Friday, July 4, 2008

Buchanan: The Loss of Independence

Patrick J. Buchanan

July 04, 2008

The Loss of Independence
By Patrick J. Buchanan
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For most of the 19th century, the nation followed the economic policy of Hamilton and the foreign policy of Washington -- and was richly rewarded. By the first decade of the 20th century, America was the most independent and self-reliant republic in all of history.

And by staying out of two world wars of the 20th century until many of the bloodiest battles had been fought, America emerged in 1945 economically and politically independent of all other nations.

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And so we have become again a dependent nation. We borrow from Europe and Japan to defend the oil of Europe and Japan in the Persian Gulf. We borrow from China to buy the goods of China. We are as dependent on foreign borrowing as we are on foreign oil.

And the questions arise: If the men of '76, who led those small and vulnerable states, were willing to sacrifice their lives, fortunes and sacred honor for America's independence, what is the matter with us?

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