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The president has broken his promises, and Romney-Ryan'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.

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Paul Krugman Bashes Niall Ferguson's Newsweek Cover Story As 'Unethical' [UPDATE]
The Huffington Post  |  By Bonnie Kavoussi
Posted: 08/20/2012 10:17 am Updated: 08/20/2012 3:41 pm


Paul Krugman bashed Niall Ferguson's new cover story in Newsweek in a New York Times blog post on Sunday.
Paul Krugman says that Newsweek needs to issue a correction for columnist Niall Ferguson's new cover story on why President Obama does not deserve reelection.

Krugman, the Nobel Prize-winning Princeton economics professor, wrote in a Sunday New York Times blog post titled "Unethical Commentary" that Ferguson misrepresented the costs of health care reform. Krugman wrote:

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.

Krugman concluded: "We’re not talking about ideology or even economic analysis here — just a plain misrepresentation of the facts, with an august publication letting itself be used to misinform readers. The Times would require an abject correction if something like that slipped through. Will Newsweek?"

Krugman and Ferguson have been bashing each other in public for years. Ferguson has been advocating austerity to prevent interest rates on government debt from rising. But Krugman has pointed out that interest rates on government debt are at historic lows.

Ferguson, a Harvard history professor and Newsweek columnist, wrote in the magazine's Aug. 27 cover story that Obama should lose the upcoming election because the president has broken his promises. Ferguson says Obama has not created enough jobs, fixed the financial system or controlled health care costs or the national debt......................>>>>.....................>>>>...................http://www.huffingtonpost.com/2012/08/20/paul-krugman-niall-ferguson-newsweek_n_1810136.html