Herbert Hoover actually said...

"The flash has just come in that Managua, the capital of Nicaragua, has been destroyed by an earthquake and is now burning up."

"I have canvassed the financial situation in the Government exhaustively with our different departments, and I can state that there will be no increases in taxes if the next Congress imposes no increas..."

"There will be no increases in taxes if the next Congress imposes no increases upon the budget or other expenditure proposals which the administration will present."

"But for Congress to do this the people must cooperate to effectively discourage and postpone consideration of the demands of sectional and group interests."