Niall Ferguson attacks President Obama

Niall Ferguson: "Obama’s Gotta Go”

 is what Ferguson wrote in the news issue of The Newsweek.

One must take into account that Niall Ferguson had been an adviser to John McCain which points out his own ideology which might have clouded his view when writing his article.

Furthermore Niall Ferguson wrote, “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.”

In in article he uses detailed numbers to validate his argument but he does not consider the question why Obama could not keep his promises. 

President Obama took office during the worst financial crises since the Great Depression after the passage of the United States' Smoot-Hawley Tariff in the 1930s. 

President Obama took office during a time when the income tax for the wealthiest in the United States was and still is at a historical low.

President Obama took office during a time when bankers got reworded for causing this financial crisis.

Nonetheless President Obama took on the challenge to tackle Healthcare despite overwhelming opposition from the right (GOP) as well as interest groups who feared a loss in their revenue, like insurance companies who otherwise could charge whatever they want. Surely what President Obama got was not perfect but only a compromise.  It would have been better if  the U.S. would have gotten a single payer system like the Europeans or in Asians have. However, to call President Obama's compromise a failure shows where Niall Ferguson interests are situated.  

Moreover  Niall Ferguson complains about President Obama's diplomacy. He calls him weak because President Obama is not like J.W. Bush and probably also Mitt Romney and Paul Ryan a war president. Do we really want to go back to the time of J.W. Bush and start a war again just because we want to look tough? Being cautious is not a sign of weakness but wisdom. 

And now Niall Ferguson’s solution is, to elect a man to become president who is a millionaire but who is clearly  not interested in the struggling American middle-class but in the ones who supported him with billions during this election cycle. In addition Niall Ferguson argues for a vice-president who wants to make the American people suffer in the same way as those in Greece, Spain, Portugal etc.  So the Mitt Romney and Paul Ryan pact can continue to give more money to the banks which have caused this misery in the first place.

Niall Ferguson suggest to have valued added tax like in Germany which would be even unfairer as the current tax giveaway to the super-wealthy. It would make life for the poor as well as the middle-class even more difficult.

Writers like Niall Ferguson are out to protect their wealth regardless of the suffering of the common man around the world. I often wonder about this kind of journalism. I wonder about the ones who have their own private agenda, the ones who protect their own interests as Niall Ferguson does and see in the GOP ticket as a path to more prosperity for themselves and the ones who have more than they ever need.