01/14/1934
https://www.presidency.ucsb.edu...
"If we can get around that and purchase real estate at a lower price so that we can put up buildings with low rents, the Federal Government stands ready to increase very greatly its slum clearance allo..."
"The general principles of H. R. 7659 seem to me sound, and the effect sought a necessary one for recovery and prevention of future economic crises."
"Of course that is not free competition and the thing is not working."
"We have to find some method of restoring competitive bidding."