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October 11, 1975 - Image 8

Resource type:
Text
Publication:
Michigan Daily, 1975-10-11

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gage Eight

T HE MICHIGAN DAILY

Saturday, October 1 1,-1975

ISIRHAN DIDN'T KILL RFK

Ford proposes govt. President's security Ford

energy corporation

tight in Motor City Cop

talks to
at Cobo

MIDWEST PREMIERE
THE SECOND GUN
The controversial documentary on the conspi-
racy to kill Senator Robert Kennedy, and the
subsequent cover-up. This film has been an im-
portant catalyst in the ongoing drive to reopen
the RFK probe.
-ALSO-
THE ZAPRUDER FILM
Sat., Oct. 11-MLB 3-7, 9 p.m.
all proceeds qo to Ann Arbor teach-in Nov. 2, 3, 4

WASHINGTON M) - Presi-
dent Ford proposed yesterday
the creation of a federal cor-
poration to invest, lend or guar-
antee $100 billion to put risky
new energy sources into busi-
ness.
But the corporation, using tax-
payers' money, would be re-
quired to place its bets care-
fully enough to limit the gov-
ernment's risk of losses to no
more than $25 billion.
THE PROPOSAL would for-
bid federal financing of energy,
projects that would find pri-
vate financing.
But officials concede that de-
ciding which projects deserve
government financing would be
up to the business judgment of
SIGNED
ANDY WARHOL
POSTERS
VALUE - $250.00
on sale at Centicore for
$75.00
the second you take it out
our door it appreciates more
than 300%
CENTICORE Bookshops

the corporation's five-member ( (Continued from Page 1) 1
board of directors. DETROIT POLICE said yes-I
Federal Energy Administra- terday that "things naturallyE
tor Frank Zarb told reporters would tighten up" after the twoc
the government would plan and earlier assassination threats. 1
expect to get its energy invest- . The $50-a-plate dinner follow-j
ments back eventually, as the ing the press conference was al-
energy projects its finances be- most anti-climatic after the ten-,
come profitable. sion-filled afternoon and the two
BUT THE government itself alleged assassination attempts.
would not go into the energy Republican p a r t y members
business through direct owner- were smiling and relaxed and
ship or operation, except in tem- the presence of security people1
porary cases where it might seemed less imposing.-
construct a facility, then lease1
or sell it to private industry. FORD, unwinding, at the din-t
The bill sent to Congress by ner, quipped about cancellingi
the President would direct the his attendance at today's Mich-
corporation, called the Energy igan State-Michigan game.
Independence Authority (EIA), "We decided against it be-,
to emphasize loans and loan cause of security reasons-po-t
guarantees to private business, litical security reasons. No mat-t
in preference to equity invest- ter which team I rooted for,
ment or guarantees of fuel there goes half the state, ' he<
prices. joked.
The aim of the plan is to One middle-aged Republizanf
speed up the process of getting party man was the recipient off
new energy sources into large- an attempted "Happy Birthday"t
scale commercial operation, sing-a-long, while another slept
when private business cannot through Ford's speech after din-
raise the necessary investment ner.
money on its own.C
To be eligible for federal sup- Outside Cobo Hall, two de-
port, a proposed energy pro- monstrating groups numbering
ject would have to show pro- 30-40 members each fought forz
mise of making a real contribu- attention. While Youth Unitedt
tion toward greater energy pro- for Jobs, a national lobbyist
duction in the United States. group, shouted "We want a

j-o-b so we can e-a-t", the
Workers World Party and Youth
Against War and Fascism
chanted, "Stop the war against,
Black America: stop racist ter-
ror."
Police eyed the groups in-
tently, but took no action.
THE GOP dinner was pre-
ceded by a $500-per-couple re-
ception where 600 persons re-
portedly paid the price. Ap-
proximately 4,000 persons
bought tickets for the $50-a-plate
chicken dinner, returns hover-
ing around $345,000.
Max Fisher, Salute Dinner
Committee General Chairman,
said the party thought that
these funds would "wipe out the
debt of the Republican Party."
Governor William Milliken
supported Fisher's statement,
saying, "This party, for the
first time in many years, will
find itself in a solvent condi-
tion."
Republican party big-wigs
have called the fund-raiser the
"biggest and most successful"
one Michigan has ever had.
Gen. D o u g l a s MacArthur
made good his promies to re-
turn to the Philippines when he
walked ashore Oct. 20, 1944, at
Leyte.

(Continued from Page 1) take it lying down either. They
is government-government with fight back - and the country
the consent of the governed-for benefits and we're proud of the
the good of all Americans. leadership in the American auto
industry."

I

"I BELIEVE in tae right of
the American people to spend
their own money rather than
letting the Congress spend it
for them," he went' on. WI.at
could be more politi al than
proposals of the big spenders in
Congress to reduce taxes and in-
crease spending. That's the most
obvious and the most cynical
politics."
Ford also defended the eq'ity
of the program for all tax-
payers.r
"The poor pay no more taxes
(under the proposed plan) than
they were under the 1975 Act
(Senator Russell Lo'g's 1975
Tax Act)," Ford said. "The very
wealthy get no more tax reduc-
tion. But, the middle-income peo-.
ple are the ones who will be
the biggest beneficiary, as they
should, under my tax proposal.
"THIS IS the group that got
short shrift in the 1975 Act, and
this is the group that are hard
working, industrious people who
deserve a better break."
Speaking to members of a
state party organization with
strong ties to the automobile in-
dustry, Ford declared, "Every-
one here knows the auto indus-
try has a tremendous impact on
the economy of this nation.
When American auto sales are'
down, so in most cases, is the
economy.

I tl N- F JL

i

FRANCOIS TRUFFAUT'S 1970
MISSISSIPPI MERMAID
The beautiful Catherine Deneuve and the irrepressible Jean-
Paul Belmondo in a study of love that has very little to do
with the Mississippi River. Truffaut claims it is dedicated to
Renoir and was filmed somewhat like a Hitchockian Mys-
tery. In French and in color.
SAT.: WISEMAN'S JUVENILE COURT
TONIGHT at OLD ARCH. AUD.
Cinema Guild 70and 9:05 Admission $1.25
A N n n n 0 3 I r

i
i
I
I
i
i
r
i
I
i

AV0 ON
c<,5a,>

a/u4
(Inside THE POISON APPLE)
FIRST IN SOUTHERN MICHIGAN

JJ
m. TUES., THURS., & SUN.
)AY & SATURDAY

Ford praised his . economic
record but urged caution and
responsibility in fighting re-
maining fiscal problems.
"We must not delude our-
selves," he said. "Just beneath
the surface there are still deep-
seated problems in our economy
-problems which have been
building up over the years, and
they won't go away overnight.
"THE UNDERLYING causes
of these economic difficulties
must be attacked responsibly,"
he added. "We must come up
with solutions that not only
serve this year, but this gener-
ation, and the next."
During the press conference,
Ford discussed his campaign ex-
pectations.
When asked if the candidacy
of former Governor of Califor-
nia Ronald Reagan worried him,
Ford declared, "I am not wor-
ried about any Democrat or any
Republican competitor. I expect
to be nominated and I think the
prospects are excellent to be
elected President in 1976, and I
don't sit around worrying about
any competitor, whether it is
Republican or Democrat.
"WE ARE going to run our
own campaign," he added. "I
think we will have a good rec-
ord to run on, and I will take
my chances on that record. I
am not going to worry about
what some other candidate does,
' whether it is a Republican can-
didate or any one of 20 Demo-
crats. I never enter a ball game
thinking I am going to win, but
I sure work at it as though I am
going to lose. And I think if we
do, with the programs we have,
our prospects aren't bad."
Responding to a reporter's
question, Ford advocated strong
penalties rather than strong gun
control legislation to fight crime.
"I have not yet been con-
vinced that the 'gun is the cul-
prit," he said. "It is the. per-
son who uses the gun that ought
to be punished for illegal pur-
poses."
At the press conference, in
response to a request for a pre-
diction on today's Michigan-.
Michigan State football contest,
Ford said only, "They're both
my friends and I like my
friends."
The president also said that
he was "delighted" to hear that
former President Richard Nixon
has 'apparently recovered his
health, but that he would not
speculate on the possibility of
Nixon's serving in his adminis-
tration. He said Nixon had made
no request of that knd.

I1

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