Richard Nixon actually said...
I am reminded of what Benjamin Franklin replied when a balloon was first floated and someone said to him, 'What possible use could there be for that?' And Franklin's advice was, 'Well, what use is a newborn baby?'.
Context
Remarks at the Swearing In of Dr. Edward E. David, Jr., as Science Adviser to the President and Director, Office of Science and Technology
09/13/1970