I know he didn’t say that, but he would. Here’s why:
“Obama’s spending plans will divert hundreds of billions of dollars toward government consumption. There is absolutely no way this could be done without damaging future investment.”
http://www.marketoracle.co.uk/Article5539.html
"Hayek’s analysis is based on the fundament fact that at any point in time an economy has a both a capital structure and a price structure. Anything that seriously disturbs the price structure will also impact on the capital structure and vice versa. Hayek used a table to help explain how increased consumer spending can divert investment from the higher stages of production to the lower stages of production.(Ibid.)
The consequences of this process is that investment in the higher stages will be reduced in favour of more consumption, which also includes government spending. This means that real wages and living standards will be lower than they would otherwise be. Taken too far and it will bring about an absolute fall in in living standards. And this is exactly the direction the US will go if the Democrats are able to engineer a massive increase in government spending."