FDR President on TV when Stock Market Crashed?

In gaffe, Biden says FDR led when market crashed

Sept 23, 2008

Associated Press

 

WASHINGTON – Vice presidential candidate Joe Biden says today’s leaders should take a lesson from the history books and follow fellow Democrat Franklin D. Roosevelt’s response to a financial crisis.

 

“When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed. He said, ‘Look, here’s what happened,'” Barack Obama’s running mate recently told the “CBS Evening News.”

 

Except, Republican Herbert Hoover was in office when the stock market crashed in October 1929. There also was no television at the time; TV wasn’t introduced to the public until a decade later, at the 1939 World’s Fair.

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