ECONOMICS

The View From Israel

The country's central banker on Ben Bernanke and the global economic crisis.

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  • Posted By: Nowforsomemoretruth @ 11/02/2008 4:16:31 PM

    Kelo v. City of New London, 545 U.S. 469 (2005),
    What does redistributive mean. Well, remember that it was the liberal Left-Wing Justices of the U.S. Supreme Court that brought us this little jewel, holding that the government could take your real property, like your home, not for public use like a road or school, but to give to another private individual, such as a political contributor or other party hack or interest group.
    Kelo v. City of New London, 545 U.S. 469 (2005), was a case decided by the Supreme Court of the United States involving the use of eminent domain to transfer land from one private owner to another to further economic development. The case arose from the condemnation by New London, Connecticut, of privately owned real property so that it could be used as part of a comprehensive redevelopment plan. The Court held in a 5-4 decision that the general benefits a community enjoyed from economic growth qualified such redevelopment plans as a permissible "public use" under the Takings Clause of the Fifth Amendment. Justice John Paul Stevens wrote the majority opinion; he was joined by Justices Anthony Kennedy, David Souter, Ruth Bader Ginsburg and Stephen Breyer
    The decision was widely criticized by American politicians and the general public. Many members of the general public viewed the outcome as a gross violation of property rights and as a misinterpretation of the Fifth Amendment, the consequence of which would be to benefit large corporations at the expense of individual homeowners and local communities. Some in the legal profession construe the public's outrage as being directed not at the interpretation of legal principles involved in the case, but at the broad moral principles of the general outcome.
    http://en.wikipedia.org/wiki/Kelo_v._City_of_New_London

  • Posted By: ObamaYesWeCan @ 11/01/2008 5:28:33 PM

    This moronic scumbag Samuel J. Wurzelbacher "Joe the Plumber" had his AZ driver license suspended

    http://www.eastvalleytribune.com/story/128323

    Wurzelbacher, who lived in Mesa in 2000 and had an Arizona driver's license, had his driver's license suspended by the Arizona Department of Transportation Motor Vehicle Division on May 4, 2000, following a nonpayment of a court-imposed fine for civil traffic violations, according to court records.

    ...owes nearly $1,200 in back taxes, according to public records, still owes more than $700 to the Mesa court system.

    Records show he was cited for failure to stop at a red light and for failure to provide proof of insurance on Feb. 9, 2000, in a black Dodge truck at the intersection of Dobson and Baseline roads in Mesa.

    After failing to pay his original fine of $627.50 issued in March 2000, his license was suspended and the fine was handed over to a collection agency along with a 16 percent surcharge. The now-resident of Holland, Ohio, still owes $727.90 to the Mesa Municipal Court, according to court records.


    Hopefully the collection agency will break both of his legs so he'll never be able to walk nor work ever again. This typical Republican scumbag deserves it.

  • Posted By: Vote Now @ 11/01/2008 2:21:01 PM

    Sarah palin when asked about becoming vp responded

    "As for that VP talk all the time, I tell you, I still can't answer that question until somebody answers for me, 'what is it exactly that the VP does every day......"

    After she had been the nominee for around 2 months she was asked again and this time said

    [T]hey???re in charge of the U.S. Senate so if they want to they can really get in there with the senators and make a lot of good policy changes that will make life better for Brandon and his family and his classroom.

    If she doenst know what the vice pres or presidant does why would we give her the job

    mccain has around a 40 percent chance because of his age in not being able to

    complete his term

    picking palin was about as smart as picking any other mrs alaska contestant

    let send her back to the north

    elect obama biden now

  • Posted By: wendydk @ 11/01/2008 1:43:30 PM

    Jesse Jackson is no friend of the Jews (hymie-town) and no friend of Barack Obama (He???s talking down to black people. I wanna cut his nuts off.). As reported in The Washington Post, Jackson has not been asked to serve as an Obama surrogate, has not been asked to campaign jointly with him, and was given no role at the Democratic National Convention for the first time in decades and was not asked to endorse Obama.

    And yet, for some inexplicable reason, Obama detractors would have us believe that Jackson is accurately describing Obamas policies and beliefs when he yet again puts his foot in his mouth and says something stupid, boneheaded, and completely detached from reality.

    Why should we take seriously anything that Jesse Jackson has to say about Barack Obama? Frankly, the only thing the two men have in common is the color of their skin.

    And, as Jeffrey Goldberg recently so eloquently put it, -So, all you rumor-mongering, fever-headed Jewish conspiracists, it becomes obvious that what you fear is not Israels destruction, but the presence of an African-American in the White House. -

    www.JewsForObama.com

  • Posted By: Nowforsomemoretruth @ 11/01/2008 12:56:19 PM

    Now that we know Obama has PLO buddies, no thanks to the LA Times, looks like maybe Jesse Jackson knows a good bit more about Obama's politics than the national media does, or JewsForObama for that matter.
    "Press Releases
    AJC Strongly Condemns Rev. Jesse Jacksons Comment on American Jews
    October 14, 2008 - New York - The American Jewish Committee (AJC) has condemned the Rev. Jesse Jackson's statement about "Zionists who have controlled American policy for decades."
    "Rev. Jackson's remarks, which appeared in an interview with the journalist Amir Taheri in today's New York Post, echo classic anti-Semitic conspiracy theories about Jewish power," said AJC Executive Director David A. Harris. "This statement, regrettably, is not the first troubling comment by Rev. Jackson regarding Israel, Zionism and the Jewish people.
    Arguing as a private citizen that an Obama administration could bring significant change to U.S. foreign policy, Jackson was quoted as saying that "Zionists who have controlled American policy for decades" would lose much of their influence should Senator Obama be elected president."
    http://www.ajc.org/site/apps/nlnet/content2.aspx?c=ijITI2PHKoG&b=849241&ct=6107743
    Isn't this the same Democrat leader who once called New York "Hymietown" ?

  • Posted By: wendydk @ 10/31/2008 4:08:38 PM

    Jewish Americans throughout the country have joined together in support of Barack Obama for President. He shares our values and our belief in the virtually unlimited potential for Americans and America to do good in the world. Obama???s vision for America is our vision as well.

    The American Jewish community has always been civically engaged in improving the country and repairing the world. We have waited many years to be able to vote for a President who truly represents us. Barack Obama???s positions on social justice, civil rights, the environment, immigration, and helping the downtrodden truly exemplify Jewish values. His nuanced position on abortion parallels the traditional Jewish view. Throughout his career, he has been a strong supporter of Israel and has repeatedly and publicly spoken out against anti-semitism. Obama will be a great President for us and for all Americans!

    We, the creators of Jews For Obama, are volunteers, neither affiliated with nor paid by the Obama campaign. Each of us has spent many hours examining Obama???s background, experience, qualifications, record, and policy proposals. We deeply believe that Barack Obama is the right leader for America.

    www.JewsForObama.com

  • Posted By: busby @ 10/31/2008 1:06:29 PM

    American No. 1. Of course, Israel thinks of herself and her citizens first just like the US and any other country is supposed to do. If she spies on America maybe it is because she is well aware of the hypocritical anti-semites that crawl out from under the woodwork to voice their viruent opinions. All loan monies that are paid to Israel are returned to the US in the form of purchases of defense weaponry. Can you say the same about Egypt, the next largest beneficiary to Israel? (Remember Atta?) Some people can't handle Jews defending themselves. The US accepted israel's explanation of the Liberty - so bad you can't. Sure don't hear you complaining about the Koreans taking one of our ships and holding men and officers prisoners.

  • Posted By: Nowforsomemoretruth @ 10/30/2008 7:18:51 PM

    "Press Releases
    AJC Strongly Condemns Rev. Jesse Jacksons Comment on American Jews
    October 14, 2008 - New York - The American Jewish Committee (AJC) has condemned the Rev. Jesse Jackson's statement about "Zionists who have controlled American policy for decades."
    "Rev. Jackson's remarks, which appeared in an interview with the journalist Amir Taheri in today's New York Post, echo classic anti-Semitic conspiracy theories about Jewish power," said AJC Executive Director David A. Harris. "This statement, regrettably, is not the first troubling comment by Rev. Jackson regarding Israel, Zionism and the Jewish people.
    Arguing as a private citizen that an Obama administration could bring significant change to U.S. foreign policy, Jackson was quoted as saying that "Zionists who have controlled American policy for decades" would lose much of their influence should Senator Obama be elected president."
    http://www.ajc.org/site/apps/nlnet/content2.aspx?c=ijITI2PHKoG&b=849241&ct=6107743
    Isn't this the same Democrat leader who once called New York "Hymietown" ? Given the new revelation of a tape held by the LA Times of a PLO friend of Obama, looks like maybe Jackson knows a good bit more about Obama's politics than the national media does.

    • Posted By: AmericaNo.1 @ 10/31/2008 10:26:07 AM

      It should be America 1st then any other country. I feel that Israel wants all attention and money go to it and then America gets the left over. People keep reminding us about Obama's relationship to PLO friends but forget to mention Mcain's monetary assistance to Palestinians courses through PLO's affilliates. Mcain has a good history of antizionism and most know that but willing to sweep it under the rug. Remember Israel once killed our own soldiers on patrol in the medittrenian.

    • Posted By: AmericaNo.1 @ 10/31/2008 10:19:07 AM

      Do not forget that Mcain gave money for the Palestinian courses too. And for sure I want America to be selfish because Israel first and foremost care about it self then second again ooh itself. Who spy's on who by the way? Israel spy's on America and do anyone remember them Killing American Navy men. I for sure cannot forget that. American president is America's president first and if he or she does not see that, we might as well move the whiteehouse to Israel.

  • Posted By: expatincebu @ 10/30/2008 6:02:24 PM

    Another interview with a Chicago school economist, the very people who created this crisis with their policies! The pro Fed big credit class warrior elites are doing a good job with the propaganda. Soon, lazy Americans will take it as fact, they probably do already. They are to lazy or stupid to learn about the Austrian school of economics, which correctly predicted this disaster. Of course the corporate media will never even mention them or their facts about economics, just keep reporting the mantra of faith based economics from Chicago.

    Just to help out the few who may have a brain:
    Fiat money systems always fail. Credit and debt are NOT the same as wealth. Businesses and individuals and economies can work just fine with very little to no credit. Credit used to be called usury and was illegal, even the Bible speaks against it. Wealth is created by savings and investment in production, not consumerism and debt. The Federal Reserve is unconstitutional and is the greatest threat to American freedom in the world.

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