Monday, November 7, 2011

Compromise

             In this ongoing debate on how to handle the economic crisis there are many point of views; whether we should increase government spending, or put restraints on debt spending; whether we should increase taxes on the wealthy, or introduce a flat tax rate to ensure equality in the tax system. Though all these ideas have valid reasoning and credit to economist around the country, the only real solution that we know will work is compromise.
                Cartoonist Wuerker addresses this through his characterization of the economies of China and U.S. The only way we can remain a strong competitor is through compromising not just in the government, but also with the people. Americans have a strong tradition of feeling entitled to certain benefits, like social security and medicare. E.J Dionne of the Los Angeles Times wrote about these strong feelings and how the only way to reach compromise is by evaluating the necessities and whether or not all people need such social benefits. I would like to agree with these two points of views, it is imperative to our future success that the government and people learn to work together. It is not only up to one side to bare the brunt of the blame for the recent economic collapse and moving forward we need to learn how to tap into the great ideas that made America one of the most successful nations in world history.

The Chinese Compettion


Wuerker in this political cartoon shows how the in-fighting of the U.S government is inhibiting economic recovery and putting the U.S behind in terms of world-wide competition. This cartoon showcases the two economic leaders in the world, the United States and China, and it shows how the team of China is uniform and looks like a prepared team for the upcoming "game". The United States on the other hand is disorderly and cannot even setup at the line of scrimmage. Wuerker is making the assertion that until the United States can come together and reach a compromise, they will inevitably lose their position as an economic power in the world.