The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Monday, August 20, 2012

Newsweek! No You Didn't!

After a few editions of Newsweek focused on the shortcomings of, and problems endemic in the Romney campaign, It appears 'equal-time' was deemed necessary by Newsweek editorial management.

How about this weeks magazine cover?

It is worthwhile to note the author of the "Hit the Road , Barack", starts his less the credible piece as follows.

Niall Ferguson: Obama’s Gotta Go

Why does Paul Ryan scare the president so much? Because Obama has broken his promises, and it’s clear that the GOP ticket’s path to prosperity is our only hope.
I was a good loser four years ago. “In the grand scheme of history,” I wrote the day after Barack Obama’s election as president, “four decades is not an especially long time. Yet in that brief period America has gone from the assassination of Martin Luther King Jr. to the apotheosis of Barack Obama. You would not be human if you failed to acknowledge this as a cause for great rejoicing.” 
Despite having been—full disclosure—an adviser to John McCain, I acknowledged his opponent’s remarkable qualities: his soaring oratory, his cool, hard-to-ruffle temperament, and his near faultless campaign organization. 
Yet the question confronting the country nearly four years later is not who was the better candidate four years ago. It is whether the winner has delivered on his promises. And the sad truth is that he has not.

The author's opening words tell all about his ability to perceive any level of positive or negative thought about President Obama. 
"I was a good loser four years ago." 
The then embarks of a brief,  but sadly ingratiating rationalization of race regarding the assassination of Martin Luther King and the election of the nation's first African-American President. He starts his piece with  his 'colors' (excuse the pun) showing and those colors reveal possible inner  psyche and paradigm that relegates the election of Barack Obama to that of Illinois Joe Walsh and Rush Limbaugh.  "He was elected due to his race".  Neither demagogue (including Ferguson) acknowledge the severe shortcomings of the McCain/Plain ticket, nor do they properly reflect on the mindset of the nation as we came out of 8 years of Bush/Cheney "GOPISM".

Ferguson quickly moves from his implied condescending (the election of the "black man") to a rather pernicious attack on the 44th President of the United States of America. He writes about failed promises from candidate Obama in a strange sort of soliloquy that frankly tires as one considers the reality of America post January 20, 2009. 

We have embedded a short Face the Nation video, what appears as a Tweet, and a link to Ferguson's article. 

Face the Nation segment this past Sunday.

And the story goes to Twitter...
COVER STORY: Obama has broken his promises, and it's clear that the GOP ticket's path to prosperity is our only hope

Ferguson's The Daily Beast piece.

After a few comments about Ferguson's article and  Newsweek's  decision to front cover the piece , I am going to refer to a much more credible and progressive view of Ferguson's article. Paul Krugman has written about the article via his New York Times column and so has Noel Sheppard of The News Busters. while others have written about the sad state of Newsweek's choice of cover story, the two pieces fit my paradigm and opinions on this issue.

Ferguson (a British writer)  admits he supported the McCain/Palin ticket to win the 2008 Election. The admission, frankly, places Ferguson in the realm of one who would condemn the president regardless of accomplishment and progress. Moreover, Ferguson tipped his credibility via his lack of ability to grasp the outcome of the 2008 election. 

McCain/Palin would have surely ended in an economic depression that would have spread across the globe like a plague. The nation was in dire need of a change form the false economic theory of trickle-down and it was in dire need of of a 'breathe of fresh air'.  McCain's sad choice of Palin (maybe strongly influenced) did not yield critical consideration of, "what happens if the 72 plus year old McCain, succumbed to heath issues (and was even temporarily incapacitated? 

Ferguson strategically overlooks the empirical fact that within weeks of Obama taking office employment numbers reacted.  Ferguson also appears to subscribe to the ridiculous mantra that the stimulus did not work.  He reaches for unemployment numbers that peaked at 10.1% and have fallen to very close to the unemployment rate when he took office. Of course, that rate of early 2009 rate of 7.9% was inclusive of Bush humongous job loss numbers in late 2008 through January 2009.  However, data clearly shows the stimulus influenced the lowered rates, and yes the unemployment rate is still unacceptable. 

Rather than continue with personal comment about Ferguson's flawed screed, I am going to defer to two professionals who have more in-depth perspectives.
Noel Sheppard aptly stated the case against Ferguson's piece via this link
The ultra credible Paul Krugman. (It is too bad Obama did not ask and secure this guy as a cabinet member during his first term).
Paul Krugman - New York Times Blog

August 19, 2012, 4:31 PM 
There are multiple errors and misrepresentations in Niall Ferguson’s cover story in Newsweek — I guess they don’t do fact-checking — but this is the one that jumped out at me. Ferguson says: 
The president pledged that health-care reform would not add a cent to the deficit. But the CBO and the Joint Committee on Taxation now estimate that the insurance-coverage provisions of the ACA will have a net cost of close to $1.2 trillion over the 2012–22 period.
Readers are no doubt meant to interpret this as saying that CBO found that the Act will increase the deficit. But anyone who actually read, or even skimmed, the CBO report (pdf) knows that it found that the ACA would reduce, not increase, the deficit — because the insurance subsidies were fully paid for.
Read more.....
Newsweek's decision to run the story, front page is a astonishing.  Krugman indicates the story is factually incorrect.  Did Newsweek rush to balance their reporting, coverage and SALES, via publishing and front-page a lengthy piece that is based in bias of the writer. A writer who manages to avoid serious contemplation of empirical data. 

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