- "I was recently browsing the web for the 1939 Morgenthau quote and came across your blog post of Feb 2009, which motivated me to look into the question further. I'm sure you've long since come to terms with the mystery, but I uncovered the full language of the original quote in a scholarly article, which sets to rest some of Anonymous' unease with the quote.
Since your blog is the first result for a google search on "henry morgenthau quotes," I thought you might want to post a final update that includes the full language. Here it is:
- [U.S. Treasury Secretary Henry Morgenthau, Jr.]: No, gentlemen, we have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong, as far as I am concerned, somebody else can have my job. 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…
But why not let’s come to grips? And as I say, all I am interested in is to really see this country prosperous and this form of Government continue, because after eight years if we can’t make a success somebody else is going to claim the right to make it and he’s got the right to make the trial. I say after eight years of this Administration we have just as much unemployment as when we started.
Mr. Doughton: And an enormous debt to boot!
HMJr.: And an enormous debt to boot! We are just sitting here and fiddling and I am just wearing myself out and getting sick. Because why? I can’t see any daylight. I want it for my people, for my children, and your children. I want to see some daylight and I don’t see it…
—Transcript of private meeting at the Treasury Department, May 9, 1939, F.D. Roosevelt Presidential Library
Horwitz, Steven. "Great Apprehensions, Prolonged Depression: Gauti Eggertsson on the 1930s." Econ Journal Watch 6.3 (2009): 313-36. Web.10 Aug 2010.
He notes that Folsom cites the transcript as well.
Let's hope there is someone of intelligence and character left within the Obama administration who will take him aside and explain the facts to him. Unfortunately, I think it is Obama's intention and desire to ruin the country financially, so he has no reason to change direction.