Herbert Hoover actually said...

"Now, Therefore, I, Herbert Hoover, President of the United States of America, do hereby approve and proclaim the foregoing amendatory regulations."

"Altogether, from the above reasons, it is my belief that the theoretical benefits would not be reflected to the American farmer; that it would create profiteering; that it contains elements which woul..."

"It is not proposed to pay the debentures of subsidies to the farmers, but to the export merchants, and it seems certain that a large part of it would not be reflected back to the farmer."

"The first result of the plan, if put into operation, would be a gigantic gift from the government and the public to the dealers and manufacturers and speculators in these commodities."