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February 10, 2012
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David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
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Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
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Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
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Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
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February 6, 2012
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Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
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Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
March 19, 2008
/ 12 Adar II 5768
Mine eyes have seen the glory of a recession
By
Tony Blankley
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http://www.JewishWorldReview.com |
Despite Sen. Obama's uplifting, if clever, speech Tuesday, the Democratic Party presidential contest looks more like a contest of racial identity. However, Democratic partisans take at least some comfort in the growing evidence of an impending recession. (What a cheerful party they are.) The hope is for a good deep recession that will drive the fearful American voters into the tender embrace of their presidential standard-bearer no matter how bloodied he or she may be at the end of their civil war of a primary season.
And what a season it is turning into. Hillary "Stonewall" Clinton the Wellesley Eurosocialist of the 1960s has turned herself into the great white hope of the pickup truck and gun rack voters of 2008. I half expect her campaign plane to fly the Confederate flag proudly as it takes her to the Robert E. Lee catfish fry and bourbon night in backwoods Georgia.
Like her political inspiration, Richard Milhous Nixon, she has developed her own Southern strategy of appealing to the resentment of blacks by poor, uneducated Democratic Party white folk. She just received 70 percent of the Mississippi white people's vote and now is reaching out to the old Philadelphia Mayor Frank Rizzo anti-black vote in the City of Brotherly Love. If she loses the nomination fight, she may pull a Strom Thurmond and form a Dixiecrat third-party ticket. Perhaps she could choose Bobby Byrd, the former pride of the Ku Klux Klan, for her running mate.
Not to be outdone in this political mondo-bizarro season, inexperienced, fresh-off-the-turnip-truck Barack Obama is running as a racial healer after having been guided spiritually for the past two decades by his mentor and family preacher, a fervent, white-devil-hating, America-damning, Sept. 11-cheering, HIV-conspiracy-believing eccentric. In his speech Tuesday, elegant as it was, Obama seemed to be saying something to the effect of: "Live with it, America; that is the way many people feel." As the speech gets understood more fully, it is likely to polarize the election cycle further. It is a commentary on the sorry state of the Republican Party that one of these two oddities is favored heavily to be elected president of the United States.
Meanwhile, the GOP presumptive nominee, John "I always do it the hard way" McCain, who honorably and correctly has championed the unpopular Iraq war, decided to double down on the proud claim that, as we go into what may be the worst economic crash since the Great Depression, he doesn't know much about economics. Nor does he talk about it much.
But here is where he may be able to steal a march on the Democrats. They assume, not unreasonably, that the GOP candidate will be blamed for the bad economy and will try to avoid the issue. But rather than following his instincts to talk mainly about foreign and defense matters, McCain should engage the Democrats and the public intensely on the full policy implications of the impending financial- and currency-crises-induced recession.
Just talking a lot about his concerns for the public's economic needs is important. Republicans never have learned the political truth that the Democrats learned a century ago: If the public doesn't hear a party talk about its concerns, it reasonably assumes the party doesn't care.
But in this instance, McCain can do more than show he cares (although he needs to do that a lot). If the economy is going to be as bad as most experts expect, the public will not tolerate a Republican Party that refuses to propose some governmental interventions. That was the argument of Herbert Hoover's treasury secretary, Andrew Mellon: Liquidate labor, real estate, stocks, farmers, etc.; clear out the dry rot, and wait for recovery. If that is all the GOP offers, it will lose in a historic landslide and would deserve to.
There are policies that may help a lot. We must protect the housing market from being flooded with many millions of foreclosed homes. It would not only wipe out millions of families who were foreclosed on but also would crash the value of everybody else's homes for many years. McCain should develop and quickly and repeatedly call for such protections. Other interventions also may be necessary, perhaps including some re-regulation of financial institutions.
At the same time, he should challenge the Democrats to explain how, during a recession that will reduce government tax revenues sharply and require hundreds of billions of dollars of housing relief, they are going to pay for all the goodies they are promising. As Nicholas von Hoffman pointed out in The Nation: "The billions that Hillary Clinton and Barack Obama would have had to spend (on universal health care, teachers' salaries, infrastructure, decent-paying jobs for laid-off workers, etc., will) not exist."
McCain should challenge the Democrats to explain under what theory raising taxes even on the filthy rich during a recession will help lead to recovery rather than drive the recession deeper.
To the extent that the public is looking for a strong commander in chief, McCain already has those votes. Of course, he should continue to make his defense and foreign policy points.
But this election will be won or lost on the economy. And McCain must make hard times his friend. On that issue, don't yield an inch to your Democratic Party opponent, senator, and Election Day may be yours yet.
Regretfully, the Democrats may be right to live in hope of being saved by a collapsing economy.
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.
Tony Blankley is executive vice president of Edelman public relations in Washington. Comment by clicking here.
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