The infamous cover of the NY Times stating Ford telling NYC to "Drop Dead". In reality Ford did not say that, Ford did eventually give NYC loan guarantees. Beame inherited the mess from Lindsay the day Beame took office in January of 1974. He had 4 short years to do the best he could with what he had! It wasn't a simple fix and it wasn't just loan guarantees, a number of new things had to be and were implemented.
the federal government should bail out Detroit since we all pay taxes to the federal government. I know many will disagree with me but that's my opinion.
Ford rightly told them to go fly a kite. Years later, NY realised it was better not to have taken a loan after all. Nice to see a Democrat, in Hubert Humphrey also supporting the President.
The infamous cover of the NY Times stating Ford telling NYC to "Drop Dead". In reality Ford did not say that, Ford did eventually give NYC loan guarantees. Beame inherited the mess from Lindsay the day Beame took office in January of 1974. He had 4 short years to do the best he could with what he had! It wasn't a simple fix and it wasn't just loan guarantees, a number of new things had to be and were implemented.
It was the New York Daily News that had the “Ford to City: Drop Dead!” headline, not the Times.
the federal government should bail out Detroit since we all pay taxes to the federal government. I know many will disagree with me but that's my opinion.
Ford rightly told them to go fly a kite. Years later, NY realised it was better not to have taken a loan after all. Nice to see a Democrat, in Hubert Humphrey also supporting the President.
NYC got a $12 billion bailout after foreign leaders warned Ford that NYC couldn't be allowed to default.
Hubert could have been speaking about today!
"The resession will not be over until people are back to work"
He obviously didn't understand the jobless recovery which is now repeating.
Union leaders were always willing to let their members go down on the ship.
twenty.....billions...
G. Edward Griffin brought me here.
Watching this after hearing about people moving from NYC during the Covid-19 Outbreak and rise in crime.