Why Congress Is Held in Contempt

By Patrick J. Buchanan “I’ve got a pen,” said President Obama early this week. “I can use that pen to sign executive orders and take executive actions … that move the ball forward.” “When I can act on my own without Congress, I’m going to do so,” the president added Wednesday at North Carolina State. […]

The True Believer

By Patrick J. Buchanan Last May, Ron Paul filed his financial disclosure form, and The Wall Street Journal enlisted financial analyst William Bernstein to scrutinize his investments. “Paul’s portfolio isn’t merely different,” said an astonished Journal, “it’s shockingly different.” Twenty-one percent of his $2.4 to $5.5 million was in real estate, 14 percent in cash. […]

A Conspiracy of Counterfeiters

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 […]

Who’s Really Downgrading America?

By Patrick J. Buchanan The decision by Standard & Poor’s to strip the United States of its AAA credit rating, for the first time, has triggered a barrage of catcalls against the umpire from the press box and Obamaites. S&P, we are reminded, was giving A ratings to banks like Lehman Brothers, whose books were […]

The Long Retreat of Liberalism

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 […]

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 […]

The Dirty Old Man and the IMF

by Patrick J. Buchanan Saturday was a bad day for the New World Order. New York police boarded the first-class cabin of an Air France jet bound for Paris to collar Dominique Strauss-Kahn, the head of the International Monetary Fund, a Grand Master of the Universe and the Socialist Party’s hope to defeat President Nicolas […]

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 […]

Is a Bond Crisis Inevitable?

By Patrick J. Buchanan With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand. Perhaps. But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe a […]

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, […]