The Dirty Old Man and the IMF

by Patrick J. Buchanan Saturday was a bad day for the New World Order. New York police boarded the first-class cabin of an Air France jet bound for Paris to collar Dominique Strauss-Kahn, the head of the International Monetary Fund, a Grand Master of the Universe and the Socialist Party’s …

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Barack Hussein Hoover?

Is the world headed for a debt crisis to dwarf the one that befell us in 2008, when Treasury Secretary Hank Paulson stood aside and let Lehman Brothers crash? No one knows for certain. As Yogi Berra said, “it’s tough to make predictions, especially about the future.” But the probability …

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Is a Bond Crisis Inevitable?

With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand. Perhaps. But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe …

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European Union: R.I.P.?

When communism collapsed in Moscow, Prague and Belgrade at the end of the Cold War, ethnic nationalism surged to the surface in all three nations and tore them apart into 24 countries. Economic nationalism is now resurgent across Europe. And it is hard to see how a transnational institution like …

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Bailing Out Politicians Now?

Even lifelong Democratic pol Steny Hoyer, majority leader of the U.S. House, is balking at Barack Obama’s latest bailout proposal. “I think there is spending fatigue,” said Steny. “It’s tough in both houses to get votes.” Hoyer was referring to Obama’s weekend letter to Capitol Hill calling for a $50 …

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