Land of the Setting Sun

By Patrick J. Buchanan Sunday was the first anniversary of the 9.0 earthquake off the east coast of Japan that produced the 45-foot-high tidal wave that hit Fukushima Prefecture. Twenty thousand perished. Hundreds of thousands were driven from their homes when a nuclear plant swept by the tsunami exploded, spewing radiation for miles. Only two […]

Whose Country Is It, Anyway?

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 […]

What “Big Deals” Did to America

By Patrick J. Buchanan Thanks to Tea Party fanatics, we are told, America just lost an historic opportunity to deal with her national debt. Because of Tea Party intransigence and threats against their own leader John Boehner, the speaker had to reject Obama’s “grand bargain,” the “big deal” of $3 trillion in budget cuts for […]

Manufacturing’s Dismal Decade

By Patrick J. Buchanan Last year, Barack Obama committed his administration to doubling U.S. exports in half a decade. The good news: He is on the way. U.S. exports of goods and services grew in 2010 by 16.6 percent. Bad news: U.S. imports, starting from a higher base, surged by 19.7 percent. Result: The U.S. […]

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 […]

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, […]