Friday, October 1, 2010

Critique of " The Only Policy Left: Growth"

The Wall Street Journal

          The author, Daniel Henninger, is the deputy editor of The Wall Street Journal's editorial page. He was a finalist for a Pulitzer Prize in editoril writing in 1987 and 1996. The author's intended audience in this piece "The Only Policy Left: Growth" says its the American People. But I definitely believe he is pointing the finger at American politicians as his main target. He is arguing that nothing so far politicians have done has helped the economy. Unemployment is still at 9% and our solution is economic growth. Henninger's evidence comes from economists all being in agreement on the proven wonders of economic growth. It is proven to create jobs, increase individual wealth, reduces debt, and enhance national well being.  Democrats are too focused on the public sector. Republicans hardly remember how to give Economic growth the starring lead. The Solution: let the Americans solve this problem the American way: work, compete, innovate. Pretty much do whatever it takes to create economic growth
He also talks about the American people being fed up with politicians that they are " cheap, lying, no good, etc..."  I believe its time to stop placing the blame and lets do something about it. But we do need good solutions to the problem instead of just throwing money at it. Also, some of our problems we need to take care of ourselves. If you cant afford it dont buy it (unless medical are starving issue). The American dream comes at a price, hard work and accountability.
I agree with what he says, that we just need to get out there and work. Any job is better than none. I do think that our generation has the idea that we are "owed" something (aka job). But it doesnt work that way. I think he is trying to say that the law of natural selection applies, the strong will survive.  I still believe we have to help people that need it.  But those who actually deserve it. We need to go on a strict budget and stop frivolous spending. Henninger mainly says the solution is: people need to work, compete, and innovate. Henninger does say the challenge of political leadership is a population being asked to sacrifice needs, to be able to believe something better is possible. He does make a good argument but I believe he needs more examples of how to stimulate economic growth. I think his argument would be stronger and less philosophical. Last thing to say is that I believe he is also saying the Republican Party are the leaders that will solve this problem. So I do believe he is biased.

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