Franklin Roosevelt actually said...

"Those who get the profits when industry gets the volume are the ones to bear the risk of such price reductions as may be necessary to stimulate and restore volume."

"If price cuts are based on wage cuts, they are wrong."

"Industrialists kill the goose which lays the golden egg when they cut wages and thereby reduce purchasing power."

"If we want to restore prosperity we must increase, not decrease, that purchasing power."