By Patrick J. BuchananBarack Obama and George W. Bush seem to have come away from their study of the Great Depression with similar conclusions:To wit: After the Crash of 1929, the Federal Reserve did not move fast enough to save the banks and inject cash into the economy. Second, the New Deal, far from being wastrel deficit spending, was not bold enough. So it was that America wallowed in Continue reading...
Who Killed Detroit?
Friday - November 21, 2008 at 1:24 am
By Patrick J. BuchananWho killed the U.S. auto industry?To hear the media tell it, arrogant corporate chiefs failed to foresee the demand for small, fuel-efficient cars and made gas-guzzling road-hog SUVs no one wanted, while the clever, far-sighted Japanese, Germans and Koreans prepared and built for the future.I dissent. What killed Detroit was Washington, the government of the Continue reading...
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