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 May 10, 2012/ 18 Iyar, 5772

Obama-Loving Media Spin the Economy

By Larry Elder



http://www.JewishWorldReview.com | National Public Radio's Kai Ryssdal recently talked about the weak economy. His guests, two reporters from The Washington Post and The New York Times, acknowledged the obvious — that the economy is underperforming.

Yet, in the 20 minutes of my sitting and listening in the car in bad Los Angeles traffic, I heard no one mention the words "President Barack Obama."

Time magazine, in a cover story on the economy, called the current economic recovery a "97-pound weakling." It informs us that our sluggish economy is now driven by broad, virtually uncontrollable worldwide economic trends. Only once in this lengthy article did Time mention Obama — and only to say that Republican presidential challenger Mitt Romney "plans to use the economy as a hammer against President Obama."

That's it. The President, Mr. Hope-and-Change, you see, is powerless to do anything about the economy. None of that "the buck stops here" stuff for him.

Investor's Business Daily writes that our neighbor up north sees things differently: "The Obama administration and its economic czars have flailed about for years, baffled about how to get the U.S. economy growing. In reality, the president need look no further than our neighbor, Canada, whose solid growth is the product of tax cuts, fiscal discipline, free trade and energy development. That's made Canada a roaring puma nation, while its supposedly more powerful southern neighbor stands on the outside looking in."

Canadian Finance Minister Jim Flaherty said: "Creating jobs and growth in our economy is our top propriety. ... We are creating the conditions for businesses to successfully compete in the global economy by investing in Canada and creating jobs and growth for all Canadians. Through our government's low-tax plan ... we are continuing to send the message that Canada is open for business and the best place to invest."

What about the economies of our 50 states? If Obama is powerless to do anything about the economy, surely the states alone are at least as impotent?

But low-tax states outperform high-tax states. Seven states have no personal income taxes (PIT) — Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two states tax only income on interest and dividends — New Hampshire and Tennessee. The average state and local revenue growth of these nine states from 2000 to 2009 was 81.53 percent.

Average revenue growth in the nine states with the highest PIT rates — Ohio, Maine, Maryland, Vermont, New Jersey, California, Oregon, Hawaii and New York — was 44.88 percent. Similarly, gross state product growth from 2001 to 2010 averaged 58.54 percent in the nine states with no PIT versus 42.06 in the nine states with the highest PIT rates.

Remember, our leftist president once told ABC's Charlie Gibson that he wants to raise capital gains taxes — even though Obama conceded that historically higher capital taxes lead to less revenue. Then why raise rates at all, asked Gibson. "For purposes of fairness," said then-Sen. Obama.

This is a president determined to "spread the wealth" to deal with "the gap" between the top 1 percent and the bottom 99 percent. To the Occupy Wall Street protestors, this is a president who said, "You are the reason I ran for office." This is a president who said, "I do think at some point you've made enough money."

This is a president who blames the Wall Street/housing meltdown on greed. As the see-no-Obama-on-the-economy Time magazine article puts it: "We got into the housing mess because we used our homes like ATMs to cover up the fact that neither incomes nor jobs have grown as much as they should have in the past two decades. It was a myth we all bought into, from the policymakers who pushed the idea of an ownership society fueled by debt to interest-rate-lowering central bankers who kept the music playing to individuals who took the mortgages they knew they couldn't afford."

This is the Obama version of events. Greed. Lack of oversight. Government policy had nothing to do with it. Banks just suddenly and for no reason started lending money to people they knew could not afford their mortgages.

Time magazine makes no mention about the central role played by laws like the Community Reinvestment Act. Nothing about the government-built and government-supported behemoths Freddie Mac and Fannie Mae, which changed the rules so that "underrepresented" borrowers could buy a home, too. The government told lenders to lend to high-risk borrowers — or else. What, or else? The government actually threatened fines and held up prudent bank mergers if one or both sides did not sufficiently "lend" to borrowers who, under normal circumstances, failed to qualify.

NPR, however, took the pretzel-twisting in defense of Obama to an even higher level. When the disappointing first quarter numbers came in, NPR's Scott Neuman actually asked this question: "Common sense says high growth rates are good and slower, more modest ones are not so good. But is that always the case? After all, the 'irrational exuberance' of the early 2000s helped bring on the recession, as people borrowed and spent their way to prosperity."

So bad economic news is actually good economic news. Four more years!

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 Larry Elder is the author of, most recently, "Stupid Black Men: How to Play the Race Card--and Lose." (Proceeds from sales help fund JWR)

Let him know what you think of his column by clicking here.

Larry Elder Archives

© 2006, Creators Syndicate

Columnists

Toons

Lifestyles