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Lockheed Loan #459239

NBC Evening News for Friday, Jul 09, 1971
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(Studio) Nixon administration proposes giving loans to any industry in danger of bankruptcy.
REPORTER: Frank Mcgee

(DC) [Senator William PROXMIRE - points out President would control board approving loans under proposed plan; President could approve loans to help him in election year] [Treasury Department spokesperson Charles E. WALKER - doesn't think plan would be abused for political gain.] [PROXMIRE - says approval or denial of Lockheed Aircraft Corp.'s loan could affect California citizens' votes in next election; once efficiency of industry replaced by political power as determiner of whether industry survives, economy system will be weakened.]
REPORTER: No reporter given

Mcgee, Frank

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