06/13/1929
https://www.presidency.ucsb.edu...
"This time the Nation has realized that as a sound economic policy, the prudent expedition of construction could be to an important degree used as a balance wheel to maintain security of employment, to..."
"To definitely organize so as to prevent the activity in public works from receding like other activities in depression, and to speed them up in anticipation of future needs so as to alleviate unemploy..."
"In all previous depressions, the volume of public works has diminished because the State and municipal governments, feeling the effects of such depression in taxes, in problems of finance, and in the ..."
"It takes time to plan public works, to legislate, to finance them, to assemble materials, to enter contracts so that the second half of the year promises even greater results--particularly is this tru..."