Iacocca Bashes Bush in New Book

By Lindsay Hamilton

Apr 15, 2007 9:20am

ABC News’ Jake Tapper reports: Twenty-three years after his best-selling and influential book "Iacocca: An Autobiography," former Chrysler CEO Lee Iacocca hits the bookshelves again Tuesday with "Where Have All the Leaders Gone?"

"We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car," Iacocca, 82, writes in his inimitable subtle prose. "But instead of getting mad, everyone sits around and nods their heads when the politicians say, ‘Stay the course.’"

The legendary, if less relevant, business leader had a close relationship with President Reagan in the 1980s, and endorsed then-Gov. George W. Bush for president in 2000. But he switched to Sen. John Kerry, D-Mass., in 2004, and his latest book lambastes the current administration.

"Thanks to our first MBA President, we’ve got the largest deficit in history, Social Security is on life support, and we’ve run up a half-a-trillion-dollar price tag (so far) in Iraq," Iacocca writes. "And that’s just for starters."

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