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
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
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.
By Patrick J. Buchanan
Lecturing a conscript conclave of Justice Department bureaucrats, Attorney General Eric Holder last week called America a “nation of cowards” for not spending more time talking about race.
Reading his speech, however, one recalls the sage counsel of Pat Moynihan to President Nixon in 1970: This whole subject might benefit from a long period of “benign neglect.”
One point Holder did allude to, without specifics, was this:
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