Headlines covering a statement delivered the evening before by US president Gerald Ford pledging to veto any federal aid for New York City to save it from bankruptcy, The Daily News, as we are informed by our faithful chronicler, lead with the front page story on this day in 1975 for its morning edition. 
Though Ford never said this line (the paper is known for its pithy and blunt copy), the sentiment was there and made a lasting impression among business and political leaders, demanding that the city make austere cuts to social programmes, raising transit fares and abolishing rent-controls in exchange for nationalising municipal debt. Two months later, Ford relented and gave New York loans, to be repaid with interest. Like Marie Antoinette (who never said “Let them eat cake”), Ford was haunted by this infamous misquotation (and unlike the Trump campaign that actually has said all the taunts, slurs and insults imaginable but will hopefully met the same indecorous fate) with career-ending consequences one year later, New Yorkers remembering, when the state pivoted narrowly to elect Jimmy Carter.
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