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Niall Ferguson Has Been Wrong On Economics ("Hit The Road, Barack" - Newsweek))
TBI ^ | 8-19-2012 | Joe Weisenthal

Posted on 08/19/2012 4:54:25 PM PDT by blam

Niall Ferguson Has Been Wrong On Economics

Joe Weisenthal
Aug. 19, 2012, 6:44 PM

Niall Ferguson has a huge piece in The Daily Beast saying Obama needs to get fired titled: "Hit The Road, Barack."

It's basically an ell-encompassing takedown of Obama's record on the economy (it still sucks), the deficit (it's getting bigger) and America's standing in the world (The Mideast has not gotten safer).

It even hits Obama for stuff like this, which seems totally inevitable at some point, regardless of who is President.

Newsweek

Anyway, as you read Niall Ferguson, it's worth noting that he has been wrong on economics ever since Obama took office.

Here in the Summer of 2009 (just after the crisis) he declared that the bond market was already (!) showing signs of rebelling against massive deficits. He wrote:

On Wednesday last week, yields on 10-year US Treasuries - generally seen as the benchmark for long-term interest rates - rose above 3.73 per cent. Once upon a time that would have been considered rather low. But the financial crisis has changed all that: at the end of last year, the yield on the 10-year fell to 2.06 per cent. In other words, long-term rates have risen by 167 basis points in the space of five months. In relative terms, that represents an 81 per cent jump.

Most commentators were unnerved by this development, coinciding as it did with warnings about the fiscal health of the US. For me, however, it was good news. For it settled a rather public argument between me and the Princeton economist Paul Krugman.

It is a brave or foolhardy man who picks a fight with Mr Krugman, the most recent recipient of the Nobel Prize for Economics.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: elections; hittheroadbarack; joeweisenthal; newsweek; niallferguson; obama; politics; thedailybeast
The machine comes after Niall.
1 posted on 08/19/2012 4:54:33 PM PDT by blam
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To: blam
Niall Ferguson: Obama’s Gotta Go
2 posted on 08/19/2012 4:57:51 PM PDT by blam
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To: blam
It is a brave or foolhardy man who picks a fight with Mr Krugman, the most recent recipient of the Nobel Prize for Economics.

Just to say, it's not your father's Nobel Prize. Obama got one after only 2 weeks in office. The Nobel Committee is made up of political left-wing socialists and anti-Americans. Krugman is a left-wing socialist, too. Birds of a feather...

3 posted on 08/19/2012 5:01:01 PM PDT by Alas Babylon!
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To: blam
It is a brave or foolhardy man who picks a fight with Mr Krugman, the most recent recipient of the Nobel Prize for Economics.

Ferguson will make short work of Krugman.

4 posted on 08/19/2012 5:02:15 PM PDT by Huntress ("Politicians exploit economic illiteracy." --Walter Williams)
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To: blam

Every once in a while, Weisenthal lets his mask of ‘impartiality’ slip, and shows how much he really is a shill for Obama...


5 posted on 08/19/2012 5:03:30 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: blam
Anyway, as you read Niall Ferguson, it's worth noting that he has been wrong on economics ever since Obama took office.

That's a weird statement. Niall had been right up until Barry came to power and began the destruction of capitalism? It sounds like Mrs. Weisenthal's little Joey is making excuses for his messiah.

6 posted on 08/19/2012 5:05:00 PM PDT by FlingWingFlyer (Had enough of the freaks running the show yet?)
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To: blam
The Mideast has not gotten safer. THE MIDEAST HAS NOT GOTTEN SAFER??? It is so much more dangerous than ever before, I am sick to my stomach when I think of the powder keg Obama has created. AND WITH OUR MONEY!! I am praying that we can restore America to it's former glory. The Baby Boomer generation inherited a much better America than we are bequeathing our children, grandchildren and great-grandchildren.
7 posted on 08/19/2012 5:05:11 PM PDT by originalbuckeye
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To: blam

Paul Krugman? Somewhere, there’s a railroad car that deserves his thoughts. I think it’s a car full of fertilizer.


8 posted on 08/19/2012 5:08:36 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: blam
Look here: I won a Nobel prize too!
9 posted on 08/19/2012 5:19:31 PM PDT by tumblindice
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To: blam

Anyone who can see Hit “The Road, Barack” on the cover of Newsweek and not see - clearly - that Hillary is running, is blind as a bat.

October surprises can take Obama off the ticket through “breakthroughs” on any number of blazing scandals that haunt the guy.

Or, in the alternative, she absolutely MUST get Romney elected, so that she can provide the 2016 “contrast” to the Romney Republican “failure” (remember, he’s as big time RINO as they get) and Obama’s “naivete’.”

But 2016 is a long time away, and it’s being talked about for Hillary right now, and anything talked about Hillary is, by definition, a lie.

So I still figure the bitch has her eyes on 2012, in some sort of last-second gambit where she replaces one or the other village idiots on the Rat ticket without any time for her to be scrutinied by the election process. After all, she’s Hillary! - elections are for little people.


10 posted on 08/19/2012 5:22:35 PM PDT by Talisker (One who commands, must obey.)
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To: blam

Journalism prof to students: Don’t model yourselves after Business Insider’s Joe Weisenthal

Despite Weisenthal’s productivity, passion, knowledge and reach, Reimold writes, “he is not a role model I would hold up for my own students.” His reasons:

“He almost never separates himself from his work.”
“He is wrong and sensational a lot.”
“He writes too much – and not enough.”

http://www.poynter.org/latest-news/mediawire/175402/journalism-prof-to-students-dont-model-yourselves-after-business-insiders-joe-weisenthal/


11 posted on 08/19/2012 5:24:13 PM PDT by kcvl
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To: blam

12 posted on 08/19/2012 5:28:30 PM PDT by kcvl
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To: Alas Babylon!

Krugman’s Nobel is just as crookedly leftist as Obama’s or for that matter, Durante’s Pulitzer for the Ukraine starvation/USSR utopia reporting.

Nobody except the Koolaid Kommissars of the Left gives an iota of credence to Krugman or his views. The last of the die in the last ditch Keynsian true believers.


13 posted on 08/19/2012 5:38:57 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Talisker
I'm thinking the Illegal is beginning to scare a lot of really rich DemonRats and scare then badly with his blatantly Marxist attacks on capitalism, the rich personally, and remarks about "shared prosperity." They're also finally looking at the horrible damage he's going to do to their portfolios. Thus, they're turning on him and this Newsweek article, along with its accompanying gloomy, unflattering B&W photos and highly antagonistic cover is a clear, DemonRat establishment attack on him. A lot of thought by very important DemonRats had had to go into the decision to publish this issue. He must have received a lot of private warnings, all ignored before thy fired off this issue. They feel threatened, very threatened.
14 posted on 08/19/2012 5:40:58 PM PDT by libstripper
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To: blam

Kinda weird seeing the Gaelic spelling of Neal for a first name.


15 posted on 08/19/2012 5:54:18 PM PDT by crz
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To: Travis McGee

Krugman’s Nobel in economics is like Obama’s Nobel in peace.

Algore needs a Nobel prize in science for discovering man-made global warming to make the collection complete. :)


16 posted on 08/19/2012 5:57:11 PM PDT by SaraJohnson
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To: blam
It is a brave or foolhardy man who picks a fight with Mr Krugman, the most recent recipient of the Nobel Prize for Economics.

Krugman received his in 2008. There have been 7 recipients since weaselly old Paul.

17 posted on 08/19/2012 5:58:05 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Krugman is a mental case, not an economist.


18 posted on 08/19/2012 6:03:55 PM PDT by Hardraade (http://junipersec.wordpress.com (I will fear no muslim))
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To: blam
So Ferguson was declaring victory in 2009 in his prediction of a bond market rebellion, but everyone should know what's happened since then.

Obama's team promised unemployment would remain below 8% if his stimulus passed, but everyone should know what's happened since then.

Both Ferguson and Obama should be voted out of office, based on their faulty predictions.

19 posted on 08/19/2012 6:04:11 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: blam

My guess is that Newsweak, after years of printing drivel as worthy news and watching their circulation swirl down the toilet, is trying a new tack...’Let’s print something true and see if it sells!’


20 posted on 08/19/2012 6:24:19 PM PDT by ArtDodger
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To: blam

“Let’s see Mr. Ferguson’s last 10 years of income tax returns. We were told that he paid no taxes. If he shows those, we won’t ask for the last 25 years and audit him for the rest of his life.”

“We were Just told that Mr. Ferguson molests little girls. Forget the arrangement about the tax returns.”


21 posted on 08/19/2012 7:12:18 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: blam

Someone tell me why Jews like this guy kiss a marxist’s ass????????? What, Stalin didn’t purge enough Jews for him???????????????????? Pathetic.


22 posted on 08/19/2012 8:00:49 PM PDT by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: blam
It is a brave or foolhardy man who picks a fight with Mr Krugman, the most recent recipient of the Nobel Prize for Economics.

Yeah, well, when the award when to Krugman, I lost respect for the folks making THAT decision. Seems like the panel that awarded that Nobel is in the same political vein as the one that awarded Algore and Barack Obama THEIR Nobel Prizes.

23 posted on 08/19/2012 8:21:15 PM PDT by SuziQ
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To: SuziQ

Don’t forget Arafat and jimmie carter


24 posted on 08/19/2012 9:18:29 PM PDT by blam
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To: blam; SuziQ

...and Le Duc Tho.


25 posted on 08/20/2012 9:10:36 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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