09/05/1963
https://www.presidency.ucsb.edu...
"When you give people money, they generally like it."
"How do you know the businesses would not have gone there, anyway?"
"Do you think we would be better off if State, Federal, and local government all got together and say, 'We are going to stop trying to buy business?'"
"Right, but Government has given them the privilege of lending nationwide--am I correct?--so long as they comply with the necessary rules."