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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review January 16, 2009 / 20 Teves 5769

Do we really want another New Deal?

By Rich Lowry


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http://www.JewishWorldReview.com | Barack Obama's lefty admirers are agitating for a new New Deal. We'll know that we've achieved that blessed state when the government destroys 6 million baby pigs — turning many of them into grease and fertilizer (anything but food) — to prop up the price of pork. Or when it plows under a quarter of the South's cotton and slaughters pregnant cows.


American agricultural policy remains perverse to this day, but nobody is calling for the willy-nilly destruction of American crops and livestock as a means of checking deflation and fostering economic recovery. New Deal nostalgics forget all the elements of Franklin Roosevelt's program that were frankly absurd and economically ruinous.


Should we want Obama to propose a quasi-militaristic program to empower business cartels to set prices, on the model of FDR's National Recovery Administration? Should he take his cue from FDR and prosecute businesses that discount their products, giving strapped consumers a break? Should he triple taxes, hiking excise taxes on common consumer goods and imposing an entirely new payroll tax on employment? Should he crib from FDR's speeches and demonize business and investors? Should he create government make-work jobs and pay people to clear trails in the national parks and unemployed artists to paint murals in post offices?


The New Deal has been much discussed lately as the country has plunged into its worst financial crisis since the 1930s. And an amazing event has occurred: The left has admitted that the New Deal did not in fact — as all Americans learned in their schoolbooks — end the Great Depression. For the longest time, the New Deal coasted on a glorious reputation that shielded it from its record. As Mark Twain remarked, "Once a man acquires a reputation as an early riser, he can start sleeping until noon every day."


In 1938, the unemployment rate was back to 19 percent, as the country swooned into "the depression within the depression." FDR's advocates say the problem was that, after economic gains, he pulled back too soon on his program of deficit spending. As Jim Powell, author of "FDR's Folly," points out, this concedes that FDR had failed to foster a business climate strong enough for recovery. (Have any of Obama's boosters noticed, by the way, that a program of massive deficit spending that will be quickly rolled up as soon as the economy begins to recover is exactly what Obama is proposing now?)


The worst mistake of the New Deal was keeping wages and prices artificially high, thus suppressing employment and consumer demand. UCLA economists Harold L. Cole and Lee E. Ohanian calculate that FDR's pro-labor policies kept both wages and unemployment 25 percent above what they would have been otherwise. (The old saw was the Depression wasn't so bad — if you had a job.) "Salaries and prices fall when unemployment is high," Ohanian has explained. "By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."


Most analysts agree that World War II ended the Depression. The left tries to appropriate the war for the New Deal by characterizing it as simply a public-works program writ large — as if global cataclysm, with millions killed, countries overrun by invading armies and major cities reduced to rubble, is just the thing we need to get an economy moving again. During World War II, 12 million men were conscripted into the military, food was rationed, and people couldn't buy consumer goods like cars and appliances. Suffice it to say, its utility as a model for economic recovery is quite limited.


FDR was a prodigious political talent, whose high spirits and well-chosen words inspired the public, and a man of great personal courage. He left his imprint forever on American government, for better or worse. He was an exceptional wartime leader. Much can be said in his favor — except he didn't end the Great Depression. Barack Obama, take note.

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© 2009 King Features Syndicate

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