05/12/1977
https://www.presidency.ucsb.edu...
"This legislation is in the best interest of our country."
"This legislation will permit the Federal Government to guarantee $1 1/2 billion in loans to Chrysler from private sources."
"These steps are designed to remove supplies from the market in order to assure that price levels will not be unduly affected."
"We've always had a few basic principles to guide me since I've been involved in meeting this absolutely illegal and abhorrent act."