[peyton randolph]

While I agree with the view that homes are overvalued, the rest is typical Buchanan sky-is-falling nonsense.

[r9etb]

Pat's angling for the Stopped Clock Award. Eventually he'll accidentally get one right. Not this one ... but eventually.

[Andy from Beaverton]

He's become a crackpot, just like his brother.

[Mase]

Every working day, we borrow more than three billion dollars from foreigners, notably the central banks of China and other Asian nations, in order to pay our import bills and keep our interest rates low.”

No need to read any further than this to understand that Pat's got an agenda, and an ax to grind, and is more than happy to willingly misrepresent any information to appeal to his protectionist disciples.

[Age of Reason]

“If Greenspan is popular . . . it is because he has made many middle-class home-owners millionaires, at least on paper.”

Fools gold.

“The Chinese lend us cash; we buy their goods”—like the college kid whose binge drinking is put on a tab by his bartender until the terrible settling of accounts at the end of the term.

. . . . . . As Chinese goods come to us, our technology, factories, and industrial jobs go to them. As China talks of exporting a $10,000 sedan to the United States, Ford joins GM in slashing 30,000 jobs

Pat is the Winston Churchill of our times.

Time will prove him right (and a true conservative).

More likely, our media elites will, as they did to the hapless Hoover, lay it all at the door of the White House. If the economy is going into the dumpster, George W. Bush will take the hit in the history books

Except I think the plan is to keep the economy propped up until the next Democrat president, so that the democrats can take the blame when the economy crashes.

[A. Pole]

How do we pay for all those foreign goods? Through what one economist calls “vendor financing.” Writes Cassidy, “The Chinese lend us cash; we buy their goods”—like the college kid whose binge drinking is put on a tab by his bartender until the terrible settling of accounts at the end of the term.

As Chinese goods come to us, our technology, factories, and industrial jobs go to them.

Free trade bump

[A. Pole]

How do we pay for all those foreign goods? Through what one economist calls “vendor financing.” Writes Cassidy, “The Chinese lend us cash; we buy their goods”—like the college kid whose binge drinking is put on a tab by his bartender until the terrible settling of accounts at the end of the term.

As Chinese goods come to us, our technology, factories, and industrial jobs go to them.

Free trade bump

[ex-snook]

Of course Pat is right. Otherwise posters would argue against his assertions in the article instead of hijacking the thread to talk about Pat.

Pat is the best analyst around. He is right that making China a permanent favorite trading partner is bad for our citizens. Pat is a prophet. Like all prophets he is despised for calling attention to fault. That was no more acceptable in the past than it is today in the era of the happy face.

P.S. He is gradually being proved right that invading and occupying Iraq instead of getting bin Laden's terrorists was also a mistake.

[Petronski]

DOOM!