Rick Perry, Warren Buffett, and mortgages: Brad Hirschfield's ethical take on the news (Video)

Aug 16, 2011

Join Brad Hirschfield as he talks about the ethical and moral issues raised by the week's biggest stories.

Today's topics:

President Obama desires a continued strong role for federal government in home mortgages. But after months of waiting, there's still no plan, just desire. What concrete plans should the President have and when should they be shared with the country? Is the President demonstrating sufficient leadership on this or any other economic issue?

Rick Perry did NOT accuse Federal Reserve Chairman Ben Bernanke of treason, but he came inappropriately close, not to mention using the term inaccurately. Perry went on to threaten Bernanke, suggesting that he would be treated "pretty ugly down in Texas". Is any candidate who speaks this way fit for the Presidency?

Warren Buffett wants to pay more taxes. Do you? What about the just-released "Buffett Tax Plan" which would raise taxes on what Buffett calls the "super rich"? What is "super rich" and why is this plan materially different from what President Obama has suggested?

With Brad Hirschfield

Isn't Rick Perry just politicking? He is playing to an American audience that likes this tough talk.

Perry may be wrong on a number of issues; but his stand on the Fed, which makes him look like a protege of Ron Paul, is spot on.

Does this country really need another half-witted Texan for president?

Warren Buffet's plan makes a lot of sense, and deserves serious attention. And the fact that he, one of the richest men in America, suggests it, only gives it more credence.

Buffet said he only paid about 18% of his income in taxes. The principal reason is that long-term capital gains are taxed at only 15%. This rate is kept low in recognition that long-term investment builds our economy. However, the tax code doesn't distinguish between income from a US-base investment and a foreign one. Considering the ease of movement of capital between nation's today, should we make our tax code more patriotic, by limiting the favorable capital gain tax treatment to investment within America?

President Obama is not showing strong leadership. But without the support of Congress, his hands are tied. You can't just point the finger at him. What about the responsibility of the legislators?

Just when you think the insanity can't get worse, the Obama administration takes another 180 degree wrong turn. What don't they get about the pending insolvency of the U.S.?

We had a housing bubble, fueled by federal subsidies. While the nation has an interest in shoring up the housing market, there is an inherent conflict in not pushing the bubble out by including buyers unable to service their loans. Good luck trying more stringent loan qualifications coupled to reinflating the housing market.

Obama's desperate mortgage plea on the campaign trail in the giant black hearse he's dragging around the midwest is just more of the same: throwing good money after bad. And we don't have any good money left. Does anyone think this is a good idea?

n. the betrayal of a trust or confidence; breach of faith; treachery. Seems that Rick Perry is trying to make a case that QE3, implemented to temporarily lower unemployment to improve the President's chances of re-election, a betrayal of the nation's trust.

LAST QUESTION: The rhetoric on the left has really gotten nasty -- calling Tea Partiers "terrorists" and even referrring to "halfwit" Texans. Is that just frustration from Obama's failures? Or is it a calculated strategy -- Obama can't run on his disastrous record, so he has to go nasty instead? It looks like the media smear campaigns, having already targeted Palin, Bachman, etc, are turning on Perry.

In This Chat
Brad Hirschfield
Brad Hirschfield is the president of Clal - The National Jewish Center for Learning and Leadership. He writes the For God's Sake blog for The Washington Post. A regular on Lou Dobbs Tonight on the Fox Business Network. he appears frequently on NPR, PBS, and CNN, and is routinely listed as one of America?s "most influential rabbis." His most recent book is You Don't Have To Be Wrong For Me To Be Right: Finding Faith Without Fanaticism.
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