Chrysler Corporation Chairman Lee Iacocca at M.I.T.

Chrysler Corporation Chairman Lee Iacocca delivers Commencement address to Massachusetts Institute of technology (MIT) on June 3, 1985, at the M.I.T. campus in Cambridge, MA. Iacocca told the graduates that the nation suffers from to national scandals, mortgage rates and an outdated foreign trade policy, saying jokingly that there were inheriting “A big mansion on a hill, but the problem is we haven’t paid for it yet.” (UPI Photo/mac/pool/Files)