Word: sst
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Dates: during 1970-1979
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Thus, unexpectedly, a routine vote to pay off the contractors became a decision to try to fly the SST again. Just before it was taken, Democrat Sidney Yates...
Illinois, a key figure in the earlier House defeat of the SST, was in the Speaker's lobby. "We've got a chance," he said hopefully. "I've got a couple of guys I think I can switch." Ohio's Donald Clancy, a Ford henchman, overheard him. "We've got some more," he told Yates. Yates sagged, for he realized that the Republican leaders had more votes in reserve than he did. "God damn you," Yates said halfheartedly...
...formal roll call, a majority of members on the House floor opposed the SST, but Ford had persuaded six Republicans to vote "present" instead of "no." That made the difference. "They used every trick imaginable," said Massachusetts' Silvio Conte, the G.O.P. leader of the anti-SST faction. "They twisted arms! What's changed since March? Nothing! Nothing...
Fatal Estimate. Actually, a great deal had changed, especially at Boeing. Having dismantled the SST operation over the previous seven weeks, Boeing Board Chairman William M. Allen estimated the day after the House vote that it would now cost between $500 million and $1 billion in fresh Government financing to get the project going again. Said Allen: "In this business you just don't turn it on and off like a spigot...
Allen's estimate may be a fatal blow to the new hopes for the SST. Supporters of the plane have argued that the price of going on would actually be less than the cost of terminating the project...