Socialist Republic

By Patrick J. Buchanan Barack 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 […]

Meeting Medvedev Halfway

By Patrick J. Buchanan The morning after Barack Obama’s election, the congratulatory message from Moscow was in the chilliest tradition of the Cold War. “I hope for constructive dialogue with you,” said Russia’s president, “based on trust and considering each other’s interests.” Dmitry Medvedev went on that day, in his first State of the Union, […]

As GM Goes, So Goes the GOP

By Patrick J. Buchanan Understandably, Republicans are seething. When Hank Paulson demanded $700 billion to haul away the trash in the dumpsters of JPMorgan Chase and Goldman Sachs — assuring us we could hold a garage sale of the junk — they rebelled. They acted as the nation, by 100 to one, demanded. They killed […]

Bretton Woods II — No Way

By Patrick J. Buchanan “Laissez-faire is finished, the all-powerful market that is always right, that’s finished,” said Nicholas Sarkozy, speaking ex cathedra, last month. As a result, said the diminutive French president, it is “necessary to rebuild the entire global financial and monetary system from the bottom up, the way it was done at Bretton […]

Comrade Obama?

By Patrick J. Buchanan If Barack Obama is not a socialist, he does the best imitation of one I’ve ever seen. Under his tax plan, the top 5 percent of wage-earners have their income tax rates raised from 35 percent to 40 percent, while the bottom 40 percent of all wage-earners, who pay no income […]

Obama’s First 100 Days

By Patrick J. Buchanan Undeniably, a powerful tide is running for the Democratic Party, with one week left to Election Day. Bush’s approval rating is 27 percent, just above Richard Nixon’s Watergate nadir and almost down to Carter-Truman lows. After each of those presidents reached their floors — in 1952, 1974, 1980 — the opposition […]

Camp Followers

By Patrick J. Buchanan Perhaps the only institution in America whose approval rating is beneath that of Congress is the media. Both have won their reputations the hard way. They earned them. Consider the fawning indulgence shown insider Joe Biden with the dripping contempt visited on outsider Sarah Palin. Twice last weekend, Biden grimly warned […]