Parallels

OK, who said this:

...For one thing, the confusion of the administration’s utility, shipping, railroad, and housing policies had discouraged the small individual investor.  For another, the administration’s taxes on corporate surpluses and capital gains, suggesting, as they did, the belief in a recovery based upon capital investment is unsound, discouraged the expansion of producers’ capital equipment.  For another, the calling of names in political speeches and the vague, veiled threats of punitive action all tore the fragile texture of credit and confidence upon which the very existence of business depends....

You were right if you answered "Raymond Moley" in his 1939 memoir After Seven Years.

As long as we're into history, let's try another:

Some day, a President, if he is to save the country from bankruptcy and its people from ruin, must make the old fight over again, and this time the battle will be waged against desperate disadvantages. Against him will be arrayed the largest, strongest, and most formidably entrenched army of interested government spenders, wasters, and patronage-dispensing politicians the world has yet known. 

Yah, that would be Harding's Budget Director, Charles Dawes.  (And before you equate "Harding" with what your high-school history teacher told you--i.e., 'failure,' you'd best read the linked article.)

HT:  PowerLine