Word: giveaway
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Dates: during 1970-1979
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...measure, however, is far from a pure giveaway. For one thing, the loan guarantee is not a handout but simply the Government's pledge to reimburse private parties for the money, up to $1.5 billion, that they lend to Chrysler if the auto firm is unable to repay the loans. This promise should enable Chrysler to return to the money markets that have been closed for the past year. The automaker, moreover, will pay the Treasury an annual fee of at least 1% of the sum guaranteed...
...praise was by no means unanimous, and among the most vocal critics of the bailout plan was Wisconsin Democrat William Proxmire, chairman of the Senate Banking Committee, which must consider the actual legislation involved. He blasted the proposal as "a massive giveaway for the taxpayers, and a massive windfall for the banks, stockholders and others who have the main stake in a Chrysler bailout." He also pledged to make any aid terms "as tough as possible...
...last week quarreling over what to do about oil industry profits. The low point was reached on Monday in Providence, R.I., when Carter told a conference of Northeastern state officials that the Senate's efforts to water down his proposed windfall profits tax "could become a trillion-dollar giveaway to the oil companies...
...crisis will not have been a waste of time if it produces an independent national energy corporation to develop our oil resources and to promote alternatives. The oil situation will be an authentic disaster if it ends in a massive giveaway of tax money to the oil companies that would perpetuate their control of our energy supply for decades to come. It will be devilishly tempting for the government to do obeisance to the private sector and accede to the latter outcome. Our leaders may find the courage to withstand this powerful compulsion in a campaign that brands...
...Zonians' dismay at the Carter Administration's "giveaway" of the Canal Zone burst into the open at a flag-lowering ceremony at Balboa High School. "Jimmy stinks," chanted a group of American students standing outside the school as the U.S. flag was lowered. Zonians joked that Foul Play, the film showing at the local theater, was grimly appropriate; the movie was replaced the day after the turnover by El Expreso de los Espias, a spy film starring Robert Shaw and Lee Marvin that was titled Avalanche Express in the U.S. Shortly before the switch in sovereignty, many Americans...