Save the Greenback is an organization of U.S. Bureau of Engraving and Printing employees and paper and ink suppliers opposed to phasing out the paper dollar. The group formed to counter the influence of the Coin Coalition. Public opinion has tended to favor the dollar bill, although in 2000, the Government Accountability Office reported that a full implementation of the dollar coin could save $500 million a year.[1] 'Save the Greenback' successfully prevented a dollar bill phaseout with the help of legislators such as Mississippi Senator Trent Lott and Massachusetts Senator Ted Kennedy. Lott's constituency includes the powerful cotton industry, which produces fabrics used in the paper dollar; Kennedy's includes the Crane Paper Company which produces American banknote paper.
Portrayal In Media
In 2006 and 2007, Car Manufacturer Kia Motors used the group's name in a car discount campaign. In the TV campaigns, the group was portrayed as a group similar to Greenpeace, with a mission to save money.
References
- ^ United States General Accounting Office (2000-04-07). Financial Impact of Issuing the New $1 Coin. Retrieved on 2007-06-10.
