James Fallows absolutely destroys Ferguson and his lying BS about Obama in Newsweek here:
As a Harvard Alum, I Apologize - James Fallows - The Atlantic
A tenured professor of history at my undergraduate alma mater has written a cover story for Daily Beast/Newsweek that is so careless and unconvincing that I wonder how he will presume to sit in judgment of the next set of student papers he has to grade. It's by the irrepressible Niall Ferguson, it is headlined "Obama's Gotta Go," and its case rests on logic of this sort:
Certainly, the stock market is well up (by 74 percent) relative to the close on Inauguration Day 2009. But the total number of private-sector jobs is still 4.3 million below the January 2008 peak.
Hmmm, what might possibly be the flaw in this comparison? Apart from the fact that Obama did not take office until January 2009 and that private sector jobs have recovered better in his first three-plus years than they did under George W. Bush.
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Lots more at the link.


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