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STATEMENT BY LEE IACOCCA, CHAIRMAN OF THE BOARD OF CHRYSLER CORPORATION, IN RESPONSE TO PRESIDENT BUSH'S STATE OF THE UNION ADDRESS

STATEMENT BY LEE IACOCCA, CHAIRMAN OF THE BOARD OF CHRYSLER CORPORATION,
 IN RESPONSE TO PRESIDENT BUSH'S STATE OF THE UNION ADDRESS
 DETROIT, Jan. 29 /PRNewswire/ -- The following may be attributed to Lee A. Iacocca, chairman of Chrysler Corporation (NYSE: C):
 The President has the right priorities, both short term and long term -- getting money into people's hands now and giving the economy a quick boost and a longer term action plan to improve America's competitiveness.
 People have been scared. They've put off buying high-ticket items like cars and homes that mean jobs. With interest rates as low as they are, the President's proposals may be just the shot in the arm this economy needs. I urge Congress and the President to work together quickly to get the job done.
 -0- 1/29/92
 /CONTACT: Tom Houston of Chrysler, 313-252-8790/
 (C) CO: Chrysler Corporation ST: Michigan IN: AUT SU: ECO


SM -- DE008 -- 4606 01/29/92 09:37 EST
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Publication:PR Newswire
Date:Jan 29, 1992
Words:158
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