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.

In his inaugural address, Obama promised “not only to create new jobs, but to lay a new foundation for growth.” He promised to “build the roads and bridges, the electric grids, and digital lines that feed our commerce and bind us together.” He promised to “restore science to its rightful place and wield technology’s wonders to raise health care’s quality and lower its cost.” And he promised to “transform our schools and colleges and universities to meet the demands of a new age.” Unfortunately the president’s scorecard on every single one of those bold pledges is pitiful.

www.thedailybeast.com...

In an unguarded moment earlier this year, the president commented that the private sector of the economy was “doing fine.”

'You Didn't Build That!' in Context

Meanwhile, since 2008, a staggering 3.6 million Americans have been added to Social Security’s disability insurance program. This is one of many ways unemployment is being concealed.

10 million that have been added to the welfare rolls, 4 million that is been added to the disability rolls the extensions of unemployment benefits all hide the real unemployment rates so don't be fooled.

And even that figure understates the real debt burden. The most recent estimate for the difference between the net present value of federal government liabilities and the net present value of future federal revenues—what economist Larry Kotlikoff calls the true “fiscal gap”—is $222 trillion.

Get that? 222 Trillion dollars but Obama spending is smallest in "years".

From only the first 2 pages of the article read or don't post or don't vote for Obama or don't

Come on now everybody 4 more years! 4 more years!!!

of the getting the shaft that you can believe in

reply to post by neo96



The thing is Romney/Ryan will do no different, they will pay lip service same as Obama did until they are in office then carry on the same policys.The plan of the elite is to destroy the dollar so they can bring in a world currency and both partys are bound to that goal and will see that it is done.

Looks like this writer didn't do much research. Obama has kept quite a few of his promises and if it wasn't for the party of no we don't want to help the American infrastructure he would have kept even more.



PolitiFact

reply to post by buster2010


Look closer.

Many if not most "kept" are simpleton chickenfeed that does not do much for the majority of Americans (except put us further and further in deep debt that is).

The big time broken ones with substance are the problem.

Here's one for example that probably is not "Listed" anywhere.

(YouTube Caption)

On July 3, 2008 -- the day before Independence Day -- Barack Obama said that adding $4 trillion in debt was irresponsible and "unpatriotic.

Obama: The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back -- $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.

"Obama says adding $4 trillion to debt is unpatriotic"

Obama has added over $5 trillion so far !!!!

reply to post by xuenchen


Moreover, I find it amusing that we now see any politician keeping far less than half of their promises as something to be lauded.

reply to post by neo96


Am so with you. First the banking baloney and downhill from there.

reply to post by neo96


Am so with you. First the banking baloney and downhill from there.

Originally posted by neo96

Why does Paul Ryan scare the president so much?

Why do you think anyone is scared of Paul Ryan?

Here's one promise that we really need him to keep his word on

(YouTube)

President Barack Obama said in February 2009 that his presidency would be "one-term proposition" if the economy did not recover in three years

"My Presidency Will Be 'A One-Term Proposition' If Economy Doesn't Turn In 3"
He's WAY overdue already !!!

Political fact eh?

Recently, the fact-checking organizations PolitiFact.com and FactCheck.org failed to properly analyze an ad by President Obama claiming that Mitt Romney pays a lower tax rate than the average American. Just Facts President Jim Agresti and I subsequently hammered both organizations for what appears to be a severe case of intellectual dishonesty.

hotair.com...

Originally posted by Runningaround

Originally posted by neo96

Why does Paul Ryan scare the president so much?

Why do you think anyone is scared of Paul Ryan?

Ryans message and trying to have a discussion of the greatest problems that this country is facing the Entitlement problem programs that can't be paid for.

If people listen to Ryan aboout privatization of their own medical care that takes power away from the government, that the left or right can not hold over the peoples head, and use as wedge issues to create polarization that leads to anger that energizes bases that keep them in power.

A legiitmate conversation is something they do not want to have demagoguery is the tool of choice which enters Goebbels:

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Of course that is my opinion others will vary with mileage.

reply to post by neo96


PolitiFact is also owned and operated by the Tampa Bay Times.

They are Hefty-Lefty and Fibby-Libby.

Team Obama said in ’09 stimulus would have unemployment below 6% by 2012.

More failed BeeEss.

story from Aug 3, 2012

Today’s news that the unemployment rate moved up to 8.3 percent is as good of a time as time as any to revisit the promises the then-incoming administration made in 2009 regarding the economic stimulus bill. Back then they said the stimulus would have unemployment below 6 percent by now.

Not only that but they claimed that the unemployment would be at that 6 percent level now even if the stimulus bill was not passed. That is, that they predicted the economy would recover to that level naturally. In short, the White Houses projections regarding stimulus and the economy were wildly off.

The report, entitled “The Job Impact of the American Recovery and Reinvestment Plan,” was released on Jan. 9, 2009. It was put out by the office of the president-elect was written by economists Christina Romer and Jared Bernstein. Romer would become chairwoman of the Council of Economic Advisers for President Obama. Bernstein was Vice President Biden’s chief economic advisor.
source article

(YouTube)

In January 2009, President Obama engaged in an all out effort pass the massive boondoggle of a so-called stimulus. The Obama Administration made two promises: 1st - the stimulus would prevent the jobless rate from going over 8%; 2nd -- the stimulus would be used on "shovel-ready projects." So what happened? National unemployment peaked at 10.1% in October 2009 and remained at 10% or more for three months. It now stands at 9.1%. And those "shovel-ready" projects? Obama joked today "shovel-ready was not as shovel-ready as we expected."

"Obama: Shovel-Ready Not as Shovel-Ready as We Expected "

Michelle says: "Say WHAT !!"

I am pleasantly shocked!

say eyed fan of Niall Ferguson

Originally posted by neo96
Political fact eh?

Recently, the fact-checking organizations PolitiFact.com and FactCheck.org failed to properly analyze an ad by President Obama claiming that Mitt Romney pays a lower tax rate than the average American. Just Facts President Jim Agresti and I subsequently hammered both organizations for what appears to be a severe case of intellectual dishonesty.

hotair.com...

I have called out politifact on here about other things relating to Obama. They clearly are not unbiased.

reply to post by buster2010



And your source isn't in the least bit biased now is it.

"I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office"

He said this in Feb 2009 !!!!

Now look at it !!!

Almost $16 trillion any day now !!! -- Watch It Grow !


"Quote":....

"We can not and will not sustain deficits like these without end.

Contrary to the prevailing wisdom in Washington these past few years, we can not simply spend as we please and defer the consequences to the next budget, the next administration or the next generation.

We are paying the price for these deficits right now.

In 2008 alone we paid $250 billion in interest on our debt, that is more than three times what we spent on education that year, more than seven times what we spent on VA healthcare.

So if we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes and our children and grandchildren are unable to pursue their dreams because they are saddled with our debts.

That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office.

This will not be easy - it will require us to make difficult decisions and face challenges we have long neglected but i refuse to leave our children with a debt they can not repay.

And that means taking responsibility right now in this administration, for getting our spending under control."

"Obama PROMISES To Cut Deficit In Half By 2012 "

I'm surprised to see this coming from Newsweek. They were clearly in the tank for Obama back in 2008. What's going on?? Perhaps they've finally swallowed the bitter reality pill.

Furthermore, maybe Newsweek is onto something with their cover stories. I see a trend...

More evidence of Bilderberger influence on your next president. Ferguson was at Bilderberg as was Romney. They picked Obama, now they want Romney.

Niall Ferguson

It is strange that he has not commented about bank system and usury like he does.

Anyone knows why ?

website

Regarding this article it seems that he has changed hid mind.

Maybe he has met Rothschild family ?

Anyway , this election in Us is reminding me of last presidential election in Iran. -predicting

be cautious.