They realize that in thirty-four months we have built up new instruments of public power. In the hands of a peoples Government this power is wholesome and proper. But in the hands of political puppets of an economic autocracy such power would provide shackles for the liberties of the people.

To carry adequate life insurance is a moral obligation incumbent upon the great majority of citizens.

The people of America are in agreement in defending their liberties at any cost, and the first line of that defense lies in the protection of economic security.

We know now that Government by organized money is just as dangerous as Government by organized mob.... [The organized moneyed people] are unanimous in their hate for me and I welcome their hatred.... I should like to have it said of my second administration that these forces met their master.

Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.

Repetition does not transform a lie into a truth.

Industrial combination is not wrong in itself. The danger lies in taking government into partnership.