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December 2, 2014

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 March 19, 2009 / 23 Adar 5769

Dr. Obama: First, do no harm

By Victor Davis Hanson


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http://www.JewishWorldReview.com | When it comes to our complex economy, President Barack Obama would do well to heed the physician's ancient commandment to first "do no harm."


Instead, Obama's administration has been prescribing all sorts of multibillion-dollar borrowing remedies without any consistent diagnosis of what is exactly wrong with the weak economy or even how bad things actually are.


Since becoming president, Obama has offered numerous bleak economic prognoses. He has told Americans: "The situation we face could not be more serious. We have inherited an economic crisis as deep and as dire as any since the Great Depression." He has also warned, "Recovery will likely be measured in years, not weeks or months" and "If nothing is done, this recession could linger for years."


But suddenly last week, physician Obama flipped and issued an entirely new prognosis: "I don't think things are ever as good as they say, or ever as bad as they say." He added. "(Things) are not as bad as we think they are now."


What happened to living through hard times akin to the Great Depression?


Maybe it was the unexpected news that Citibank and Bank of America are starting to show a profit — thanks to the past bailouts of 2008 and new profitable loans. Maybe it was General Motors' recent decision not to (for now) ask for more federal cash. Maybe it was the reports that consumer spending is not down as much as feared.


Or did Obama's change in rhetoric reflect a sort of premeditated strategy: talk down the economy to scare everyone into supporting more government spending and borrowing; then, once the stimulus bill has passed, talk up the economy to reassure us that it will work?


Or, as seems more likely, does the new government simply not know what is going on — much less what to do about it?


It can't seem to fill slots at the Treasury Department, and strangely talks about fiscal responsibility and the evils of pork-barrel spending while expanding upon the Bush budget deficit and approving more than 8,000 earmarks.


Obama — and Congress — should take a deep breath before further expanding the budget with ever-more stimulus spending, borrowing and aggregate debt that will plague our children, who will have to pay back the trillions long after this present recession ends.


It's time to let natural market forces work us through the current downturn. The reason why the stock market inched up a bit, and companies reported something other than the usual losses, is that we may already be in a stimulatory climate. When George Bush left office, his last budget projected a $500 billion shortfall — quite a lot of borrowing to spend on ourselves.


Billions of dollars are also stimulating the economy through reduced energy costs. Once the price of oil fell from a high of $147 a barrel last July to between $40 and $50 a barrel at present, American families began saving hundreds of dollars in reduced gasoline and home-energy costs. Savings in energy also reverberate throughout the economy and make everything from food to building materials cheaper. That, too, has been a sizable stimulus.


This month, the indebted U.S. government paid its creditors less than half a percentage point in interest on six-month Treasury notes, which is below the rate of inflation. In other words, we are financing much of our new spending spree with near-free use of someone else's money.


Billions of cheap dollars on loans entering the U.S. eventually translate into lower mortgages and car loans; at present, banks are paying little money in interest to cash depositors while collecting 4 to 6 percent in mortgage interest from borrowers. With a spread like that, no wonder banks are starting to show a profit again.


Finally, millions of cash-strapped families freed themselves from debt by walking away from mortgage and credit-card loans, and are restarting with less financial burdens. And even most of those who lost home equity and saw the crash of their retirement portfolios are still working. Most from this latter group are still earning income, not cashing in their fallen 401(k)s, and not selling their homes at a loss.


It is clear from the last two months that no one in this herky-jerky administration quite knows what is going on in the economy, which has its own self-correcting mechanisms that were already in play without vast new federal spending and borrowing.


So before we give more toxic-debt medicine to the recovering patient, let us take a timeout from the massive borrowing, let nature do its work — and at least do no more harm to generations not yet born.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Victor Davis Hanson, a classicist and military historian, is a senior fellow at the Hoover Institution and a recipient of the 2007 National Humanities Medal. Comment by clicking here.


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