2008-12-01

Wondering What Pat Buchanan Thinks Of The Auto Industry?

I find Buchanan to be incredibly interesting. Very few people I see or hear can match his knowledge of American political history. Since Detroit is in the news here's an article titled, 'Who killed the auto industry.'

He opens with:

"To hear the media tell it, arrogant corporate chiefs failed to foresee the demand for small, fuel-efficient cars and made gas-guzzling road-hog SUVs no one wanted, while the clever, far-sighted Japanese, Germans and Koreans prepared and built for the future.

I dissent. What killed Detroit was Washington, the government of the United States, politicians, journalists and muckrakers who have long harbored a deep animus against the manufacturing class that ran the smokestack industries that won World War II."

He adds:

"Like Alexander Hamilton, they understand that manufacturing is the key to national power. And they manipulate currencies, grant tax rebates to their exporters and thieve our technology to win. Last year, as trade expert Bill Hawkins writes, South Korea exported 700,000 cars to us, while importing 5,000 cars from us."

"That's Asia's idea of free trade."

As a bonus, here's his view with the path America is on with Obama titled "Socialist Republic."

Yes, we're all "Keynesians" now.



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