"The American people never carry an umbrella. They prepare to walk in eternal sunshine. In times of prosperity and plenty, the public...orator who would suggest a measure for unemployment relief would find it most difficult to get an audience....There is little doubt in my mind that we may be able to work out some system of deferring portions of public works and holding them in reserve for...unemployment."
Al Smith

January 1, 1970

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Original Language: English