In this issue

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 Feb. 23, 2009 / 29 Shevat 5769

It's the content, not the size

By Jack Kelly

Printer Friendly Version
Email this article

http://www.JewishWorldReview.com | It's interesting to speculate how very different history might have been if King George II, who died in 1760, had lived another five years or so.

George II was succeeded by his grandson, George III, who hated granddad and granddad's ministers, in particular William Pitt, arguably Britain's greatest statesman until Winston Churchill. On becoming king, George III replaced them with Tory cronies as limited as he in intelligence and character.

Pitt had guided Britain to victory in the first world war, which Americans called the French and Indian War. When it ended, the American colonies fell deeply into recession. There were no more orders for food for the British army, wood for the British navy or pay for colonial militia.

George III's Tory ministers compounded economic hardship by imposing a series of taxes. Americans railed against the Townshend Acts, the Stamp Act and the tax on tea because of their outrage at being taxed without representation. But much of the outrage was fueled by the real economic hardship the taxes would have imposed.

Pitt — who loved Americans and was loved by them — never would have imposed such taxes. Had he remained in power during this critical period, I think it probable there would not have been an American Revolution.

The connection between depression and war is greater than most people realize. Hard economic times tend to radicalize people, and to turn them towards violence. Hitler never would have ruled Germany, nor Mussolini Italy, if it hadn't been for the Great Depression.

Conservative Republicans are fond of saying it wasn't Franklin Roosevelt's New Deal that ended the Great Depression; it was World War II.

Conservative Republicans are fond of saying this because it is indisputably true. There was a "depression within the Depression" in 1937 and 1938. Unemployment was at 15 percent — double today's figure — in 1940. It wasn't until industrial production was revived by military orders, and unemployed young men were being drafted — that the economy began solidly to grow.

But conservative Republicans rarely reflect on why it was that World War II ended the Great Depression. One who has is economist Bruce Bartlett, a Treasury Department official in the administrations of Ronald Reagan and the first President Bush.

FDR made many mistakes which deepened and prolonged the Depression. But deficit spending — which conservative Republicans then and now criticized — wasn't one of them. FDR should have run much larger deficits, Mr. Bartlett said. When World War II forced him to, the economy recovered.

Deficit spending is bad, conservatives say, because it crowds out private sector borrowing, driving up interest rates and spurring inflation. In normal times, this is true. But in deflationary times — like those in the Great Depression and now — it is not.

What's wrong with the "stimulus" bill President Obama signed Tuesday is not its size — Mr. Bartlett thinks it's too small — but what it's being spent on, and when it will be spent.

The fastest way to inject stimulus into an economy is through tax cuts. That's also the fastest way to build wealth. But there are precious few tax cuts in the porkalooza. Little of the spending in the bill will take place in 2009, which means it will come too late to help when help is needed most.

FDR's public spending left projects of lasting value, like the Triborough bridge in New York and the Muscle Shoals dam in Alabama. But much of the spending in the porkalooza is for entitlement programs, which are a dead weight on the economy, the opposite of a stimulus. The porkalooza is a recipe not for recovery, but for Jimmy Carter-style stagflation.

The American Revolution worked out all right for us, and for the British, too. But poor political leadership in a time of crisis usually has unhappier results. It's important for both liberals and conservatives to get stimulus right, because war is a fearful price to pay for economic recovery.

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 Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration. Comment by clicking here.

Jack Kelly Archives

© 2008, Jack Kelly