May 24, 2013
May 22, 2013
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?
Genetic copies of living people from embryos no longer science fiction
Jewz in the Newz by Nate Bloom :
The Kosher Gourmet by Cathy Pollak:
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
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
Obama administration quietly backs out of appeal over new contraceptive mandate
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
Artificial kidney offers hope to patients tethered to a dialysis machine
April 29, 2013
Poland's new Jewish museum celebrates life, doesn't revisit Holocaust
Terrorism in America: Is US missing a chance to learn from failed plots?
Boston Bomber's 'Svengali' Revealed
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
Nov. 27, 2008
/ 29 Mar-Cheshvan 5769
The teflon president-elect
"How long do you think it will take for the press to turn on Obama?" a friend asked.
"Eight years, if he's in that long," I told him. "Doesn't matter what happens. Either they'll blame Bush or 'circumstances beyond Obama's control' while writing articles about how heroically Obama handles them." It's already started.
Take President-elect Barack Obama's campaign narrative: a) Bush/McCain deregulation created our problems; b) the policies of President Clinton brought success and shared prosperity, c) President Bush's tax cuts unfairly enriched the rich, d) Obama intends to end posthaste the Iraq war, which "never should have been authorized and never should have been waged," and e) through Gitmo/unlawful wiretaps/illegal interrogation procedures, Bush "shredded" the Constitution.
|FREE SUBSCRIPTION TO INFLUENTIAL NEWSLETTER|
Every weekday NewsAndOpinion.com publishes what many in the media and Washington consider "must-reading". HUNDREDS of columnists and cartoonists regularly appear. Sign up for the daily update. It's free. Just click here.
Ever heard of the Glass-Steagall Act? President Franklin Delano Roosevelt, whose New Deal policies Obama wants to mirror, signed it into law to prevent commercial banks from engaging in investment banking. Investment banking, the kind of work done by Wall Street titans such as Lehman Brothers and Bear Stearns, raises money to package and sell securities such as the now-discredited "toxic" mortgage and mortgage-backed derivatives. Clinton, with the backing of many Republicans, allowed the banking/investment wall to fall by signing the 1999 Gramm-Leach-Bliley Act, repealing a large part of the Glass-Steagall Act of 1933. This led to the business model of the now-troubled and recently bailed-out Citigroup, a model impossible but for the repeal of Glass-Steagall.
The Clinton administration, during its waning days, published a paper called "The Clinton Presidency: Historic Economic Growth." It listed among its achievements "Modernizing for the New Economy through Technology and Consensus Deregulation."
Clinton denies correctly that his deregulation policies caused the current financial meltdown. "I don't see that signing that bill had anything to do with the current crisis," he said. "Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn't signed that bill." Blaming deregulation on the financial crisis ignores a whole chain of events, most notably the decline in housing values. But that didn't stop candidate Obama from screaming "deregulation," even though Clinton deregulated the financial sector more than did Bush.
Candidate Obama maligned the Bush tax cuts for benefiting the rich. But President-elect Obama now intends to retain all the tax cuts, keeping the lower rates on the "rich" until they expire in 2011 a far cry from his campaign promises.
What about Bush's "stupid" Iraq war?
Obama now wants Bush's secretary of defense, Robert Gates, to stay. Huh? Gates supported the successful surge and the change in counterinsurgent strategy. Sen. Obama opposed the surge, attempted to stop it, and predicted failure. Candidate Obama promised to have combat troops out within a year or 16 months of his administration, but President Bush and the Iraqi government now tentatively agree to have all troops out by 2011, a timetable unfathomable but for Bush's courageous and ultimately successful decision to surge.
What about the Guantanamo Bay detainees, the "evil" interrogation techniques and "unlawful" wiretaps?
Obama actually faced with governing seems now to understand the complex legal questions Bush grappled with. Gitmo contains some really, really bad people, and Obama's security advisers now appreciate the complex legal and logistical problems. Where to move the detainees? Moving them onto American soil creates a possible target for terror attacks. And what legal rights and procedures apply in moving the detainees to America? As for the Bush surveillance program which allegedly "shredded" the Constitution Team Obama signals an intention to retain many, if not most, of these "dreaded" policies.
Eric Holder, Obama's choice for attorney general, served as deputy attorney general in the Clinton administration. He agreed with Bush on a very important policy one opposed by liberal icons like Al Gore. Holder, in a 2002 interview, agreed that terrorists must be interrogated so we can learn information on their cells or future plans, and that the Geneva Conventions limited the amount of information interrogators could get. Clearly they were not prisoners of war, said Holder, and were, therefore, not covered by the protections of the Geneva Conventions. However, argued Holder, if we want our own prisoners treated well, we should treat the detainees very humanely and in a manner consistent with the Geneva Conventions a position that Bush ultimately came to.
So where does this leave us?
Bush wasn't so evil after all. And running for and governing as president are two different things. But don't expect the Obama-loving media to notice … or care.
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 Larry Elder is the author of, most recently, "Stupid Black Men: How to Play the Race Card--and Lose."
(Proceeds from sales help fund JWR)
Let him know what you think of his column by clicking here.
Larry Elder Archives
© 2006, Creators Syndicate
Richard Z. Chesnoff
Frank J. Gaffney
Victor Davis Hanson
A. Barton Hinkle
Judge A. Napolitano
Cokie & Steve Roberts
Debra J. Saunders
J. D. Crowe
Ask Doctor K