Democrats’ New Deal: This is It?

Tuesday - February 3, 2009 at 10:27 am

By Patrick J. Buchanan "You never want a serious crisis to go to waste," sayeth Rahm. Opportunistic and cynical, yes. But also savvy political counsel that transformational presidents have always followed. FDR exploited the Depression to launch his New Deal, bring an end to a Republican hegemony of seven decades and make Democrats the majority party, until Richard Nixon picked the Continue reading...

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The Toyota Republicans

Tuesday - December 16, 2008 at 11:29 am

By Patrick J. Buchanan "GOP to Detroit: Drop Dead!" So may have read the headline Friday, had not President Bush stepped in to save GM, Ford and Chrysler, which Senate Republicans had just voted to send to the knacker's yard. What are Republicans thinking of, pulling the plug, at Christmas, on GM, risking swift death for the greatest manufacturing company in American history, a strategic Continue reading...

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In Earmarks Lies Salvation?

Tuesday - December 9, 2008 at 1:11 am

By Patrick J. Buchanan In a deepening recession, what does the reasonable man do? Seeing friends laid off, he will get rid of all but essential credit cards, dine at home more often, terminate unnecessary trips to the mall, put off buying a new car, give up the idea of borrowing on the vanishing equity in his house. He will begin to save and start paying down debt. A company that has Continue reading...

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Socialist Republic

Saturday - November 29, 2008 at 12:46 am

By Patrick J. Buchanan Barack Obama and George W. Bush seem to have come away from their study of the Great Depression with similar conclusions: To wit: After the Crash of 1929, the Federal Reserve did not move fast enough to save the banks and inject cash into the economy. Second, the New Deal, far from being wastrel deficit spending, was not bold enough. So it was that America wallowed in Continue reading...

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Who Killed Detroit?

Friday - November 21, 2008 at 1:24 am

By Patrick J. Buchanan Who killed the U.S. auto industry? To hear the media tell it, arrogant corporate chiefs failed to foresee the demand for small, fuel-efficient cars and made gas-guzzling road-hog SUVs no one wanted, while the clever, far-sighted Japanese, Germans and Koreans prepared and built for the future. I dissent. What killed Detroit was Washington, the government of the Continue reading...

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As GM Goes, So Goes the GOP

Tuesday - November 18, 2008 at 2:05 am

By Patrick J. Buchanan Understandably, Republicans are seething. When Hank Paulson demanded $700 billion to haul away the trash in the dumpsters of JPMorgan Chase and Goldman Sachs -- assuring us we could hold a garage sale of the junk -- they rebelled. They acted as the nation, by 100 to one, demanded. They killed the Wall Street bailout. The Dow quickly sank another 1,000 points, and, Continue reading...

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Bretton Woods II — No Way

Friday - November 14, 2008 at 12:35 am

By Patrick J. Buchanan "Laissez-faire is finished, the all-powerful market that is always right, that's finished," said Nicholas Sarkozy, speaking ex cathedra, last month. As a result, said the diminutive French president, it is "necessary to rebuild the entire global financial and monetary system from the bottom up, the way it was done at Bretton Woods after World War II." Sarky's Continue reading...

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