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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 March 8, 2010 / 22 Adar 5770

Big Business Is, Simply, Vampiric

By Jonah Goldberg




http://www.JewishWorldReview.com | "Wall Street shifting toward Republicans," blared a front-page headline in The Washington Post last week. "Commercial banks and high-flying investment firms have shifted their political contributions toward Republicans in recent months amid harsh rhetoric from Democrats about fat bank profits, generous bonuses and stingy lending policies on Wall Street," the Post announced, making it sound as if the sinister forces of corporate reaction were punishing the brave reformer in the White House. After all, Barack "Teddy Roosevelt" Obama assailed Wall Street bonuses for "fat cats" and has promised tax increases for the wealthy, in the name of spreading the wealth.


Except there's one datum, mentioned but not explored in the article that doesn't quite fit this story line: Wall Street is still giving more money to the Democrats. "The wealthy securities and investment industry ... went from giving 2 to 1 to Democrats at the start of 2009 to providing almost half of its donations to Republicans by the end of the year," the Post reports.


Almost half. That's another way of saying that the allegedly vindictive Wall Street fat cats are still giving more than half of their political donations to Democrats, also known as the party in power.


It turns out that's what most big businesses and fat cats do: back the winner. And that's probably the best explanation for why the Republicans are getting more money from Wall Street these days. Everyone agrees that the GOP is poised to make huge gains in the House and Senate, conceivably taking one or both chambers. Scott Brown's victory in the Massachusetts Senate race also took away the Democrats' supermajority. As several lobbyists have explained to me, just as a matter of political math, the Republicans matter now. When Senate Democrats had all the power, lobbyists had to give more money to Democrats. Now that the equation has tilted back toward the center, giving has become more evenhanded.


No doubt, with populist prairie fires raging across the political landscape, the White House hardly regrets being cast as the enemy of "special interests" and beady-eyed bankers who look like Mr. Monopoly. But the truth of the matter is a bit different.


It's worth remembering that Obama was the preferred candidate of Wall Street, and the industry gave to Democrats by a 2-1 margin at the beginning of last year. The top business donor to Democrats in 2008 was Goldman Sachs, and nearly 75 cents out of every dollar of Goldman's political donations from 2006 to 2008 went to Democrats. Few can gainsay the investment, given how well Goldman Sachs has done under the Obama administration.

Letter from JWR publisher


It's not just Wall Street. Obama led in fundraising from most big business sectors, according to the Center for Responsive Politics. Aside from the desire to back the winner, and the cultural liberalness of East and West Coast plutocrats, why did Obama get so much support from precisely the constituency he demonizes?


Because it was good business. A host of big corporations bet that the much-vaunted Obama era would materialize. For instance, nearly 30 major corporations and environmental groups invested in Obama's promise to force the American economy into a new cap-and-trade system via the United States Climate Action Partnership (CAP).


Whatever the benefits of such a scheme for the economy and environment as a whole, these corporations, led by General Electric, were looking simply to cash in on government policies. GE, which makes many wind, solar and nuclear doodads that would be profitable under "cap-and-trade," was poised to make billions if Obama succeeded in seizing control of the "carbon economy." GE is still protecting its bet, but after the failure in Copenhagen, the "climategate" scandals and perhaps most significantly, that implosion of Obama's new progressive era, several heavyweights -- Caterpillar, BP and ConocoPhillips -- have pulled out of CAP, with rumors that more will follow. There are similar rumblings of discontent within the ranks of PhRMA, the trade association for the pharmaceutical industry, which had cut an $80 billion deal with the White House last year for its support of ObamaCare, only to see the whole thing unravel.


The lesson here is fairly simple: Big business is not "right wing," it's vampiric. It will pursue any opportunity to make a big profit at little risk. Getting in bed with politicians is increasingly the safest investment for these "crony capitalists." But only if the politicians can actually deliver. The political failures of the Obama White House have translated into business failures for firms more eager to make money off taxpayers instead of consumers.


That's good news. The bad news will be if the Republicans once again opt to be the cheap dates of big business. For years, the GOP defended big business in the spirit of free enterprise while businesses never showed much interest in the principle themselves. Now that their bet on the Democrats has crapped out, it'd be nice if they stopped trying to game the system and focused instead on satisfying the consumer.

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