By Patrick J. BuchananIs the world headed for a debt crisis to dwarf the one that befell us in 2008, when Treasury Secretary Hank Paulson stood aside and let Lehman Brothers crash?No one knows for certain. As Yogi Berra said, "it's tough to make predictions, especially about the future."But the probability of a financial crisis increased this week after President Obama's trashing of Continue reading...
Who Should Pay the Piper?
Tuesday - March 9, 2010 at 12:05 am
By Patrick J. BuchananGreece this past weekend saw the worst rioting since the debt crisis began. After Athens had announced new tax hikes and budget cuts to reduce a deficit of 13 percent of gross domestic product, mobs drove guards from Greece's Tomb of the Unknown Soldier and attacked police. Continue reading...
Liquidating the Empire
Tuesday - February 23, 2010 at 1:48 am
By Patrick J. BuchananA decade ago, Oldsmobile went. Last year, Pontiac. Saturn, Saab and Hummer were discontinued. A thousand GM dealerships shut down.To those who grew up in a "GM family," where buying a Chrysler was like converting to Islam, what happened to GM was deeply saddening.Yet the amputations had to be done -- or GM would die.And the same may be about to happen to the Continue reading...
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