By Patrick J. Buchanan About the first decade of what was to be the Second American Century, the pessimists have been proven right. According to the International Monetary Fund, the United States began the century producing 32 percent of the world’s gross domestic product. We ended the decade producing 24 percent. No nation in modern […]
By Patrick J. Buchanan “This state visit is … a terrible mistake,” said Rep. Eliot Engel, chairman of the House Subcommittee on the Western Hemisphere.
By Patrick J. Buchanan When America is about to throw an ally to the wolves, we follow an established ritual. We discover that the man we supported was never really morally fit to be a friend or partner of the United States.
By Patrick J. Buchanan If we had it to do over, would we send an army into Afghanistan to build a nation? Would we invade Iraq? While these two wars have cost 5,200 dead, a trillion dollars and a divided America facing an endless war, what have we won?
by Patrick J. Buchanan Down at the Chinese outlet store in Albany known as Wal-Mart, Chinese tires have so successfully undercut U.S.-made tires that the Cooper Tire factory in that south Georgia town had to shut down. Twenty-one hundred Georgians lost their jobs. The tale of Cooper Tire and what it portends is told in […]
By Patrick J. Buchanan On Dec. 14, 1825, following the death of Alexander I — who had seen off Napoleon — his brother, the grand duke, who had just taken the oath as Czar Nicholas I, was confronted by mutinous troops and rebels in Senate Square before the Winter Palace. For hours, the czar stood […]
By Patrick J. Buchanan “I’ve abandoned free-market principles to save the free-market system,” President Bush told CNN, defending his offer of $17 billion in loans to the Big Three “to make sure the economy doesn’t collapse.” Thus did Bush concede that protectionism, if a critical U.S. industry is in peril, must trump free-trade ideology. For […]
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 […]
By Patrick J. Buchanan For decades, before a heedless congregation, some of us have preached the old Hamiltonian gospel. Great nations do not have trade partners. They have trade competitors and rivals. Trade surpluses are superior to trade deficits. Tariffs on foreign goods are preferable to taxes on U.S. producers. Manufacturing, not finance, is the […]
By Patrick Buchanan In his 1937 “Great Contemporaries,” Winston Churchill wrote, “Whatever else may be thought about (Hitler’s) exploits, they are among the most remarkable in the whole history of the world.” Churchill was referring not only to Hitler’s political triumphs — the return of the Saar and reoccupation of the Rhineland — but his […]