A Word on Words; 2627; Patrick Buchanan

building you know i am johnson you know once again welcome to work on we're i guess that began and welcome back at the twenty years you were nowhere i recall it very well you haven't changed their job you have to admit that i must say no presidential campaigning really appeals to you very rugged after conviction of california primary you go right into intensive care for these data now i gotta go and john were they based their already running a couple of motive never stopped a gift giver don't go oh i know there's one for my fate and mr alexander i think that even as we speak he's probably an answer or ilo or somewhere with the way most immune probably get a good deal on a plaid shirt ha ha ha ha ha ha ha ha ha ha ha i work for a living

now any other column i've got the senate's bill nye backup and i'm a journalist by location location i just did as president of thing jihad as a highly well as a year avenue a great betrayal that's the book the great betrayal and it's it and it's a story of how americans are empty and social justice of being sacrificed on the gods of global of the lid on the author of the gods of the global economy now it that your view of that then and you feel about it strongly feel about a passionately and then you write about it passionately with humor i mean you do have the biting you were an ability to put an eleven twisted but i'm surprised that that the great betrayal finds the greater the canon allied words people who weren't not viewed in the public mind as conservative i mean the views of george meany are expressed in here and in consonance with your own views of

labor leaders their views of people in history who are not considered conservative and on the other hand people like phil graham and george will find it on the other side of the point of view taken great valley forge on my view on that and i go back into the history of that is that many modern conservatives are really not conservatives an older tradition the free trade tradition goes back to fdr cordell hull and woodrow wilson back to the classical liberals of the nineteen century men who were liberals and radicals in europe and writers' room and protesters against their own society and that's where the free trade ideology or philosophy or faith comes from whereas economic nationalism was a traditional founding father certainly hamilton washington madison's turf they gained sixteen a tariff of abominations which caused problems down south and lincoln of course in all the republicans or economic nationalist and i'm very much in that tradition as the way to bond the nation together and maintain its manufacturing base and its economic independence

and stand living of its workers so in that sense i think i am in a conservative tradition when george meany argues that we ought to look out for the jobs of americans first he may not know it but it sounds like bill mechanic and some of these other fellows and in that hero who very much looked out for the standard living of american families american workers in those days you recall was three and four times what it was even in europe and so i think thats a tradition i'm in and those impulses i recommend because a good part of our country is not they're not sharing present prosperity which is different in your passport the basic thesis of it is that that this country in the interest of free trade and against the interests of american workers and in the interest of big business in america has really ever got about carrots and has forgotten about protectionism and has moved into a global

economy as as if it may know as if it as if it's just a competition abroad laden made no real real difference in the result that you point out is that you find workers in mexico are in asia working for a fraction of the dollars and the result is the american in the job in america and those abroad now you know it bill clinton is a free trader and bill clinton is there was an economy that the that that is booming have no doubt that his own popularity virtual crisis is boosted by that is this the best time to make this argument that was very difficult to make the argument and downs over nine thousand headed for ten thousand but i agree with the economist magazine in the financial times with the market bubble just as we did in the nineteen twenties the rehab asset inflation is being pumped up by the fed and chickens could go home to roost on the us market because it is hugely

overvalued but this is the best of times i think for those of us who haven't for one ks and pension profit sharing plans and every month you see it going up beyond your belief butter is jonah half of this country working america which is not sharing in that general prosperity where men have to have to have their wives we little kids at home and go out into the labor force to keep up the stand living for six years as decades up until ninety five the family income fell five percent the real wages of manufacturing workers between nineteen seventy two and nineteen ninety four prop nineteen percent so what's happening is you're losing some manufacturing jobs and the other manufacturing jobs that remain the real wages are falling for those below what they used to be a city that about half of this country are sixty percent his country into a treadmill and you're right i mean but economic in terms of economic growth is nothing compared to what we have between eighteen sixty five and nineteen fourteen when everybody shared when we have four percent growth average you

know when that major recessions in europe four percent growth when average with prices falling so i think you've got a you got a surface prosperity here and it is tough to make a sale but now's the time when you got to tell the truth because i think the chicken to come home to roost you know i was raised on the top there was a piece of legislation and i hadn't heard about thought about the law picked up a great piece of legislation that really inflicted on this country as a result of texas one of the isolationist on inflicted on this cause for the great depression that resulted in and oppressions abroad in europe that led to fascism that led to a live feed of the two sponsors that legislation there have been other historians and other economists who said mitt mitt mitt mitt but i would not call it was meant you you

assert that it is in fact and total smooth and hauling ali who the taliban are down and tennessee's son or al gore got the portrait of two thousand headed to ross perot in that period which rules a little this history or like a backwoods a ballistic of atlanta ga one example when someone calling pettitte was it was ten months was in june the market crash was made full twenty nine is was june thirty it was a crash course of strong impression but when we pass smoot hawley imports were four percent of our gross national product smoot hawley terps had a free listener large importer weren't touch but of two thirds say smoot hawley wasn't terribly increase or one percent of gdp now can that really be responsible for the stock market ford by ninety percent five thousand banks going under the economy collapsing and have of course now what causes depression

was that the fed was pumping money up too much during the roaring twenties where gross was at seven percent this money rolls into the stock market you're a huge stock bubble and there's been a large stalks come down casual encounter margin is it okay when you the other ninety percent is that nobody runs a bank gets its savings and editor savings out banks go down and was a military clash the financial crisis of the great depression the smoot hawley had nothing to do with it and these two characters are blamed for everything many blame for a wealthy nba but their own if it is i will and that they were running the head of it was run and over and one of them was more medicare seventy years old mutual and he was too old he was a dry in a way they were beaten by weather at big by younger candidates but they've got nothing to do it and they get in the new york times said it was a vase a green smoothies and of the highest type states where the highest like when he was defeated a great case not the historical

references and as always a thorough and researches the arts writer for the lovers of history section and the idea i must say that if you look at the world in which show washington and madison raise thirty raised hackles about about the protection protecting this nation was new if you look at the at the evolution of what jefferson thought madison's a madison's position if you look at jackson's time it that lincoln's time it was indeed a different world that you don't you don't acknowledge that in this time they might look at a different world for detroit and in the way for example that well you know on to raise revenue reagan was a conservative the heart but he was an ideological free trader he had been converted to that but you know it when reagan saw somebody in trouble a harley

davidson he put fifty percent tariffs on he put quarters on steel orders machine tools all those industries came back so reagan had a streak of of conservatives and traditions and pragmatism and that makes him different from an ideological free trade or like i'm like george bush i can see that and they also can see that look you can go back to nineteen thirty and i do agree that that a free trade agreement with canada where wages are no comparable and the regulations are comparable it is fair competition and the only thing you need to deal with and that is somebody manipulating its currency has the same effect it would exempt exam candidate rick santorum is that a trip that will serve as canada canadian dollars be worth eighty four cents will toward about six another seven to understand how that happens when they run a trade surplus new normal or that was so i think what you do with us and canada have the same grid we got but it just carriage to compensate for any up differential in currencies with a bridge which europeans certainly i would only put fifteen percent are basically for revenue and basically stop the ships going back and

forth with the goods and we should build our factories there everyone up with one seller the builder factories here it's with a third world countries and the countries where wages are tremendously low and i think you deter to compensate for the wage differential as teddy roosevelt recommended and when you got that then you get a level playing field for american workers to me is just an american jan to put those women down their drain we see hanna i can fix that anecdote and then i thought here is the canon this bleeding heart liberal political season bye bye ah but you know you could do you put a runaway indian positions president states a minute you like a unique united

case that that that the kennedy world really so that really was a really that was an over us you can call the fifties free trade but basically these economies were flat on the back for japanese were producing junk basically river kids made in japan that had crumbled the first time he dropped it but by the sixties and seventies i think what eisenhower did was correct because he opened up our markets and he sacrificed american history and some jobs but he had to do it to build up these countries and continents to be allies in the chorus my favor that it has priorities right it's around the kennedy clan and the johnson time in the next and time where i think free trade became something of an ideology and where our where we did not need to give unilateral concessions at all to anyone europeans had twice the world markets we do about the ground nineteen seventy so in my view i think that's where we went off the track him and i don't recommend radical changes i think you can gradually turn this around tweaking it back or factories in more and more americans we can produce more and more of what we consume

we're still a huge consumer of industrial goods we just make less innocent here and john okay this the people around this world are very very capable chinese the mexican folks and others we will lose every single factory we have got if we don't change or whether we now have in portugal to fifty three percent of manufacturing production is going up every year and when the tsunami comes in from wesco from asia with their currencies cut in half and those high quality goods are cheap prices can rest are taken down factories and plants and killing jobs and i'll tell you the end of this year f l c o n rollers could be demanded to know what in heaven's name clinton gore going to do to save the jobs of their workers and i'm going to italy and they're exactly right let me really does take you back to a moment to urge to be references you like president reagan and president ford

with you you put a you put am you put a thoughtful conservative in the presidency and they let the world around them and they see a competitive world they feel pressures from corporate america and they hear as gerald ford heard brent scowcroft day are stories about reactions around the world if we become protections to flee raise tariff barriers what a fourth president to do in the situation you're in the white house when that retraining free trade movement a call as a foreigner roger milliken came to this regional context they're less and you're taught to do they get free trader in one of sixteen the polish hall up that's what i do you know i mean this is why i don't i don't allege malevolence of any kind i do think is sort of an almost religious belief in you could see the origins of the summary statement a quasar religious but you're right republican party has adopted this free trade

philosophy and ideology to the point where you can't challenge it is you're outside the church and if you do that and it has been something that but as i point out there that really was not our tradition our origins when programs as i could never support someone who's a protectionist knees eliminate it everybody from lincoln told eisenhower sure am no way up and so that that our tradition but you know i think that in the white house or in politics now it's very tough to go up against that but i will say john where women i know held one was on the campaign trail i stood up there in anticipation look i was the only one against nafta graham goal fortune for it we were right they were wrong and nobody defended the free trade philosophy in the primaries but whatever you've got candidates are a party that no longer defends its intellectual ground and has given up people lose its political ground eventually that's how we beat the president on fast track republicans still believe in

free trade but they know it hurt him politically and many are moving away from that and now we have one third of the republicans in the house who i think i'm nicole buchanan i'd or economic nationalist they along with union folks defeated this track its first defeat for free trade proposal that magnitude since nineteen forty six you don't think the presidents served first the problems acknowledging that public now turned against him because of you know but you don't think that that contributed to go to a focus in recent it fester through our present know i think this was basically the union unions they made this this is no limit this is it and they've been very strong supporting democrats and they held on and won a lot of believe that we had the perot supporters and we've got these economic nationalist republicans and probably some republicans use of vodka i don't know where the ride roman elected president of victory just russians every time you know we get any victories in these bases

well i mean lots of the west dalton mexico for shorter form of and you say that it's especially a little picture and talk about that's what i don't want more say we've got all of them no tariffs that are composers country take all of that the new mexico i mean you point out difference to workers' salaries and how tough it is for it the manufacturers' to build plants in the united states for war american workers wondering when they can get workers in mexico cuba you don't say it that that left him alone ah will argue most a period during which wages will rise in mexico that would provide something close to bridge oh for the time it would take those three thousand plants down and killed or appliance now unemployed workers mexico's approaching a hundred million people use of all that the idea was that we would sell our high

quality manufactured goods and they would bring in their products but mexico now exports to the united states ten times as many automobiles as we export to mexico what then the landowner became a michigan missouri ohio during dinner because you get hard working mexican laborers for six bucks an hour in a ford plant in hermosillo no environmental regulations comparable lords no health and safety regulations folks live and tarpaper shacks or tin shacks alongside get what you get is you're manufacturing base is going to go down there because we in this country for better or worse to put tremendous burden on business in terms of environmental and safety social security payments and in health protections hours and wages and we want to have people of a higher standard liberal when you decide those things that legislators and in and say look you can avoid all those laws in yours go over here is wide open and bring your product that we are driving our business men are big businessmen have this country some are leaving out of just pure corporate

greed our winning in the end they're really not american businessmen more mature these transnational summertime are citizens the world and of course american couple it was a governing body said about consumers who who may think they benefit of whom seems to insist that they benefit or from lower prices from lore produce commodities from mexico or asian countries farming as the fords cost less moisture i mean as nike shoes a day make for two books of indonesia they cost about four blocks here around fifty dollars endowment the point is many a corporation out of their pocket in the modern us why you're your doubts one reason for dolls up there around mt nine thousand right now but john united states with a consumer market including canada of three hundred million is a huge enough market in and of itself so that competition within that market will bring prices down again go back to the period i describe it a great republican era for making sixty to nineteen thirteen prices fell

another between forty and sixty percent of goods you take a look at the price levels in the free trade or another chart and there they start going up like that you think raising tariffs is you think raising tariffs will love will bar those goods or you know what a born because you used heroin and only just raise the price of your peers say deterrence as a tax in some cases clue consumer reporter at so it raises a price on but what an income tax is a tax corporate income tax is a tax social security payments or taxes medicare payments for every dollar you at want to the turf coming in the border yet reduce the taxes of workers and investors in the united states so you can change the price level at all you're just been a shift the burden of taxation on imports in many cases let's take this tonight's nike's itself around and fifty bucks here and they're made for two books and indonesia suppose you take the tube the tube up then you put a thousand

percent tariff on tape twenty two a box and raises prices twenty bucks you just you don't take that the us government and cut taxes at home so that makes american products produced at home far more competitive against foreign products become an event in a large they start carrying part of the tax burden that american products carry your car probably caused huge american forty five percent of that is taxes so every product that would be what you would ideally as every product sold united states of america carries the same taxes lower same contribution to our national defense with it was made in taiwan when it was made in tennessee twenty teachers for us out of the idea of the canon theory on a thick stacks of its income tax the tax there are there and most people are the five websites with before if you can put four million dollars and adds in the flat tax will be identified right message are

tax id up there they see as a lookout for a flat tax new hampshire long before he got in the race but here april was ads in their nets at graduation the forbes flat taxes is is it is an interesting idea but they're sensing he jokes my first exam soul dividends interest capital gains which means the trust fund babies down palm beach they don't pay any taxes altogether certain the drinks on a grander than seventeen percent as i can fly politically certainly forbes says you know i was a twenty minute we dropped off the rolls everybody gets a tax cut and not and thirty people pay more gently percent tax cut the vermont it's a tax cut see me lose revenues are now and have that is not been explained how you bounce a budget that is it just an overall tax cut in which case maybe just a big house take the level down to ten percent and the rebuttal below fifty thousand so but there's there are advantages clearly to a flat tax in terms of simplicity and get rid of the forms and for the iris reducing the arson size and so i had a flat tax was different in forbes i would

have the capital gains dividends and interest or tax district what the different scale would make sure that the rich contributor changers well let me have maybe get a camera zooming in this is a great betrayal and that is pat buchanan traveling across this country i think by train the american flag waving just behind him are over is so naturally over his right shoulder silence abbas that now it becomes a question sure why is the great betrayal a presidential campaign valedictory are is an early declaration of fantasy well it's so that is a companion book to that end this when deals with the charts and on the protections and explains exactly with another one is that i'm an isolationist closer to the nicest things i was called a whole campaign and i got a book called america first which points out that america was never an isolationist nation and what kind of foreign policy we'll have the new year this basically is a programme for the twenty first century

for the united states to markets remain the greatest country on earth and foreign policy he's one of at the end of the next book and that also goes for american history which i love and takes lessons and principles and the people i think who are the wisest and looking ahead and it said janet your heroes woodrow wilson fdr or not as a citizen are you gonna do i don't know if i would do it again and got a scar tissue other two tours of duty or dare i will take a hard look at this time i have to be a will sure be sure that i can win the nomination which i think i could because we did well last time against an opponent got started at the department but did you do in a general election than this book a course of the chronic the corporate folks happy many of them are republicans and say you take a look at weather you get too much compared to call work isn't a tough is it and it will come with a republican leadership

rife with free trade is a near impossible to like the great betrayal case ronald reagan and six we get a new hampshire in an economy is in very good shape then a kilowatt what makes not too difficult because there are people i don't know what's the truth they lived in their towns and communities and cities within that down here in tennessee when you read your own paper plant shutting down manufacturing plant going overseas and other folks say well it's just natural change and it has an innate sense of all of us luck is it really good to be losing all this tremendous manufacturing base it was our legacy haven't all gone overseas and is this wealthy we've gotten little pieces of paper and numbers have come in no

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