Franklin Roosevelt actually said...

"This Executive order shall not be construed to apply to such orders as the President may issue approving codes of fair competition under title I of the National Industrial Recovery Act."

"I do approve the granting of the aforesaid applications."

"I, Franklin D. Roosevelt, President of the United States, pursuant to the authority vested in me by Title I of the National Industrial Recovery Act, approved June 16, 1933, and otherwise, do hereby ad..."

"I do adopt and approve the report, recommendations and findings of the Administrator and do order that the said Code of Fair Competition be and it is hereby approved."