"It is true that Communists and Fascists were round about. They formed popular fronts and gave the applause. These men shifted the relation of government to free enterprise from that of umpire to controller. Directly or indirectly they politically controlled credit, prices, production of industry, farmer and laborer. They devalued, pump-primed and deflated. They controlled private business by government competition, by regulation and by taxes. They met every failure with demands for more and more power and control . . . When it was too late they discovered that every time they stretched the arm of government into private enterprise, except to correct abuse, then somehow, somewhere, men's minds became confused. At once men became fearful and hesitant. Initiative slackened, industry slowed down production. Then came chronic unemployment and frantic government spending in an effort to support the unemployed. Government debts mounted and finally government credit was undermined. Out of the miseries of their people there grew pressure groups—business, labor, farmers demanding relief or special privilege. Class hate poisoned cooperation."
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Presidents of the United StatesEngineers from the United StatesMemoirists from the United StatesGeologists from the United StatesMining engineers
Original Language: English
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Speech (June 25, 1940) at the Republican Convention in Philadelphia, PA. As quoted in The Roosevelt Myth, John T. Flynn, New York: NY, Devin-Adair Company (1948) pp. 205-206
https://en.wikiquote.org/wiki/Herbert_Hoover
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Herbert Hoover
Herbert Clark Hoover (10 August 1874 – 20 October 1964) was the 31st president of the United States (1929–33). He was a professional mining engineer and was raised as a Quaker. A Republican, Hoover served as head of the U.S. Food Administration during World War I, and became internationally known for humanitarian relief efforts in war-time Belgium. As the United States Secretary of Commerce in the 1920s under Presidents Warren G. Harding and Calvin Coolidge, he promoted partnerships between gove
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