
 |
|
May 22, 2013
John Thorne:
They launched the 'Arab Spring' but now yearn for the good old days of a strongman
May 20, 2013
Richard A. Serrano: Is Meir Kahane's assassin now a changed man?
Melissa Healy: Genetic copies of living people from embryos no longer science fiction
Jewz in the Newz by Nate Bloom : Jews Inducted into Rock Hall of Fame; Anton Yelchin co-stars in New "Trek" film; Kutcher (but not Kunis) visits Israel; Jewish TV Star Praises Jewish Rap Star
The Kosher Gourmet by Cathy Pollak: WARNING: This WALNUT CAKE WITH PRALINE FROSTING, perfect for afternoon coffee, is addicting
May 13, 2013
Rabbi Nathan Lopes Cardozo: Why the giving of the document that would permanently change the world could only be done in desolation
David G. Savage: Church-state, literally? Supreme Court weighing public school graduation in a church
May 10, 2013
Rabbi Berel Wein: Be all that you should be
May 8, 2013
Peter Ford: Why China is welcoming both Israel's Netanyahu and Palestinians' Abbas
Warren Richey: Obama administration quietly backs out of appeal over new contraceptive mandate
Fred Weir: At Kerry-Putin meeting, US-Russia relations thaw --- a tad
The Kosher Gourmet by Leela Cyd Ross : Almost too pretty to eat, this colorful salad with Sicilian inspiration will tickle the taste buds and delight your visual sensibility
May 6, 2013
May 3, 2013
Kids, kittens the Same? With employee perks at struggling Internet pioneer Yahoo! it's hard to tell
Sandy Kleffman: Artificial kidney offers hope to patients tethered to a dialysis machine
April 29, 2013
Roy Gutman: Poland's new Jewish museum celebrates life, doesn't revisit Holocaust
Mark Clayton: Terrorism in America: Is US missing a chance to learn from failed plots?
Kim Murphy: Boston Bomber's 'Svengali' Revealed
Pete Spotts: Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA
April 26, 2013
Clifford D. May: Defense in the Age of Jihadist Terrorism
Sharon Palmer, R.D.: How to feel your best -- with plenty of energy, a healthy weight and optimal mental and physical function -- without driving yourself batty
April 24, 2013
|
| |
Jewish World Review
Oct. 16, 2008 / 17 Tishrei 5769
Is this the end of conservatism?
By
Mona Charen
| 
|
|
|
|
http://www.JewishWorldReview.com |
All of a sudden, this election is shaping up as a verdict on capitalism. The Obama campaign wanted it to be about George W. Bush. The McCain campaign wanted it to be about character. But instead, because the markets are shooting off in all directions like bullets from a dropped pistol, the stakes have suddenly been raised dramatically.
We are in the midst of the worst panic in history, it's true (because it is global). But as historian John Steele Gordon helpfully pointed on in the Wall Street Journal, panics are not unusual in American history. We've experienced them almost every 20 years since 1819. Gordon blames Thomas Jefferson, which is intriguing, but the point is that we've always emerged from these periodic paroxysms intact and our economy has continued to grow. Gordon believes more sensible banking policy would prevent future panics. But if we elect a crypto-socialist like Barack Obama and give him a bigger Democrat majority in the House and a filibuster-proof Senate, banking regulation may be the least of our troubles.
Well, you may say, "Win some, lose some. McCain isn't all that great anyway. Conservatives and Republicans will simply have to examine their consciences and come up with a winning strategy for next time." Perhaps. But there are a few problems with that sanguine approach.
In the first place, the Democrats can, with a super-majority, change the rules of the game. They can make the District of Columbia the 51st state with two new senators (guaranteed to be Democrats in perpetuity). They can reinstitute the so-called Fairness Doctrine that required radio stations to provide equal time to all political viewpoints. While the doctrine was enforced by the Federal Communications Commission, radio stations shied away from politics altogether. With the demise of the doctrine, conservative talk radio flourished. Liberal talk radio has never found much of an audience. Reviving the doctrine would kill one of the principal irritants to liberals and Democrats to say nothing of disemboweling the First Amendment.
To elect a super-majority of Democrats at a time of economic dislocation is to flirt with depression. Nearly all economists agree that two moves by the Hoover administration deepened and prolonged the panic of 1929 and turned it into the Great Depression. One was raising taxes and the other was imposing protectionist trade policies. Senator Obama proposes to do both of those things. Obama's smooth reassurance that only the top 5 percent of earners in America will see their taxes rise is a) almost certainly false, and b) besides the point. If the most productive members of society those who create the majority of jobs are taxed we will have fewer jobs. It's the old rule that if you tax something you get less of it. While Obama is killing jobs by taxing the productive, he proposes to "renegotiate" NAFTA and other trade deals thus putting the one bright corner of our economy, the export sector, in his crosshairs.
Obama has a million schemes to redistribute the wealth of the top 5 percent, (who by the way, already pay more than 50 percent of the taxes in our steeply progressive system). He wants to provide college for "anyone who wants to go and agrees to perform community service," and community development block grants, and childcare, and universal pre-school, and housing, and retirement and on and on. He seems determined that more people will ride in the wagon than pull it.
"Well," you may say, "if the Democrats drive the country into a deep recession, so much the worse for them. The Republicans will come back strong even with two senators from DC!" Perhaps. But in hard times people tend to ask for more government, not less, and this tumble started while George W. Bush was in the White House. Franklin Roosevelt continued to invoke the boogey man of Herbert Hoover long after the Depression was his own. In fact, Democrats used Hoover successfully for 40 more years!
Finally, there is a one-way ratchet in public policy. Liberal reforms are never undone. How hard have conservatives tried to eliminate the Department of Education or subsidies to public television? Would they have more success uncreating a new nationalized health care system?
An Obama/Pelosi/Reid regime if it were to get a filibuster-proof majority will certainly be able to shift the country's direction sharply to the left. The only question is would the shift be permanent?
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.
Comment on JWR contributor Mona Charen's column by clicking here.
Mona Charen Archives
© 2006, Creators Syndicate
|
|

Arnold Ahlert
Mitch Albom
Jay Ambrose
Michael Barone
Barrywood
Lori Borgman
Stratfor Briefing
Mona Charen
Linda Chavez
Richard Z. Chesnoff
Ann Coulter
Greg Crosby
Larry Elder
Suzanne Fields
Christine Flowers
Frank J. Gaffney
Bernie Goldberg
Jonah Goldberg
Julia Gorin
Jonathan Gurwitz
Paul Greenberg
Argus Hamilton
Victor Davis Hanson
Betsy Hart
Ron Hart
Nat Hentoff
A. Barton Hinkle
Jeff Jacoby
Paul Johnson
Jack Kelly
Ch. Krauthammer
David Limbaugh
Kathryn Lopez
Rich Lowry
Michelle Malkin
Jackie Mason
Ann McFeatters
Dale McFeatters
Dana Milbank
Jeanne Moos
Dick Morris
Jim Mullen
Deroy Murdock
Judge A. Napolitano
Bill O'Reilly
Clarence Page
Kathleen Parker
Star Parker
Dennis Prager
Wesley Pruden
Tom Purcell
Sharon Randall
Robert Robb
Cokie & Steve Roberts
Heather Robinson
Debra J. Saunders
Martin Schram
Greg Schwem
Culture Shlock
David Shribman
Roger Simon
Lenore Skenazy
Michael Smerconish
Thomas Sowell
Ben Stein
Mark Steyn
John Stossel
Cal Thomas
Dan Thomasson
Bob Tyrrell
Diana West
Dave Weinbaum
George Will
Walter Williams
Byron York
ZeitGeist
Mort Zuckerman

Robert Arial
Chuck Asay
Baloo
Lisa Benson
Chip Bok
Dry Bones
John Branch
John Cole
J. D. Crowe
Matt Davies
John Deering
Brian Duffy
Everything's Relative
Mallard Fillmore
Glenn Foden
Jake Fuller
Bob Gorrel
Walt Handelsman
Joe Heller
David Hitch
Jerry Holbert
David Horsey
Lee Judge
Steve Kelley
Jeff Koterba
Dick Locher
Chan Lowe
Jimmy Margulies
Jack Ohman
Michael Ramirez
Rob Rogers
Drew Sheneman
Kevin Siers
Jeff Stahler
Scott Stantis
Danna Summers
Gary Varvel
Kirk Walters
Dan Wasserman

Tech Q&A
Mr. Know-It-All
Ask Doctor K
Richard Lederer
Frugal Living
On Nutrition
Bookmark These
Bruce Williams
|