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 […]