Elmer Davis Quotes
New York was growing so fast that the extraordinary prosperity which attended 'The Times' almost from the outset brought no real injury to any of its important rivals; for years thereafter, they all grew and prospered together.
Davis, Elmer. History of The New York Times, 1851-1921. The New York Times, 1921, p. 17.
The economy was terrific under the Republicans and it is always hard to run against a successful economy. However, the lack of meaningful regulation and corporate and financial dominance caused the economy to come crashing down in 1929. See Hoover’s description {603859},
Ireland’s economy crashed in the Meltdown of 2008 and its Banks failed causing the rest of the economy to crash.
Actually the statement is not literally true though the exceptions are not numerous. People who sold their American common stocks before the 1929 stock market made money. The few people who bet against the U. S. Housing and Mortgage markets before the Meltdown of 2008, made a great deal of money. Over extended long periods, Biden’s statement is true.
Elmer Holmes Davis was a news reporter, author, the Director of the United States Office of War Information during World War II and a Peabody Award recipient.
