I’m no Buchanan fan, but how is he wrong in this piece?
Would you borrow money to invest in a business that is nearly 60 billion in debt and has a value of 3 to 4 billion?
He makes NO mention of the UAW and other unions which made it unprofitable for U.S. corporations to continue to have manufacturing operations in the U.S.
THEY certainly aren’t the “fault’ of Republicans.
AND, the foreign manufacturers located their plants in the south to AVOID Unions, NOT because of some “economic Nationalism of Reagan”.
“I’m no Buchanan fan, but how is he wrong in this piece?”
He is wrong in two major respects: 1) free trade is good, and 2) corporatism is bad. When it comes to economic matters, Buchanan is purely and simply a statist.
He’s advocating socialism.
I’m no Buchanan fan, but how is he wrong in this piece?
Great question!
I read a lot of anti-Buchanan rants here....the same ones who regurgitate the failed Free Trade mantra, even when reality has dismissed their failed theories as moot.
But, Buchanan has quite accurately pointed out that the “Toyota Republicans” have screwed the GOP...esp if any GOP presidential candidate wants to win the industrial states....and voters in those states who are nominally conservative (except when it comes to their jobs)
And, the real message here...is that the same Senators who killed the auto bailout are from states that had no problem subsidizing foreign auto makers....they would rather aid a foreigner than an American
I wonder if those, who chide Buchanan for still being “in the 1950s or 1940s”....really prefer the economic situation of 2008?
Cause he lives in the past..