Liberalism is a force truly of the spirit proceeding from the deep realization that economic freedom cannot be sacrificed if political freedom is to be preserved.

Our social and economic system cannot march toward better days unless it is inspired by things of the Spirit. It is here that the higher purposes of individualism must find their sustenance.

The President is not only the leader of a party, he is the President of the whole people. He must interpret the conscience of America. He must guide his conduct by the idealism of our people.

If America is to be run by the people, it is the people who must think. And we do not need to put on sackcloth and ashes to think. Nor should our minds work like a sundial which records only sunshine. Our thinking must square against some lessons of history, some principles of government and morals, if we would preserve the rights and dignity of men to which this nation is dedicated.

American business needs a lifting purpose greater than the struggle of materialism.

Economic depression can not be cured by legislative action or executive pronouncement.

It is a paradox that every dictator has climbed to power on the ladder of free speech. Immediately on attaining power each dictator has suppressed all free speech except his own.