Republican (fascist/socialist) President Hoover, speaking to a campaign audience in Detroit, michigan, says,

       It can be demonstrated that the tide has turned and that the gigantic forces of depression are today in retreat.  Our measures and policies have demonstrated their effectiveness.  They have preserved the American people from certain chaos.  They have preserved a final fortress of stability in the world.

       [restored 7/2/2022] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

12/6/1932                   1/25/2011

References:

Current U.s. National Debt:

$36,167,124,467,492

Source