By Patrick J. Buchanan
When America is about to throw an ally to the wolves, we follow an established ritual. We discover that the man we supported was never really morally fit to be a friend or partner of the United States.
Oct 302009
By Patrick J. Buchanan
If we had it to do over, would we send an army into Afghanistan to build a nation?
Would we invade Iraq?
While these two wars have cost 5,200 dead, a trillion dollars and a divided America facing an endless war, what have we won?
Sep 152009
by Patrick J. Buchanan
Down at the Chinese outlet store in Albany known as Wal-Mart, Chinese tires have so successfully undercut U.S.-made tires that the Cooper Tire factory in that south Georgia town had to shut down.
Twenty-one hundred Georgians lost their jobs.
The tale of Cooper Tire and what it portends is told in last week’s Washington Post by Peter Whoriskey. [As Cheaper Chinese Tires Roll In, Obama Faces an Early Trade Test, September 8, 2009]
Jun 192009
By Patrick J. Buchanan
On Dec. 14, 1825, following the death of Alexander I — who had seen off Napoleon — his brother, the grand duke, who had just taken the oath as Czar Nicholas I, was confronted by mutinous troops and rebels in Senate Square before the Winter Palace.
For hours, the czar stood at the end of the square as the crowd shouted for a constitution or for Nicholas’ brother Constantine to take the throne. Shots were exchanged.
Dec 262008
By Patrick J. Buchanan
“I’ve abandoned free-market principles to save the free-market system,” President Bush told CNN, defending his offer of $17 billion in loans to the Big Three “to make sure the economy doesn’t collapse.”
Thus did Bush concede that protectionism, if a critical U.S. industry is in peril, must trump free-trade ideology. For in offering the bailout to GM, Ford and Chrysler, Bush, by omission, excluded BMW, Mercedes, Honda, Toyota, Nissan and Hyundai — though all operate auto plants here in the United States and all are feeling the same sales slump.
Nov 292008
By Patrick J. Buchanan
Barack 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 depression for a decade until the unbridled spending and mammoth deficits of World War II pulled us out.
Nov 112008
By Patrick J. Buchanan
For decades, before a heedless congregation, some of us have preached the old Hamiltonian gospel.
Great nations do not have trade partners. They have trade competitors and rivals. Trade surpluses are superior to trade deficits. Tariffs on foreign goods are preferable to taxes on U.S. producers. Manufacturing, not finance, is the muscle of the nation.
Economic independence is vital to political independence.
Aug 082008
By Patrick Buchanan
In his 1937 “Great Contemporaries,” Winston Churchill wrote, “Whatever else may be thought about (Hitler’s) exploits, they are among the most remarkable in the whole history of the world.”
Churchill was referring not only to Hitler’s political triumphs — the return of the Saar and reoccupation of the Rhineland — but his economic achievements. By his fourth year in power, Hitler had pulled Germany out of the Depression, cut unemployment from 6 million to 1 million, grown the GNP 37 percent and increased auto production from 45,000 vehicles a year to 250,000. City and provincial deficits had vanished.
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