Theodore Roosevelt actually said...

I do not believe in government ownership of anything which can with propriety be left in private hands.

My fellow citizens:It is indeed a great pleasure to be greeted by you today.

When I say a square deal I mean a square deal; exactly as much a square deal for the rich man as for the poor man; but no more.

The economic and political fabric had to be readjusted in the midst of dire want, of grinding poverty.