Pat Buchanan: Socialist Republic (Spot on!)

Human Events ^ | November 27, 2008 | Patrick J. Buchanan

[2ndDivisionVet]

When Pat gets it right, he hits a home run.

[Gator113]

It frightens me when I find myself agreeing with Pat. ;>)

[traviskicks]

ping

[Canedawg]

What would the Founding Fathers think of us now?

They'd be ashamed of us for not electing a natural born citizen as POTUS.

[trumandogz]

Pat is a little behind the curve on this matter. So, yes we are all socialists, from the President of the United States and the Sec. of the Treasury to every CEO in corporate American and of course the bankers.

Our government wrote a Trillion Dollar Check using our dollars to make us the biggest Socialist State in the history of the world.

And worst of all it was done by a GOP President and far too many Republican members of Congress.

[sickoflibs]

Except he wants to ban Japanese cars and give UAW endless welfare. Try :

Video of Schiff when he predicted this disaster. Watch the other guy offer him a bet that the economy is in great shape.

http://www.youtube.com/watch?v=2I0QN-FYkpw

No one knows what the future holds, or do they? It looks like celebrated investor Peter Schiff might have a crystal ball.

The Prediction
Almost two years ago he predicted that the financial markets were heading for crisis. At the time he told CNBC, “We’re on the verge of a major, major recession that’s probably going to start by the end of this year, maybe early next year. The housing market is just beginning to unravel. We’re seeing the tip of the iceberg here.”

In fact he went on to compare the economy to the Titanic then added, “I am here with the lifeboat trying to get people to leave the ship.”

According to Schiff, investors believed asset prices, real estate prices, and stock prices would go up indefinitely. But, as you know, it was a bubble. Now, markets are correcting for these imbalances.

http://www.cnbc.com/id/27823932

[Piranha]

As a sign of how topsy-turvey the world has become, here I am agreeing with Pat Buchanan! He is spot on, and I grieve for the loss of our great country to internationalism and corporate socialism.

[SoCalPol]

Spending, GDP, whatever.
Obsessing on the economy is like cleaning your home
when a tornado is ready to hit it.

Don’t think Bombay, India is thinking of GDP, deficits, etc. right now and a reminder the enemy has not gone
away.

[fortunate sun]

Well, Pat is wrong on the “Americans don’t save count” —
1. They are forced to save via the payroll deduction into Social Security.
2. Americans probably have the highest level of home ownership on the planet. A mortgage payment could be considered savings as a majority of mortgage payers have an honest intent on payment.
The failure of both is lack of access to funds or ease of access to funds in the case of a house.

[Theodore R.]

which is 99 percent of the time

[wastedyears]

What would the Founding Fathers think? They would consider (I hope our “elected leaders, and our modern-day Liberals) us unfit to live in a free republic.

[Theodore R.]

As the American idol “Bill” Clinton would say, it dependes on the meaning of “savings”.

[Theodore R.]

that must be because you never really knew where Pat stands on everything

[tbpiper]

When Pat gets it right, he hits a home run.

It's a 'blind squirrel and nut' thing.

[paul51]

This article is dead on.Why can't the congress, the fed and the people controlling the treasury understand this?

[Boiling Pots]

Right, and when it all comes crashing down into the ground, burning along the whole way, the Democrats will be able to pin the blame on the GOP.

[Viking2002]

Yeah, he's the conservative stopped clock that's right twice a day, but when he gets it, he gets it. I take personal exception to this, though:

'Americans save nothing. We spend more than we earn. Thus the levels of consumer debt, credit card debt, auto debt and mortgage debt. U.S. foreign-exchange reserves amount to a piddling $73 billion.

While he is right in a larger context, my wife and I broke out of that cycle as a matter of long-term planning and simple common sense. We know our income; we know our debts; we know what we wish to accomplish, and the future time-frame that we have to work with, or have set for ourselves as a personal goal. We're not millionaires, but we don't worry about the bank account being in the red two days before payday, or with getting hit with an unexpected bill. By living within our means (yet not denying ourselves the creature comforts we have richly earned through knuckle-busting labor), we can not only keep the wolf from the door and two counties away, but we can also feel confident that we'll realize our future goals.

[ari-freedom]

SS isn’t really savings and a house isn’t an asset that produces anything.

We’d have a much more balanced political economy if everyone was invested in the stock/bond market for retirement, as is the case in Australia. Politicians would not be able to demagogue against the producers because everyone would have a share in their success.

[trumandogz]

No, they are all to blame.

Each and every one of them that voted for the bail out or signed their name to the bail out.

[ari-freedom]

you’re doing the right thing but there are a lot of people that expect to be bailed out. They don’t even care about the crashing dow because they never owned any stock. They voted for Obama.