Democrats For Nixon
Connally stepped down as treasury secretary in 1972 to head "Democrats for Nixon", a group funded by Republicans. Connally's old mentor, Lyndon Johnson, stood behind Democratic presidential nominee George S. McGovern of South Dakota, although McGovern had long opposed Johnson's foreign and defense policies. It was the first time that Connally and Johnson were on opposite sides of a general election campaign. Connally's brother, Golfrey Connally, an economics professor at a junior college in San Antonio, also endorsed McGovern. Some evidence even suggests that Connally was "privately" for Eisenhower in 1952 and 1956, instead of the Democratic candidate Adlai E. Stevenson of Illinois, for whom Johnson campaigned with considerable loyalty. During the war, Connally had served on Eisenhower's planning staff for the invasion of North Africa.
In the 1972 U.S. Senate election in Texas, Connally endorsed the Democratic Harold Barefoot Sanders, later a federal judge from Dallas, rather than the Republican incumbent John G. Tower, also of Dallas. Connally had considered running against Tower in 1966, but chose to run for a third term as governor. Tower then defeated a Connally ally, state Attorney General Waggoner Carr of Lubbock.
Tower, Nixon's choice in the Senate race, won handily over Sanders, but the Republican candidate for governor, Henry Grover of Houston, a victim of intraparty maneuvering, fell short and lost to Democrat Dolph Briscoe of Uvalde, a city in South Texas.
In January 1973, Lyndon Johnson died of heart disease. He and Connally had been friends since 1938. Connally took part in eulogizing Johnson during interment services at the LBJ Ranch in Gillespie County, along with the Rev. Billy Graham, who officiated at the service. Millions around the world viewed Connally's eulogy as the most famous moment of the LBJ funeral, as it was a reminder that Connally was wounded in the assassination that made his mentor and fellow Texan president.
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