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Feb. 8, 2013

Rabbi Berel Wein: Lofty ideals must be followed with grounded applications

Clifford D. May: Letter from the West Bank
Steve Rothaus: Judge OKs plan for gay man, lesbian couple to be on girl's birth certificate
Gloria Goodale: States consider drone bans: Overreaction or crucial for privacy rights?
Environmental Nutrition Editors: Don't buy the aloe vera juice hype
Michael Craig Miller, M.D.: Harvard Experts: Regular exercise pumps up memory, too
Erik Lacitis: Vanity plates: Some take too much license
The Kosher Gourmet by Susie Middleton: Broccoflower, Carrot and Leek Ragout with Thyme, Orange and Tapenade is a delightful and satisfying melange of veggies, herbs and aromatics
Feb. 6, 2013

Nara Schoenberg: The other in-law problem

Frank J. Gaffney Jr. : A see-no-jihadist for the CIA
Kristen Chick: Ahmadinejad visits Cairo: How sect tempers Islamist ties between Egypt, Iran
Roger Simon: Ed Koch's lucky corner
Heron Marquez Estrada: Robot-building sports on a roll
Patrick G. Dean, M.D.: Mayo Clinic Medical Edge: How to restore body's ability to secrete insulin
Sharon Palmer, R.D.: 3 prostate-protecting diet tips
The Kosher Gourmet by Emma Christensen 7 principles for to help you make the best soup ever in a slow cooker
Feb. 4, 2013

Jonathan Tobin: Can Jewish Groups Speak Out on Hagel?

David Wren: Findings of government study, released 3 days before Newtown shooting, at odds with gun-control crusaders
Kristen Chick: Tahrir becomes terrifying, tainted
Curtis Tate and Greg Gordon: US keeps building new highways while letting old ones crumble
David G. Savage: Supreme Court to hear case on arrests, DNA
Harvard Health Letters: Neck and shoulder pain? Know what it means and what to do
Andrea N. Giancoli, M.P.H., R.D.: Eat your way to preventing age-related muscle loss
The Kosher Gourmet by Diane Rossen Worthington Baked Pears in Red Wine and Port Wine Glaze: A festive winter dessert
Feb. 1, 2013

Rabbi Dr. Tzvi Hersh Weinreb: Redemption

Clifford D. May Home, bloody, home
Christa Case Bryant andNicholas Blanford Why despite Syria's allies warning of retaliation for Israeli airstrikes, the threats are likely hollow
Rick Armon, Ed Meyer and Phil Trexler Ex-police captain cleared by DNA test is freed after nearly 15 years
Harvard Health Letters: Could it by your thyroid?
Sharon Palmer, R.D.: When 'healthy food' isn't
Sue Zeidler: Coke ad racist? Arab-American groups want to yank Super Bowl ad (INCLUDES VIDEO)
The Kosher Gourmet by Nealey Dozier The secret of this soup is the garnish
January 30, 2013

Allan Chernoff: Celebrating 'Back from the Dead Day'

America isn't a religious country? Don't tell Superbowl fans!
Mark Clayton Cybercrime takedown!
Germany remembers Hitler rise to power
Israel salutes U. N. --- with the one finger salute
Sharon Palmer, R.D.: Get cookin' with heart-healthy fats
Ballot riles Guinness World Records
The Kosher Gourmet by Elizabeth Passarella Potato, Squash and Goat Cheese Gratin
January 28, 2013

Nancy Youssef: And Democracy for all? Two years on, Egypt remains in state of chaos

Fred Weir: Putin: West is fomenting jihadi 'blowback'
Meredith Cohn: Implantable pain disk may help those with cancer
Michael Craig Miller, M.D. : Ask the Harvard Experts: Are there drugs to help control binge eating?
David Ovalle Use of controversial 'brain mapping' technology stymied
Jane Stancill: Professor's logic class has 180,000 friends
David Clark Scott Lego Racism?
The Kosher Gourmet by Mario Batali The celebrated chef introduces us to PANZEROTTI PUGLIESI, cheese-stuffed pastry from Italy's south


Jewish World Review July 17, 2009 / 25 Tamuz 5769

The Price of Leaving the Details to Congress

By Michael Barone


Printer Friendly Version



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.

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.

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




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