In response to Secretary of the Treasury Henry Morgenthau’s speech to restore business confidence in the teeth of a recession:
Every time that God-damned fool announces a balanced budget, it means that Government purchasing power is being cut and that’s about the only thing that’s keeping things together. The trouble is, the President won’t spend any money. Nobody on the outside will believe the trouble we have with him. Yet they call him a big spender. It makes me laugh.