Word: bailouts
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...reason Iacocca decided to take the gamble of going once more to the well at this time was that he was uncertain about the possibility of getting additional assistance after Jan. 20, when the Reagan Administration takes power in Washington. Reagan opposed the original Chrysler bailout package, and after Inauguration Day his aides will sit on the board that will determine federal aid. G. William Miller, the outgoing Treasury Secretary, last week held meetings of the Loan Guarantee Board and said he thinks it is "in the national interest" to keep Chrysler alive. The board was expected to consider...
While King termed his most recent bailout proposal a compromise "which meets the essential concerns of all parties," legislators predicted yesterday that despite mounting pressure to resolve the crisis, King will encounter significant opposition...
Although the bill includes several key management reforms sought by the legislature and the MBTA Advisory Board, the board said it would continue to oppose a bailout of the debt-plagued agency until King agrees to a comprehensive overhaul of the system's financing...
...campaign progresses, Reagan seems to be undergoing another conversion. His rhetoric has become more muted, his tone less bellicose. On domestic affairs he has changed his mind about the federal bailout of Chrysler and loan guarantees for New York City (he is now for both) and disavows any thought of asking for repeal of the federal Occupational Safety and Health Act. Such moderation of views, aides insist, is consistent with his record as Governor of California from 1967 to 1974. In Sacramento he once went along with a tax change after proclaiming himself embedded "in concrete" against it. He sometimes...
...indicate that Reagan possesses some flexibility, but they have to be put in perspective. The switches in specific positions have been relatively few and have not involved any issues of national consequence, or any that are really still open for discussion. Who, at this stage, would reverse the Chrysler bailout or the New York City loan program? Asked about his basic attitudes last week, Reagan said, "Well, I'm still where I was over the past 20 years...