Monday, August 20, 2012

NIall Ferguson: Newsweak Cover tells Obama to "HIT THE ROAD, BARACK!"

Ferguson must be a pal of Tina Brown---both Brits, one with a giant brain and fund of historical knowledge.
Ferguson scores again and again on Obama's broken promises:
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.

The cover article of Newsweek finally makes sense.

Read the whole article for more reasons we should send this dude packing and put Mitt in the Oval Office with his giant brain Ryan.

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