Home
In this issue
December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

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. 26, 2013/ 23 Kislev, 5774

Maybe he's not a liar but simply insane

By Jack Kelly




http://www.JewishWorldReview.com | "After years of trillion-dollar deficits we reined in spending," President Barack Obama told the Wall Street CEO Council last week. "And since I took office, we have now cut our deficits by more than half.

"Add it all and businesses like yours have created 7.8 million new jobs over the past 44 months, we've gone farther and recovered faster than most other advanced nations," he said.

I suppose the president is referring to the fact that his budget for the current fiscal year (FY 2014) projects spending $3.77 trillion -- about $30 billion less than was spent in FY 2013. The savings is due primarily to the budget sequester he opposes. But $3.77 trillion is 18.9 percent more than the $3.17 trillion spent in FY 2008, the last fiscal year for which George W. Bush was fully responsible.

The deficit projected for this fiscal year is $744 trillion, the 5th largest in history. The largest deficits ever were $1.484 trillion in FY 2009, $1.344 trillion in FY 2010, $1.322 trillion in FY 2011, and $1.18 trillion in FY 2012.

The FY 2009 deficit officially is credited to George W. Bush, because he was president when the fiscal year began. But most of the spending -- chiefly the $787 billion "stimulus" bill that didn't stimulate -- was done by President Obama.

The deficit last year, $680 billion, was the sixth largest ever. The Congressional Budget Office forecasts deficits of $430 billion in FY 2015, $476 billion in FY 2016, and $535 billion in FY 2017.

CBO's forecast is optimistic. In just the first 45 days of this fiscal year, $452 billion was added to the national debt. If we keep adding debt at the current pace, the national debt could reach $22 trillion by the end of February. It was $10.6 trillion when Mr. Obama took office.

Fewer new jobs have been added than were lost during the Great Recession (7.9 million). Half the jobs lost during the recession paid middle class wages ($38,000 to $68,000). Only about 2 percent of the jobs added since pay that well. Most of the jobs added this year are part time. This is chiefly a consequence of Obamacare.



Officially, 204,000 jobs were added in October. But the working age population grew by 213,000, so job growth didn't keep pace with population growth. And 932,000 adults left the labor force, the biggest one month decline since 2009. At the end of October, 735,000 fewer Americans had jobs than when the month began.

The average number of jobs gained per month (177,000) is anemic compared to earlier recoveries. During just one month of the Reagan recovery (August 1983) more jobs were created (1.114 million) than were created in the last six months. There have been 11 recessions since WWII. Had the economy grown at just the average rate for every other recovery, ten million more Americans would have jobs.

The official unemployment rate (U3) for October was 7.3 percent. It's never been below 7.2 percent in any month during Barack Obama's presidency, the longest period of sustained high unemployment since the Great Depression.

More than 11 million Americans have stopped looking for work during Mr. Obama's presidency. The labor force participation rate fell in October to 62.8 percent, the lowest since March, 1978. If all discouraged workers and those underemployed were added to the official number, the unemployment rate for October would have been 23.5 percent, calculated John Williams of Shadow Government Statistics.

During the Reagan recovery, the unemployment rate plunged even though labor force participation increased substantially.

This week, the Organization for Economic Cooperation and Development warned sluggish growth in America has become a threat to global recovery.

To recap: Barack Obama has spent far more than any president ever before, to little effect. The Obama "recovery" is the weakest in postwar history. The real unemployment rate is at a level not seen since the Great Depression.

President Obama is chiefly responsible for the largest federal budget deficit ever, entirely responsible for the second, third, fourth, fifth and sixth largest deficits. The national debt will double on his watch.

That's a rather different picture than the portrait of fiscal responsibility he painted Tuesday. And the people he was trying to blow smoke past weren't mathematically challenged 20-something Obamabots who think history began the day they were born. They're business executives who know the real score.

So this attempt to deceive doesn't raise questions about the president's integrity. Those were answered by his Obamacare lies. It raises questions about his sanity.

Every weekday JewishWorldReview.com publishes what many 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.

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

Jack Kelly Archives


© 2013, Jack Kelly

Columnists

Toons

Lifestyles

Quantcast