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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review July 28, 2009 / 7 Menachem-Av 5769

Socialism doesn't work — even in China

By Dick Morris & Eileen Mc Gann




http://www.JewishWorldReview.com | Buried amid its astonishing annual growth rate, even in the recession, is the sad story of China's socialist sector, a huge and perennial drag on its economy. The failure of government control amid the success of private initiative is a story that President Obama would do well to study as he brings government control and management to the automobile and banking industries in the United States.


In China, 80 percent of all investment activity comes from bank loans largely controlled by the government — a harbinger of what Obama will bring to the United States as TARP-funded banks increasingly have to bow to federal regulation and pressure. And, as is to be expected when the state runs the banks, the lending goes disproportionately to state-owned enterprises (read: General Motors). These companies get 70 percent of the nation's investment capital (and the figure is rising) but only produce between one-quarter and one-third of all output in the country.


An article by John Lee explains that China's "move towards an unbalanced state-led model did not occur by accident but was the result of deliberate policy" in the wake of the Tiananmen Square demonstrations. Prior to Tiananmen — when 80 percent of the poverty alleviation China has experienced took place — fixed-asset investment by the private sector grew at 20 percent per year. Since then, it has dropped to almost half that level.


At the same time (again, a prophesy of the result of Obama policies), the number of government officials shot up from fewer than 20 million in the early 1990s to the 46 million that now bloat the government payroll.


We are developing our own equivalent of the Chinese state sector through Obama's takeover of General Motors and his insistence on keeping banks that took TARP money on a tight leash. By controlling bank lending (and refusing to let most banks repay the TARP loans) Obama is replicating the Chinese experience. Indeed, as he forces banks to convert the preferred stock he made them give the government to common (and therefore voting) stock, he hastens the day of federal control of the banks and, through them, of the economy (see our warnings in Catastrophe).


In doing so, he might consider the total failure of the Chinese economy's state-controlled sector, a drag on its overall privately induced sensational economic growth.


$80,000 -- Your Share of the Bailout. Are You Ready?

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