What the Crash of ’97 Portends

by Patrick J. Buchanan When the U.S. merchandise trade deficit came in at near $190 billion last year, free traders had a ready retort: Trade deficits don’t matter! Well, we’re about to find out. Since summer, stocks have crashed and burned in Thailand, Malaysia, Indonesia, the Philippines, South Korea, Taiwan and even mighty Hong Kong. […]

The Rodney Dangerfield Republic

by Patrick J. Buchanan – October 23, 1997 “African Brothers in Spirit” ran the caption over a photo of a beaming Nelson Mandela holding hands with a smiling Moammar Qaddafi. On entering Tripoli, Mandela’s 50-car motorcade passed under a banner reading: “Mandela’s visit to Libya is a devastating blow to America.” What about U.S. objections […]

Harold Creel’s 30 Seconds Over Tokyo

by Patrick J. Buchanan – October 20, 1997 For the Theodore Roosevelt Big Stick Award for 1997, permit me to nominate Harold Creel of the Federal Maritime Commission. Fed up with Japan’s refusal to pay $4 million in fines, Creel last Thursday ordered all U.S. ports closed to Japanese ships. The Coast Guard was to […]

Yes, Janet, There is a Smoking Gun

by Patrick J. Buchanan – October 16, 1997 In Edgar Allen Poe’s “The Purloined Letter,” the document is found where no one thought to look, “full in the view of every visitor,” right before their eyes. As Janet Reno’s agents burrow bravely through the history of the Pendleton Act to see if White House phone […]

Bailouts Without End

by Patrick J. Buchanan – October 13, 1997 The IMF has become the 911 number immediately called in times of trouble by such champions of free markets as Citicorp and Goldman, Sachs. With all that IMF money, the Thailands and Mexicos are spared the consequences of their fiscal incompetence, and Wall Street’s heavy hitters are […]

The UN Threat

by Patrick J. Buchanan – October 9, 1997 U.S. — New Target of U.N. Investigators — You don’t have to be a member of the White Mountain Militia to be a bit frosted at the latest high jinks of the boys on Turtle Bay. Seems that one Bacre Waly Ndiaye, “a U.N. Human Rights Commission […]

“Global Warming” or Globogas?

by Patrick J. Buchanan – October 6, 1997 First, the famous Club of Rome warned us that the world’s oil was about to run out. Then came the “Crash of ’79” crowd to predict a second Great Depression, 50 years after the first. Then, the new Malthusians arrived to warn that soaring population growth meant […]

Fast Track and the Crisis of Conservatism

By Patrick J. Buchanan Do you trust Bill Clinton? That is the question both parties will answer in the vote on “fast track,” by which Congress unilaterally surrenders its right to amend any new trade deal Bill Clinton may cut. In saying “no” to fast track, the Democratic Party has said it does not totally […]