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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 Nov. 25, 2013/ 22 Kislev, 5774

Party of the poor? Obama policies have been helping fat cats

By Jack Kelly




http://www.JewishWorldReview.com | Real (inflation adjusted) median household income last year was $51,371, 4.44 percent lower than in 2009, the Census Bureau says.

The number of Americans living in poverty rose by the equivalent of the population of Massachusetts during President Barack Obama’s first term. By the time his second ends, “black people will have lost ground in every single leading economic indicator category,” television talk show host Tavis Smiley said last month.

From 2009 to 2012, the top 1 percent received 95 percent of income gains, a study by University of California-Berkeley economist Emmanuel Saez indicated.

That’s where you find the “superstars” who make megabucks in sports, entertainment, technology and finance, said economists Steven Kaplan and Joshua Rauh. You’d expect them to do better.

But during the presidency of George W. Bush, the top 1 percent garnered just 65 percent of income growth, Prof. Saez said.

The stock market has set all-time highs despite mostly dismal economic news — thanks to “quantitative easing” (money creation) by the Federal Reserve Board. The top 1 percent own 83 percent of U.S. stocks.

The boon to Wall Street has been a blow to the middle class. Near-zero interest rates undermine savings.

QE was supposed to make credit available to “Main Street” businesses crunched by the recession. That didn’t happen, said Andrew Huszar, point man for the Fed’s bond purchases.

“My program wasn’t helping to make credit any more accessible for the average American,” Mr. Huszar wrote in the Wall Street Journal Nov. 11. “QE may have been driving down the wholesale cost for banks to make loans, but Wall Street was pocketing most of the extra cash.”



The banks also “enjoyed huge capital gains on the rising values of their securities holdings and fat commissions from brokering most of the Fed’s QE transactions,” he said.

Wall Street investment banks also get from federal loan guarantees what amounts to an $83 billion subsidy. “It’s tantamount to giving the banks about 3 cents of every tax dollar collected,” said the editors of Bloomberg View.

A major cause of the Great Recession was the recklessness of Wall Street bankers. But Democrats gave them an edge in 2010 when they imposed crushing burdens on smaller competitors who’d done nothing wrong.

The Dodd-Frank bill has imposed “significant costs on community banks without providing benefits to consumers or the economy that justify those costs,” concluded a paper by Wake Forest University law professor Tanya Marsh and Joseph Norman.

Despite ample evidence, no Wall Street executive has been prosecuted for fraud.

So it’s easy to see why Democrats are Wall Street’s darlings. Last month, Goldman Sachs paid Hillary Clinton more than $400,000 for making two speeches. Wall Street has donated more to Barack Obama than to any other presidential candidate, save for ex-Wall Streeter Mitt Romney, according to the Sunlight Foundation.

The income inequality his policies have intensified is “immoral,” President Obama said at Knox College in July. But as Americans who’ve lost their health insurance can attest, he often says things he doesn’t mean. Actions speak louder.

“While the populist rhetoric of modern (Democratic) politicians is all about redistribution and inequality, the reality is that (their) policies entrench privilege,” wrote Walter Russell Mead, editor of The American Interest.

“Well-connected insiders get sweetheart deals from government, and insurance lobbyists wield a veto over Obamacare’s restructuring of the American health care system,” Mr. Mead said. “Most of the so-called green policies are basically ways to channel money from ordinary consumers to political insiders who invest in clever enterprises engineered to suck in subsidies or to thrive in protected, artificial markets created by regulations.”

President Obama has “redistributed” more tax dollars to crony capitalists than to the poor. From the $787 billion “stimulus” that didn’t stimulate, to subsidies for “green” companies that produced more corruption than energy, to Obamacare, every “investment” he has made has produced a windfall for the politically connected but hasn’t helped ordinary Americans.

The party of the rich isn’t the one you thought it was.

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JWR contributor Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration.

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