web analytics
April 27, 2015 / 8 Iyar, 5775
At a Glance
InDepth
Sponsored Post


Israel Facing Weak US Economy, Foreign Policy, Following Elections

Generally, though no one in the United States thinks in these terms, the battle in America is between the ideas governing Israel in two eras of its history. Obama’s statism reflects the early policies of Israel.
NYSE Broke

Photo Credit: Yori Yanover

Originally published at Rubin Reports.
With President Barack Obama reelected there is every reason to believe that he will continue the tax, regulatory, and economic policies of his first term. That means the U.S. economy is unlikely to improve quickly, steadily, or even at all during the next four years. The problem is not just Obama’s own strategy on these issues but also the lack of business confidence in his plans.
Those doubts, along with even higher taxes, a complex and costly new health care system, and uncertainty about what new costs Obama is going to impose will keep investors, large corporations, and small businesses from investing money. Thus, unemployment will remain high and recovery slow or even non-existent.
And that will have a big effect on Israeli thinking. If Israeli policymakers–and businesspeople–view certain policies as failing in the United States they are unlikely to adapt those ideas to Israel, even if some of seem ideologically attractive to the moderate left here.
The strategy of higher taxes, high regulation, increasing government intervention, and bigger government are already unattractive in Israel and will be even more so. The Labor Party wants more effort on improving social welfare and lowering the country’s high prices yet knows the Obama-European approach has been disastrous. .
Poor performance by the U.S. economy will also have a negative effect on Israel’s own growth and trade, reducing the prospects for exports to America and by having a depressing effect on the global economy.
In contrast, a victory for Romney would have encouraged businesspeople in the United States to believe they woulf face policies more favorable to their needs. With the possible repeal of Obama’s controversial health care plan, quite costly to employers, and the likelihood of lower taxes and reduced—or at least stable—regulation, there would have been an incentive for them to invest and expand their businesses.
A booming U.S. economy would benefit Israel’s economy both directly and indirectly through its impact on the international economic situation as well. Romney’s expertise on turning around failing businesses would have provided the proper management. But that’s not going to happen.
While the similarities should not be exaggerated one could suggest that a Romney presidency would have more closely paralleled Israel’s economic strategy. After all, Israel has succeeded in recent years with an approach favoring privatization, keeping unemployment low, and avoiding large-scale governmental borrowing or debt. This policy, of course, also has costs, as the social protests of last year showed.
Generally, though no one in the United States thinks in these terms, the battle in America is between the ideas governing Israel in two eras of its history. Obama’s statism reflects the early policies of Israel. The difference, of course, is that those positions were necessary for a newly born country that had no alternatives but not for the United States in the year 2013. Romney’s approach represented more of the strategy of Israeli governments of all three ruling parties during the last two decades.
At any rate, Israel is going to have to deal with a weak American economy, as well as a weak American foreign policy, for the next four years.
Originally published at Rubin Reports.

About the Author: Professor Barry Rubin is director of the Global Research in International Affairs (GLORIA) Center and editor of the Middle East Review of International Affairs (MERIA) Journal. See the GLORIA/MERIA site at www.gloria-center.org.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

4 Responses to “Israel Facing Weak US Economy, Foreign Policy, Following Elections”

  1. Charlie Hall says:

    "The strategy of higher taxes, high regulation, increasing government intervention, and bigger government are already unattractive in Israel and will be even more so."

    Wrong. The *Likud* policies in Israel include much higher taxes, greater government intervention in the economy, more government regulation especially in the financial sector, and a much larger government including a more comprehensive universal heatlh insurance system than the US will have even after Obamacare fully kicks in. It is in fact these polices that have CAUSED Israel's economic success.

  2. this is the slow bleed of the American empire.

Comments are closed.

Current Top Story
Princeton University students voted down an Israel Divestment referendum in April, 2015.
Inside Look at Princeton’s Israel Divestment Failure
Latest Indepth Stories
World Zionist Congress elections end April 30.

Groups promoting anti-Israel/anti-Jewish BDS right on their websites are running in the WZC election

Former New York Governor George Pataki

Pataki is the last Republican Governor to win a majority of Jewish votes.

President Obama

Obama’s desire to be “fair” enables Iran to get nuclear weapons which will threaten global security

israeli-american flags

All GOP candidates will continue seeking – and praying – for Jewish money with greater success.

The one reason to make Aliyah outweighs all the arguments not to move to Israel.

“We returned to this Land not in order to be murdered, or uprooted. We came here to be replanted!”

I don’t fear for the future of our people because I believe Yeshiva University has created an “Iron Dome” of Jewish leadership

Poland’s great Jewish cities where Jewish life had once flourished and thrived, were now desolate

Chief rabbi, Rav Dovid Lau, stated that the Torah community’s turnout in the WZO election is vital.

Iran has at its core the same ideology as that of ISIS but, inaccurately, is thought a lesser threat

An early Yom Ha’atzmaut gathering for Israel’s 67th birthday with Pres. Rivlin of Israel and guests

Israel’s Memorial Day shouldn’t be a day of mourning, it’s a day to honor, not another Holocaust Day

God’s 3 part promise for Israel: to the Avot; a plentiful land; the eventual return home by all Jews

A committed Religious Zionist, he was a sought-after adviser on Zionist affairs around the world.

More important, Mr. Obama is simply acceding to Iran’s position on the timing of the lifting of sanctions.

More Articles from Barry Rubin
Youssef Ziedan

The interviewer responds, “There was also Balfour.”

peace_clowns

If the Obama/Kerry peace deal does go through, what would the risks be?

Let me make it plain. There will be mass murder, even genocide in Syria.

A large number of pro-Obama and radical or even anti-Israel cadre are Jews.

Does anyone think the Palestinian Authority will resist daily attacks from Hamas and Fatah radicals?

Secret Service security arrangements were overruled.

The Obama Administration plan is very simple, assuming that everything goes smoothly–which of course it will not.

The less you know about Islam, the better. Ignorance is strength.

Printed from: http://www.jewishpress.com/indepth/analysis/rubin-reports/israel-facing-weak-us-economy-foreign-policy-following-elections/2012/11/12/

Scan this QR code to visit this page online: