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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 Oct 7, 2011 / 9 Tishrei, 5772

Baptists, bootleggers and Wall Street protesters

By Jay Ambrose




http://www.JewishWorldReview.com | Across the nation, thousands are protesting Wall Street financial institutions and other corporations that are making more money than people make, as if corporate wage earners and shareholders aren't people.

The crowds are mostly expressing a "general frustration," one reporter explains. Or massive confusion easily exploited, maybe?

The protesters seem to like President Obama. He also rants against corporate greed, pretending to be a benevolent arbiter of justice, the great savior, a city upon a hill all by himself. But he is not by himself. He is forever serving financial interests in his crisis-confronting campaigns, making everything worse in the end.

Obama's is the story of "Baptists and bootleggers." In the initial use of the phrase, Bruce Yandle, a professor then director of the Federal Trade commission, was summing up a major reason regulations often have ill effects. He gave as an illustration Baptists asking that sales of alcohol be prohibited on Sunday to help save people from deleterious, Sabbath-profaning consumption.

Bootleggers thought the Baptists were onto something. When legal sales are forbidden, illegal sales go up. Then the politicians signed on. We can imagine them giving high-toned speeches about Sundays marred by booze while getting support from bootleggers who then profited from laws doing nothing to decrease drinking.

Such is the usual structure of governmental interventions: noble-sounding purposes buttressed by self-seeking. The common good often loses and the politicians must then work diligently at covering their tracks. They don't always succeed, as when some first-rate investigators wrote "Reckless Endangerment." It is a book about the bursting of a housing bubble, a consequent rash of foreclosures and a financial crisis that then gave us a recession and killer unemployment.

Wall Street financial institutions hardly get off the hook. Along with Fannie Mae, the quasi-governmental outfit whose boss got super-rich through fallacious policies, they are the bootleggers. The Baptist equivalents were community groups wanting the poor to own homes they could not afford. The enablers were mostly liberal Democrats whose compassion was matched only by all the favors the bankers and Fannie Mae sent their way.

So now let's trace some of Obama's Baptist-bootlegger deals. For one, there was a stimulus enacted in response to the economic disaster the politicians helped deliver. It mostly stimulated projects with political benefits for congressional Democrats even as Obama prophesied a jobs miracle that was more nearly a jobs Armageddon.

There was his defense of runaway union power threatening states and localities with ruinous pension payments and other benefits to privileged public employees. He's there for the common folks, he said. Excuse me, but the common folks were having their heads handed to them.

He has long supported subsidizing and mandating ethanol as a way of cutting back on carbon emissions. Studies show that's a fraud. Other studies show we're adding $6 billion to deficits while driving up food costs when a record number of Americans are on food stamps. The love spent on farmers and biofuel firms translates into punishment for everyone else.

Who besides environmentalists and Obama want "green" jobs through loan guarantees to solar panel companies? Why, the solar panel companies want them, even though their success could mean the loss of fossil fuel jobs. But don't worry too much about success. We've recently learned about some of these firms going bankrupt at taxpayer cost.

So now we have these Wall Street protesters saying their cause is rescue for 99 percent of us as opposed to the 1 percent consisting of corporations, and here come the bootleggers, public and private unions, plowing money and manpower into the turmoil while looking not for quicker liquor but dandy candy from politicians willing to deal.

Given the specifics some protesters mention, their math is almost 100 percent wrong. The consequence of political victory might be a few pluses for some unions, but fewer jobs overall, higher prices, more recession and increased debt. Let's resist this B & B baloney.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Jay Ambrose, formerly Washington director of editorial policy for Scripps Howard newspapers and the editor of dailies in El Paso, Texas, and Denver, is a columnist living in Colorado.


Previously:

10/05/11: Federal law will get you even if you watch out

09/28/11: Leftist bugbears on the march

09/23/11: Still hope for coal to help us

09/21/11: Obama's Madoff ploy

09/19/11: U.S. can't afford to wait until it happens

09/14/11: Defending -- and strengthening -- gung ho collectivism

09/12/11: A pipeline to better times

09/08/11: Obama just keeps destroying jobs

09/06/11: Ultra-feminists thwarting justice

08/31/11: Corporations are people? Yes, Count the ways

08/26/11: What an earthquake tells us about debt

08/25/11: The tyranny of scientific consensus

08/23/11: Fracking hardly a public health threat

08/17/11: Why Obamacare won't control births

08/15/11: Balanced budget amendment unbalanced idea

08/10/11: Kerry's war on citizen speech

08/05/11: Upside to the compromise leaving the door open for obnoxious maneuvers

08/03/11: The people who may save America

07/29/11: On making deals, Obama is no LBJ

07/27/11: The threat behind the debt

07/23/11: Mean opposition to means-testing

07/20/11: Leftist babble makes debt crisis even worse

07/18/11: Time to raise demagoguery ceiling

07/13/11: Obama treating treaties badly

07/08/11: Is decline of U.S. exaggerated?

07/05/11: Not math deficiency, but demagoguery



© 2011, SCRIPPS HOWARD NEWS SERVICE

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