Should We Kill the Fed?

Thursday - April 2, 2009 at 11:14 pm

By Patrick J. BuchananFor the financial crisis that has wiped out trillions in wealth, many have felt the lash of public outrage.Fannie and Freddie. The idiot-bankers. The AIG bonus babies. The Bush Republicans and Barney Frank Democrats who bullied banks into making mortgages to minorities who could not afford the houses they were moving into.But the Big Kahuna has escaped.The Continue reading...

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Systemic Failure

Friday - March 20, 2009 at 12:26 am

By Patrick J. BuchananAs the U.S. financial crisis broadens and deepens, wiping out the wealth and savings of tens of millions, destroying hopes and dreams, it is hard not to see in all of this history's verdict upon this generation.We have been weighed in the balance and found wanting.For how did this befall us, save through decisions that brushed aside lessons that history and Continue reading...

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Pitchfork Time

Tuesday - March 3, 2009 at 1:18 am

By Patrick J. BuchananIn his campaign and inaugural address, Barack Obama cast himself as a moderate man seeking common ground with conservatives.Yet, his budget calls for the radical restructuring of the U.S. economy, a sweeping redistribution of power and wealth to government and Democratic constituencies. It is a declaration of war on the Right.The real Obama has stood up, and lived Continue reading...

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The Toyota Republicans

Tuesday - December 16, 2008 at 11:29 am

By Patrick J. Buchanan"GOP to Detroit: Drop Dead!"So may have read the headline Friday, had not President Bush stepped in to save GM, Ford and Chrysler, which Senate Republicans had just voted to send to the knacker's yard.What are Republicans thinking of, pulling the plug, at Christmas, on GM, risking swift death for the greatest manufacturing company in American history, a strategic Continue reading...

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Socialist Republic

Saturday - November 29, 2008 at 12:46 am

By Patrick J. BuchananBarack Obama and George W. Bush seem to have come away from their study of the Great Depression with similar conclusions:To wit: After the Crash of 1929, the Federal Reserve did not move fast enough to save the banks and inject cash into the economy. Second, the New Deal, far from being wastrel deficit spending, was not bold enough. So it was that America wallowed in Continue reading...

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