11/18/1929
https://www.presidency.ucsb.edu...
"As I said last night, we are in a degenerating vicious cycle."
"I do say that I consider some such program essential in the public interest, and that the carrying out of such a program does not admit of delay."
"I have, therefore, asked you to come here to make the definite suggestion to you that you proceed to the creation of such an organization, and make available to it such resources as will insure its ad..."
"If present tendencies are allowed to continue unchecked, there is no telling where the movement will stop."