Obama’s Problems — and Ours

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 […]

Saving Professor Bernanke

By Patrick J. Buchanan “Elections don’t matter!” conservatives have long groused. “No matter who you vote for, things never change.” Well, we may have an exception here. Scott Brown told Massachusetts’ voters if they elected him to what David Gergen calls “the Kennedy seat” in the Senate, he would go to Washington and run a […]

Fat City

By Patrick J. Buchanan “It’s time to stop worrying about the deficit — and start panicking about the debt,” the Washington Post editorial began. “The fiscal situation was serious before the recession. It is now dire.”

Ron Paul’s Hour of Power

By Patrick J. Buchanan The decades-long campaign of Ron Paul to have the Government Accountability Office do a full audit of the Federal Reserve now has 313 sponsors in the House.

Fatal Flaw of Democracies

by Patrick J. Buchanan “We just can’t afford it!” Not long ago, every America child heard that, at one time or another, in the home in which he or she was raised. “We just can’t afford it!” It may have been a new car, or two weeks at the beach, or the new flat-panel TV […]

Should We Kill the Fed?

By Patrick J. Buchanan For the financial crisis that has wiped out trillions in wealth, many have felt the lash of public outrage. Fannie and Freddie. The idiot-bankers. The AIG bonus babies. The Bush Republicans and Barney Frank Democrats who bullied banks into making mortgages to minorities who could not afford the houses they were […]

The Weimar Solution

By Patrick J. Buchanan “The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes. Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation — a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment. Deflation is what America […]

Systemic Failure

By Patrick J. Buchanan As the U.S. financial crisis broadens and deepens, wiping out the wealth and savings of tens of millions, destroying hopes and dreams, it is hard not to see in all of this history’s verdict upon this generation. We have been weighed in the balance and found wanting. For how did this […]

In Earmarks Lies Salvation?

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 […]

Liquidating the Empire

By Patrick j. Buchanan “Liquidate labor, liquidate stocks, liquidate the farmers.” So Treasury Secretary Andrew Mellon advised Herbert Hoover in the Great Crash of ’29. Hoover did. And the nation liquidated him — and the Republicans. In the Crash of 2008, 40 percent of stock value has vanished, almost $9 trillion. Some $5 trillion in […]