EXTRACTS FROM PRESIDENT S PRESS CONFERENCE, WEDNESDAY, 11/26/75, 7:30 PM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP84-00780R006700070007-7
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 14, 2016
• Document Release Date: January 3, 2003
• Sequence Number: 7
• Publication Date: November 26, 1975
• Content Type: TRANS

EXTRACTS FRG1 C~~ E S4 ~ ~RENCE07wR~0esd_y___ b 75, 7 30 PM.
71- 1. Rp.
QUESTION:,. Mr. President, I notice that you don't
put any dollar'. figure' on the amount of the loans that you.
would be offering.. I wonder if you could supply us with a
figure and, also, why were loans necessary rather than loan
guarantees?.
THE PRESIDENT: The amount in the proposed. legis-
lation, which is a maximum ceiling,., not necessarily would
they have to go up to the ceiling, but the figure is $2
billion 300 million per. year, all of.it to be repaid at
the end of each fiscal year.
The reason we made it a loan rather than a loan
guarantee is..very 1simple. It is-a much cleaner transaction
between-the Federal Government and the State and/or the
city. If you, have a loan guarantee, you involve- other
parties, and. we think it is much better,. we have better
control over it if we make it a direct loan from the...
Federal Government.
QUESTION: Mr. President, in view of.recent_,
revelations, are you fully satisfied th
everything that the CIA does since. you
and do you accept full .responsibility?.
THE,PRESIDENT: Miss.Thomas, I . certainly. hope that
I am fully aware of everything the.CIA.is doing. I can
assure you that if I am not fully informed, I will welcome
..any information that people may have that I don't know about,
but I have specifically asked for all information that I
think I.need concerning matters of the CIA.
QUESTION:. Can you say what steps you are taking.
to guarantee that the American people will_never,again
learn that a Federal agency plotted on the life of a
foreign leader or tried to defame a domestic leader like
Martin Luther King?
THE PRESIDENT: I have issued specific instructions
to the U.S. intelligence agencies that under-no circumstances
should any agency in this Government, while I am President,
.participate in or plan for any. assassination of a foreign
leader.
Equally emphatic instructions have gone
to any, domestic agency of''the Federal. Government and/or
the CIA, or, intelligence .agencies, that they , should, no,t
violate the.law involving the right of privacy of any.:'
individual in the United States.
Approved For Release .2003/04/29 : CIA-RDP84-0078OR006700070007-7
 Approved For Release 2003/04/29 CIA-RDP84-00780R006700070007-7
Page 15
QUESTION: Mr. President, is it still your
intention a s .rr~, to veto any tax cut package that Congress
might pass if iit..does not conform precisely with what you
proposed a few weeks ago?
THE PRESIDENT: I intend to veto any tax out measure
that .does not couple .with it a comparable reduction in the
growth of Federal spending.
QUESTION: ,Well, sir, that implies
on the precise numbers..,. is-that correct, so
a balance?
you might be flexible
long as there is
THE PRESIDENT: I, of course, proper ed a...
$28 billion tax cut, coupled with a $28 billion reduction
in Federal spending, I think that is the right level in both
cases.
The Congress, I hope, will accept it.
QUESTION: A;follow-up question,
if I co.uld9 Mr.. President, to the earlier_sta'ement on'the
Central Intelligence Agency, As you know, there is a grey
area in which.the.CIA might take an action which could `
eventually' lead to, danger or assassinat.i:on of a po.liti.cal
leader. Now, in your.:first news conference you indicated
that you supported such covert activities, particularly
in the case of Chile. Do you still support those activities
and, if..so, what kind of philosophy should the Constitutional
Democracy of.America taken into the situation:
THE. PRESIDENT: I repeat, under this Administration,
no agency of the Federal Government will plan or participate
in any assassination plot of a foreign leader.
The United States, however, in many cases for its
own protection, its own national security, must undertake
foreign covert operations but I am not going to discuss the
details of them.
QUESTION: Will you allow the country to involve
itself in situations which could potentially be dangerous
to other leaders?
THE PRESIDENT: The people in the intelligence
agencies know what my instructions are. If they violate /
them, proper action will be taken. .
QUESTION: Mr. President, in Angola the Soviets are
reported to be heavily involved. Do you find this to be
consistent with your understanding of detente? .
Approved For Release 2003/04/29 : CIA-RDP84-00780R006700070007-7
 STAT Approved For Release 2003/04/29 : CIA-RDP84-0078OR006700070007-7
Approved For Release 2003/04/29 : CIA-RDP84-0078OR006700070007-7