Editorial # 1

For my first editorial post I decided to focus on the financial problem that the United States is going through and how it is affecting other parts of the world globally. ,The title of the editorial was, “America’s New Rescuer: Japan” written by David M. Smick, located on B7 of the Washington Post. The author believes that the United States will have around 3 trillion dollars invested into debt trying to help companies, and bail out other groups in a sense to try to revive the economy in any way. Mr. Smick wrote that the United States will eventually have to rely on another source of finance to accomplish its goal, given that Obama's bill would pass, (which it did). It was heard that Treasury Secretary Timothy Geithner, stated that he believes that the United States should ask China for help in this time of need since China is financially strong, but Mr. Smick believed differently. Yes, it is true that China has indeed shown a strong system but it too has its financial problems. Mr. Smick believed that instead of going to China for help, that the United States should look into help from Japan who has a "strong, predictable government." Mr. Smick stated, “Japan is a mature, predictable, structurally stable economy," which will help the United States. The only problem he mentioned was the size of Japan, and could it's economy be stable enough to support their country as well as the United State's. After reading the very interesting editorial, I was somewhat persuaded by the author. I really liked this editorial! :)