"No Bailout for Chrysler" speech

Title

"No Bailout for Chrysler" speech

Description

A speech by U.S. Congressman Les AuCoin titled "No Bailout for Chrysler" regarding the Chrysler Loan Guarantee Act. In his speech, U.S. Congressman AuCoin expressed his opposition to the Chrysler Loan Guarantee Act, which would have given the automobile manufacturer over a billion dollars in federal government loans in order to avoid collapse. Congressman AuCoin called the company a "bad risk," and stated that "it would undermine the structure of our economy and assure that it will never be the same again." The bill was eventually passed. This is one of a collection of digitized objects from the Les AuCoin Papers (MS.147) at the Pacific University Archives. AuCoin served in the Oregon House of Representatives (1971-1975) and in the United States House of Representatives from Oregon's 1st District (1975-1993).

Creator

AuCoin, Les

Date: Display

December 10, 1979

Identifier

PUA_MS147_391

Subject

United States. Congress. House.
Legislators--United States
Bills, Legislative
Speeches, addresses, etc.
Bailouts (Government policy)--United States
Chrysler Corporation

Place

United States

Copyright

http://rightsstatements.org/vocab/NoC-CR/1.0/

Source

Les AuCoin Papers, Pacific University Archives

Type

Text