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 ...
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...
Ferguson will make short work of Krugman.
Every once in a while, Weisenthal lets his mask of ‘impartiality’ slip, and shows how much he really is a shill for Obama...
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.
Paul Krugman? Somewhere, there’s a railroad car that deserves his thoughts. I think it’s a car full of fertilizer.
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.
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.”
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.
Kinda weird seeing the Gaelic spelling of Neal for a first name.
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. :)
Krugman received his in 2008. There have been 7 recipients since weaselly old Paul.
Krugman is a mental case, not an economist.
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.
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!’
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