◼ WHOA: NEWSWEEK’S LATEST COVER MAY SURPRISE YOU - The Blaze
Newsweek’s latest cover story comes from none other than noted historian Niall Ferguson. The article, titled “Hit the Road, Barack,” argues that President Obama has proven that he‘s an economic illiterate and that Republican presidential candidate Mitt Romney and his running mate Paul Ryan’s “path to prosperity is our only hope.”
“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,” writes Ferguson.
“Welcome to Obama’s America,” he adds.
◼ Niall Ferguson: Obama’s Gotta Go - The Daily Beast/Newsweek
Mitt Romney is not the best candidate for the presidency I can imagine. But he was clearly the best of the Republican contenders for the nomination. He brings to the presidency precisely the kind of experience—both in the business world and in executive office—that Barack Obama manifestly lacked four years ago. (If only Obama had worked at Bain Capital for a few years, instead of as a community organizer in Chicago, he might understand exactly why the private sector is not “doing fine” right now.) And by picking Ryan as his running mate, Romney has given the first real sign that—unlike Obama—he is a courageous leader who will not duck the challenges America faces.
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.
UPDATED:
◼ Paul Krugman Calls Newsweek's 'Hit the Road, Barack' Cover Story 'Unethical' - Noel Shappard/Newsbusters
Please notice that the CBO report Krugman linked to is from March 30, 2011.◼ Unethical Commentary, Newsweek Edition - Paul Krugman/New York Times
What he failed to inform his readers is the CBO revised these numbers in a March 13, 2012, report finding "the insurance coverage provisions of the ACA will have a net cost of just under $1.1 trillion over the 2012–2021 period."
◼ Newsweek's 'Hit the Road, Barack' Author Strikes Back: 'I Suggest Krugman Reads a Wee Bit More Carefully' - Noel Shappard/Newsbusters
◼ Ferguson's Newsweek Cover Rebuttal: Paul Krugman Is Wrong - The Daily Beast
