Donate to JWR

Home
In this issue

July 2, 2009

Rabbi Abraham J. Twerski: The hallmark of a person

Abe Novick: Up, up, and aliya

July 1, 2009

Rabbi Avi Shafran: The Road Taken

The Kosher Gourmet by Marialisa Calta: Get into the holiday spirit with these Star-Spangled desserts

June 30, 2009

Rabbi Binyomin Ginsberg: What makes a great parent?

Caroline B. Glick: Ideologue-in-Chief

June 29, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Beware of 'Caveat Emptor'

Steven Emerson: ACLU pushing for more money for Hamas

June 26, 2009

Rabbi Yoni Posnick: Learn the secret to a healthy marriage from a scriptural villain

Caroline B. Glick: Barack Obama vs. International Law

June 25, 2009

Rabbi Shimon Apisdorf: The Absurd Power of Truth

Jordan "Gorf" Gorfinkle's strip: Everything's Relative

June 24, 2009

Rabbi Yonason Goldson: Advancement of technology is a wake-up call for humanity

The Kosher Gourmet by Andrea Weigl: Summer on a stick: Making frozen treats can be easy, creative and fun

June 23, 2009

Martin M. Bodek: 'On Surnames': And so, We Begin

Caroline B. Glick: The Obama Effect

June 22, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Working for a corrupt firm

N. Richard Greenfield : Where are American Jews?

June 19, 2009

Rabbi Abraham J. Twerski: Emotion v. intellect

Caroline B. Glick: Israel's rare opportunity

June 18, 2009

Jonathan Rosenblum: Sometimes it is more essential to define the nature of evil than good

Jordan "Gorf" Gorfinkle's strip: Everything's Relative

June 17, 2009

Rabbi Yonason Goldson: The Language of Confusion

The Kosher Gourmet by Linda Gassenheimer: Nothing pleases Dad more than a thick, juicy onion-smothered steak. Add home-Baked Potato Chips and …

June 16, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Career v. Careersism

Caroline B. Glick: Obama's losing streak and Israel

Richard Z. Chesnoff: ‘Palestinians’: Never Missing an Opportunity …

June 15, 2009

Israeli Prime Minister Binyamin Netanyahu: How Judea and Samaria can become 'Palestine'

Daniel Pipes: Where Netanyahu's speech failed

June 12, 2009

Rabbi Abraham J. Twerski: Some big thoughts about not acting so big

Caroline B. Glick: Obama's High Commissioner

June 11, 2009

Victor Davis Hanson: Our historically challenged President

Mitch Albom: Beware the True Believers

Lewis Grossberger: What we learn from the new Hitler photos

June 10, 2009

Mort Zuckerman: What Obama and his advisors won't -- or refuse to -- grasp about Israel and the Muslim world

The Kosher Gourmet by Steve Petusevsky Lotsa pasta: Tips, techniques and (amazing) taste

June 9, 2009

Anne Bayefsky: Obama's stunning offense to Israel and the Jewish people

Frank J. Gaffney, Jr.: America's first Muslim president?

June 8, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Merchant must take responsibility for careless shopper?

Mark Steyn: A superpower that feeds on mediocrity cannot survive for long on leftovers from the past

Richard Z. Chesnoff: How do you say 'kumbaya' in Arabic?

June 5, 2009

Rabbi Abraham J. Twerski: In quest of spirituality

Caroline B. Glick: Obama's Arabian dreams

Charles Krauthammer: The Settlements Myth

June 4, 2009

Paul Greenberg: The War Comes to Little Rock

The Kosher Gourmet by Judy Hevrdejs: Splash it on! Tap your inner jazz musician and improvise when stirring up a vinaigrette

June 3, 2009

The Jewish Ethicist by Rabbi Dr. Asher Meir: Q. Should terrible teacher be exposed?

Jonathan Rosenblum: The Israel Lobby: Missing in Action

June 2, 2009

Dennis Prager: The Speech President Obama Won't Dare Give in Egypt

Frank J. Gaffney, Jr.: Pressure on Israel raises war risk

Oct. 29, 2003
Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)

Jewish World Review Dec. 5, 2008 / 8 Kislev 5769

Silver lining in the downturn

By Linda Chavez


Printer Friendly Version
Email this article

http://www.JewishWorldReview.com | It's time we 'fess up: Nobody has any idea how to get us out of the economic mess we're in. The Big Three automakers were on Capitol Hill again this week begging for a bailout. Treasury Secretary Henry M. Paulson is considering direct federal intervention into the mortgage market by subsidizing new loans at very low interest rates. The stock market continues its roller coaster ride, down hundreds of points one day, up hundreds the next. Meanwhile, President-elect Obama waits on the sideline with a financial team made up mostly of old Clinton hands, well respected but with only the traditional federal spending stimulus solution in their bag of fixes. No wonder most Americans are holding onto their wallets.


I've long been an advocate that Americans should save more and spend less on stuff they don't need, especially when it's paid for on high-interest credit cards. And a Christmas shopping trip this week to my local mall suggests a lot of people are doing just that.


Spending on Black Friday was up — 7 percent, according to early estimates — but by the following Tuesday, the Northern Virginia mall I visited was nearly empty. In past years, I've found plenty of company, but this time the stores were nearly deserted. Clerks stood around talking to each other, and there seemed to be fewer salespeople even in the high-end stores. The guy playing the piano in Nordstrom looked lonely; the barista at Starbucks seemed bored with no customers waiting to pay several bucks for a caffeine concoction. Sure, there were big sales signs and lots of tinsel decorations, but it hardly seemed like the holiday season.


Conventional wisdom says this is a bad thing. America's economy, after all, runs on consumer spending. If people aren't buying cars and washing machines, or even new cell phones and Blu-ray players, workers will lose jobs; we'll suffer a longer recession; and life will be more difficult for everyone.


But what if this short-term medicine, bitter though it may be, actually makes people behave more responsibly? Maybe those missing shoppers will pay down their credit card or home equity debt if they spend less on gifts this year. Maybe parents will decide that putting away money for college is better than buying their children that Wii set they've been begging for.


Maybe kids will discover that the newest electronic gadget isn't half as much fun as the real thing. Maybe they'll even decide that throwing a real football in the park is better than watching some digitized Tony Romo complete a pass on their game screen. Who knows, a little financial belt-tightening could result in real-life belt-tightening as kids get off the couch and play off those extra pounds they've put on in the digital age.


I know elected officials — especially the new Democratic crew about to flood Washington — want Americans to get out there and spend. But we may be smarter than our politicians. It is not such a bad thing that everyone is looking to pare back their lifestyles. The path we were on was simply unsustainable in the long run.


Those bigger houses most of us couldn't really afford required more energy to heat and cool, and many of the lots they were built on were farther away from where we worked, requiring longer commutes and more gasoline. We had fewer hours to enjoy our homes because we worked and commuted more hours to pay for them. Worse, we spent less time with our kids and spouses. Do we really want to continue this vicious cycle, buying more but having less time to enjoy what we have?


I don't claim to know what will happen to the economy over the next year — and surely the news right now doesn't look promising. But I do think that if we take better control of our own lives and redirect our individual priorities, we'll be better off in the future. Who knows, scaled-back holiday spending could remind us what the season is all about. Giving of ourselves is more important than handing out store-bought goodies. Time spent with loved ones may be the best gift of all.

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

Insight (Our Columnists)

 Mitch Albom
 Michael Barone
  Dave Barry
 Tony Blankley
 Andy Borowitz
 David Broder
 Stratfor Briefing
 Mona Charen
 Linda Chavez
 Ann Coulter
 Greg Crosby
 Rod Dreher
 Larry Elder
 Suzanne Fields
 John Fund
 Frank J. Gaffney
 Lloyd Garver
 Jonah Goldberg
 Julia Gorin
 Jonathan Gurwitz
 Paul Greenberg
 Lewis Grossberger
 Victor Davis Hanson
 Betsy Hart
 Nat Hentoff
 David Horowitz
 Laura Ingraham
 Paul Johnson
 Jack Kelly
 Ed Koch
 Ch. Krauthammer
 Jonathan Last
 Michael Ledeen
 John Leo
 David Limbaugh
 Kathryn Lopez
 Rich Lowry
 Michelle Malkin
 Jackie Mason
 Dick Morris
 Bill O'Reilly
 Jim Mullen
 Clarence Page
 Kathleen Parker
 Dennis Prager
 Wesley Pruden
 Tom Purcell
 Jonathan Rauch
 Celia Rivenbark
 Robert Robb
 Cokie & Steve Roberts
 Pat Sajak
 Debra J. Saunders
 Culture Shlock
 Roger Simon
 Michael Smerconish
 Thomas Sowell
 Mark Steyn
 John Stossel
 Cal Thomas
 Bob Tyrrell
 Diana West
 Dave Weinbaum
 George Will
 Walter Williams
 Byron York
 Mort Zuckerman

'Toons
 Robert Arial
 Chuck Asay
 Baloo
 Chip Bok
 Dry Bones
  Lisa Benson
 John Branch
 Gary Brookins
 John Cole
 J. D. Crowe
 John Deering
 Brian Duffy
 Everything's Relative
 Mallard Fillmore
 Jake Fuller
 Bob Gorrel
 Joe Heller
 David Hitch
 Jerry Holber
 Steve Kelley
 Jeff Koterba
 Dick Locher
 Chan Lowe
 Ranan R. Lurie
 Jimmy Margulies
 Rick McKee
 Michael Ramirez
 Kevin Siers
 Jeff Stahler
 Ed Stein
 Danna Summers
 John Trever
 Gary Varvel
 Kirk Walters

Lifestyles
 How 2
 Lori Borgman
 The Savvy Consumer
 Elder matters
 Fixit
 Dr. Peter Gott
 Marybeth Hicks
 GET A JOB! by Marty Nemko
 Richard Lederer
 Tech Maven
 Every Monday Matters
 Nutrition Myths
 Bookmark These
 Bruce Williams
 How Stuff Works