[Congressional Record Volume 145, Number 138 (Wednesday, October 13, 1999)]
[House]
[Page H9904]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    DAIMLER-BENZ, A GERMAN COMPANY?

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, in the 1970s Congress bailed out 
Chrysler, and last year Chrysler merged with Daimler-Benz. Chrysler is 
now a German corporation, and upon merging they said Americans will 
always have a strong voice in the new company's leadership.
  So much for the tooth fairy, Mr. Speaker. The three top American 
executives were replaced, and now the German company announced they 
will invest $28 billion, all of it in Germany.
  What is next, Mr. Speaker? Mercedes-Benz limousines for our White 
House?
  Beam me up.
  I yield back the billions of dollars that Congress invested into what 
is now a German company.

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