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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 July 17, 2009 / 25 Tamuz 5769

The Price of Leaving the Details to Congress

By Michael Barone




http://www.JewishWorldReview.com | "Never let a crisis go to waste," Barack Obama's Chief of Staff Rahm Emanuel said last November. The crisis he referred to was economic: the financial collapse and the rapidly deepening recession. The opportunity it presented, for Obama and Emanuel, was to vastly expand the size and scope of the federal government through cap-and-trade and health-care legislation.


The administration has arguably handled the financial collapse competently: Banks are operating, and the financial markets have been unfrozen. It has had less success in addressing the recession. The $787 billion stimulus package passed in February, we were told, would hold unemployment down to 8 percent. It reached 9.5 percent in June, and economists of all political stripes believe it will rise further.


This was predictable — and widely predicted. Obama let congressional appropriators write the stimulus package, and they larded it with pet projects that won't come on line for years. Immediate deficit dollars were channeled to state and local governments, to insulate public employee unions from the sharp edges of the recession. Obama might have set down markers to Congress, insisting that a larger share of funds be spent much sooner. He declined to do so.


Now he's paying a price. He is deferring again to congressional leaders on fashioning the cap-and-trade bills, and the process is not going well. The cap-and-trade bill has been delayed in the Senate, and senators and congressmen are struggling to reduce the cost of their various health-care bills below the trillion dollar level.


Polls show voters concerned about the prospect of the national debt doubling from about 40 percent to about 80 percent of gross domestic product. And they're increasingly open to the argument that it would be folly to entrust our energy and health-care sectors to the folks who wrote the stimulus package.


There's a contrast here with another president who came to office amid an economic crisis and who instituted vast changes in public policy, Franklin Roosevelt. FDR started off by addressing the economic crisis — a dangerous downward deflationary spiral — and didn't leave the details to Congress.


He took the nation off the gold standard, a step that economic historians Allen Meltzer and Ben Bernanke have argued was necessary to economic recovery in every nation in the 1930s. For a time, he even set the price of gold himself every morning.


His second major progam was the National Recovery Act, in which Congress delegated extensive power to the executive branch. This was a cockamamie scheme as long-term policy: The NRA set up 700-plus industry codes setting minimum prices and minimum wages. These resulted in cartel-like collusion by competitors, by demands for and receipt of exceptions from the rules by politically adept constituencies, by widespread evasions of the rules.


By the time the Supreme Court unanimously declared the NRA unconstitutional in May 1935, it was widely unpopular and facing uncertain prospects for renewal in Congress. But in the short run, the shock therapy worked. The deflationary downward spiral of wages and prices was stopped. The economy was growing again, and the political way was open for Roosevelt to institute left-wing policies like steeply progressive tax rates, Social Security and the pro-union Wagner Act, all passed in later 1935. Roosevelt had advantages Obama lacks. He came to the White House with far more experience. He had been a sub-Cabinet official for eight years and a war minister in World War I. He had been governor of New York — a considerably more demanding job than answering Senate roll calls — for four difficult years. He was widely acquainted with leading people in finance and business. Heck, he had even been married in the White House, in 1904.


In addition, Roosevelt faced a different Congress. A majority of House members elected in 1932 were freshmen — the only time this has been the case since 1898. Committee chairmen were new to their jobs and had not accumulated long wish lists of pet projects and large retinues of lobbyists, ex-staffers and campaign contributors.


Obama faces a Democratic Congress with experienced and, in most cases, competent leaders who have been around a long time and have long wish lists and enormous retinues. Deferring to them on the stimulus seemed like smart politics. But nothing is free in politics — the only question is when you pay the price. Obama and the Democrats seem to be paying it now.

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JWR contributor Michael Barone is senior political analyst for The Washington Examiner.




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