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...
Socialist Republic
Saturday - November 29, 2008 at 12:46 am
Filed Under: Columns Tagged With: Bailouts, Barack Obama, China, Economy, George Bush
Meeting Medvedev Halfway
Tuesday - November 25, 2008 at 1:29 am
By Patrick J. BuchananThe 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, to charge America with fomenting the Continue reading...
Filed Under: Columns Tagged With: Barack Obama, NATO, Neocons, Russia, Vladimir Putin
As GM Goes, So Goes the GOP
Tuesday - November 18, 2008 at 2:05 am
By Patrick J. BuchananUnderstandably, 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 the Wall Street bailout.The Dow quickly sank another 1,000 points, and, Continue reading...
Bretton Woods II — No Way
Friday - November 14, 2008 at 12:35 am
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 Woods after World War II."Sarky's Continue reading...
Filed Under: Columns Tagged With: Barack Obama, Economy, Globalism, IMF, Sovereignty, Trade, World Bank
Comrade Obama?
Friday - October 31, 2008 at 10:52 am
By Patrick J. BuchananIf 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 tax, are sent federal checks.If this is not the socialist redistribution of wealth, what is Continue reading...
Filed Under: Columns Tagged With: Bailouts, Barack Obama, George Bush, Joe Biden
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