Ezra Taft Benson met with McKay and described "The 1976 Committee," to be composed of 100 prominent men from throughout the country, which proposed to nominate Benson for president and Thurmond for vice president. McKay repeated his resistance to forming a third party, to which Benson replied that he also was "opposed to this, but this Committee and movement might result in a realignment between the two political parties." McKay responded "that this nation is rapidly moving down the road of soul-destroying socialism, and that I hoped and prayed that the efforts of the 1976 Committee would be successful in stemming the tide." He told Benson "to let them go ahead and wait and see what develops." Benson presented him with proposed statements that he and McKay might make if the committee moved as planned to propose his nomination, to which McKay agreed. McKay's statement ended with the words "his doing so has my full approval."
[David O. McKay diary; Gregory A. Prince and Wm. Robert Write, David O. McKay and the Rise of Modern Mormonism. Salt Lake City: University of Utah Press (2005)]