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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 Feb. 8, 2010 / 24 Shevat 5770

Like Toyota, Obama's Accelerator Pedal Is Stuck

By Dick Morris & Eileen Mc Gann




http://www.JewishWorldReview.com | As he professes to want to reduce the dangerous budget deficit, Obama brings to mind the hapless engineers at Toyota who find that their vehicles accelerate whether or not the driver wants them to.

It appears that no matter how hard Obama jams on the brakes with his new-found commitment to deficit reduction — having already almost doubled the deficit in one year — the level of red ink just seems inexorably to rise. Obviously, more fundamental change in the budget's engineering is needed. But, unfortunately, it is easier to recall a car than a president.

Obama's announced intention to freeze 13 percent of the budget spending for three years is a relatively minor cut. It will reduce the deficit by only 3 percent over the decade. If Obama really wants to get serious about reducing the deficit, he could do so easily.

Obama's announced intention to freeze 13 percent of the budget spending for three years is a relatively minor cut. It will reduce the deficit by only 3 percent over the decade. If Obama really wants to get serious about reducing the deficit, he could do so easily.

All he has to do to bring the deficit under control is to stop the remaining $500 billion of his $800 billion stimulus package from being spent and to refund back to the U.S. Treasury the $500 billion in TARP funds the banks have repaid.

Instead, he is merrily proceeding to build pork barrel projects all over America using stimulus funding despite its demonstrated inability to curb the recession.

Only $300 billion of the stimulus has been spent. He could easily call back the remaining $500 billion before its expenditure creates a deficit so big that America's economy may not be able to find its way out. But he won't do so. His commitment to expansion of government spending reminds one of nothing so much as an alcoholic's desire for a drink right before going on the wagon or a dieter's attachment to one last banana split before starting a diet.

And, when the money George W. Bush laid out in TARP funding is repaid by the banks that borrowed it, Obama is intent on using these funds to pay for his stimulus 2 package, earmarking $100 billion for state and local aid, $30 billion to small businesses for job creation and $30 billion for consumer credit.

He is, literally, intercepting the money the banks are repaying before it lands in the Treasury and sending it out the door again — this time as spending that will never be recouped instead of the short-term lending for which the money was initially appropriated.

Letter from JWR publisher


Obama has only to get out of the way and let the banks repay the Treasury to bring the deficit down by a further $500 billion.

When will Obama learn that deficit spending is not the way to stimulate the economy? When will he realize that by adding to the deficit, he is stopping business from borrowing to create jobs and blocking consumers from getting the capital they need to make purchases?

With Treasury debt up 41 percent over the past year and commercial and consumer lending down by more than 20 percent, doesn't Obama get the point that by hogging the loan window, he is blocking, not catalyzing, job creation.

Yet despite the evidence that stimulus 1 did little to cure the recession, he proceeds with stimulus 2. Like the Medieval doctors who bled a patient to expel the evil spirits that they believed were causing his illness, he drains the economy of the capital it needs to grow. And, when the patient got sicker as the blood flowed out, the doctors decided they had not bled enough and resumed opening his veins. Likewise, Obama has figured that he has not diverted enough capital to the public sector and is about to reopen the spigot.

And, in a novel way to encourage economic growth and new spending, he has announced drastic tax increases on the horizon for next year. What an incentive to potential consumers to know that next year, they will have to pay taxes that are about one-eighth higher than those they pay this year (from 35 percent to 39.6 percent)! And what an inducement to investment to know that when you go to sell your real estate or stocks, you will be socked with a capital gains tax 33 percent higher than at present (15 percent to 20 percent)!

With incentives like these, no wonder the unemployment rate seems stuck at its current high level.

Recall Obama!

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JWR contributor Dick Morris is author, most recently, of "Catastrophet". (Click Catastrophe HERE to purchase. Sales help fund JWR.) Comment by clicking here.



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