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Review, It has to be related to government or Politics - Article Example

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Student’s Full Name: Professor's Name: Wall Street to the Rescue? (An article review) 09 October 2013 Introduction This review is on an article entitled “Wall Street to the Rescue?” written by Carrie Wofford which first appeared in the on-line version of the U…
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Article review, It has to be related to government or Politics
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Download file to see previous pages The current budge impasse is now on its second week and no end seems in sight due to the stiff bargaining positions taken by the Republican and Democratic Parties on the issue. The problem is that partisan politics can be a hindrance to a sensible solution because both parties do not want to give in to the demands of the other party; no one wants to be seen as capitulating as it can mean political defeat. The present shutdown is due to the recalcitrant action of a few Republican radicals who held an extreme view of the socialism espoused by the Democrats which is symbolized by Obamacare or the Patient Protection and Affordable Care Act of March 23, 2010 (PPACA). These Republican congressmen belong to the fringes of the Republican party, to the so-called Tea Party but as the writer Wofford pointed out, even these people are not totally deaf and may listen to the reasonable voice of wisdom and conservatism, which are the people in Wall Street such as corporate leaders, bankers, and financiers. These people are rightly concerned how a government default on its debt (sovereign debts) can have disastrous consequences for the entire American economy and even to the entire world in a linked globalized economy. Ms. Carrie Wofford suggested that Wall Street people also talk to these few Republicans in the same manner they had talked with President Barack Obama earlier to warn of the dangers. Discussion Ms. Carrie Wofford once worked under the Clinton administration as a policy aide. She was also the senior strategist in the Democratic Senate before as she is a lawyer of some importance and brilliance. As such, she has been a lifetime Democrat and is expected to hold Democratic views and espouse the ideals held dear by the Democratic Party. She is a veteran also of many Democratic presidential and senatorial electoral campaigns so she knows quite well how to craft a political strategy that will achieve a stated aim, by reaching out to other parties or to the opposing side of a debate through compromise, cooperation, and co-optation. Considering her political orientation as a Democrat, it is safe to assume she wants to resolve the current shutdown by proposing the compromise mentioned earlier, in which Pres. Obama can likewise ask people on Wall Street to talk sense to House Speaker John Boehner so he in turn can convince the few Tea Party members to agree and acquiesce to a “clean bill” solution to resolve the budget deficits and to determine the exact debt ceiling to be allowed. It is also her years of work as a lawyer and as a former judge that she resorts to compromise to resolve this issue to the mutual benefit of both political parties and to the entire citizenry. In a sense, her position reflects her views as a Democrat, which is to be more flexible. The magazine U. S. News & World Report is a liberal and left-leaning magazine publication and is expected to espouse the views of liberalism and the Democratic Party. This political orientation is similar to the .New York Times (NYT) which is the sister publication of the International Herald Tribune (IHT) which goes head-to-head with the conservative views of the right-leaning The Wall Street Journal (WSJ) which in turn reflects most of the views of the Republican Party as this party represents the interests of Big Business, in particular those corporate leaders who belong to Wall Street and the Fortune Big 500. So considering her own political leanings and the magazine she is writing for, her views can be ranked as moderate. ...Download file to see next pagesRead More
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