"The election has again confirmed the determination of the American people that regulation of private enterprise and not Government ownership or operation is the course rightly to be pursued in our relation to business. In recent years we have established a differentiation in the whole method of business regulation between the industries which produce and distribute commodities on the one hand and public utilities on the other. In the former, our laws insist upon effective competition; in the latter, because we substantially confer a monopoly by limiting competition, we must regulate their services and rates." — Herbert Hoover's inaugural address on March 4, 1929.

"Democracy is not dying. We know it because we have seen it revive — and grow. We know it cannot die — because it is built on the unhampered initiative of individual men and women joined together in a common enterprise — an enterprise undertaken and carried through by the free expression of a free majority. We know it because democracy alone, of all forms of government, enlists the full force of men's enlightened will. We know it because democracy alone has constructed an unlimited civilization capable of infinite progress in the improvement of human life. We know it because, if we look below the surface, we sense it still spreading on every continent — for it is the most humane, the most advanced, and in the end the most unconquerable of all forms of human society." — Franklin Roosevelt's third inaugural address on Jan. 20, 1941.

"In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibility — I welcome it. I do not believe that any of us would exchange places with any other people or any other generation. The energy, the faith, the devotion which we bring to this endeavor will light our country and all who serve it — and the glow from that fire can truly light the world." — John Kennedy's inaugural address on Jan. 20, 1961.