Description

Edgar Bronfman talks about the economical recession. He also talks about how he sees parallels to Roosevelt's time, but says the U.S. don't need another World War II to rescue the economy.

Transcript

The economy is in bad shape and it’s going to stay in bad shape for a while. It kind of fades out on itself, there are fewer jobs there aren’t a lot of people who spending money therefore reach for tracking and this have smaller profits and they let people go and they said “There aren’t a lot for it, finally” somebody like Roosevelt come along, says “You can live in fear but fear itself”. And then of course there are the WWII came along we have a basic recovery of the business, well I don’t think that won the world war to rejuvenate our economy. So we’re going to have to learn to do it with our selves now fortunately were in a very global world and it already takes one engine to get the things going again, the fifth time the engine would probably be the Far East the China and India. But you know we also have to learn our please our selves. We have to say, “No, that’s not the right thing to do, I’m not going to do it” and then so the majority businessman are the big majority businessman say that were still going to resolve the problems we have reoccurring.