With the Dow Jones Industrial Average having dipped below 8,000 today (a little before 2:00 PM EDT), a question occurs to me.
What if the 1929 stock market crash had happened one year earlier - in October 1928? Would we have had President Alfred Smith instead of President Herbert Hoover?
Good point.
There was a risk of Obama being a Al Smith like pathbreaker who lost. Less likely now.
I wonder. Did Smith criticize Wall Street, or was he a booster, being a fellow New Yorker?
Posted by: Rick Heller | October 13, 2008 at 04:42 PM