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Dec. 2, 2008
Melanie Phillips: The Mumbai atrocity is a wake-up call for a frighteningly unprepared world
Stratfor Geopolitical Intelligence Report: Strategic Motivations for the Mumbai Attack
Dec. 1, 2008
Max Freidlander, as told to Jacklyn C. Wadler: India Inkings
Mark Steyn: Whodunit!?
Nov. 28, 2008
Rabbi Ahron Rapps: An evil seed that didn't have to be
Melanie Phillips: Carpe diem --- or can we all relax now?
Nov. 26, 2008
Michael Feldberg: Meet the Orthodox Jew who laid groundwork for scientific development of ordnance that undergirds America's current world leadership
Andrea Simantov:
Shades of life
Nov. 25, 2008
The Jewish Ethicist
by Rabbi Dr. Asher Meir : Getting Emotional For Influence
The Kosher Gourmet
by Ethel G. Hofman : Thanksiving feast!
Nov. 24, 2008
Rabbi S. Binyomin Ginsberg: 'I just Became a grandchild!'
Barry Rubin: Don't flatter your enemies, protect your friends
Nov. 21, 2008
Rabbi A. Henach Leibowitz: Money matters?
Caroline B. Glick:
Civilization walks the plank
Nov. 20, 2008
Rabbi Avi Shafran: Bronfman's blindness
The Kosher Gourmet
By Linda Gassenheimer: Portobellos add a hearty flavor to pasta with pesto
Nov, 19, 2008
The Jewish Ethicist
by Rabbi Dr. Asher Meir : Spread the wealth? Jewish tradition and income equality
Elliot B. Gertel:
'Mad Men': Tackling prejudices or reinforcing them?
Nov, 18, 2008
Dr. Debby Schwarz Hirschhorn: The End of the Age of Reason
Jonathan Tobin: Does Barack + Bibi = Disaster?
Nov, 17, 2008
Rabbi Yonason Goldson: The End of the Age of Reason
Diana West: Gulling Americans into making terror legit?
Nov, 14, 2008
Rabbi A. Henach Leibowitz: The Power of Spiritual Inertia
Caroline B. Glick: The perils ahead
Nov, 13, 2008
Stratfor Intelligence Briefing: How Bush and Obama together could change the Middle East dynamic
The Kosher Gourmet
by JeanMarie Brownson: Sweet and savory, crispy and meltingly tender bestilla
Nov, 12, 2008
The Jewish Ethicist
by Rabbi Dr. Asher Meir : Tyrannical Co-Workers
Michael Doyle: High Court to consider today donated monuments that may have religious messages in public parks
Nov, 11, 2008
Frank J. Gaffney, Jr.: Will Obama stop government officials considering institutionalizing financial jihad?
Jonathan Tobin: They Will Decide Their Own Fate
Nov, 10, 2008
Rabbi Avi Shafran: $8 billion, modern-day Tower of Babel being built?
Barry Rubin: A letter to the president-elect from a Middle East realist
Nov, 7, 2008
Rabbi Francis Nataf: Of Children and Immortality
Caroline B. Glick: Livni's Obama strategy
Nov, 6, 2008
Rabbi Yonason Goldson: How I tricked a classroom of apathetic students into grasping the fallacy of moral relativism
The Kosher Gourmet
By Gina Kim: Tips for making the perfect soup --- includes recipes
Nov, 5, 2008
The Jewish Ethicist
By Rabbi Dr. Asher Meir: Destitute Debtors
Bruce Weinstein: 'Religulos': Bad title,even worse movie
Nov, 4, 2008
Frank J. Gaffney, Jr.: Treasury Dept. submits to Shariah law
Frida Ghitis: A surprise for Obama in the Middle East
Nov, 3, 2008
Jonathan Rosenblum: Who says Jews are Smart?
Jonathan Tobin:
Was He Wrong About Everything?
March 22, 2007
J-Rhythms with Avraham Rosenblum: JWR's cutting-edge music program showcasing performers -- singers, song writers, musicians, and bands -- who learn and live the Torah lifestyle (OUR NEWEST IGODCAST !)
Oct. 29, 2003
Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)
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Jewish World Review
August 24, 2008
23 Menachem-Av 5768
Little Rhetoric Riding Hood
By
George Will
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http://www.JewishWorldReview.com |
Barack Obama has made his economic thinking excruciatingly clear, so it also is clear that his running mate should be Rumpelstiltskin. He spun straw into gold, a skill an Obama administration will need to fulfill its fairy-tale promises.
Obama recently said that he would "require that 10 percent of our energy comes from renewable sources by the end of my first term more than double what we have now." Note the verb "require" and the adjective "renewable."
By 2012 he would "require" the economy's huge energy sector to here things become comic supply half as much energy from renewable sources as already is being supplied by just one potentially renewable source. About 20 percent of America's energy comes from nuclear energy produced using fuel rods, which, when spent, can be reprocessed into fresh fuel.
Obama is (this is part of liberalism's catechism) leery of nuclear power. He also says and might say so even if Nevada were not a swing state that he distrusts the safety of Nevada's Yucca Mountain for storage of radioactive waste. Evidently he prefers today's situation nuclear waste stored at 126 inherently insecure above-ground sites in 39 states, within 75 miles of where more than 161 million Americans live.
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But back to requiring this or that quota of energy from renewable sources. What will that involve? For conservatives, seeing is believing; for liberals, believing is seeing. Obama seems to believe that if a particular outcome is desirable, one can see how to require it. But how does that work? Details to follow, sometime after noon Jan. 20, 2009.
Obama has also promised that "we will get 1 million 150-mile-per-gallon plug-in hybrids on our roads within six years." What a tranquilizing verb "get" is. This senator, who has never run so much as a Dairy Queen, is going to get a huge, complex industry to produce, and is going to get a million consumers to buy, these cars. How? Almost certainly by federal financial incentives for both billions of dollars of tax subsidies for automakers and billions more to bribe customers to buy cars they otherwise would spurn.
Conservatives are sometimes justly accused of ascribing magic powers to money and markets: Increase the monetary demand for anything, and the supply of it will expand. But it is liberals such as Obama who think that any new technological marvel or other social delight can be summoned into existence by a sufficient appropriation. Once they thought "model cities" could be, too.
Where will the electricity for these million cars come from? Not nuclear power (see above). And not anywhere else, if Obama means this: "I will set a hard cap on all carbon emissions at a level that scientists say is necessary to curb global warming an 80 percent reduction by 2050."
No, he won't. Steven Hayward of the American Enterprise Institute notes that in 2050 there will be 420 million Americans 40 million more households. So Obama's cap would require reducing per capita carbon emissions to levels probably below even those "in colonial days when the only fuel we burned was wood."
Regarding taxes, Obama says that "we don't want to return to marginal rates of 60 or 70 percent." The top federal rate was 70 percent until the Reagan cuts of 1981. It has since ranged between 50 in 1982 and today's 35. Obama promises that expiration of the Bush tax cuts will restore the 39.6 percent rate. He also favors a payroll tax of up to 4 percent on earnings above $250,000 (today, only the first $102,000 is taxed), most of which also are subject to the highest state income tax rates. When the top federal rate was set at 28 percent under Reagan, payroll taxes were not levied on income over $42,000, so the top effective rate of combined taxes was under 35 percent. Obama's policies would bring it to the mid-50s for many Americans, close to the 60 percent Obama considers excessive.
There never is a shortage of nonsensical political rhetoric, but really: Has there ever been solemn silliness comparable to today's politicians tarting up their agendas as things designed for, and necessary to, "saving the planet," and promising edicts to "require" entire industries to reorder themselves?
In 1996, Bob Dole, citing the Clinton campaign's scabrous fundraising, exclaimed: "Where's the outrage?" In this year's campaign, soggy with environmental messianism, deranged self-importance and delusional economics, the question is: Where is the derisive laughter?
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