compare the two statements:

AGAINST DRASTIC MEASURES:
"We are told by the opposition that we mush have a change, that we must have a new deal. It is not the change...to which I object but the proposal to alter the whole foundations of our national life which have been built through generations of testing and struggle."
--Herbert Hoover, speech at Madison Square Garden, October 31,1932

FOR DRASTIC MEASURES:
"I have recounted to you in other speeches, and it is a matter of general information, that for at least two years after the Crash, the only efforts made by the [Hoover administration] to cope with the distress of unemployment were to deny it's existence."
--Franklin D. Roosevelt, campaign address, October 13, 1932

Hoover wanted to bring about changes,just like the opposition to handle the situation, but he did not want to use drastic methods which could shake the very base of years of hard work.

Franklin's opinion is that Hoover's adminstration is not capable enough to handle the situation and it is using the tactics of denial to escape handling the situation.
Both are in favor of changes,but Franklin believes in drastic measures with quick result whereas Hoover believes in the maxim of 'slow and steady'moving with erstwhile principles

is this ok?

Yes, with the exception of the word "erstwhile" I would use the word "conservative".

In the given statements, we have two different perspectives on addressing the economic crisis during the Great Depression.

The first statement by Herbert Hoover opposes the idea of implementing drastic measures. He acknowledges the call for change but objects to "altering the whole foundations" of their national life, which he believes were built through generations of testing and struggle. This suggests that Hoover is cautious and resistant to making significant changes to the existing system.

On the other hand, the second statement by Franklin D. Roosevelt supports the implementation of drastic measures. He criticizes the Hoover administration for denying the existence of unemployment and highlights that no substantial efforts were made to address the distress caused by the economic crisis. This indicates that Roosevelt believes in taking bold actions to tackle the problems faced by the country, including acknowledging unemployment and implementing solutions.

Comparing the two statements, it is evident that Hoover is skeptical about changing the foundations of the nation's life, while Roosevelt emphasizes the need for significant measures to cope with unemployment and address the economic distress.