By Patrick J. Buchanan For those who can yet recall the backyard blast furnaces of Mao’s China in the 1950s and the Great Proletarian Cultural Revolution to re-instill peasant values in the 1970s, the news was jarring. In 2011, said the Financial Times, China will surpass the United States as first manufacturing power, a title […]
By Patrick J. Buchanan “Among the mega-forces moving the tectonic plates and imperiling the nation-states of the world from above and below are these: First, ethno-nationalism, which threatens nations with secession and break-up. We see it in the Uighurs of China, the Naga of India, the Baluch of Iran and Pakistan, the Kurds of Iran, […]
By Patrick J. Buchanan Are Europe and America headed to where Athens is today? To answer the question, consider what brought Greece to where she is — running a deficit of 14 percent of gross domestic product with a debt approaching 100 percent, with Portugal, Spain, Ireland and Great Britain not that far behind.
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 Greece this past weekend saw the worst rioting since the debt crisis began. After Athens had announced new tax hikes and budget cuts to reduce a deficit of 13 percent of gross domestic product, mobs drove guards from Greece’s Tomb of the Unknown Soldier and attacked police.
By Patrick J. Buchanan It was Father’s Day, 1964, when the Phillies’ Jim Bunning, a father of seven, took the mound against the Mets. Ninety pitches later, Bunning had struck out 10 and allowed not one batter to reach first base. Twenty-seven up, 27 down. The first perfect game in 86 years in the National […]
By Patrick J. Buchanan We inherited the worst situation since the Great Depression. That is the reflexive response of President Obama to the troubles from which he has been unable to extract his country. Even before the inauguration, he says, there were projections of a $1.2 trillion deficit for 2009. That deficit is not my […]