Passage Seventeen
President Arling has put his long awaited economic restructuring program before the Congress. It provides a coordinated program of investment credits, research grants, education reforms, and tax changes designed to make American industry more competitive. This is necessary to reverse the economic slide into unemployment, lack of growth, and trade deficits that have plagued the economy for the past six years.
The most liberal wing of the President s party has called for stronger and more direct action. They want an incomes policy to check inflation while federal financing helps rebuild industry behind a wall of protective tariffs.
The Republicans, however, decry even the modest, graduated tax increases in the President s program. They want tax cuts and more open market. They say if federal money has to be injected into the economy, let it through defence spending.
Both these alternatives ignore the unique nature of the economic problem before us. It is not simply a matter of markets or financing. The new technology allows vastly increased production for those able to master it. But it also threatens those who fail to adopt it with permanent second-class citizenship in the world economy. If an industry cannot lever itself up to the leading stage of technological advances, then it will not be able to compete effectively. If it cannot do this, no amount of government protectionism or access to foreign markets can keep it profitable for long. Without the profits and experience of technological excellence to reinvest, that industry can only fall still further behind its foreign competitors.
So the crux is the technology and that is where the President s program focused. The danger is not that a plan will not be passed, it is that the ideologues of right and left will distort the bill with amendments that will blur its focus on technology. The economic restructuring plan should be passed intact. If we fail to restructure our economy now, we may not get a second chance.
1. The focus of the President s program is on
investment.
economy.
technology.
tax.
2. What is the requirement of the most liberal wing of the Democratic-party?
They want a more direct action.
They want an incomes policy to check inflation.
They want to rebuild industry.
They want a wall of protective tariffs.
3. What is the editor s attitude?
support.
distaste.
Disapproval.
Compromise.
4. The danger to the plan lies in
the two parties objection.
different idea of the two parties about the plan.
its passage.
distortion.
5. The passage is
a review.
a preface.
a advertisement.
an editorial.
Overcoming idioms as stumbling block
拜金女的“功能型爱情”
Smoke and mirrors?
雾霾和吸烟,该担心哪个?
Fair game
Spanner in the works?
Keep his power dry?
Silver bullets?
过海关遇到的英语问题如何回答
An endless balancing act
Bad karma?
用英语聊聊创业
Shifting sands of democracy?
Bad taste?
Finest hour?
Train of thought
常坐飞机的人需要学的口语
少喝点酒吧,同桌的你
Social safety net?
Road map to get back to profitability?
Ebbs and flows
Loan shark rate?
Tooth and nail?
More Pinocchios?
一个爆红的关于希望的网站
Reading the riot act?
Give him the glad hand?
In the cards?
Push the envelope
Follow the money?
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