Beshear Creates "Economic Action Team"

Frankfort, KY – Governor Beshear says despite the gloomy national economy, his administration is using every tool at its disposal to run government efficiently, find savings and stimulate economic growth. He says we can't sit here, wring our hands and do nothing. These challenges will also provide us with a lot of opportunities. We need to be thinking about how to position our state to succeed when this economy does turn around and get better.

This week the state successfully sold 400-million dollars in bonds on Wall Street. Next week, the governor is holding a special cabinet meeting focusing on finding ways to help Kentuckians through the current economic crisis. The governor is also creating task forces on early childhood and higher education, because he wants the state well positioned when the economy does turn around, which he's confident it will do.