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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
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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
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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
April 28, 2010
/ 14 Iyar 5770
GOP: Hang Tough on Financial Regulation
By
Dick Morris & Eileen Mc Gann
http://www.JewishWorldReview.com |
The Republican Party is showing some starch by standing up to Sen. Harry Reid on the financial regulation bill. We can only hope that they keep it up.
The Obama administration is selling a bill of goods inside the Beltway by saying that the GOP is getting into bed with the worst of Wall Street by opposing its bill. The truth is that the rest of the country fears big government a lot more than they fear big business and recognizes that Goldman Sachs and the other Wall Street giants feed at the Democratic trough as much or more so than at the Republican one.
Republicans just need to keep pointing out that Goldman was the biggest donor to the Obama campaign, contributing $970,000 from its employees and PACs. (The combined donations of the staff and faculty of the University of California totaled $1.5 million, but they are hardly a coherent corporate entity like Goldman.)
The financial regulation bill is a disaster in three major respects:
First, it gives incentives for irresponsibility by, in effect, guaranteeing banks' survival by establishing a $50 billion rescue fund. In doing so, it gives the large banks a huge advantage and extends to them the same kind of implicit guarantee that once encouraged the likes of Freddie Mac and Fannie Mae to go on their lending spree. It is a key step in the conversion of big banks into quasi-public institutions, ultimately controlled by the government — levers through which the public sector can control the private.
Second, by vesting the secretary of the treasury with the power to seize — in a hostile takeover — any financial institution he deems to be too big to fail, it puts at risk of public takeover every such company in the nation.
Granted, the FDIC now has the power to seize any bank. But the FDIC is headed by a nonpartisan board with a heritage of nonpolitical regulation. The secretary of the treasury is an arm of the president.
If a political appointee has the power to take over any financial institution — bank or non-bank — fire the board, replace the management, wipe out stock equity and sell off pieces of the company, it gives him a power that is so awesome that it can undermine our democratic freedoms. What corporate executive will feel free to donate to Obama's opponents or to speak out against the administration when doing so could cost him his job and his bank?
Third, the newly established Consumer Financial Protection Agency will have the power to approve or reject any loan instrument offered by any company in the land. A mattress company that wants to let customers go for 60 days before paying will have to get CFPA approval before extending credit. The bureaucratic bottleneck will slow economic activity, encourage corruption and retard consumer spending. It will be big government at its worst.
The entire political premise of the Obama administration's efforts to pass this bill is flawed: Republicans will not be blamed for protecting the banks if they vote down this bill. Voters will not believe that the GOP is in cahoots with Wall Street. They will understand that the Republicans in Congress protected them from the massive growth of government.
Obama's power grabs have been so frequent and so blatant that he has no credibility on this subject. Voters expect him to be fighting to grow government and to be hostile to private enterprise. And they are wise to his close connection with Wall Street despite his occasional forays into populism.
This is a bill the Republican Party can kill with political impunity, and hopefully they will have the courage to do so.
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