We’re All Greeks Now

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. […]

Black America vs. Obama?

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 […]

Is a U.S. Default Inevitable?

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 […]

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 […]

What Must We Defend?

By Patrick J. Buchanan “We need to be honest with the president, with the Congress, with the American people” about the consequences of cutting the defense budget, said Secretary of Defense Robert Gates in his valedictory policy address to the American Enterprise Institute. “(A) smaller military, no matter how superb, will be able to go […]

Sputnik Moment — or GM Moment?

By Patrick J. Buchanan What America was to the world in 1950, General Motors was to the nation. It was the largest and most successful company with the largest number of employees. It paid the highest wages and contributed more in taxes than any other company. During World War II, no company had contributed more […]

Are the Deficits Forever?

By Patrick J. Buchanan “The success of a party means little except when the nation is using that party for a large and definite purpose,” said Woodrow Wilson in his first inaugural. “No one can mistake the purpose for which the nation now seeks to use the Democratic Party.” As with Wilson’s Democrats in 1913, […]

The Fed Trashes the Dollar

By Patrick J. Buchanan If it is the first responsibility of the Federal Reserve to protect the dollars that Americans earn and save, is it not dereliction of duty for the Fed to pursue a policy to bleed value from those dollars? For that is what Chairman Ben Bernanke is up to with his QE2, […]

Yankee Utopians in a Chinese Century

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 […]

Will the PIGS Blow Up Europe?

By Patrick J. Buchanan ďAmong 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, […]