John Connally announced on November 10, 1967 that he had “reluctantly concluded” he would not seek a fourth term as governor of Texas.
In 1971 Connally joined President Nixon’s cabinet as secretary of treasury. The following year, he chaired “Democrats for Nixon” declaring party loyalty sometimes “asks too much,” in this case support for nominee George McGovern. Then in 1973, three months after LBJ died, the Texan officially switched parties. Republicans, however, saw him as a Johnny-come-lately and turned thumbs down on his presidential bid in 1980.