The Cry Wolf Quote Bank chronicles the false predictions and hyperbole by opponents of these laws and protections. While the issues and specific policies change over time, the rhetoric and themes remained the same. You can search the Quote Bank for what opponents said to prevent these laws from passing. Using the drop down menus on the right their statements by issue, by specific law, by who said it and by the core themes they evoke. Elsewhere on the site, you can find articles, studies, and other material that debunks their claims.
It [this bill] would increase unemployment by aggravating the very conditions which it is attempting to correct, by crippling the agencies which furnish opportunities for employment, by discouraging efforts to relieve unemployment, and by placing a premium on idleness.
It would result in further and unnecessary intrusion of the Government into the domain of private enterprise, thus aggravating the hardships which have already been caused industry by extensive government regulations, restrictions, and competition.
Establishment of minimum margins for banks is unfair and unnecessarily restrictive in principle.
The national securities act of 1934, as proposed, would interfere in a vital way with the essential supply of capital to business.
Taken together with the Securities Act of 1933 (the 1934 Act) will effectively bar the flow of capital into American business.
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
No rule of thumb method ... can be devised which will fit all securities in all situations....It would produce even greater injury than the Federal Securities Act in retarding or preventing the follow of securities into new and refunding issues, which are indispensable if employment is to be maintained and increased and the huge burden on the Treasury is to be relieved.
It would help me by driving 85 per cent of my competitors out of business, if I could manage to keep out of Atlanta or Leavenworth myself.
While both we and our clients are in entire sympathy with the aims and purposes of the Tugwell Bill, we are all of one mind in our fears about such a sweeping grant of autocratic power being placed in the hands of any bureau or department of government.
You are about to lose a substantial amount of advertising revenue from food, cosmetic and drug manufacturers…You need to bring all the personal pressure you can upon your Senators and Representatives. You need to enlighten and thereby arouse your public against this bill that is calculated to greatly restrict personal rights….We would be only one of the many drug, cosmetic, and food advertisers who will be forced to liquidate in this manner.