Niall Ferguson

Man Bites Dog: Newsweek Runs an Anti-Obama Story

 

 

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. ']);" class="more-link">Continue reading

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