Yes.
I don’t know much about Laguardia, but this indicates he was quite perceptive and prophetic about the events that were to later take place.
From everything I heard as a boy, La Guardia was probably the best mayor NYC ever had.
“... prophetic about the events that were to later take place.”
Indeed. Everyone likes to say it all came out of nowhere but here is the Mayor of NYC calling it in the early thirties.