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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 9, 2010 / 27 Tamuz 5770

Economic numbers hurting Obama

By Dick Morris And Eileen McGann




http://www.JewishWorldReview.com | The increasing consensus that we are entering a "double dip" recession is seeping into the conventional wisdom, posing a further obstacle to Obama's attempts to keep control of Congress. Even when the conventional wisdom was that the economy was slowly emerging from recession, the president was having his problems keeping Congress. But now that all indicators — from employment to housing to consumer confidence to the Dow — are trending downward, the task is likely to become even harder.

The days are fading when Bush could be blamed for the economic problems we are facing as a nation. The passage of time and, interestingly, the very perception that things had been getting better earlier in the year both make this second dip the Obama dip rather than just a continuation of the "Bush recession."

The facts are that we have likely never emerged from the recession at all. The Economic Conference Board has never declared the recession over since so much (or even all) of the anemic but still somewhat positive growth recorded in the past three quarters stems directly from public sector cash transfer payments. These transfusions may mask the symptoms of recession, but they are no indication of emerging prosperity.

As we predicted in Catastrophe and in our latest book: 2010: Take Back America — A Battle Plan, we are now coping with the damage, not of the original recession that started in 2007, but with the cures administered by Obama when he took office in 2009. It is his big spending, big borrowing, and his looming tax increases in 2011 are driving the economy down.

History will probably record the Obama Administration of 2009-2013 (hopefully his only time in office) as one long recession/depression just as we see the Hoover Administration of 1929-1933. We make no allowances for the "false dawn" of rising markets which engendered a great deal of hope in 1930-1931 before these expectations were crushed by the Hoover tax increases of late 1931 and the Federal Reserve Board's increase of interest rates that same year. In retrospect, we will see the slight uptick of the early months of 2010 as our own "false dawn" interrupting but not punctuating our four year recession.

As the debt crisis that started in Greece spreads to Europe and across the ocean, the United States' high level of deficit spending makes us particularly vulnerable. It was recognition of that weakness that led Europeans to reduce their deficits and cut back their spending, oblivious to Obama's request that they increase their outlays. But Obama continues his big spending and big borrowing ways in the U.S.

To this we need to add the climate of uncertainty that the president's changes have engendered. The prospect of big tax hikes ahead in 2011 (beyond just the simple repeal of the upper income Bush tax cuts), the uncertainty in the credit markets due to the passage of the financial regulation bill, and the questions raised by possible cap and trade legislation all militate against new investment or borrowing and are inducing corporations and banks to hoard cash which might, otherwise, have stimulated economic growth.

Politically, Obama was likely to lose Congress even before this disaster hit. Now, Rasmussen has four Democratic Senate seats definitely going Republican (Arkansas, North Dakota, Indiana, and Delaware) with six more rated as tossups (Pennsylvania, Illinois, Colorado, Nevada, Washington State, and Wisconsin). California is also a likely Republican pickup. Rasmussen rates four GOP Senate seats as tossup (Ohio, Missouri, Florida, and New Hampshire), but the Democrats are unlikely to win any of them.

If the GOP picks up the seats it is likely to win, it will control the Senate by 52-48. And, in the House, the likelihood of a Republican victory is even more significant.

Reverend Wright famously said that 9-11 represented America's "chickens coming home to roost." He was wrong. But the double dip recession, and its political consequence, is clearly an instance of Obama's spending policies making the same journey.

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