Here's his 1978 testimonry before the House, asking for a Federal bailout.
A microcosm, Chrysler was that big.
So was America, racked by oil shocks, stagflation, economic competition from Asia and a crisis of confidence after Vietnam and in the face of communist advances.
'I need your assistance now and I need a vote of confidence.'
Iacocca simply had nowhere else to turn and went to congress hat in hand.
The bailout was about a lot more than cars.
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