's economic policies. They are not nearly so hostile to L.B.J. as they were years ago to F.D.R. or even to J.F.K. Their honeymoon with Lyndon Johnson is not quite over. But it has certainly lost a lot of that old glow.

The mood, which is self-critical as well as critical of the Administration, was perhaps best...