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May 25, 2012
Mark Clayton: Is Hillary's State Dept. hacking Al Qaeda? Not quite
Erika Bolstad: Temple cancels Wasserman Schultz speech
The Kosher Gourmet by Ethel G. Hofman: The former president of the International Association of Culinary Professionals, whose members included the likes of Julia Child, is back with contemporary Shavous cuisine: Ruby Fruit Soup, Sweet Noodle Kugel with Cheese, Key Lime Curd, Calsone Casserole Frittata with Wild Mushrooms, Sun-dried tomatoes and Olives, Baked Tilapia with Pepper Cheese Cream and Brown Sugar Shortbread
May 24, 2012
Jeff Jacoby: The peace process battered Israel's reputation
Michael Muskal: 'Pro-choice' position hits record low, according to poll
Chris Farrell: Are We in a Tech Bubble?
The Kosher Gourmet by Penelope Wall: PHILLY CHEESE STEAKS --- hold the steak!
May 23, 2012
Tony Pugh: More private colleges offering tuition discounts
Mary Beth Franklin: How to Choose the Right Annuity for You
Tina Susman: The wig wasn't enough: Man gets 13 years for posing as his dead mom
The Kosher Gourmet by Emma Christensen:A simple way to do fish right
May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy?
Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
Mary Pickett, M.D.: Ask the Harvard Experts: Don't be forced into gluten-free lifestyle based merely on a doctor's false-positive test
The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
Warren Richey: Teacher fired for being unwed and pregnant can sue religious school, court rules
Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
Sue Hubbard, M.D.: The Kid's Doctor: Lactose intolerant young child? Check again
The Kosher Gourmet by Kathy Hunt: Spread a Little Excitement with EXOTIC CONDIMENTS (4 RECIPES)
May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
Jessica L. Anderson: Get the Best Deal on a Used Car
Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
Jeff Bertolucci: Get Home Phone Service for Less Than $10 a Month
The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
Jan 26, 2012/ 2 Shevat, 5772
Obama's Happy Talk Versus Bernanke's Action
By
Arnold Ahlert
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http://www.JewishWorldReview.com |
For those Americans who continue to believe words speak louder than actions, president Obama's State of the Union speech was a smash hit. In fact on Wednesday, CBS News cited an online poll conducted by Knowledge Networks immediately following the president's address, which claimed 91 percent of those who watched the speech approved of the proposals Mr. Obama put forth. That was up from a "paltry" 83 percent who approved last year's speech. This is the words part of the equation.
The action part? That occurred yesterday when "Uncle Ben" Bernanke announced that the Federal Reserve intended to hold short-term interest rates near zero "at least through late 2014." From the New York Times: "The decision means that the Fed does not expect the economy to complete its recovery from the 2008 crisis over the next three years. By holding rates near zero, the Fed hopes to hasten that process somewhat by reducing the cost of borrowing."
For those of you insufficiently attuned to ongoing attempts by the New York Times to understate any bad news that accrues to Obama and Company, let me translate: the economy has stunk since 2008, it stinks today, and we expect it to stink until almost 2015. It's so stinky that even when the Fed is letting you borrow money for nothing, it can't generate enough demand to turn anything around, even in a seven-year time frame.
As for the Federal Reserve itself, here's their take: "While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated," the Fed said in a statement released after a two-day meeting of its policy-making committee. "Household spending has continued to advance, but growth in business fixed investment has slowed, and the housing sector remains depressed."
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For those of you insufficiently attuned to "Fed-speak" as well, translation number two: despite the "green shoots" b.s. all over again, millions of people can't find jobs, businesses have little incentive to pour additional money into physical assets such as machinery, land, buildings, installations, vehicles, or technology, and the housing sector could make a cameo appearance in AMC TV's "Walking Dead" series. Or maybe not. At least the zombies are walking. The housing market is flat on its back.
Yet for the true-believers and their hack media cheerleaders, none of it matters. Happy Talk wins the day. Here's some of that Happy Talk--with my reality checks in italics:
"Think about the America within our reach: A country that leads the world in educating its people." (That would be our union-dominated public school system that has promised to reform itself for fifty years with no success. The one producing "graduates," 75 percent of whom need remedial intervention in math, reading and writing to attend a university system. The would be a university system steeped in left-wing ideology, subsidized by taxpayers on the hook for student loan liabilities totaling a trillion dollars). "An America that attracts a new generation of high-tech manufacturing and high-paying jobs." (Not with the second highest corporate tax rate in the world, unknown Obamacare costs, and thousands of incomprehensible regulation,s courtesy of FinReg legislation). "A future where we're in control of our own energy, and our security and prosperity aren't so tied to unstable parts of the world. (From the president who promised to be Brazil's "best oil customer," killed the Keystone Pipeline, had his Energy Department pour billions into solar companies that went bankrupt, withdrew our troops from Iraq prematurely, facilitated the Muslim Brotherhood's ascendancy in Egypt, and refused to "meddle" in the 2009 Iranian election) "An economy built to last, where hard work pays off, and responsibility is rewarded." (A false economy built on massive debt and Quantitative Easing, where hard work takes a back seat to an administration that picks winners and losers. One where irresponsibility is both encouraged and subsidized, from "too big to fail" banks, to tossing primary creditors aside and handing the auto companies over to the UAW, to 155 weeks of federal unemployment benefits).
Two more sentences: "I will work with anyone in this chamber to build on this momentum." (From the same president whose idea of working with the opposition came down to two words: "I won," and whose idea of building momentum has consisted bypassing Congress completely via his Czars and agency heads). "But I intend to fight obstruction with action, and I will oppose any effort to return to the very same policies that brought on this economic crisis in the first place." (Obstruction is a Democratically-controlled Senate that has refused to pass a budget in over a thousand days despite numerous submissions of same from the House, a Justice Department still pursuing banks that fail to make sufficient numbers of mortgages available to the same unqualified borrowers that precipitated the last housing crisis--and the ongoing incarnations of Keynesian economic "stimulus" policies that have racked up more debt in three years than the last president did in eight. The eleven years worth of massive deficit spending? Approved by then-Senators Barack Obama and Joe Biden right through their ascension to the president and vice-president, respectively).
I could go on, but those who get it don't need me too, and those who do are likely unreachable. Memo to the latter group: Go ahead and believe this president if you want to. Just remember--or, for the oh-so-many of the historical illiterates produced by the aforementioned schools system, learn--the last time interest rates were kept this low for this long was during the Great Depression. That may not be Happy Talk, but it's a fact. And nothing is more toxic to this president's re-election chances than facts. Whether a majority of American people are still interested in facts is yet another critical issue that will likely be resolved by the 2012 election.
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 Arnold Ahlert's column, by clicking here.
Previously:
01/23/11: South Carolina Goes for the Media-Masher
01/17/11: Nuking the Strait of Hormuz?
01/09/11: Coercion and Incentive Are Not Interchangeable Terms
01/06/11: Will We Retire Obama --- or the Constitution?
01/03/11: Dumb -- or ‘Disabled?’
12/27/11: Islamists ‘Celebrate’ Christmas
12/19/11: A Deficiency of Decency
12/16/11: Better a A War On Whiners Than Christmas
12/12/11: Anybody But Obama
12/07/11: Connecting the Feckless Foreign Policy Dots
12/05/11: Can We Keep Our Republic?
11/28/11: Cyber Crack-heads
11/21/11: Water Water Everywhere, But Not a Drop to Think
11/18/11: Walking along Avenue J(ew)
11/09/11: Military Scandal, Media Blackout
11/09/11: Open-Mics and Closed Minds
11/07/11: Back in the EU--SSR
10/31/11: Camping Out in La-La Land
10/14/11: Bagman Tim
10/13/11: Are Colleges Too Big to Fail?
10/11/11: Why aren't they upset when their child is mugged in school?
10/07/11: I Stand With the ‘One Percenters’
10/03/11: Can We Legalize Assassination?
09/29/11: Tim, Liz and Bev Equals Moe Larry and Curly
09/26/11: No Acknowledgment of Israel? No More Money
09/19/11: ‘Jobbing’ America
09/16/11: Carville knows a few things about ‘crazy’
09/12/11: Contemptible Krugman
09/09/11: Solving the 9/11 Invitation Controversy
09/06/11: Our Progressive Economic Wrecking Crew
09/01/11: Summer Swoon
08/29/11: The Real American Fanatics
08/24/11:The Five Stages of (Progressive) Grief
08/22/11:The Inevitable Descent From Progressivism to Nihilism
08/22/11: Perry Stands Firm. Obama Stands Mute
08/15/11: Give Me a Flatscreen TV, or Give Me Anarchy!
08/11/11: Resign, Mr. President
08/08/11: Facts? We Don't Need No Stinkin' Facts
08/03/11: Manufactured Crises
08/01/11: Stay Healthy, America --- or else!
07/28/11: Existential Crisis, Part 2
07/25/11: Three-Out-of-Four Americans Are Radicals
07/21/11: What Does Two Plus Two Equal?
07/18/11: News Nuggets
07/13/11: The ‘Write Stuff’
07/11/11: Completely Expectable ‘Unexpectedness’
07/07/11: Organized Cheating
07/05/11: Stimulating Disaster
06/30/11: Progressivism Masquerading as Education
06/27/11: America: Greece With Better PR
06/23/11: NBC-ya Later
06/19/11: One Man's Conversation About Race
06/10/11: An Exhibitionist in an Exhibitionist Age
06/07/11: NAACP Betrays Black American Schoolchildren
06/02/11: For the First Time in My Adult Life . . .
05/31/11: If I Were President
05/25/11: California Dreamin'
05/23/11: On Wisconsin!
05/20/11: Obama's Farewell to Israel Speech
05/16/11: ‘Krauthammering’ Amnesty
05/11/11: Bounce, My Backside
05/09/11: The Epicenter of Progressive Contempt for the Rule of Law
05/03/11: SEALing Osama's Fate
05/02/11: The Education plantation
04/24/11: The Bell May Toll for Jersey Toll Collectors
04/19/11: From Medical Dependency to Dependency on the Welfare State
04/14/11: Trumping the Debate
04/06/11: It Takes a Bigot to Expose a Death Cult
04/04/11: Charlie and Snookie --- and Barack
03/30/11: ‘Disabling’ America, One Lawsuit at a Time
03/28/11: The MSM Kills the ‘Kill Team’ Story
03/23/11: Another Military Scandal
03/21/11: Barry, Joe, Helen and Wisconsin Teachers
03/16/11: The Inevitable Viability of Conservatism
03/14/11: Progressives in Their Own Words
03/09/11: $61 Billion in Cuts --- Vs. $223 Billion in One Month of Spending
03/07/11: Bean Bag B.S.
03/02/11: A ‘Green’ Catastrophe in the Making
02/28/11: Ain't Noting Like the Real Thing
02/23/11: Progressive Rot vs. the ROTC
02/21/11: Wisconsin: Progressivism in All its Ugly Glory
02/18/11: News reporters --- or Narrative Shapers?
02/16/11: The Presidents Budget Proposal: An Obamination of Progressive Profligacy
02/14/11: Only Another 9/11 Will Alter the Illegal Immigration Status Quo
02/10/11: Is O'Reilly losing his touch or is he just irresponsible?
02/07/11: Tossing Britain Under the Bus
02/03/11: Starving the World In Order to Save It
01/31/11: Walking the Middle East Tightrope
01/27/11: Small-scale Terrorist Attacks: Big Strategy?
01/24/11: Jeffery Immelt: A Crony Capitalist In Charge of Job Creation
01/20/11: An ‘Intimate’ Prime-time Interview
01/17/11: Progressives: Always Angry, Newly Desperate
01/12/11: Twain vs. the Totalitarians
01/10/11: Politically Correct Passports?
01/05/11: Showdown at the Fiscal Corral
01/03/11: Reading the Constitution Aloud is a Good Start
12/30/10: Getting Our Moral Mojo Back
12/27/10: PC Airport Safety is an Oxymoron
12/23/10: Getting America Back On Track
12/20/10: A Collectivist Coalition of Convenience
12/15/10: The President Who Wasn't There
12/13/10: Tech-No!
12/08/10: A Lethal Military, Inclusive or Not
12/06/10: The ‘Unexpected’ Consequences of Progressivism
12/01/10: Leakers and Losers
11/29/10: ‘We Won’, Part One
11/22/10: Keep Your Hands Off My Constitution
11/17/10: Grope and Change
11/14/10: Taking Back Our Country, One School At a Time
11/11/10: Checks (and Balances), Please
11/08/10: Curtain Up, Progressives Down
11/04/10: Last Chance, Republicans
11/01/10: By Their Own Words Shall Ye Know Them
10/28/10: Progressive Determination to Undermine American Elections
10/25/10: Shock, but more importantly, action: De-Unionize Public Schools now
10/20/10: Multiculturalism? Check, Please
10/18/10: Healthcare: ‘Alice in Wonderland’ vs. The Constitution
10/11/10: Vote for Restoring the Rule of Law in November
10/11/10: Dems: Running From Clarity
10/07/10: Hypersensitive Hogwash
10/04/10: ‘Comprehensive’ Con Artists
09/29/10: Why Dems Are Going Down in November
09/27/10: The Unholiest of Unholy Alliances
09/22/10: Two Words for Republicans to Remember: ‘I Won’
09/20/10: Purging ‘Me First’ Politicians
09/17/10: No More ‘Lesser of Two Evils’
09/15/10: ‘Recovery’ Arms Race
09/13/10: ‘Bigots’ in the Majority --- Again?
09/09/10: Giving Voters Something to Vote For
09/07/10: Irresponsible Dems, Incomprehensible Bills
09/02/10: War Weary Americans vs. Implacable Islamists
08/31/10: A ‘Dream’ Debased
08/25/10: American ‘Bigots’ Versus Media Propagandists
08/23/10: Recovery Bummer
08/19/10: An Unholy Alliance of Radicals
08/16/10: You've Lost America, Mr. President
08/13/10: The Twin Towers of Progressive Disconnect
08/11/10: A Far Better ‘National Discussion’
08/09/10: It's ‘Only’ One Dead Nun
08/06/10: Incremental Tyranny
08/04/10: Ground Zero Mosque: Context Counts
08/02/10: The Arizona Ruling: a Gift for November
07/29/10: The United Cities of America
07/26/10: JournoList: ‘Coordinated’ Ideological Bankruptcy
07/20/10: Go For Broke Or Get Out of the Way
07/14/10: You're a Liberal/Progressive if You Believe…
07/12/10: $33-an-hour--For Sleeping On the Job
07/08/10: Extortionist Government
07/06/10: ‘Commerce Clause’ Totalitarians
07/01/10: Another Public School Travesty in MA
06/30/10: Calling YOUR Bluff, Mr. President
06/28/10: A Trifecta of Progressive Corruption
06/23/10: Plug the Darn Hole --- In Our Border
06/21/10: Our Empty-Suit-in-Chief
06/16/10: Betraying Our Children
06/14/10: Who Gets the Benefit of the Doubt?
06/07/10: Politically Correct Warfare
06/01/10: Bill Maher's ‘Black’ President
05/25/10: A Mosque At Ground Zero
05/23/10: Libs Stand Tall --- For Mexico
05/19/10: The 'Unintended Consequences' of Liberalism
05/17/10: 'Los' Suns: Stuck on Stupido
05/12/10: Union Audacity: Yes We Will!
05/10/10: Greeks, Leaks and and Double-Speak
05/05/10: Twelve Million Illegals --- or Thirty?
05/02/10: Republicans: Playing Not to Lose Doesn't Cut It
04/28/10: Arizona: Progressivism's Waterloo?
04/26/10: Son of Amnesty
04/22/10: Mortgages and Moral Meltdowns
04/20/10: Bashing Christians — Or Gays?
04/15/10: Personal Integri-‘tea’
04/12/10: Fools, Tools and Ghouls
04/08/10: (Tea) Party On
04/05/10: The Triumph of Mediocrity
04/02/10: Two For the Road
03/29/10: The Innate Immorality of Liberalism
03/24/10: The Art of War
03/22/10: I Want My Country Back
03/18/10: A Perpetual Process
03/17/10: American Exhibitionists
03/15/10: A Light Bulb Moment of Clarity
03/10/10: Little Things Mean A Lot
02/03/10: Budgetary Fork in the Road
02/01/10: Liberal Economic Illiteracy
01/27/10: ‘Roe-ing and Wade-ing’ Back to Reason
01/25/10: Arrogance When Up, Denial When Down
01/20/10: Connecting the Educational Dots
01/19/10: The Next Tea Party?
01/15/10: The Myth That Keeps on Giving
01/13/10: Airport Security Begins Away From the Airport
01/11/10: Secrets and Lies
01/08/10: Embracing Bigotry — or Rejecting Bullying?
01/06/10: Hanging by an Ideological Thread
01/04/10: Our ‘Wonderama’ Bureaucracy
12/30/09: A Day Off
12/28/09: Dangerous Myths
12/25/09: I, Me, Mine
12/23/09: A Very Harry Christmas
12/21/09: My Opinon
12/18/09: The Party of Repeal
12/15/09: Privileged Exemption
11/30/09: ‘Settled’ Science and Unsettled Children
11/30/09: American Sharia Law
11/23/09:The Trial (Travesty) of the Century
11/04/09: American Vampires and Their Political Enablers
11/01/09: ‘Opting Out’ of Insanity?
10/28/09: Cell Phones Cause Brain Cancer. Brain Required
10/26/09: Communism: Nazism With Better PR
10/21/09: Just Asking
10/16/09: Cost Projections vs. Actual Costs, or Hope and Change vs. Reality
10/14/09: News you can use …
10/07/09: Incremental Insidiousness
10/05/09: MIA: Common Sense and Common Decency
09/30/09: Iran: Bad Options and Unpreparedness
09/21/09: Crying Racism: the Last Refuge of Scoundrels
09/11/09: 9/11 Cannot Be Sanitized
09/08/09: ‘Truthers’ and Consequences
09/01/09: A ‘Paper Trail’ Challenge for the Mainstream Media
08/31/09: Drowning in Amorality
08/26/09: The Republican Recovery Program
© 2011, Arnold Ahlert
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