Herbert Hoover actually said...

Individuals who use the facilities of the exchange for such purposes are not contributing to the recovery of the United States.

The President's News Conference

02/18/1932

More Herbert Hoover Quotes

It is the very keystone of recovery.

I am confident that the undertaking of the representatives of both political parties to balance the budget remains and will be fulfilled.

Without it the several measures for restoration of public confidence and reconstruction which we have already undertaken will be incomplete ...

It is, in fact, the very keystone of recovery, and it must be done.