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the film industry was hardly immune to the downturn. The Disneys, however, were. While other studios saw their revenues dip precipitously—not so much because audiences declined, though they did, as because the studios had overextended themselves in a wild theater-buying spree in the 1920s, and the value of the property collapsed—the Disneys, without theaters or personal investments beyond the shares they owned in one of Uncle Robert’s get-rich-quick oil schemes and some plots of real estate, sailed along unscathed by the national trauma. Though they suffered financial wounds, most of them were self-inflicted, the result of Walt’s unwillingness to compromise the quality of his films. Rather than cutting costs, he kept increasing them. Even usually reserved Roy felt that he and Walt had somehow cheated the Depression by constantly reinvesting in their own studio rather than investing in the stock market. “Anything that we had saved up was all put into our business,” he wrote his parents in 1932.
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Decoding Greatness
Ron Friedman
Perhaps the most damning comment Bolton offers, in the end, isn’t about foreign policy but Trump’s response to the coronavirus pandemic. “Trump’s reflex effort to talk his way out of anything . . . even a public-health crisis, only undercut his and the nation’s credibility, with his statements looking more like political damage control than responsible public-health advice.” John F. Kelly, Trump’s harassed chief of staff, mutters to Bolton at one point, “Has there ever been a presidency like this?” To which Bolton replies tartly: “I assured him there had not.”
Book Review of the Room Where It Happened: A White House Memoir by John Bolton - The Washington Post
washingtonpost.com
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