Excerpts from the Press Conference
02/17/1941
https://www.presidency.ucsb.edu...
The truth is that we are doing better than we anticipated in 1933.
The money to run the Government comes from taxes; and the tax revenue in turn depends for its size on the size of the national income.
Our national income had declined over 50 percent—and, what was worse, it showed no prospect of recuperating by itself.
I am sure that those in this audience who are devotees of outdoor life... will rejoice to know what has been done during the last three and ...