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The Empire Club © 2019 | All Rights Reserved

Vladimir Putin

Iacocca, Lee A.

The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.

The Chrysler Corporation and its involvement in Canada. Getting out of the recession. Restructuring a giant company. Some financial figures. "The Chrysler Syndrome." Changes made in the restructuring process, including those made to develop a closer working relationship with the labour unions. Commitments met, including jobs. Interest rates as the remaining barrier to success. Suggestions as to how and why fighting inflation with high interest rates won't work. The concept of "stagflation": an alliance of inflation and recession. The benefits of economic gradualism. Effects of current U.S. monetary policy on business. What is happening to the money that is available. Suggestions for fiscal and monetary policy: reducing the budget deficit through a modification of tax policy, and making credit available for the purchase of cars and housing. The demand for automobiles. A suggested policy of informal credit guidance or credit conservation, by the Federal Reserve Board of the U.S. and the Bank of Canada. A trend towards jobs, investments, and economic growth. Bipartisan economic policy at its best. The spirit of dedication to growth.