Newsweek: Obama Needs To Go

[Ronin13]

Niall Ferguson is the man! His story "Obama Needs To Go" made the cover of newsweek! He makes some really great points... And you gotta love the cover!


http://www.thedailybeast.com/content/newsweek/2012/08/19/niall-ferguson-on-why-barack-obama-needs-to-go/_jcr_content/body/inlineimage_4.img.503.jpg/1345413183554.cached.jpg
Obama promised “not only to create new jobs, but to lay a new foundation for growth.” He promised to “build the roads and bridges, the electric grids, and digital lines that feed our commerce and bind us together.” He promised to “restore science to its rightful place and wield technology’s wonders to raise health care’s quality and lower its cost.” And he promised to “transform our schools and colleges and universities to meet the demands of a new age.” Unfortunately the president’s scorecard on every single one of those bold pledges is pitiful.
...
But the total number of private-sector jobs is still 4.3 million below the January 2008 peak. Meanwhile, since 2008, a staggering 3.6 million Americans have been added to Social Security’s disability insurance program. This is one of many ways unemployment is being concealed.

In his fiscal year 2010 budget—the first he presented—the president envisaged growth of 3.2 percent in 2010, 4.0 percent in 2011, 4.6 percent in 2012. The actual numbers were 2.4 percent in 2010 and 1.8 percent in 2011; few forecasters now expect it to be much above 2.3 percent this year.

Unemployment was supposed to be 6 percent by now. It has averaged 8.2 percent this year so far. Meanwhile real median annual household income has dropped more than 5 percent since June 2009. Nearly 110 million individuals received a welfare benefit in 2011, mostly Medicaid or food stamps.
...
We are becoming the 50–50 nation—half of us paying the taxes, the other half receiving the benefits.
...
The ratio that matters is debt to revenue. That number has leapt upward from 165 percent in 2008 to 262 percent this year
...
the president has done absolutely nothing to close the long-term gap between spending and revenue.
That's just some excerpts from the first of 5 pages... pretty good article!
http://www.thedailybeast.com/newsweek/2012/08/19/niall-ferguson-on-why-barack-obama-needs-to-go.html

[Singlestack]

Wow - the MSM and Beeho's minions are going to rake Newsweek over the coals for this. This isn't toeing the campaign narrative, at all. Gee, with Fareed Zakaria's recent plagiarism problems, interesting going-ons in the liberal press these days...

Singlestack

[BPTactical]

Should send a rattle or two through the MSM......

[Big Wall]

Awsome front cover coverage of a topic no one wants to touch. I really hope the silent majority steps up to the plate in November.

[Bailey Guns]

That's a pretty strong article considering Newsweek is a serious player in the liberal MSM.

[yankeefan98121]

"The voters now face a stark choice. They can let Barack Obama’s rambling, solipsistic narrative continue until they find themselves living in some American version of Europe, with low growth, high unemployment, even higher debt—and real geopolitical decline.
Or they can opt for real change: the kind of change that will end four years of economic underperformance, stop the terrifying accumulation of debt, and reestablish a secure fiscal foundation for American national security."

love it

[spyder]

I like this quote^

[Aloha_Shooter]

I'm rather pleasantly surprised <i>Newsweek</i> published this and gave it this kind of cover treatment. I don't believe for a moment they've changed their stripes there -- Niall Ferguson was a McCain adviser so not part of their usual coterie of dyed-in-the-wool liberals -- but perhaps this is part of a new direction to try to be more objective and balanced in their coverage now that they're no longer under the iron boot of the Washington Post.

I would be far more hopeful if Juan Williams, Ed Koch or Mario Cuomo were intellectually honest enough to have penned this editorial.