May 13, 2013
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
Admit it: No one has any idea what's going on
April 22, 2013
US man departing country arrested on terror charges
An unorthodox but growing treatment in a 9-year-old's battle against cancer
April 19, 2013
Caroline B. Glick:
Why Obama's visit to Israel had no impact on public opinion or government policy
Gold collapse: The start of something big?
Livable super-Earths? Two candidates among Kepler's latest finds
April 17, 2013
Too much of a good thing? 'Palestinians' realize downside of foreign aid boom
BAD NEWS: EVERYONE IS RIGHT!
April 15, 2013
Egyptian Christians respond with harsh words to attack -- rocks, Molotov cocktails, and gunfire -- against main cathedral
Marcy Darnovsky and Karuna Jaggar:
High Court to decide if you should own your DNA
US bracing for more Russian blowback after taking action against 18 more human rights violators
April 12, 2013
New cybersecurity bill: Privacy threat or crucial band-aid?
Jewz in the Newz by Nate Bloom:
The Kosher Gourmet by Susan Russo:
Jackie Robinson's Friend, Hank Greenberg; CNN's Jake Tapper; Texas County in the News is named for 19thC. Jewish soldier and Congressman
FRUITY QUINOA STUFFED PEPPERS: A flavorful, colorful and edible vessel of delicately fluffy, mildly nutty filling combined with chewy apricots, tangy cherries, and crunchy pistachios
April 10, 2013
North Korean missiles: Could US shoot them down?
Warning: Don't waste your capital being fooled by profit prophets
Donald Hensrud, M.D.:
Mayo Clinic Medical Edge: Take vitamin supplements with caution --- even approved, they may actually do damage
74 DNA discoveries move cure closer for three cancers
April 8, 2013
Jonathan Tobin: What Part of No Preconditions Do American Jews Not Get?
Is Putin finally trading his own party for a new power base?
Jewish World Review
April 20, 2010
/ 6 Iyar 5770
Where is the economy headed?
Dick Morris & Eileen Mc Gann
Larry Kudlow makes the case that the economy is now headed for a traditional V shaped recovery down fast and up fast. He cites economic growth and jobs data to support his optimistic assessment and warns conservatives not to invest too much political capital in predicting the demise of the economy under Barack Obama.
But, even if we assume he is correct, the real question is whether the V is to stand alone or just be the precursor to a W shaped economy down fast, up fast, down fast, and then, eventually, we hope, up again.
The elections of 2010 and how the Republicans act if we take back Congress will determine the answer to this key question.
The massive budget deficit that is providing temporary kindling to the economic recovery will, itself, prove that recovery's undoing if it is either allowed to remain at record levels or if we reduce the deficit by raising taxes. Only if we cut the deficit by ratcheting back Obama's record spending levels do we have a hope of avoiding the second V (the back end of the W) which would send us back down again.
When Obama took office, his goal was to increase the size of the federal government. This statistic, which really defines socialism, stood at 30% when he took office and has now zoomed upward to 35%. When health care is fully implemented, it will rise up to 40% bringing us equal to the United Kingdom and close to the levels of socialist nations like France, Germany, and Sweden.
But Obama couldn't raise taxes to accomplish his goal, so he raised spending and borrowed the money. Now, the key question is: Will he be able to use the pressure of the deficit to force Republicans to pass higher taxes?
If he does, the result will be predictable a downward spiral in the economy, sapping growth and costing us jobs. Those who will bear the brunt of his tax increases are precisely the ones who invest and create jobs. The increase in capital gains taxes alone will choke off growth and the huge increases that loom in personal income taxes will complete the process of strangling our economy. (Remember that trillion dollar annual deficits loom far into the future even assuming that Obama does not renew the upper income Bush tax cuts.) The Democrats will likely propose to raise the top bracket up to 45% for "millionaires" in addition to the 4% Medicare tax and state and local levies. Bye bye growth.
But we cannot let the deficit persist at over $1 trillion. When interest rates return to normal (after the Fed raises them and stops printing money), debt service will absorb almost a trillion dollars a year twice as much as defense spending and more than Social Security, Medicare, and Medicaid combined. We will be like the family that has to hand its paycheck over to the mortgage company each month to pay their debts.
So as if we indeed begin to ride the back end of the V that Kudlow predicts, let's focus ahead and make sure the V does not become a W. The only way to do that is to elect a Republican Congress of true believers in 2010.
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