The Lost Allure of Global Free Trade

by Patrick J. Buchanan – November 10, 1997 LONDON — President Clinton’s decision to pull his fast-track trade bill from the House floor early Monday morning rather than face a humiliating defeat marks a turning point in U.S. history. For the first time since World War II, the nation’s financial, political and intellectual elites have […]

The Silver Lining in Houston

by Patrick J. Buchanan – November 6, 1997 Backers of racial preferences are taking heart from a 54 percent-46 percent ballot victory in Houston that upholds a policy which sets aside 20 percent of the city’s business exclusively for minorities and women. “Houston’s Support of Affirmative Action May Slow Opposition Efforts Elsewhere” headlined a Wall […]

The Fast Track to Bailout City

by Patrick J. Buchanan – November 3, 1997 Politics is often beyond parody. On Sunday, House Speaker Newt Gingrich declared on “Meet the Press” that unless Congress approves “fast track,” it will “send a signal to the world that is devastating.” “(T)he world,” said Newt, “is looking for us to take leadership.” What does Newt […]

What the Crash of ’97 Portends

by Patrick J. Buchanan – October 27, 1997 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 […]

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 […]