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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 August 23, 2009 3 Elul 5769

Obama's State Capitalism

By George Will



http://www.JewishWorldReview.com | As memories of the Cold War fade, like photographs bleached by sunlight, few remember the Brezhnev Doctrine. It was enunciated by Leonid Brezhnev in Warsaw in November 1968 as a retrospective justification for the Soviet-led invasion of Prague the previous August by Warsaw Pact forces to halt Czechoslovakia's liberalization. The doctrine was supposed to guarantee that history would be directional, controlled by a leftward-clicking ratchet. It asserted a Soviet right to intervene to protect socialism wherever it was imposed.


We are already testing whether President Obama and other statists who have given his administration and this Congress their ideological cast have a doctrine analogous to Brezhnev's. Having aggressively, even promiscuously, blurred the distinction between public and private sectors with improvised and largely unauthorized interventions in the economy, will they ever countenance a retreat of the state? Or do they have an aspiration that they dare not speak? Do they hope that state capitalism will be irreversible — that wherever government has asserted the primacy of politics, the primacy will be permanent?


They say not, but they say many things that they probably do not believe. (That a government-run "public option" health insurance would not extinguish or even harm private insurance; that cap-and-trade carbon regulations will raise energy costs without injuring the economy; that taxing Peter to subsidize Paul's purchase of a new car is a sound basis for economic growth; that an 85 percent unspent stimulus has routed the recession, etc.) Two legislative proposals are revealing the administration's real intentions regarding government ownership of companies.


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The Auto Stock for Every Taxpayer Act drafted by Sen. Lamar Alexander, a Tennessee Republican, would have required the Treasury Department to distribute to individual taxpayers — evenly, to the approximately 120 million who filed 2008 returns — all the stock the government holds in General Motors (61 percent) and Chrysler (8 percent). The legislation also would have prohibited using any more Troubled Assets Relief Program funds for GM or Chrysler. And the legislation would have prevented government from influencing corporate decisions for social, energy or environmental policy purposes.


Last month the Senate rejected this legislation 59 to 38. Only one Democrat voted for it.


There remains, however, the TARP Recipient Ownership Trust Act, introduced by Sen. Bob Corker, another Tennessee Republican, and Sen. Mark Warner, a Virginia Democrat. It says that when the government owns more than 20 percent of a company (today, AIG, Citigroup and GM), that stake will be controlled by an independent trust administered by three unpaid trustees appointed by the president. The trust would have two primary responsibilities.


One would be to guarantee that the companies are run not as political pawns but as profit-making entities seeking to maximize shareholder value. As Alexander notes, "there are at least 60 congressional committees and subcommittees authorized to hold hearings on auto companies and most of them will, probably many times." Another responsibility would be to divest the government's ownership stake by Dec. 24, 2011, thereby giving friends of private enterprise a merry Christmas. That, however, would be a lump of coal in the stockings of many giddy people in today's Washington.


Even more than the New Deal and the Great Society, Obama's agenda expresses the mentality of a class that was nascent in the 1930s but burgeoned in the 1960s and 1970s. The spirit of that class is described in Saul Bellow's 1975 novel "Humboldt's Gift." In it Bellow wrote that the modern age began when a particular class of people decided, excitedly, that life had "lost the ability to arrange itself":


"It had to be arranged. Intellectuals took this as their job. …This arranging has been the one great gorgeous tantalizing misleading disastrous project. A man like Humboldt, inspired, shrewd, nutty, was brimming over with the discovery that the human enterprise, so grand and infinitely varied, had now to be managed by exceptional persons. He was an exceptional person, therefore he was an eligible candidate for power." So, shrewd and nutty people such as Rep. Barney Frank are brimful of excitement about arranging American life. What will stop them? The president accurately says Americans are "reluctant shareholders" of GM, AIG and Citigroup. But is he?


If the Corker-Warner legislation is defeated, as Alexander's bill was, on an essentially party-line vote, this will be redundant proof that Obama's professed reluctance is fictitious. If it is, then what is real is what the Democratic left desires, an Obama Doctrine that says the trumpet of state capitalism — capital increasingly controlled from Capitol Hill and the Treasury Department — will never sound retreat.


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George Will's latest book is "With a Happy Eye but: America and the World, 1997-2002" to purchase a copy, click here. Comment on this column by clicking here.

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