Henry Morganthau to Congress, May 1939:
"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much
unemployment as when we started ... And an enormous debt to boot!"*
* Burton Folsom, Jr., New Deal or Raw Deal? (New York: Simon &
Schuster, 2008), p. 2.
Morganthau was FDR's Secretary of the Treasury.
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