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Chrysler #261002

CBS Evening News for Thursday, Nov 01, 1979
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(Studio) President Carter reported asking Congress to help Chrysler Corp.; details given.
REPORTER: Walter Cronkite

(DC) Govt plan outlined on screen; Treasury Secretary G. William Miller quoted re: government action. [MILLER - comments on decision to aid firm.] [Representative William MOORHEAD - comments.] Economist Alan Greenspan's perception of plan detailed. [Representative Richard KELLY - calls bail-out a "rip-off" of Americans] Planned congress action outlined.
REPORTER: George Herman

(Studio) Federal assistance to Lockheed in 1971 recalled. Effect of bankruptcy on Chrysler employees said factor in government decision to help company
REPORTER: Walter Cronkite

(Belvidere, Illinois) Reaction to bail-out by Chrysler employees examined. [Bennie RICE, Mark ACKERMAN - comment.] [General plants manager Raymond MAYA - comments on size of government assistance.] UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) president Doug. Fraser's support of government loan guarantees recalled. [FRASER - comments.] Implications of guaranteed loans for Chrysler outlined.
REPORTER: Don Webster

Reporter(s):
Cronkite, Walter;
Herman, George;
Webster, Don
Duration:
00:04:40

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