American economy essay

I am disinclined to think that Republicans are yet ready for a serious questioning of their philosophy or strategy. They comfort themselves with the fact that they held the House (due to gerrymandering) and think that just improving their get-out-the-vote system and throwing a few bones to the Latino community will fix their problem. There appears to be no recognition that their defects are far, far deeper and will require serious introspection and rethinking of how Republicans can win going forward. The alternative is permanent loss of the White House and probably the Senate as well, which means they can only temporarily block Democratic initiatives and never advance their own.

According to Citizens for Tax Justice, a liberal-leaning Washington think tank, nearly forty percent of the benefits from Bush's tax cuts will go to the richest 1 percent of Americans, those earning on average $1 million a year. By contrast, only about seventeen percent of the benefits will go to the sixty percent of the population earning $45,000 or less. "The tax cuts made no sense as a stimulus measure," said Bob McIntyre, director of Citizens for Tax Justice. "If you want to stimulate the economy, you have to give money to people who don't

It is not just that seeking to placate the public at home with braggadocio overseas will make it harder still for China to garner allies and respect. There is a deeper problem. Many countries around the world admire, and would like to emulate, the undemocratic but effective way that China has managed its decades of growth. If China’s domestic politics look less stable, some of that admiration will wane. And even if things can be held together, for the time being, admiration for China does not translate into affection for it, or into a sense of common cause. Economically and militarily, China has come a long way towards regaining the centrality in Asia it enjoyed through much of history. Intellectually and morally, it has not. In the old days it held a “soft power” so strong, according to William Kirby of Harvard University, that “neighbours converted themselves” to it. Now, Mr Xi may know how to assert himself and how to be feared, at home and abroad. But without the ability to exert a greater power of attraction, too, such strength will always tend to destabilise.

American economy essay

american economy essay

Media:

american economy essayamerican economy essayamerican economy essayamerican economy essay