Why Congress Is Held in Contempt

By Patrick J. Buchanan “I’ve got a pen,” said President Obama early this week. “I can use that pen to sign executive orders and take executive actions … that move the ball forward.” “When I can act on my own without Congress, I’m going to do so,” the president added Wednesday at North Carolina State. […]

Where Have All the Workers Gone?

Where Have All the Workers Gone?

By Patrick J. Buchanan That America created only 88,000 jobs in March, less than half the number anticipated, was jolting news, indicating the recovery that the White House has boasted about may not be at hand. But in that March jobs report, there was more disturbing news. While unemployment fell to 7.6 percent, the reason […]

Casino Capitalists Playing With Fire

By Patrick J. Buchanan Comes now news from across the pond that executives at one of the world’s most respected banks, Barclays, rigged Libor. Even the venerable Bank of England is apparently being investigated. For sports fans, this is like fixing the Super Bowl or doping a horse in the Derby. But it is rather […]

Whose Country Is It, Anyway?

By Patrick J. Buchanan For the third straight year, the median income of the typical American family fell in 2010. Adjusted for inflation, it is back where it was in 1996, the longest period of zero growth since the Depression. And the poverty rate has inched up to 15.1 percent. Both figures, however, should be […]

Obama’s Dilemma — and Ours

By Patrick J. Buchanan Seventy-one years ago this spring, after the German army had broken through the French lines, British Prime Minister Winston Churchill flew to France to consult his embattled allies on how to stop the advance. “Where is the strategic reserve?” Churchill urgently asked the French commander in chief, Gen. Maurice Gamelin, and […]

Barack Hussein Hoover?

By Patrick J. Buchanan Is the world headed for a debt crisis to dwarf the one that befell us in 2008, when Treasury Secretary Hank Paulson stood aside and let Lehman Brothers crash? No one knows for certain. As Yogi Berra said, “it’s tough to make predictions, especially about the future.” But the probability of […]

Obama Blows up the Bridge

By Patrick J. Buchanan “Rather than building bridges, he’s poisoning wells,” said Rep. Paul Ryan, after listening to Barack Obama’s scathing attack on his deficit reduction plan as a shredding of America’s social contract with the elderly and poor. Ryan is right. Yet, with Obama’s partisan savagery, virtually calling the GOP plan immoral, we have […]

The Weimar Solution

By Patrick J. Buchanan “The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes. Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation — a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment. Deflation is what America […]

Obama’s Choice: FDR or Reagan

By Patrick J. Buchanan Barack Obama, it is said, will inherit the worst times since the Great Depression. Not to minimize the crisis we are in, but we need a little perspective here. The Great Depression began with the Great Crash of 1929. By 1931, unemployment had reached 16 percent. By 1933, 89 percent of […]