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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 Oct. 3, 2008 / 4 Tishrei 5769

Is this Hoover/Roosevelt redux?

By Mona Charen


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http://www.JewishWorldReview.com | If scientists were able to determine, beyond doubt, that the sky were actually going to fall on Monday, Oct. 6, Congress would pass legislation containing tax breaks for lobster fisherman in Maine and glue manufacturers in Paducah. It's just what they do.


The Senate version of the financial bailout bill — an emergency measure designed (we thought) to keep the world economy from tumbling into a deep recession — has been ornamented with special favors. Glancing through this bill, you find that Puerto Rican and Virgin Islands rum makers get a tax break, as do certain commercial fisherman and others who were affected by the Exxon Valdez oil spill of 1989. Makers of wooden arrows for children's toys are remembered, along with rural schools. There's a duty suspension on wool products, and television production companies get a break on expensing rules. Mental illnesses (including substance abuse) are to receive parity with other disorders in private insurance coverage, and geothermal heat pump systems will get favorable tax treatment. An estimated 24 million middle-class households would be relieved from paying the Alternative Minimum Tax (originally aimed at millionaires). It goes on and on.


Some conservative Republicans dug their heels in on the House bailout bill — which was, gulp, relatively clean compared with this. Now a 100-page bill has become a 450-page monstrosity tarted up with special favors for this one and that one. Did they just walk through Senate offices scooping up old bills and throwing them into the word processor? Some of these provisions may be perfectly good ideas. But isn't the Senate supposed to be the world's greatest deliberative body? Isn't it supposed to hold hearings and debate these things instead of bundling them all up in a "must pass" emergency bill?


We have seen a couple of weeks go by since Hank Paulson warned us that economic disaster was imminent. He claimed that he needed czar-like powers instantly. That was clearly not the case. On the other hand, the danger is obviously real. The credit crunch has begun to bite. Gold prices are spiking as investors look for safety. Car sales are tanking. Layoffs have begun. As Congressman Paul Ryan (R-Wis.), an economist, noted when he voted for the rescue bill, "The credit spreads are going crazy. It's like nothing I've ever seen in my life."


The stakes are high.


The Democrats have nominated the most left-leaning presidential candidate in history. And they are now using this financial crisis as an opportunity to recast this election as Hoover against Roosevelt. Their narrative is simple and easy to understand (though false). Laissez-faire economics under Bush allowed capitalists to destroy the economy today just as they did during the Great Depression. The solution is to put Democrats in charge of all three branches. Republicans have responded that much of the blame for the current mess lies with Democrats who pushed for the Community Reinvestment Act, coddled Fannie Mae and Freddie Mac, and resisted vigorous oversight (by, for example, accusing anyone who questioned the subprime mortgages of racism). And by the way, Roosevelt didn't get us out of the Great Depression. World War II did.


Here's the rub: If we do plunge into a deep recession in the next few weeks, McCain will certainly lose. Even if St. George the Dragon Slayer were the Republican nominee, he could not win in the midst of steep recession that began under a Republican president.


Which brings us back to the rescue bill. Young conservative stars like Paul Ryan and Eric Cantor (R-Va.) did brilliant work transforming the original Paulson plan from a free hand for the Treasury secretary to a more free market oriented rescue of the banking system. That was not, alas, enough for two-thirds of the House Republicans who voted no. They feared retribution from constituents who believed the bailout was for rich Wall Street types and doubted their own capacity, with only a month remaining before Election Day, to persuade voters otherwise. They argued that they could not vote for socialism.


But if there is no rescue bill, and the Democrats take charge of all three branches of government in a time of economic crisis, they will have the opportunity to pass legislation that will cross the line into bona fide socialism. Once enacted, as we have seen, socialism is awfully hard to undo. That would put this country on the path to becoming like Europe. And Europe is dying.


So pass a bill.

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