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May 25, 2012
Mark Clayton: Is Hillary's State Dept. hacking Al Qaeda? Not quite
Erika Bolstad: Temple cancels Wasserman Schultz speech
The Kosher Gourmet by Ethel G. Hofman: The former president of the International Association of Culinary Professionals, whose members included the likes of Julia Child, is back with contemporary Shavous cuisine: Ruby Fruit Soup, Sweet Noodle Kugel with Cheese, Key Lime Curd, Calsone Casserole Frittata with Wild Mushrooms, Sun-dried tomatoes and Olives, Baked Tilapia with Pepper Cheese Cream and Brown Sugar Shortbread
May 24, 2012
Jeff Jacoby: The peace process battered Israel's reputation
Michael Muskal: 'Pro-choice' position hits record low, according to poll
Chris Farrell: Are We in a Tech Bubble?
The Kosher Gourmet by Penelope Wall: PHILLY CHEESE STEAKS --- hold the steak!
May 23, 2012
Tony Pugh: More private colleges offering tuition discounts
Mary Beth Franklin: How to Choose the Right Annuity for You
Tina Susman: The wig wasn't enough: Man gets 13 years for posing as his dead mom
The Kosher Gourmet by Emma Christensen:A simple way to do fish right
May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy?
Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
Mary Pickett, M.D.: Ask the Harvard Experts: Don't be forced into gluten-free lifestyle based merely on a doctor's false-positive test
The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
Warren Richey: Teacher fired for being unwed and pregnant can sue religious school, court rules
Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
Sue Hubbard, M.D.: The Kid's Doctor: Lactose intolerant young child? Check again
The Kosher Gourmet by Kathy Hunt: Spread a Little Excitement with EXOTIC CONDIMENTS (4 RECIPES)
May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
Jessica L. Anderson: Get the Best Deal on a Used Car
Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
Jeff Bertolucci: Get Home Phone Service for Less Than $10 a Month
The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
Nov. 25, 2010
/ 18 Kislev, 5771
President Barack Obama: Job Killer
By
Larry Elder
http://www.JewishWorldReview.com |
President Barack Obama walked into the Oval Office in January 2009 during a severe economic downturn led by a meltdown in housing prices — and promptly made things worse.
By bailing out banks, insurance companies and auto firms — done to a lesser extent by the previous administration — Obama rewarded poor performers and punished their better-managed competitors. Prevented from pouncing on wounded rivals and thus increasing market share or buying the assets of the wounded at fire sale prices, Ford, for example, watched GM and Chrysler get a cash infusion from taxpayers. Despite GM's recent "successful" public offering, taxpayers lost billions of dollars.
Obama and the Democratic congressional supermajorities passed a nearly trillion-dollar economic "stimulus" package and then proceeded to award fiscally irresponsible states with "stimulus" funds, helping postpone the day of reckoning when states must meet their budgets by reducing spending and cutting the size of government. Stimulus supposedly "saved or created" 3.5 million jobs, but it merely succeeded in transferring money from the pockets of producer taxpayers into the pockets of others.
Obama spends billions to "invest" in mythical "green jobs of the future." Investing is the job of the private sector, which uses private funds to produce a product that addresses a need or desire. Success is determined by the willingness of the consumer to pay good money for said product. A bad bet means somebody loses his own money — a possibility that the private investor weighed before he chose to risk his capital.
But government "investments" are driven by politics, with decisions made by bureaucrats operating under rosy scenarios with romantic wish lists. When taxpayer money goes down a rathole — as is far more likely than with privately invested money — nobody gets fired, but the country is impoverished a little bit more.
ObamaCare puts 30 million Americans on the rolls of the medically insured. Since its passage, insurance companies — citing the cost of ObamaCare mandates, rules and regulations — jacked up their premiums and cut coverage. Over 100 waivers have been granted to companies and organizations that, but for these waivers, would have had to drop coverage, increase copays or reduce medical benefits. Nice to have friends in high places.
The AARP, a staunch proponent of ObamaCare, announced a reduction in benefits for its own employees, lest the tax kick in for so-called "Cadillac plans." To "bend the cost curve," ObamaCare promised cuts in Medicare reimbursement. So doctors are dropping their Medicare patients.
The administration signed into law new banking and financial regulations that keep intact the very government agencies that helped precipitate the housing meltdown — Freddie Mac and Fannie Mae. Under policies aimed at allowing everyone with a pulse and a dream to buy a home, these "government-sponsored entities" allowed the players in the housing market — banks, borrowers, investment banks and buyers of "exotic securities" — to play with taxpayer money.
The Obama administration's various government efforts to "keep homeowners in their homes" are floundering, serving only to postpone the necessary market re-pricing of homes that are now worth less than they once were. Cash for Clunkers induced people who were going to buy cars anyway into making their purchases earlier. When the program ended, car buying slumped. The result was more taxpayer dollars removed from the hands of producers and put into the hands of recipients.
The administration, with some Republican support, increased the minimum wage and several times extended unemployment compensation — both well-intended policies, but job killers nonetheless.
Obama promised to raise taxes on the rich, who, under Bush, got tax cuts they "didn't need" and "didn't ask for." So the rich sit on their money, not knowing whether they will be allowed to spend or save or invest it — or whether Washington has other ideas. Most Bush-era tax cuts expire at the end of the year, and if not extended, rates will go up on income, capital gains, dividends and estates.
The recent Republican takeover of the House and loss of the Senate's Democratic supermajority likely mean that the rates will be extended for all — including the dastardly, job-creating rich. But businesspeople cannot plan — and are thus reluctant to hire — until they know whether their taxes are going to increase.
Candidate Obama demagogued against trade agreements that "shipped jobs overseas," and promised to tweak the Bush administration-negotiated treaty with South Korea. According to the U.S. Chamber of Commerce, the pact would create 250,000 jobs in America and it would open up exports to a NAFTA-sized market. But during his recent trip to Asia, Obama failed to get the South Koreans to go along with his changes aimed at benefiting the American auto and beef industries. The South Koreans said no, insisting that they had a deal and that if the U.S. won't do business with them, other countries will.
For two years, Obama has practiced Obamalism: Spread the wealth; redistribute income; punish success; reward ineptitude; and encourage the victicrat-entitlement mentality by making the lack of health insurance the responsibility of others.
Happy Thanksgiving.
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."
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© 2006, Creators Syndicate
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