Monday, August 20, AD 2012
Having followed the political scene in this country since 1964, few things surprise me. Newsweek running an anti-Obama story did. British historian Niall Ferguson writes a damning article on Obama as he calls for his defeat:
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.
Welcome to Obama’s America: nearly half the population is not represented on a taxable return—almost exactly the same proportion that lives in a household where at least one member receives some type of government benefit. We are becoming the 50–50 nation—half of us paying the taxes, the other half receiving the benefits.
Go here to read the rest. The panicky and outraged reactions in the comment boxes from many of the regular Newsweek readers who rely on it to preach unadulterated Leftism are a hoot to read.