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
Feb. 23, 2009
/ 29 Shevat 5769
It's the content, not the size
It's interesting to speculate how very different history might have been if King George II, who died in 1760, had lived another five years or so.
George II was succeeded by his grandson, George III, who hated granddad and granddad's ministers, in particular William Pitt, arguably Britain's greatest statesman until Winston Churchill. On becoming king, George III replaced them with Tory cronies as limited as he in intelligence and character.
Pitt had guided Britain to victory in the first world war, which Americans called the French and Indian War. When it ended, the American colonies fell deeply into recession. There were no more orders for food for the British army, wood for the British navy or pay for colonial militia.
George III's Tory ministers compounded economic hardship by imposing a series of taxes. Americans railed against the Townshend Acts, the Stamp Act and the tax on tea because of their outrage at being taxed without representation. But much of the outrage was fueled by the real economic hardship the taxes would have imposed.
Pitt who loved Americans and was loved by them never would have imposed such taxes. Had he remained in power during this critical period, I think it probable there would not have been an American Revolution.
The connection between depression and war is greater than most people realize. Hard economic times tend to radicalize people, and to turn them towards violence. Hitler never would have ruled Germany, nor Mussolini Italy, if it hadn't been for the Great Depression.
Conservative Republicans are fond of saying it wasn't Franklin Roosevelt's New Deal that ended the Great Depression; it was World War II.
Conservative Republicans are fond of saying this because it is indisputably true. There was a "depression within the Depression" in 1937 and 1938. Unemployment was at 15 percent double today's figure in 1940. It wasn't until industrial production was revived by military orders, and unemployed young men were being drafted that the economy began solidly to grow.
But conservative Republicans rarely reflect on why it was that World War II ended the Great Depression. One who has is economist Bruce Bartlett, a Treasury Department official in the administrations of Ronald Reagan and the first President Bush.
FDR made many mistakes which deepened and prolonged the Depression. But deficit spending which conservative Republicans then and now criticized wasn't one of them. FDR should have run much larger deficits, Mr. Bartlett said. When World War II forced him to, the economy recovered.
Deficit spending is bad, conservatives say, because it crowds out private sector borrowing, driving up interest rates and spurring inflation. In normal times, this is true. But in deflationary times like those in the Great Depression and now it is not.
What's wrong with the "stimulus" bill President Obama signed Tuesday is not its size Mr. Bartlett thinks it's too small but what it's being spent on, and when it will be spent.
The fastest way to inject stimulus into an economy is through tax cuts. That's also the fastest way to build wealth. But there are precious few tax cuts in the porkalooza. Little of the spending in the bill will take place in 2009, which means it will come too late to help when help is needed most.
FDR's public spending left projects of lasting value, like the Triborough bridge in New York and the Muscle Shoals dam in Alabama. But much of the spending in the porkalooza is for entitlement programs, which are a dead weight on the economy, the opposite of a stimulus. The porkalooza is a recipe not for recovery, but for Jimmy Carter-style stagflation.
The American Revolution worked out all right for us, and for the British, too. But poor political leadership in a time of crisis usually has unhappier results. It's important for both liberals and conservatives to get stimulus right, because war is a fearful price to pay for economic recovery.
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 Jack Kelly, a former Marine and Green Beret, was a
deputy assistant secretary of the Air Force in the Reagan
administration. Comment by clicking here.
Jack Kelly Archives
© 2008, Jack Kelly
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