I just returned from a month in Israel. There is no recession in Israel. There is a building and housing boom.
I fail to see how some big government mandate like this preserves the economy.
It probably helps that most of Israel’s largest companies probably operate under the premise of putting their country first.
Our largest companies care only about $$$$$$$.
Last night in Kansas City. Ehud Olmert spoke to a Jewish Federation meeting whe he satated the same facts in this article. He said that the investment in EDUCATION from birth to 10 years of age was why Israel is so sucessful in economic terms.
He said that there was no recession in Israel as the were a NET EXPORTER not an Importer.
He also attributes this education push on the fact that they had to assimulate refugees from all over the world that came to Israel escaping anti-semitism in their native homelands.
The most important thing in Education is a common language.
Now look at America!
This does not include the value of corporate espionage that Israel also perpetrates in the USA.
This number also does not include the money laundering and financial fraud, most run by Russian-origin Israelis.
$15 Billion divided by 7.5 million population = $2K subsidy per person, per year.
Total amount of restitution paid by Germany over the years totals at least $70B in today's dollars.
Look over the amount of money the USA has given since 1948-49 ... Israel shows what over $300B of US Dollars can do for a nation of a few million people!
If you’d like to be on or off, please FR mail me.
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Two words — Stanley Fischer
“As Israeli entrepreneur Jon Medved”
Michael Medved’s brother.