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February 10, 2012
Lisa M. Krieger: Man with defibrillator demands access to his own heart's information
David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
February 9, 2012
Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
February 8, 2012
Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
Caroline B. Glick: Obama: Of course I intend to prevent a nuclear holocaust . . . in a few months
Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
March 13, 2009
/ 17 Adar 5769
Obama's Messiah complex
By
Linda Chavez
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http://www.JewishWorldReview.com |
President Obama reminds me of the fellow who's off to save the world
while he ignores the disaster in his own backyard. Instead of focusing
on the urgent problems facing the country the credit crisis and the
collapse of the housing market he's diverting scarce resources and
attention to solving health care, reforming education, and stopping
global climate change. Worse, his efforts to tackle these intractable
issues involve fiscal policies that exacerbate the current financial
crisis. He is not only driving the deficit up to unsustainable heights,
his policies will amount to a huge tax on all Americans.
President Obama claims he's only going to raise taxes on the wealthiest
Americans. But even if his tax-the-rich scheme didn't depress investment
and slow growth which it will there are other ways government
policies, in effect, tax individuals. Government also imposes tax
increases indirectly on individuals through policies that encourage
businesses to raise prices paid by everyone.
Most companies operate on relatively thin profit margins; the corporate average has
been about 8.5 percent since 1980. Those margins stay relatively constant because
capitalism works. If a company's profits get too high, a smart competitor comes in
and starts a rival business that makes the same product for less, and the greedy
company loses customers.
But what happens when government taxes all businesses or even a
select group of companies? If the company's profits decline, the company
might reasonably respond by laying off workers or reducing capital
outlays to cut costs. That's not exactly what we'd like to see at a time
of skyrocketing unemployment, declining construction, and decreasing
manufacturing orders. The alternative for most businesses is simply to
pass on the increased costs to the consumer.
That is exactly what will happen if President Obama's cap-and-trade
policy on greenhouse emissions is enacted by Congress. The president
wants to impose stricter pollution controls on carbon emissions and
allow companies that can't meet those regulations to purchase the right
to pollute more through a government auction, with the money flowing
into the federal budget.
But how will energy companies pay for what is really a new government
tax? By passing it on to their consumers, of course. And unlike other
businesses, where competition can help control costs, there isn't much
competition in the utilities world. Most of us have few choices when it
comes to purchasing electricity or natural gas. We're pretty much
captives of our geography, so we won't have a choice about choosing a
more efficient, less polluting electricity company if President Obama
gets his way on cap-and-trade legislation.
The Congressional Budget Office estimates that cutting carbon emissions
by 15 percent would result in a huge cost to most Americans. According
to CBO's analysis as reported on the Wall Street Journal editorial page
March 9, the plan would cost the bottom 20 percent of households 3.3
percent of their entire after-tax incomes every year, or about $680,
while those in the next three quintiles would pay between $880 and
$1,500 a year in extra energy costs.
This is exactly the wrong thing to do, and the worst time to do it. The
president ought to get over his messiah complex. He's not going to slow
the rise of the oceans, as he promised in June when he clinched the
Democratic presidential nomination. What the country needs now is not
grand schemes to redistribute wealth and provide all Americans
cradle-to-grave education and health care at government expense. We
don't even need someone to find a way to keep all those homeowners
facing foreclosure in their homes. Sadly, the housing bubble has burst
and everyone is going to suffer, especially those who couldn't afford
the homes they bought in the first place.
What we need now is someone who can figure out what actions the
government can and should take to unfreeze credit. If President Obama
fixes that, he'll be miracle worker enough.
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.
JWR contributor Linda Chavez is President of the Center for Equal Opportunity. Her latest book is "Betrayal: How Union Bosses Shake Down Their Members and Corrupt American Politics". (Click HERE to purchase. Sales help fund JWR.)
Linda Chavez Archives
© 2006, Creators Syndicate
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