In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

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 15, 2009 / 19 Teves 5769

Attach anti-socialism rider to bailout funds

By Dick Morris & Eileen Mc Gann

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http://www.JewishWorldReview.com | With both George Bush and Barack Obama pressing the new Congress to appropriate the remaining $350 billion in authorized bailout funds, the Congress has a historic opportunity to demonstrate its preference for the free enterprise system over socialism. Congress should give Obama these funds, weapons in the war against the depression, but ought to attach an amendment prohibiting the federal government from using the leverage the funds give it — and any equity it may acquire in these companies as a result of these funds — to influence corporate lending, hiring, management or other practices.

The federal fire department has come to the rescue of these burning companies in the midst of their economic conflagration. The question now is whether the fire fighters will go home. Or will they stay on to live in the house they have just saved from the flames, even evicting the homeowners? Will the feds now say, in effect, "We saved you, now we own you?"

The crucial difference between the approach favored by House Republicans and former Speaker Newt Gingrich and the bailout that was passed in October of last year was that the Republicans contemplated using insurance and loans, not outright grants, to shore up endangered companies. One key reason for their resistance to giving away grants was the realization that the Democrats would demand that the "taxpayers get something back" for all the capital they were giving banks. Inevitably, they realized, federal aid would come with a demand for government-owned stock in the companies receiving the assistance.

Now that the feds have become stockholders in our major banks and insurance companies, the question is: What will they do with this power?

Hanging in the balance will be whether the United States continues to follow free-market economics or chooses to emulate the no-growth, government-dominated economies that prevail in Western Europe. Will we cash in our capitalist system for a socialist democracy?

It is easy to see how socialism could start. Federal regulators might demand, with some justice, that banks limit their compensation and bonus packages to senior executives, just as they have already made manifest their displeasure at AIG's party loving, frat-jock ways. From there, the feds could go to imposing affirmative action goals on hiring and promotion, government guidance on lending decisions, proscriptions on redlining and the like.

It is great that Citibank has agreed to work in bankruptcy courts with defaulting lenders to restructure and reduce loan payments and even to cut interest rates or forgive principal. But it is dangerous that Citi's enlightenment came not from inner virtue but from pressure by its federal government benefactors.

Even if we do not evolve into a European-style government with permanent ownership positions in key banks and insurance companies and a public sector that is not shy about issuing orders, we could go the way of Japan very easily. Tokyo needs no such formal power, a word to the wise whispered into a banker's ear by a MITI bureaucrat can achieve sudden changes in bank policy.

The result of this public power over private companies has been a kind of crony capitalism that has brought economic growth to a standstill in Japan, as it has in Europe. Too often the public regulators guess wrong, as when Japan told its industry to focus on mainframe computers rather than laptops.

And there is always a Rod Blagojevich somewhere, scheming to get rich by demanding kickbacks from publicly subsidized banks and insurance companies. Political cronyism and corruption seep into private business decisions when the door is opened by taxpayer subsidies and government stock holdings.

The solution is clear. President-elect Obama wants the $350 billion to be at his beck and call when he takes office. He's right to want it. But Congress should attach an amendment limiting the role the federal government can play in the ownership, management, policies and operations of the companies to which it pays this bailout money. We want bailouts, not a government takeover in disguise. s

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JWR contributor Dick Morris is author, most recently, of "Fleeced: How Barack Obama and Hillary Clinton, Media Mockery of Terrorist Threats, Liberals Who Want to Kill Talk Radio, the Do-Nothing Congress, Companies ... Are Scamming Us ... and What to Do About It". (Click HERE to purchase. Sales help fund JWR.) Comment by clicking here.

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