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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 Sept. 9, 2010 / 29 Elul, 5770

Time Magazine: Listen Up, Dummies! Obama's Stimulus ‘Clearly Helped’

By Larry Elder



http://www.JewishWorldReview.com | Americans, says Time magazine, are too dumb to appreciate the wonders of President Barack Obama's $787 billion "stimulus" package.

Gobsmacked by polls that show Americans don't believe government is smart enough to take money from taxpayers and give it to those it considers deserving, Time says: Voters tell "pollsters that even programs that have clearly helped (emphasis added) the economy, like the $787 billion stimulus, did no such thing."

"Clearly helped the economy"?

High-school science teachers say extraordinary claims require extraordinary proof. Where's the proof?

With the economy, we cannot conduct a "controlled experiment." For this, we would need two Americas -- one where Obama signed the stimulus and one where he didn't. If the stimulus economy produced more jobs than the non-stimulus one, then the stimulus "clearly worked."

Obama, through ObamaCare, increased taxes. With new regulations, he has increased the costs of doing business. And he has gone on an unprecedented spending binge, which has dramatically increased the annual deficit and the national debt.

Nearly two years under Obamanomics and its centerpiece $787 billion stimulus, unemployment has climbed and remains stuck at almost 10 percent, with more long-term unemployed jobseekers than at any time since the Great Depression.

Would we have been "clearly" worse off without the stimulus? Apart from our own common sense, we are left with historical examples and expert opinion.

Let's look at historical examples.

President Reagan, in the early '80s, inherited an economy with 13.5 percent inflation, 21 percent prime interest rates, and an unemployment rate that reached 10.8 percent. He addressed this by doing the opposite of what Obama has done. Reagan sharply lowered taxes, dropping the top marginal rate from 70 percent to 28 percent. He slowed the rate of domestic spending. And he continued the deregulation policies of President Carter. Interest rates fell; inflation declined; and unemployment, after nearly two years, started dropping.

President Franklin D. Roosevelt, during the Great Depression, continued the tax-hiking policies of his predecessor. Federal spending soared. The result? Unemployment during the Depression reached 25 percent and remained stuck in the teens until World War II. The subsequent destruction of foreign economies, which America helped rebuild, sparked a domestic boom. The dismantling of ill-advised worldwide trade barriers also helped.

FDR's secretary of Treasury, Henry Morgenthau, who served from 1934 to 1945, wrote in 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this administration we have just as much unemployment as when we started … and an enormous debt to boot!"

What about the "stimulus worked" experts?

In a study widely cited by the stimulus-supporting media, economists Alan Blinder and Mark Zandi wrote: "We estimate that, without the government's response, GDP in 2010 would be about 11.5 percent lower, payroll employment would be less by some 8 1/2 million jobs, and the nation would now be experiencing deflation."

Case closed? Hardly.

Blinder is a liberal Princeton economist who advised President Bill Clinton and presidential candidates Al Gore and John Kerry. House Democrats happily call Zandi -- with whom they agree and who advised presidential candidate John McCain -- a "conservative Republican economist." Democrats say that if a "conservative Republican economist" says the stimulus worked, why, it must be true! Except Zandi himself says, "I'm a Democrat." Oops.

Zandi explains: "I didn't view (McCain) as a Republican or Democrat." Exactly. Neither did many Republicans. He continues, "I thought he was a very earnest fellow who was willing to take positions that were right but weren't necessarily popular." That's right. "Maverick" John initially opposed the Bush tax cuts because they "benefited the rich." Why, among many other reasons, do you think most Republicans wanted someone else?

Here's the deal. Most economists in academia, where the media go for quotes, are lefties.

In 2001, American Enterprise looked at the political party registrations of faculty in a cross section of big and small colleges, both public and private, in all regions of the country. In every college and university surveyed, liberals in the economics departments vastly outnumbered conservatives. At Harvard, 15 econ faculty members belonged to the Democratic or other left-wing party, and only one was a Republican or libertarian. At Stanford, 21 were "left" and seven "right." At Syracuse University, 15 were left, one right.

NPR interviewed both Zandi and Stanford economist John Taylor about Zandi's study. Taylor said, "I just don't think there's any evidence. When you look at the numbers, when you see what happened, when people reacted to the stimulus, it did very little good."

Is it unfair to be skeptical of the opinions of left-wing economists -- just because they're left-wing? Not if you agree that a) conservatives believe what they see and b) liberals see what they believe.

Clear enough for you?

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)

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© 2006, Creators Syndicate

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