That ad (embedded below) was considered so controversial, that the networks wouldn't run it (Here's a CBS News segment on it from back then.) Like the ad 24 years before, the new ad aims to send a message against the deficit and debt.
W.R. Grace's grandson was J. Peter Grace, co-founder of C.A.G.W. Peter Grace was a conservative Democrat who supported President Ronald Reagan's tax cuts. President Reagan selected Grace to lead The Grace Commission on waste and inefficiency in the federal government.
"We intend to run the ad well into 2011," says C.A.G.W. spokesman Leslie Paige. "Reducing the deficit and the debt is of paramount importance to our nation now and to the generations that come after us."
Here's the 1986 ad:
More articles on the 1986 Ad:
- Time: Advertising: The Trial of 2017 A.D. (Feb 10, 1986)
- People Magazine: See Spot Not Run (June 2, 1986)
- Associated Press: Independent TV Stations to Show Grace Ad (Aug 7, 1986)
Sharyl Attkisson is a CBS News Investigative Correspondent based in Washington. You can read more of her posts in Hotsheet here.