Student Response
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It is incorrect to claim that Elizabeth Warren is out to destroy the economy. First, it is important to note that her policies are centered on bridging the gap between the rich and the poor which has substantially and exponentially increased in the last few decades. Big corporations and the rich have lobbied for legislation that favors them especially regarding paying fewer taxes. The big corporations have also barred smaller companies from penetrating the market and they continually act in the best interest of the shareholders and profit maximization rather than the best interest of the public. A case in point the social media giant, Facebook facilitated the attack of American democracy when it was used by foreign powers to influence the outcome of the 2016 election. Breaking these companies will create a more stable and competitive environment for new and small entrants and the competition will benefit the public rather than the shareholders.
Secondly, heaping praise on the Trump administration of improving the economy is far-fetched. The current economic recovery started under the Obama administration. Obama took the realms of leadership during one of the worst economic recessions in the history of the country and after any recession the economy recovers. Thus, giving credit for causing it is factually incorrect, rather we should give him credit for not bugling it because the ground was set by the Obama administration and would have continued irrespective of who led the country. Warren’s ideas would help the economy to continue on a recovery trajectory and possibly improve the country’s GDP.
Thirdly, claiming that her economic policies are modeled after Germany’s recovery is wrong and baseless. Firstly, the American economy is resilient and it is still driven by pull and push factors. She is not trying to make the economy socialist. Actually, rather than likening her policies to Germany’s she is trying to replicate the systems that th...