By Patrick J. Buchanan If Barack Obama is not a socialist, he does the best imitation of one I've ever seen. Under his tax plan, the top 5 percent of wage-earners have their income tax rates raised from 35 percent to 40 percent, while the bottom 40 percent of all wage-earners, who pay no income tax, are sent federal checks. If this is not the socialist redistribution of wealth, what is Continue reading...
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 real estate value has disappeared. A recession Continue reading...
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