By Patrick J. Buchanan “Thank you, Hu Jintao, and thank you, China,” said Hugo Chavez, as he announced a $20 billion loan from Beijing, to be repaid in Venezuelan oil. The Chinese just threw Chavez a life-preserver. For Venezuela is reeling from 25 percent inflation, government-induced blackouts to cope with energy shortages and an economy […]
By Patrick J. Buchanan A month after Germany surrendered in May 1945, America’s eyes turned to the Far East, where the bloodiest battle of the Pacific war was joined on the island of Okinawa.
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 […]