President Sam Rayburn

WI the attempt to murder VP Nixon in Latin America came off and Eisenhower then had a fatal heart attack.

What would happen?

How illegitimate would Rayburn look, noting the size of IKE's victory in 56?

Would he have run in 1960?
 
Then again, Rayburn himself might feel that, while the illegitimacy of his ascent might not be widely questioned in the short-term, that he is nonetheless ill-suited to the task of running the country as President. Either he pulls something that Carl Albert openly talked about in 1973 when he was next-in-line (inbetween Agnew's resignation and Ford's confirmation as VP) and wait for someone else to be elected Speaker and resign in their favour, or holds out until 1960. All his life Rayburn only ever wanted to be Speaker - the Presidency didn't really interest him.
Aye, taking over a Republican term after it was won in a landslide wasn't in Albert's nature, nor is it in Rayburn's.

Harry Truman predicted that Alben Barkley wouldn't last three months as POTUS due to the stress. If Truman is assassinated in 1950, I could see Rayburn serving as a caretaker from 1950/51-1953, before returning to the House.
 
WI the attempt to murder VP Nixon in Latin America came off and Eisenhower then had a fatal heart attack.

What would happen?
Well, a hideous political mess in Venezuela and elsewhere in South America. A lot of Latins would be terribly embarrassed; a few would be chuffed. It would weaken and stimulate Latin American anti-Americanism.

How illegitimate would Rayburn look, noting the size of IKE's victory in 56?
Not at all. His succession is in accordance with the law. He didn't kill Nixon or poison Ike. Furthermore, the same electorate that voted for Ike in '56 also voted for a Democrat majority in the House.

Rayburn would operate as a pure caretaker President. He'd retain all of Ike's cabinet secretaries, and try to follow Ike's general policies where he could.

Another possibility is that Rayburn would step aside as quickly as possible. With his age and lack of administrative experience, he might feel unfit to serve as President in a crisis. The House could elect a new Speaker, and Rayburn could then resign. The new Speaker would be de facto a new President. Not Minority leader Joe Martin, who was 73. Minority Whip Les Arends was 62; a much better fit.

Would he have run in 1960?

Of course not. Rayburn never had the slightest interest in the Presidency. And he would be 78 in 1960.
 
In the late 50's, Rayburn would likely stage a press conference, explain to the people what has happened and his plan to have the House elect a Republican Speaker and then resign. He does so (I'm not sure who the Republicans would choose, maybe Sec of State John Foster Dulles or former standard bearer Tom Dewey as sort of placeholders until the 1960 election) and dies an elder statesmen who navigated the United States through a period of confusion with remarkable aptitude.

I wonder how this would impact the 1960 election, obviously Nixon ain't getting the nomination, but I think that after such an event the public wouldn't vote for anyone too old (like Lyndon Johnson), and might be more willing to back a younger candidate, like Kennedy or Humphrey. The Republicans look to be fighting a grudge match between East Coast Liberal Nelson Rockefeller, and Barry Goldwater, although more would probably run.
 
Not at all. His succession is in accordance with the law. He didn't kill Nixon or poison Ike. Furthermore, the same electorate that voted for Ike in '56 also voted for a Democrat majority in the House.

Rayburn would operate as a pure caretaker President. He'd retain all of Ike's cabinet secretaries, and try to follow Ike's general policies where he could.

I quite agree with this. In the event of the scenario described, President Samuel Rayburn would take office legitimately, in accordance with the law, and most people would recognize that fact. The first major decision to make in his case is whether to stay on as President, or to step aside.

If he chooses to remain in office, then he is in the awkward position of being a President from the Democratic Party, overseeing an Administration established by a Republican. Even so, he might give it a try. He will most likely keep Eisenhower's appointments to the Cabinet, excepting those who resign because they are unwilling to serve in Cabinet under a Democrat. In that situation he is in a difficult position. If he nominates Democrats to the new holes in his Cabinet, the Republicans accuse him of hijacking the government, but if he nominates Republicans, then he faces attacks from within his own party, not to mention he would need to get Republicans who were both reasonably suitable to the jobs, and willing to serve.

He would likely try to stand by President Eisenhower's policy positions on most issues, even when they were positions he did not necessarily agree with, but he would face pressure to "moderate" things in some cases, and the level of criticism on both sides in any situation would likely be almost constant, regardless of the decisions he made.

In the end, I think it likely that a President Rayburn would choose to push for a new Speaker to be elected in the House, and he would resign quickly once the man had been confirmed.
 
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