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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

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. 16, 2008 / 17 Tishrei 5769

A chameleon on plaid

By Bob Tyrrell


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http://www.JewishWorldReview.com | How is it that Republican presidential candidate Sen. John McCain has been damaged badly by this financial crisis while the Democratic presidential candidate, Sen. Barack Obama, is presenting himself successfully as a financial genius capable of working Christ's miracle of the loaves and fishes on our economy?


The financial markets froze up because the Democrats prevailed on mortgage lenders — mainly Freddie Mac and Fannie Mac — to relax standards against thitherto unqualified property buyers. They did it out of an ideological commitment to their thesis that poor people living in private homes would be better citizens. It was a noble vision. Yet it was economically untenable. A huge real estate bubble resulted, and now that the bubble has burst, the entire economy is imperiled.


Curiously, the Democrats have not suffered the consequences of their "deregulation" of the mortgage market. Instead, they have hung the "deregulation" canard on McCain. As the record makes clear, it is McCain who signed on to a letter with 19 other Republican senators in 2006 calling for the tightening up of Fannie's and Freddie's loans. Even before that, in the summer of 2005, Republican Sen. Richard Shelby fashioned a bill in the Senate Banking Committee to impose stricter regulations on Fannie and Freddie, only to see it blocked from getting to the Senate floor by a party-line vote, which kept it in committee. The Republicans favored this regulation tightening. The Democrats opposed it.


In an early example of his slipperiness, Sen. Obama stood with his fellow Democrats in opposing the bill. Then he went on record opposing his own vote by writing the secretary of the Treasury that subprime mortgages are dangerous. As has been said of other evasive politicians, Obama is a chameleon on plaid. Apparently, a chameleon on plaid can escape having the media hold him accountable even as he boldly opposes stricter regulations on subprime loans while writing the Treasury to oppose such loans. Yet how is it that the media have given the entire Democratic Party a pass on its advocacy of subprime loans?


As this election grinds on, I am reminded frequently that voters are not getting the whole story, that coverage is amazingly slanted toward an inexperienced Obama, who incidentally comes from a very dubious background. I have been especially aware of that since Sept. 26. That was when The American Spectator online reported that Sen. Obama's longtime political supporter and present national finance chairwoman gutted a Chicagoland bank by recklessly extending the kind of dubious loans that have caused today's financial crisis.


Penny Pritzker, from her position on the board of the holding company controlling Superior Bank, approved of risky loan practices that eventually cost depositors hundreds of millions of dollars. Superior had been unable to make money with traditional safe loans, so Pritzker encouraged the bank to enter the subprime market. Then she defied regulators who told her the bank's practices were reckless. After the bank failed in 2001 and government investigators examined the corpus delicti, the wealthy Pritzker family ended up paying $460 million in penalties over a 15-year period.


Nonetheless, when it came to selecting his finance chair, candidate Obama chose Penny Pritzker. Now, with not a peep of recognition from the media, he abominates Wall Street for practices she pioneered. He claims Republican aversion to regulation led to this financial crisis. Yet the record is clear. In the financial sector, it is the Republicans who favored regulation and the Democrats who thwarted it. If the media remain mum on all this, these same Democrats will control two branches of the federal government soon. Maybe they will make Penny Pritzker secretary of the Treasury.

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 Bob Tyrrell is editor in chief of The American Spectator. Comment by clicking here.

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