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 put in perspective. For example, a family can be classified as poor and own Continue reading...
Whose Country Is It, Anyway?
Wednesday - September 21, 2011 at 8:29 pm
Filed Under: Columns Tagged With: American Jobs, Barak Obama, China, Depression, Economy, Globalism, Immigration, Manufacturing, Middle America, Poverty, Trade, Trade Deficit, TV, United States, USA
A Conspiracy of Counterfeiters
Tuesday - August 30, 2011 at 11:12 am
By Patrick J. Buchanan "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." "Lenin was certainly right," John Maynard Keynes continued in his 1919 classic, "The Economic Consequences of the Continue reading...
Filed Under: Columns Tagged With: American History, Ben Bernanke, Conspiracy, Debt, Economy, Federal Reserve, Germany, International Monetary Fund, IRS, Japan, Krugman Co, Morality, Peace, Rick Perry, Ron Paul, Tokyo, War
The Long Retreat of Liberalism
Tuesday - July 19, 2011 at 1:18 am
By Patrick J. Buchanan Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns. Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its fiscal war. The president had wanted a clean debt-ceiling Continue reading...
Filed Under: Columns Tagged With: Banks, Barack Obama, Ben Bernanke, Debt, Deficit, Democrat, Democrats, Economy, Federal Reserve, GOP, Liberal, Republican, Republicans, Taxes, United States, White House
We’re All Greeks Now
Friday - July 15, 2011 at 12:58 am
By Patrick J. Buchanan Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: "This nation is on a course where if we don't do something about it, get ... fiscal policy (under control), we're Greece." The remark was regarded as hyperbole. But Gregg had a point. For though Greece, measured by Continue reading...
Filed Under: Columns Tagged With: Barack Obama, Debt, Economy, EU, Great Society, Greece, Immigration, Jobs, Population, Third World, United States
Black America vs. Obama?
Monday - July 11, 2011 at 11:47 pm
By Patrick J. Buchanan "The Disappearing Black Middle Class" ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering. In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households. By 2009, the median net worth for white households had fallen 24 Continue reading...
Filed Under: Columns Tagged With: African American, American Jobs, Barack Obama, Bill Clinton, Black America, Deficit, Economy, Great Society, Recession, Wall Street, Washington Post
Is a U.S. Default Inevitable?
Tuesday - July 5, 2011 at 12:39 am
By Patrick J. Buchanan As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Lindsey had committed candor, and the stunned Bushites came down on him with both feet. "Baloney," said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels Continue reading...
Obama’s Dilemma — and Ours
Friday - June 10, 2011 at 8:54 am
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 then he repeated himself in French: "Ou est Continue reading...
Filed Under: Columns Tagged With: American Jobs, Barack Obama, Debt, Depression, Dollar, Economy, Federal Reserve, France, USA, War, White House, Winston Churchill, World War II
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