× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Economy: General Motors Corporation Cutbacks / Bush / Transportation Bill / Tax Rebate #336464

CBS Evening News for Wednesday, Dec 18, 1991
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Dan Rather) Report introduced.

(New York: Ray Brady) GM's announcement of cutbacks featured; details outlined. [GM chairman and CEO Robert STEMPEL - comments on cutbacks.] Reasons for General Motors Corporation losses noted. [Three General Motors Corporation plant WORKERS - comment.] Number of Xerox, TRW and IBM job cuts listed. [Conference Board Audrey FREEDMAN - predicts more job cuts.] Number of hours used to produce Toyota and General Motors Corporation cars compared. [Auto analyst John CASESA - comments on Japanese threat.] Possibility of union problems for GM noted.

(Dallas: Scott Pelley) Effect of big corporation cutbacks on smaller companies featured; details given. [Soon to be unemployed Mike MILLER - comments on loss of his job.] [Glover Machine Company W.H. WAGNER - comments on employee layoffs.] [Maxim Oil and Chemical EMPLOYEE - comments on ties to other industries.] Economists' estimates of job cuts resulting from major corporation cuts noted. [Southern Methodist University David BLAKE - comments on small companies.]

(Studio: Dan Rather) Report introduced.

(White House: Susan Spencer) President Bush's signing of the transportation bill in Dallas featured; scenes shown of Bush dining with and talking to workers. [BUSH - makes speech about jobs.] [Federal Reserve chairman Alan GREENSPAN - notes concern about the economy.] Greenspan reported hinting the Federal Reserve may drop interest rates again soon. [Representative Newt GINGRICH - comments on White House plan to give rebate to taxpayers.] Jimmy Carter's fifty dollar rebate plan recalled.

Reporter(s):
Brady, Ray;
Pelley, Scott;
Rather, Dan;
Spencer, Susan
Duration:
00:06:50

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.