Economy – Page 20 – Patrick J. Buchanan

19th Century Americans

February 10, 2019April 23, 2010 by Patrick J. Buchanan

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“Thank you, Hu Jintao, and thank you, China,” said Hugo Chavez, as he announced a $20 billion loan from Beijing, to be repaid in Venezuelan oil. The Chinese just threw Chavez a life-preserver. For Venezuela is reeling from 25 percent inflation, government-induced blackouts to cope with energy shortages and an …

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Who Should Pay the Piper?

March 9, 2010 by Linda

Greece this past weekend saw the worst rioting since the debt crisis began. After Athens had announced new tax hikes and budget cuts to reduce a deficit of 13 percent of gross domestic product, mobs drove guards from Greece’s Tomb of the Unknown Soldier and attacked police.

Pitching for America

March 5, 2010 by Linda

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It was Father’s Day, 1964, when the Phillies’ Jim Bunning, a father of seven, took the mound against the Mets. Ninety pitches later, Bunning had struck out 10 and allowed not one batter to reach first base. Twenty-seven up, 27 down. The first perfect game in 86 years in the …

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Obama’s Problems — and Ours

February 28, 2010 by Linda

We inherited the worst situation since the Great Depression.

That is the reflexive response of President Obama to the troubles from which he has been unable to extract his country.

Even before the inauguration, he says, there were projections of a $1.2 trillion deficit for 2009. That deficit is not my deficit.

Is This How Democracy Ends?

February 19, 2010 by Linda

By Patrick J. Buchanan

“I used to think it would take a great financial crisis to get both parties to the table, but we just had one,” said G. William Hoagland, a former adviser to the Senate Republican leadership on fiscal policy.

“These days, I wonder if this country is even governable.”

Quoted in The New York Times’ lead story, “Party Gridlock Feeds New Fear of a Debt Crisis,” Hoagland nailed it.

Crisis of the Government Party

January 29, 2010January 29, 2010 by Linda

President Obama is in a dilemma from which there appears to be no easy or early escape.

Democrats are the Party of Government. They feed it, and it feeds them. The larger government grows, the more agencies that are created, the more bureaucrats who are hired, the more people who become beneficiaries, the more deeply entrenched in power the Party of Government becomes.

A Decade of Self-Delusion

February 10, 2019December 29, 2009 by Patrick J. Buchanan

About the first decade of what was to be the Second American Century, the pessimists have been proven right.

According to the International Monetary Fund, the United States began the century producing 32 percent of the world’s gross domestic product. We ended the decade producing 24 percent. No nation in modern history, save for the late Soviet Union, has seen so precipitous a decline in relative power in a single decade.

For Whom the Bell Tolls

November 6, 2009November 5, 2009 by Linda

For the Blue Dogs, Tuesday was a fire bell in the night.

Virginia Republicans led by Robert McDonnell crushed the most conservative Democrat nominee in decades, rolling up a victory that rivaled Ronald Reagan’s rout of Walter Mondale.