Herbert Hoover actually said...

"There has been a tendency for wage increases and the output per worker has increased, all of which indicates a very healthy situation."

"The temporary drop in grain prices sympathetic with stock exchange prices usually happens, but, as the Department of Agriculture points out, the overriding fact in grain is that this year's world whea..."

"Moreover, there has been a tendency of wages to increase, the output per worker in many industries again shows an increase, all of which indicates a healthy condition."

"The fundamental business of the country, that is the production and distribution of commodities, is on a sound and prosperous basis."