Lee Iacocca Endorses Kerry for President
2000 Bush Backer Swings Support to Kerry in 2004
For Immediate Release
San Jose, CA - Former Chairman of the Chrysler Corporation Lee Iacocca today endorsed Democratic Presidential candidate John Kerry for President. Having backed George W. Bush in 2000, Iacocca is switching his support in 2004 after over three years of jobs failure by the Bush administration.
Iacocca announced his support for Kerry in San Jose CA at an event focused on Kerry’s plan to create high-tech, high-paying jobs and strengthen America through a greater commitment to technology and innovation.
“I want to thank Lee Iacocca for his powerful endorsement of our plans to build a stronger America,” Kerry said. “He knows the test of leadership is not whether it’s Republican or Democratic, but whether it will move this country forward. I’m proud to have his counsel and his support. There are few men more respected not just in corporate America, but in all of America, than Lee Iacocca.”
In 2000, Iacocca backed Bush, citing jobs, particularly in the Michigan automobile industry, as one of his chief concerns. Iacocca was an active campaigner who appeared in television ads and GOTV calls focused on the need to protect jobs in Michigan.
However after three and a half years, the Bush administration’s jobs record has been characterized by failure – losing 134,900 manufacturing jobs in Michigan alone.
George Bush faces the worst jobs record of any President who has run for reelection in nearly sixty years. From January 2001 when Bush first took office until May 2004, the economy has lost 1.9 million private sector jobs. While American jobs have been shipped to countries overseas, the Bush administration has stood by, even praising the benefits of outsourcing. Jobs that are being created pay significantly less than the jobs we have lost.
John Kerry knows America can do better and that we can have an economy that lifts families up with new, high-paying jobs. As President, Kerry will end tax breaks that encourage companies to ship jobs overseas and create 10 million new and better jobs in America, including 342,000 in Michigan. He will cut taxes for 99 percent of businesses and invest in technology and worker training, so that American workers are prepared for the jobs of the future.
Lee Iacocca Endorses John Kerry for President
Remarks of Lee Iacocca
Mayor Gonzales, thank you for that kind introduction, and thank all of you for this very warm welcome. Nice to be back in San Jose, by the way – I used to have a Ford plant here in Milpitas. We built a lot of Mustangs up there. This place is really – you know, I am supposed to be retired, but I sort of flunked it, I think, a little. In the past 10 years, I haven’t been playing much golf at all.
What have I been doing? I’ve been out making speeches, and I’m not running for anything, by the way. I’ve been talking to lots of CEOs of companies and of countries all over the world, and I’ve talked always about one subject: change. Economic change, technological change and political change. And how you adapt to all that change, because if you don’t, you sort of die.
I’m here today because our country needs a change in leadership.
We need a leader who is really dedicated to creating millions of high-paying jobs all across the country. The bottom line is simple: We need a new CEO and President.
And I gotta tell you, I say this not as a partisan but as an unabashed patriot: I’m here today for the same reason I spent 22 years leading the campaign to restore the Statue of Liberty and Ellis Island. I love this country. I came from a family of poor immigrants. We revered Franklin Roosevelt for what he did to help struggling families during the Depression.
My very first Presidential ballot – that’s how old I am – was cast for Harry Truman – unsurprisingly, an idol of mine. Why? Because he told it like it was. And he was a doer. With Harry, the buck really did stop here.
I’ve been friendly with every President since Lyndon Johnson, and over time I became less and less partisan – I guess that goes with age, I’m not sure. But in each election, I voted my conscience and supported who I thought was the best man for the job.
I never actively campaigned for anybody, except in 1980 and 1984 for Ronald Reagan and in 2000 for George W. Bush. I was deeply involved in the Bush campaign, stumping for him in Michigan and Pennsylvania, where I spent most of my life. I hate to tell you this now, I even appeared in a couple of Bush campaign ads.
But this year I’m supporting John Kerry to be the next President of the United States.
All of my best friends are Republicans, and they ask me, “Are you crazy or something? Why are you doing this?” Well, it’s simple. I tell them the world is changing. Our country is changing. And we need a leader who understands that change that’s taking place. And most important, we need a leader who will level with us about how we can adapt to that change and make things change for the better.
I’ve met privately with John Kerry, I’ve talked with him, I read all his position papers, and I would suggest you do likewise. I like him. And I’m endorsing him to be our next President because I like what he says about getting every American a fair shot at a secure, well-paying job so they can provide for their families – provide for their families and enjoy life a little more.
You know, sometimes it seems like my whole life has been about jobs. I even got fired from a big one one time. But without jobs for all those people who are willing and able to work, everything else fails. Just take my word for that.
When I headed Chrysler in the ’70s, I worked with Jimmy Carter and Tip O’Neill to save that company and 600,000 jobs. In the 1980s I campaigned with Ronald Reagan at Chrysler plants, always talking about the same thing: jobs. In 1988 I was one of six private-sector leaders that were asked to serve on the National Jobs and Economic Commission, which was formed to come up with an economic game plan for the country.
We didn’t do too hot, by the way – we sort of failed.
It’s also why 18 years ago I started a thing called the Iacocca Institute – if you pardon me – at Lehigh University in Pennsylvania, to do one thing: help make America more competitive in manufacturing. It’s key.
The keys to America's manufacturing success are simple: skilled workers, adequate capital investment, and, as Senator Kerry will discuss with you in a few minutes, innovation. Brains. R&D.
The fact is, we can’t compete unless our technology is world-class and cutting-edge. We cannot create new high-paying jobs unless America is the world’s leader in the industries of the future. And John Kerry understands that.
John Kerry would make a great commander-in-chief, I have no doubt about that. He would also make one hell of a CEO. That’s what a President is.
He knows how to surround himself with good people, and he knows how to set priorities. He’s a doer. And he does know how to make a tough decision now and then, believe me.
And most of all, John Kerry has a clear plan for where he wants to take the country, and what he’ll do as President in his first hundred days and then in his first two years, halfway through his first term.
And there’s another thing that John Kerry’s done that’s really impressed me, as a CEO of many years. In my 50 years in the auto business, I’ve always kept in front of me a hotlist – a hotlist of 10 priorities to move the company forward. I would address those personally almost on a daily basis, and guess what? John Kerry’s done that for the country, drawing up his own 10 national priority list.
By the way, he’s got such a great website – just go ask him what he’s going to do the first hundred days, and he’s got 10 priorities. I’m carrying them in my pocket now – I’m going to hold him to it when he becomes President, by the way. So he’s already a good CEO. He operates the way I used to operate.
But the main thing, he’s able to take charge and to change the direction of our nation. That’s really why I’m here. We’re going in the wrong direction.
So today I’m joining the Kerry team – as a front-line worker, I guess – I think in their jobs division or department or wherever I land. I will try to offer advice and consult with the Senator and do whatever I can to make him the next President.
Now, I’m doing this not as a Democrat or Republican, but as an American, simply.
I have two great causes left in my life. One is to find a cure for diabetes. I’ve been working on it for about 21 years now, and believe it or not, we’ve had a couple of breakthroughs. We’re getting closer, really.
The other is to change the direction of my country. To do that, we need a great leader, and it’s – believe me – a real honor for me to be able to introduce that leader, the next President of the United States, John Kerry.