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May 24, 2012
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May 23, 2012
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May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
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Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
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The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
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Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
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Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
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Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
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May 14, 2012
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Harvard Health Letters: Heart disease and dementia
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May 11, 2012
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Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
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May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
Oct. 27, 2008
/ 28 Tishrei 5769
Socialism, Obama-Style
By
Dick Morris & Eileen Mc Gann
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http://www.JewishWorldReview.com |
The perfect storm combining the vast expansion of government's role in the American economy, a looming Obama triumph and likely huge Democratic gains in Congress augur the most serious threat of the onset of socialism the United States has faced since the New Deal. But while it became obvious that FDR's goal was to save capitalism, not to replace it, it is by no means clear that Barack Obama is similarly inclined.
As alarm bells ring incessantly, demanding government action to prevent the conflagration of our most important companies and markets, the Federal Reserve and Treasury rush to extinguish the flames with hoses filled with money. But this massive and needed public-sector intrusion into private enterprise begs the key question: After the fires are put out, will the government firefighters leave, or will they move into the companies they saved and evict their former corporate owners?
The current crisis makes it clear that the government will be invited inside the management and ownership of our top financial and corporate institutions. But it is unclear whether it will ever withdraw after the crisis has passed.
Obama's stated goal of "spreading the wealth around" may indicate an inclination to embrace European-style socialist democracy. His emphasis on promoting "fairness" in income distribution and his willingness to sacrifice economic growth by raising taxes on "the rich" all seem to point in that direction. Will Obama realize that while government is needed to prevent a crash, it is hopelessly inadequate as an engine of prosperity? Bureaucrats are neither sufficiently competent nor honest nor independent enough to make key decisions about where capital should be invested, except when it is needed to extinguish the flames of crisis.
If Obama wins and takes a solidly and overwhelmingly Democratic Congress with him including a filibuster-proof Senate we will have to entrust our system of private ownership, limited government and free enterprise to the tender mercy of the left. But the newly empowered liberals will not have to breach the walls of the private sector, justifying each new intrusion by argument and logic. Rather, they will already be inside the gates, invited there to save these institutions from their own history of greed and mismanagement. Will the left simply leave government there, effectively converting our private enterprise system, where government absorbs about a third of our GDP into a social democracy, a la Europe, where the public sector accounts for almost half of the economy?
For those who would rather not find out, it is particularly important to redouble our efforts for John McCain and to battle for each Senate seat. McCain is only seven points behind not an insurmountable margin. A good final week could save the free enterprise system. We owe it to our future to try.
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.
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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© 2008, Dick Morris
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