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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 March 16, 2011 / 10 Adar II, 5771

Consumer Confidence Crashes

By Dick Morris And Eileen McGann




http://www.JewishWorldReview.com | The combination of high oil and gasoline prices, rising food costs, higher health insurance premiums and the likelihood of future inflation has jarred consumer confidence, creating a major crisis for the Obama administration.

The collapse has been sudden and dramatic.

In December, the consumer confidence scale in the Rasmussen Poll stood at 81.7 percent. But in January, euphoria set in. President Obama compromised on the George W. Bush tax cuts, the nation seemed to be coming together after the Gabrielle Giffords shooting, and a Republican House sat poised to stop any new spending or social experimentation. On Jan. 11, the Rasmussen confidence index rose to 88.3.

Then reality dawned. Unemployment remained persistently high, economic growth was largely stagnant, and partisan bickering resumed. The confidence level on Feb. 11 dropped to 84.5.

Then, the bottom fell out. The daily Rasmussen polling reflected a drop day after day until, by March 11, the index had fallen to 73.1, its lowest level since it registered a 69 in July of 2009, in the depths of the recession.

The false dawn of January has faded, and the hard, cold reality of a likely second recession is setting in. But this recession is accompanied by the likelihood of inflation, a stagflation syndrome that will probably grip America for years. And which will likely take a manmade recession, on the order of 1979-82, to counter it.

Will Obama get re-elected? No way! In the teeth of the economic catastrophe that is shaping up, his chances are doomed.

The tsunami in Japan, perhaps the greatest tragedy since 9-11, will further impede any prospect for economic growth. There will be a demand for spending to repair the devastation of the quake. But Japan is tied with China as the world's second largest economy, generating12 percent of the global gross domestic product. With Japan neither producing nor buying for the foreseeable future, the drag on the global economy will be profound.

Worse, the Fed and the administration are out of tools to help. Interest rates are already at zero. Fiscal stimulus — the deficit — already consumes 40 percent of our total government outlays. The Fed is printing money at a ferocious rate under its qualitative easing (QE-2) program. What is left to do?

Only dramatic cuts in the federal deficit, a rollback of regulations that cripple small and community banks, a cancellation of future tax increase plans, a big reduction in federal spending, repeal of Obamacare, freeing manufacturing from the prospect of carbon taxation and unleashing our domestic energy potential can solve our problems. But Obama is not about to undo his legacy of disaster for the American people.

And then there is the longer-term oil and gasoline crisis. Instability in the Middle East is going to mount, not recede. The chances of disruption in Saudi oil supplies and the possibility of an overthrow of the regime (triggered by the best efforts of Iran) will continue to force prices upward. The drag on the economy and the rising consumer discontent in the United States spell further problems for the Obama presidency.

As the Rev. Jeremiah Wright said — outrageously and wrongly — about 9-11, "The chickens are coming home to roost." The policies of this administration — the disastrous overspending, the irresponsible borrowing, the social experimentation — all are magnifying and amplifying the impact of the recession. Relief is not going to come anytime soon.

Instead, the true legacy of the Obama years is likely to be stagflation and an entire decade wiped out by his policies, budget and program. Long after he is gone in 2013, we will still be repairing the damage of his terrible decisions.

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