Herbert Hoover actually said...

"Since that time employment has been slowly increasing and the situation is much better today than at that time."

"One result is an increasing volume of bond issues have been placed for public improvements."

"Nationwide response to the request for increased construction and improvement work by public authorities, railroads, utilities, and industries is having a most material effect."

"All the evidences indicate that the worst effects of the crash upon employment will have been passed during the next 60 days with the amelioration of seasonal unemployment, the gaining strength of oth..."