Tuesday, May 31, 2011

Spend like it's 1929

The other day in class we looked at some advertisements from the 1920's. We noticed that they were remarkably similar to advertisements today because they are economy oriented. One particular quote from Henry Ford showed how focused many companies in the 20's were on boosting the economy. The Ford automobile slogan was "Buy a Ford, Spend the Difference," which was not only convincing consumers to purchase Ford cars, but convincing them to spend money in general.

Today, our economy is obviously not doing too well, and experts predict that the most effective way to boost our economy is for the American people to spend more money. This mentality is very similar to what we saw in the 1920s.

http://politicalticker.blogs.cnn.com/2010/06/13/obamas-push-for-spending-to-boost-economy-gets-mixed-reaction/

This article discusses Obama's push for spending and the mixed reaction it has received by the public.
Do you agree with Obama? Should we spend more money to help fix our economy?

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