It’s behind a paywall but in archives on that date searching for “educated proletariat”.

War, Revolution and Peace.
   He told a press conference
called "to correct misleading
charges" recently made by
Democrats that he thought
there are a lot of students in
college today who don't be-
long there.
   "We are in danger of pro-
ducing an educated proletar-
iat." Freeman said. "That's
dynamite! We have to be
selective on who we allow to
go through (higher educa-
tion).
   "If not we will have a
large number of highly
trained and unemployed peo-
ple. That's what happened in
Germany. I saw it happen."