One day at the height of the Great Depression, Babe Ruth was asked to take a pay cut. He refused, holding out for the amount ($80,000) stipulated in his contract. "But that's more money," his managers protested, "than Hoover got for being president last year." "I know," Ruth replied, "but I had a better year!"
[Hoover was harshly criticised for his reluctance to use federal intervention to promote economic recovery after the stock market crashed in 1929. "The president," Will Rogers wrote in his column, "will get as much money as Ruth when you hear 100,000 fans screaming for Hoover to knock one over the fence."]