Please help me with this. I need it within a hour. PLEASE!!!

1 ANSWERS

1. Guest1552308
   

   Public confidence is always very important lack of which took the nation in the late 20’s and 30’s in deep recession. Current situation is the hidden face of a recession that has yet to run its course. The change in leadership at the highest level bought some time but Obama has to talk up the economy while preventing his own poll numbers from sagging. The top level has been very busy dealing with foreign policy and national security -- the G-20, NATO, Turkey, Iraq and then on Sunday the dramatic rescue of Capt. Richard Phillips after Navy snipers killed the three pirates holding him hostage in a lifeboat. In the meantime, the markets staged a rally, two big banks reported first quarter profits and the president declared there were "glimmers of hope" after months of unrelenting bad economic news. There has to be some controversial actions taken soon to stimulate the economy and tough new policies to prevent another downfall in the future. Economists on the left and right agree that in a recession, government needs to stimulate demand. Families and businesses have cut spending; government needs to step in. Should government just let banks fail rather than bailout bad behavior, as many ordinary Americans believe? No, nations that have failed to act aggressively to get credit flowing in similar situations have only seen the problems persist longer. The main reason for government to step in is to keep the level of public confidence at current levels or increase it by an inch; if not doomday is around the corner.

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