PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: jmhollen who wrote (495024)	11/18/2003 5:11:08 PM
From: jackhach	Read Replies (2) of 769667

>>Lee Iacocca<< The man who borrowed billions from the USA under Carter -- was given huge pay concessions from UAW and then built millions of horrible running K-Cars (suckered in many Americans to buy em'.) He then turns around cuts a check to the USA (free loan) and then cuts himself a psycho-huge check and fires most of the UAW who were promised pay raise upon finalization of the agreement with the US Treasury. Most of the money for repaying the loan came from junk bonds issued from the collateral of the Chrysler employee pension plan. The bonds later soured and they had to renegotiate the debt so as to avoid scrutiny of what Reagan ignored. Need not worry: Lee smartly waited till Reagan was president and Reagan quietly ignored the details about the workers contract under the agreement. Are you talking about that LEE? -JH

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