By Patrick J. Buchanan
When the April figures on unemployment were released May 4, they were more than disappointing. They were deeply disturbing.
While the unemployment rate had fallen from 8.2 percent to 8.1 percent, 342,000 workers had stopped looking for work. They had just dropped out of the labor market.
Only 63.6 percent of the U.S. working age population is now in the labor force, the lowest level since December 1981.
By Patrick J. Buchanan
“They’re vultures that are sitting out there on the tree limb, waiting for a company to get sick, and then they swoop in … eat the carcass … and … leave the skeleton.”
So Rick Perry colorfully characterized the private equity firm Bain Capital, once run by Mitt Romney.
How did Bain prosper? Says Perry:
“These companies … come in and loot the people’s jobs, loot their pensions (and) loot their ability to take care of their families.”
By Patrick J. Buchanan
As he and his daughters bicycle around the summer playground of the Northeastern elite, Martha’s Vineyard, President Obama is steadily bleeding away both the support of the nation and that of his most loyal constituency.
Several times, his approval rating in Gallup’s daily tracking poll has sunk to 39 percent, with disapproval reaching 54 percent. Support for his handling of the economy has dipped to the mid-20s. Only 11 percent of Americans, says Gallup, are satisfied with the way things are going.
By Patrick J. Buchanan
Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: “This nation is on a course where if we don’t do something about it, get … fiscal policy (under control), we’re Greece.”
The remark was regarded as hyperbole. But Gregg had a point. For though Greece, measured by the size of her economy, is only 2 to 3 percent of the EU or the U.S. economy, she is a microcosm of the West.
by Patrick J. Buchanan
September’s un- employment figures were not only disappointing — they were grim. For the 21st straight month, Americans lost jobs. Fifteen million are out of work — 5 million for more than six months.
But as the Washington Times asserts, “America’s jobless crisis is much worse than the 9.8 percent unemployment rate.”
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]
by Patrick J. Buchanan
To hear the Obamaites, those raucous crowds pouring into town hall meetings are “mobs” of “thugs” whose rage has been “manufactured” by K Street lobbyists and right-wing Republican operatives.
Press secretary Robert Gibbs compares them to the Young Republicans of the “Brooks Brothers riot” during the Florida recount.
But is it wise for the White House to denigrate and insult scores of thousands with the fire and energy to come to town meetings in August, and who appear to represent millions? Is this depiction fair or accurate?
By Patrick J. Buchanan
By the choices we make we define ourselves. We reveal our biases and beliefs. And so, too, do our institutions.
In writing the $789 billion stimulus bill, Congress revealed that, for all its “Buy American” blather, it does not truly put America first. It does not believe that 10 million jobless Americans, in the country their fathers built, should receive any preference in hiring 12 million to 20 million illegal aliens who broke into this country and owe her no loyalty, allegiance or love.
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