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LIVE: Bredesen addresses budget woes
Posted By katie allison granju
We’re streaming the governor’s press conference on the budget LIVE over at WBIR.com.
May 7th, 2008
Franklin Delano Roosevelt was President of the United States in 1932 as the country was twirling into a severe recession. Is the U.S. better off today than it was back then? FDR’s “New Deal” economic policies radically reformed the way the U.S. Economy works. The government’s role in the economy evolved to a dire extent that America had never seen. In the policies of Roosevelt’s short – term loan that provided the country with a needed lift. On the other hand, it can also be argued that his policies have left long-term damage to the country. Paul Rubin gave his opinion on a Wall Street Journal article, suggesting that while our current state of the U.S. economy is not in the same state it was in 1932, both share many of the same aspects: stock market in a whirlwind, credit markets locking down and Sen. Barack Obama, a Democratic presidential candidate running on a platform that will put increased government regulations in place and into problem areas like the economy. Supporters of the free market economy are concerned that Obama’s governmental “hand-on” policies will not provide the long-term direction that the American economy so desperately needs. Of those who support the standards of the free-market system will no doubt say we are in for the same economic disaster as it was back in 1932.
Since that at presently the economic status of the country is not so good at they are thinking off. Sometimes we they could notice that there are some areas that they much more giving their attention is some cases but what is more important at presently to survive the country in the economic distress that they are take in.
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