Perhaps the sea should be Economic Recovery, and the ship is the USA, or the Liberty, and its sails are Private Sector Hiring and Lower Taxes. But the cartoon is missing the dangerous reef of Double-Dip Recession, and it desperately needs an oil metaphor to bang its point home.
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Please remember that the purpose of Editorial Explanations is to explain and to expand knowledge, rather than to engage in any partisan bickering. All cartoonists are completely correct, in their own worlds.