Word: chryslers
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...clear. "American companies need the United States Government as a full partner if they are to have any hope of competing internationally," he says in A Call to Economic Arms. "That means an industrial policy." Tsongas traces his affinity for government involvement in the private sector to the 1979 Chrysler bailout. He applauds his own leadership on the issue, but the driving force was really Senator Richard Lugar, an Indiana Republican. "Tsongas was important to show bipartisan support," says Roger Altman, the former Assistant Treasury Secretary in charge of the Carter Administration's effort to save Chrysler...
...government must inevitably be the tool of the bourgeoisie. And that Marx was right is certainly the first thought that comes to mind when one hears that President Bush (or, rather, president, as he can hardly be said to merit a capitalized title) is now a celebrity spokesman for Chrysler...
...parts to $19 billion by 1994. But they are reluctant to extend assistance to U.S. makers trying to sell American cars. "The Americans themselves have done little to penetrate our market," says Nissan president Yutaka Kume. "They must try harder." Beyond that, Kume would not mind if Americans like Chrysler chairman Lee Iacocca, whose comments about Japanese honesty and fairness Kume calls "outrageous and insulting," would cease their verbal assaults and get on with selling cars...
Print ads for a Chrysler-Plymouth dealer in Anchorage feature photographs from America's battle against Japan in World War II. The message is clear: the Japan that Americans fought against in World War II is still the enemy. In retaliation for their military defeat, Japan is waging economic warfare against the United States...
These same quotas have, in turn, kept Japanese auto manufacturers from competing in the U.S. market with less-established manufacturers from other countries such as South Korea and Yugoslavia. Honda and Toyota, not just G.M., Chrysler and Ford, have thus been able to keep their prices artificially high. Where the money consumers have spent "protecting" these businesses might have gone, in the free market, is anyone's guess. In any case, it would have gone to other productive enterprises, or even into savings or investment...