US Presidency
1928

Nor do I need to remind you that Government today deals with an economic and social system vastly more intricate and delicately adjusted than ever before. That system now must be kept in perfect tune if we would maintain uninterrupted employment and the high standards of living of our people. The Government has come to touch this delicate web at a thousand points. Yearly the relations of Government to national prosperity become more and more intimate. Only through keen vision and helpful cooperation by the Government has stability in business and stability in employment been maintained during this past seven and a half years. There always are some localities, some industries and some individuals who do not share the prevailing prosperity. The task of government is to lessen these inequalities. Never has there been a period when the Federal Government has given such aid and impulse to the progress of our people, not alone to economic progress but to the development of those agencies which make for moral and spiritual progress.