We have tried spending money. We are spending more than we have ever spent before and it does not work. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. ... I say after eight years of this administration we have just as much unemployment as when we started ... and an enormous debt to boot!
~ FDR's secretary of Treasury and close friend, Henry Morgenthau, who served from 1934 to 1945, writing in 1939