"Well, they're going to elect that superman Hoover, and he's going to have some trouble. He's going to have to spend money. But he won't spend enough.

Then the Democrats will come in and they'll spend money like water. But they don't know anything about money. Then they will want me to come back and save some money for them. But I won't do it." Calvin Coolidge, 1927.

Quoted in Goerge N. Nash,"The 'Great Enigma' and the 'Great Engineer,: The Political Relationship of Calvin Coolidge and Herbert Hoover" in John Earl Haynes ed., Calvin Coolidge and the Coolidge Era: Essays on the History of the 1920s (Washington, D.C.: The Library of Congress, 1998), 168.