In Which I Dissect One Harvard Professor’s Tabloid Cover Story (…At Length)
I won’t waste time giving you the context. Niall Ferguson wrote the cover story for Newsweek’s August 19th issue. It is an affront to sound reasoning, intellectual curiosity, and charitable discourse. Here’s why.
You’re In Good Hands
Ferguson begins by trying to curry favor with the audience (his piece is written more like a Convention speech than a political essay). The professor was, after all, a “good loser” when Obama won the 2008 election. He praised it as a landmark achievement in a country whose history is plagued by racism.
This is the only good thing Ferguson has to say about the President, though in truth, he is saying less about the President than the presidency, and the voters who elect men (at least thus far) to that office. The professor is trying to dismiss ahead of time, any feelings we might get later on that he is a partisan opportunist. No, Ferguson just calls them like he sees them, one of the few white men with the intellectual integrity to note just how historic it was electing “Felix the Cat” to the nation’s highest office.
What he Promised
So fair minded is Ferguson, in fact, that he won’t even judge Obama by partisan standards, but by the President’s own standards. How equitable! “Yet,” remarks Ferguson, “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.”
Except that this is exactly not the question. Why Ferguson thinks it is, or would be, or could ever be, is beyond me. Yet the fact that he says it is leads me to believe he really is just that rhetorically slimy. It is but the second (if you count his opening gambit) sleight of hand to lead readers astray, preferring, it seems, to deceive his audience rather than educate them. The question that logically follows from the above construction isn’t did Obama deliver. The question that logically follows from “not who was the better candidate four years ago” is “who is the better candidate today/this time/here and now.”
This is an entirely valid question. It is, contrary to Ferguson, *the* question. This is what it means to democratically elect a president. A judgment that is subordinate this one may very well be, “did Obama do what he said he was going to do,” but such a question is only one among many other subordinate questions, including, “will Romney do what he says he’s going to do.”
Ferguson goes on to list four promises Obama made on Inauguration Day that he has since broken:
1. Create jobs and lay a foundation for growth
2. Rebuild the country’s infrastructure
3. Restore science to its rightful place and use it to make health care more efficient
4. Remake schools and colleges to meet current economic needs
“The President’s scorecard on every single one of those bold pledges is pitiful,” Ferguson tells us. Interestingly enough, what Ferguson won’t tell us by the time he’s finished is how Obama failed on each of these fronts. Numbers 2 through 4 aren’t even mentioned again, and number 1, what we can loosely call the President’s economic record, is explored in detail, but likewise never explained. Ferguson’s first assertion in “Obama’s Gotta Go” is that the President failed to deliver what he promised. It is the first of many, many assertions. And like these others, it is never explained or substantiated. It never even appears as though Ferguson makes an attempt to prove this or any other claim with reasoning and evidence. Rather he proceeds undaunted by the analytic lackadaisicality with which he builds his argument.
What he Inherited
Next, Ferguson goes on to describe what has happened in the last four years. Unemployment has not come down as much as Obama said it would. Fewer jobs have been created than are needed or were promised. These are two ways of saying the same thing, but for anyone *not* counting, that’s two knocks against the President. But bad things come in threes, and as Ferguson explains, “since 2008, a staggering 3.6 million Americans have been added to Social Security’s disability insurance program.”
What Ferguson does not explain is whether that 3.6 million is the net increase in Social Security disability recipients or just the number of new ones added in the last four years, or how exactly this number compares with previous years. Ferguson goes on to claim that SS disability recipients mask the true amount of unemployment. Perhaps I’m missing something, but isn’t the whole point of SS disability to assist those who are unable work because of, well disability?
What he Oversaw
Ferguson then berates the President for poor economic forecasting. After all, Obama “envisaged growth” of 3.2, 4.0, and 4.6 percent for 2010, 2011, and 2012 respectively. The country’s economic output hasn’t come close to meeting those targets. Again though, what Ferguson fails to tell us is what the President did, or did not do, that led us to fall so woefully short of those goals. Rather, Ferguson’s critique amounts to, “Obama promised X, X didn’t happen, Obama has failed.” There is nothing strictly wrong in saying this, except that this reductive syllogism leaves out the most important part of the political analysis necessary to make an educated decision regarding the election: Why did X not happen?
Likewise, Ferguson lays the falling median annual household income at Obama’s feet as well. It has dropped by 5 percent since June of 2009. But Ferguson, once again, offers no analysis for why that is. A basic argument against the President would lay the blame for falling household incomes on Obama’s economic policies. But Ferguson does not even attempt to do that. He simply recounts events from the last four years, points to the man in the White House, and shrugs his rhetorical shoulders while waiting for the reader to ponder this presumably damning information. This line of attack uses reasoning that, if employed against George W. Bush in 2004, would have resulted in something like the following, “9/11 happened while George W. Bush was president, so he’s responsible for 9/11.”
There are plenty of arguments to be made against the President, and the economic policies his administration has proposed, and often failed to implement, but Ferguson does not make them.
Instead, the professor welcomes us to “Obama’s America,” one with “half of us paying the taxes, the other half receiving the benefits.” There wouldn’t be anything too egregious about this statement if he simply didn’t write the word, “other” (forgetting for the moment the fact that just about everyone pays some kind of tax). The statement, unchanged, is demonstrably false. The half that receives benefits is not a separate half from the one paying taxes. This is a common error in freshman statistics. Just because set A and set B are different sets, doesn’t mean we are safe to assume there is no overlap. Indeed there may be a set C such that it includes all of those entities which reside in both A and B.
And in this case, set C is quite large and not only ignored by Ferguson, but implicitly denied. Ferguson’s assertion that we are a “50/50” nation is an outright lie has he as worded it. If it were not such a common conservative talking point, it might be chalked off to sloppy writing. As it stands, it is almost certainly an attempt to deliberately mislead readers.
Money, Money, Money
Next, Ferguson talks about the budget. Once again (if anyone is keeping count, it certainly isn’t Ferguson) the professor lists things that happened during the last four years, in this case the annual deficit and increasing level of total U.S. government debt, without telling us what Obama did that caused these things to happen. Ferguson even uses his old trick of mentioning the same phenomenon twice by listing two different ways of measuring it. In this case he mentions the increasing national debt, *and* the ratio of debt to revenue. And still, nowhere in this analysis is there any mention of what revenues actually were and why they’ve fallen, or what spending was and why it was so high (or if indeed it even was unusually high).
Then we have the first mention of an Obama policy: the fiscal stimulus. Ferguson doesn’t even critique it! He only says that Obama’s fiscal stimulus was too small (how else do you evaluate his phrasing, “Not only did the initial fiscal stimulus fade after the sugar rush of 2009.” To me that looks like he’s calling for something other than a sugar rush…i.e. a prolonged infusion…which sounds a lot like a bigger stimulus…) What Ferguson does critique is Obama’s failure to do anything to close the long term gap between spending and revenue. There is no mention of the Simpson-Bowles commission he established, or the debt ceiling negotiations, both of which would have moved the country in a right-of-center direction toward controlling government spending. Ferguson does not say such steps wouldn’t have been enough, or try to argue that Obama ultimately derailed both: he simply doesn’t mention them at all.
Instead, he goes on to list deficit and debt projections for the next 30 years based on forecasted government spending due to Social Security and Medicare. “Under the President’s policies,” writes Ferguson, “the debt is on course to approach 200 percent of GDP in 2037.” Which policies? Which projections?
Now, Ferguson is an academic historian, so it makes sense that he might feel more comfortable rattling off statistics and dates and events instead of offering a rigorous analysis of Obama’s policies (or even a list of what they are), and how they have hurt the country. Whether that’s the case or not though, it doesn’t matter, since next Ferguson decides to concede every point he tried to imply in the previous eight paragraphs.
In his retreat to higher, and presumably safer rhetorical ground, Ferguson notes that there are many explanations for everything he has just talked about that don’t have to do with President. The President’s unthinking defenders will blame Bush or Europe or Wall Street, and, proclaims Ferguson, “There’s some truth in this,” though how much he is never comfortable enough to say. When you concede a point of such magnitude though, it is perhaps best to be more specific on the precise terms of your surrender, lest we being to have reservations about everything else you argue as well.
The Unimperial Presidency
Rather than trudge through a more complex analysis of the economy, Ferguson decides that, even if we can’t blame the economy on the President, we can certainly blame him for failing to effectively run the executive branch. And this makes sense. It is the President’s job after all.
Yet immediately Ferguson goes back to talking about the economy, in this case using Obama’s economic team as proxy. They were a “dream team”, at least to Ferguson. But they had no one to lead them, at least according to the one excerpt of Ron Suskin’s Confidence Men which Ferguson cites. The snippets of a dinner conversation between Larry Summers and Peter Orszag, though extremely critical of the President, basically consists of Summers telling Orszag that the President has no idea what he’s doing. I haven’t read Suskin’s book, but perhaps if I did I would be convinced that in fact Obama did not know what he was doing. Having not done so though, I remain at least skeptical that this simplistic review of the situation is wholly accurate. However, it is the most convincing argument so far that Ferguson has offered in his take-down of the President. Too bad it was not his own.
Don’t Hate the Game, Hate the Player
What is Ferguson’s own is a much less convincing, and even somewhat perverse theory about Obama’s parliamentary reign during his first two years in office. Waxing nostalgic over Bush’s imperial presidency, Ferguson laments that the Obama decided to propose while letting Congress dispose. Never mind that this is a vision of the U.S. government more in line (more, not completely) with its founding principles (the U.S. presidents are not supposed to be a supreme legislators, and ever since they started trying to be things have only gotten worse). Such a humble approach allowed Obama’s policies to be perverted and run through the Congressional sausage maker until they were ground down to an ineffectual, pork infested series of mangled laws.
Dodd-Frank is impotent and the ACA skirted all of the key issues regarding exploding health care costs. Others have taken Ferguson to task on his understanding of both of these laws, so I won’t waste time doing the same here. What I will point out is that once again Ferguson is happy to merely assert his point rather than explain it. Banks still don’t have adequate capital; the ACA does nothing to bend the cost curve. Nowhere does Ferguson offer to explain why exactly Dodd-Frank has no teeth, or what mechanisms in the ACA will fail to bend costs, but only that the former doesn’t and the latter won’t.
Ferguson does mention the individual mandate, only in passing, remarking upon the irony that what has become the hall mark of Obamacare is something that Obama didn’t even support back when he was on the campaign trail. Yes, how ironic. So ironic, in fact, that it leads Ferguson to argue that the ACA should actually be called “Pelosicare,” begging the question, among others, why Ferguson blames Obama for the ACA when he thinks it was actually the Speaker of the House who crafted and passed it, unless it really, really is the case that Ferguson blames Obama for not somehow controlling Congress and managing to get the deliberative body to do what he says.
He Never Led, So They Never Followed
The President also failed to lead on fiscal reform, Ferguson now argues. Finally mentioning Simpson-Bowles, Ferguson blames the President for sidelining its recommendations, failing to note that it was his favorite new politician, Paul Ryan, who voted against it and stopped the proposal from getting to the floor. Even more confounding is the “fiscal cliff” the country is headed on January 1st as a result of a failed “grand bargain” on the debt. The Bush tax cuts will expire and over a trillion dollars in automatic spending cuts will go into effect, potentially derailing GPD by 4 percent.
Is Ferguson for deficit control or against it? He’s frustrated with the lack of a long term plan for controlling spending, but against the short term policies that would move the country further in that direction. Perhaps what Ferguson really wants is short term fiscal expansion coupled with long term efforts to cut entitlement spending, in which case he has more in common with the current President (if not any member of Congress) than he knows. Again, whatever the case, what remains clear is Ferguson’s entire lack of explanative clarity. Where he could say, these are Obama’s policies and this is why they are bad for the country, have been bad for the country, and will be bad for the country if given another four years, Ferguson does not, settling instead for sophomoric hit and run tactics.
He nails Obama for poor executive performance, in effect blaming the President for the Congressional politics of the last four years due to his parliamentary style of governance. And yet at no point during his analysis of health care reform, banking reform, or the debt and debt ceiling negotiations does Ferguson explain what the President did that led to such poor Congressional performance. If Bush’s imperial presidency was better, why exactly? How would an imperial presidency have dealt with the past two Congresses? What, if anything, should Obama have done in his relationship with Congress that he didn’t do?
Who knows, who cares. Definitely not Ferguson, that’s for sure. And if he does, he would do better, being the Harvard professor that he is, predisposed as we might assume to some deeper pedagogical mission, to let us in on it. Alas he does not, preferring to move onto a critique of Obama’s foreign policy wherein we shall see, we are told, how Obama’s hitherto still unexplained failures to lead on economic and fiscal policy, are both mirrored by and in part the cause of, the Obama Administration’s pitiful performance on the world stage.
No Dragonslayer
It is this section of Ferguson’s screed that I find most maniacal. It is a funny coincidence that he begins his criticism of Obama’s foreign policy by pointing out the phenomenal economic growth China has realized in recent history. The first time I ever witnessed Ferguson accost reason was on Fareed Zakaria’s GPS. Set up alongside Jeffrey Sachs, the two were meant to debate the economic challenges facing the country. It was in his setting that Ferguson appealed to China’s growth in an attempt to fear monger about the U.S.’s decline and all the bad things that would come with it. Sachs sat there, seemingly puzzled almost, asking Niall how he could compare the economic growth of a developing country to that of a developed one?
Ferguson does the same thing here, proclaiming China’s economic ascendency as if it is something that (1) we should try and stop or (2) that is possible to stop. Of course, as is his want for the duration of this cover story, he says no more about it, neither explaining what the rise of China means nor what should be done about it (perhaps his answer is to start growing at between 8 and 10 percent annually).
The Empire that Could Have Been
The fiscal train wreck that the Obama Administration has exacerbated hasn’t just been bad for the economy, according to Ferguson, it’s also the root cause of the U.S.’s receding global power. Without having the financial house in order, the U.S. can’t hope to spend what it needs to on defense in order to contain all of the world’s boogey men a hundred times over.
Ferguson’s central critique of the President’s foreign policy is that it is not coherent, though after reading “Obama’s Gotta Go,” I’m wondering if Ferguson is in any position to judge. Basically, if Obama focused more on how to contain the rest of the developing world, rather than going around holding out the olive branch to them in touchy-feely speeches, the United States wouldn’t be where it is today.
For Ferguson, neither engaging China openly or antagonizing it with a military “pivot” back to the pacific have credibility “from the vantage point of Beijing.” What does have credibility? Why don’t these have credibility? You guessed it, Ferguson never says.
What he does say is that Obama should have predicted the “Arab Spring” just as the neocons did. He should have been prepared to help all the revolutionaries in all of the countries, from Iran to Syria, because I guess for Ferguson it’s just that easy. I can only read him as saying there should have been Iraq style occupations in at least three more countries in the Middle East, or that a more adept Commander-in-Chief would have been able to arm and support enough internal revolutionaries to allow all regimes in question to be toppled over, and liberal democracies friendly to the U.S. to grow in their place. The former is not only militarily impractical, but also completely contradictory to Ferguson’s other goals of long term fiscal sustainability and renewing the strength of the American empire. The latter is naïve and has no basis in reality, at least none that Ferguson is willing to posit.
Ferguson, to his credit, does call out the current Administration for its dependence on drone warfare, with all of its civilian killing side-effects. Unfortunately, he follows this important truth up some staggeringly perverse reasoning:
“The real crime is that the assassination program destroys potentially crucial intelligence (as well as antagonizing locals) every time a drone strikes.”
Let us dwell on that for a moment. Ferguson, in the paragraph before, goes through the trouble of mentioning that by some estimates 16 percent of drone victims are civilians, only to say that the real tragedy is the terrorists who are killed instead of questioned. That is “the real crime.” Oh, and it’s also a shame that “locals” are “antagonized.” This is gross. I hope it speaks for itself.
Last Hope
After deriding the President for not accomplishing such things as creating the Internet, establishing a GI Bill, building the Golden Gate Bridge and the Hoover Dam, landing on the moon, or the creation of the middle class, Ferguson goes on to size up the Republican competition.
“Now Obama is going head-to-head with his nemesis: a politician who believes more in content than in form, more in reform than in rhetoric,” he trolls. What content, what reform?
And of all the running mates Romney could have picked, he picked Paul Ryan, one of Ferguson’s favorites, “For me, the point about him is simple. He is one of only a handful of politicians in Washington who is truly sincere about addressing this country’s fiscal crisis.” Yes, it was Ferguson who emphasized sincere. Ryan is so sincere, in fact, about putting the nation’s fiscal house in order that he bailed on Simpson-Bowles while voting for the most expensive policies of the Bush years.
Ferguson then lays the substance of Ryan’s “Path to Prosperity” on the table:
“replace Medicare with a voucher program for those now under 55 (not current or imminent recipients), turn Medicaid and food stamps into block grants for the states, and—crucially—simplify the tax code and lower tax rates to try to inject some supply-side life back into the U.S. private sector. Ryan is not preaching austerity. He is preaching growth.”
Actually, I think that’s exactly what austerity is, and if it leads to growth, fantastic. But Ferguson still supplies no rational, not even the standard issue supply-sided ones, for why such a plan won’t just balance the check books, but will also lead to more growth than the status quo. And to Ryan’s Reaganite detractors? Well they simply don’t understand his mastery of the subject. He has a plan. But like Battlestar Galactica, we’ll never know what it actually is, and according to Ferguson we don’t need to: just trust him!
The professor first became enchanted with Ryan when the Congressman “blew him away” at a low-key debt discussion meeting back in April 2010. What exactly it was that “blew him away,” Ferguson keeps characteristically secret. Ferguson does say that ever since that time he has wanted to see Ryan in the White House, presumably because being the neo-imperialist that he is, Ferguson feels that Ryan could do more to legislate away the country’s fiscal problems from the executive branch than the one that actually determines the nation’s laws.
According to Ferguson, Ryan also psyches Obama out. Why we should care about this is unclear. Why Ferguson believes this is unclear. And why anyone else should take is psychological insights seriously is never explained.
Garbage In, Garbage Out
Though Romney is not Ferguson’s ideal choice, as perhaps is evidenced by his decision to spend so little time talking about him, he does have more executive experience than Obama had four years ago. Again, it is not four years ago; it’s 2012. Why Romney’s business experience and comparable level of executive experience make him a better presidential choice than Obama requires the same things Ferguson fails to employ throughout the entirety of “Obama’s Gotta Go”: reasoning that links claims to the evidence on which they are based.
It would be difficult to argue that Ferguson really even uses evidence, since most of the “facts” he lists in his piece are never contextualized in such a way that we can see why they direct support the argument he’s trying to construct. Without reasoning, the facts become meaningless and the argument deteriorates into mere assertion, something Ferguson, despite supposedly being a public intellectual devoted to rational discourse and the pursuit of truth and knowledge, is all too willing to sleazily peddle. Anyone looking to attend Harvard, or currently enrolled, should reflect on their current and future plans given the kind of thoughtless hacks the university likes to give tenure to.
I think the best take on Niall Fergusson’s article involves two factors. One is not related to the Professor and that is that Tina Brown has basically decided that the best way to revive Newsweek is by trolling. This is not completely her fault but the current nature of the beast in web publishing. I remember hearing that on-line journalism is no longer about getting people to read a whole issue but makes money via having one or two articles clicked on a lot and passed around the web. The best way to get clicks seems to be via contrarianism and being agent provocatuers. We say don’t feed the trolls but it seems like umbrage provides some kind of narcotic high and people like being outraged and being able to write screeds in the comments about why the author of a post is simply wrong.
While responding to the professor is necessary it also adds fuel to the fire and I bet Tina Brown is not upset one bit about the controversy. Neither is Niall Fergusson probably.
The second part involves understand Niall’s real target audience who are not fellow academics (everyone denouncing him does so while lauding his pre-hack work like his history of the Rothschilds), Newsweek readers, or the general public.
http://www.esquire.com/blogs/culture/niall-ferguson-newsweek-cover-11914269
http://www.theatlantic.com/national/archive/2012/08/dishonesty-is-the-seventh-killer-app/261352/
http://www.theatlantic.com/business/archive/2012/08/the-age-of-niallism-ferguson-and-the-post-fact-world/261395/
Ferguson seems to make most of his income from the speaker’s circuit. According to what I’ve read, he resigned from Harvard Business School (but not Harvard itself) so he can do more speeches without having to do pesky things like teach classes. His article was really aimed at surprisingly eggshelled Masters of the Universe* who want to be patted on the head and given a cookie and are willing to pay top dollar to do so.
*I am very fascinated about how eggshelled many executive and Wall Street, and John Galt wannabe types are. They are wildly economically successful and still seem to basically wanted to be given milk and cookies and a kiss on the head from mommy. They have absolutely no concept of why people who are struggling or lost their jobs would be angry at them.Report
But people who are struggling or lost their jobs are too lazy to be angry!Report
On a related note…evidently Ferguson might in fact be needing some extra income soon.Report
I would go one step more cynical. Those talks aren’t for the Captains of Industry, they’re for the folks just one step below the Captains of Industry who think listening to a good speaker can somehow get them to the Captain’s chair.Report
That could very well be true. They could be for people just below C-level status.Report
If one must read trolls, can I recommend reading a nobel prize winner?
Seriously, this is neither profound nor amusing.Report
Are you saying that m,y post is neither profound or amusing or referring to Ferguson’s article?Report
The faults by omission in Fergusson’s article may not be entirely of his own chosing. Newsweek wouldn’t want to publish an article that makes a powerful, persuasive, and airtight argument against re-electing Obama.
A bumper-sticker would’ve worked just as well but wouldn’t have kept people reading. I’d suggest, “In 2008 you voted to prove you weren’t a racist. In 2012 vote to prove you’re not an idiot.”Report
In 2012 vote to prove you’re not an idiot.”
Sorry, but none of the parties has given me that option, and my state doesn’t allow write-in candidates.Report
Sounds like your first course of action is to tackle your own state’s voting laws.Report
The issue is the nature of the presidency today, based in mass appeal. I would prefer we move back to a more party-centered candidate selection system. To do that we would in fact need to work at the state level to get rid of primaries. That’s just not likely to happen, because the public thinks it is their right to determine the party’s nominees (a pernicious bit of nonsense). But if it could happen, at least in theory, the first difficulty is getting one state to give up its primary. As it currently stands, the primary system is probably a Nash equilibrium. I think the only prospect would be a federal constitutional amendment. That doesn’t actually have any real prospects right now, but at least it doesn’t have the Nash EQ problem working against it.Report
@George Turner,
You know how you can tell you’re a racist or at least a bigot, when you write stuff like this.
“In 2008 you voted to prove you weren’t a racist. In 2012 vote to prove you’re not an idiot.”
I guess in George’s world voting for Obama has nothing to do with him being a better candidate or with the fact that the previous president from the opposite party is in the top 5 of worst Presidents ever. No its all about him being black and the 69,456,897 who voted for him did so to prove their not racist.Report
Not all of them, but I will publicly admit to being one of them who did, at least in part.
I never thought Obama was a good candidate for president. Not nearly enough experience; knew nothing about economic or foreign policy. Had a vision of prosperity as being primarily driven by government rather than the private sector.
Give him a couple of terms in the Senate, and may be. All along I thought he might actually be the guy the Dems were dreaming of…not because he was black, but because he was eloquent and appeared somewhat more sincere in his religious beliefs than, say, Bill Clinton (not that I wouldn’t prefer a publicly acknowledge agnostic myself, but for appealing to the general public, that’s not a great strategy). But I thought he might be the guy a few years down the road, not in ’08. And I still think he entered the race just to get his feet wet, without actually expecting to win it, and I think he would have been better off had he not won, but showed himself as a strong second or third place candidate, primed for a future run.
And I preferred McCain…at first. Then he became increasingly Bush-like, and then of course he chose Palin as his running mate, and at that point I could no longer in good conscience consider voting for him.
I would have voted Libertarian, but they gave us Bob Barr, whom I loathe. And Constitution Party and their ilk are just off the board for me.
So I went to the polls in ’08 uncertain of whether I would even check the box for president. I mean I literally went into the polling place unsure whether I would bother to vote in that particular race. Ultimately I did, and voted for Obama, in part because I thought he was the least worst candidate (faint praise intended), but as much or more so because I never wanted to wonder if my reason for withholding the vote had something to do with racism. I don’t think it would have, but I’m happier knowing that in fact I did vote to break the color barrier. A tiny thing that had no effect on the election’s outcome, but that had some small but significant effect on my self-knowledge.
I never expected to like an Obama presidency, and I haven’t. I don’t intend to vote for him again, but neither do I intend to vote for Romney, and it looks like the Libertarians bungled their paperwork so that Johnson won’t be on the ticket in my state. So once again I’ll go down to the polls wondering if I should bother casting a vote for president, and if I do it will be for Obama, just to reinforce that I’m not a “well, I gave the black guy a chance” type person. But, well, I did give “that guy” a chance, and as I expected, I haven’t like it much.Report
So after reading through everything, the reasons you voted for Obama are in order of your personal priority
1.) McCain became increasingly Bush-like
2.) McCain chose Palin as his running mate
3.) Libertarian gave us Bob Barr, whom you loathe
4.) Constitution Party and their ilk are just off the board for me
5.) Obama was the least worst candidate
and finally you also
6.) voted for Obama to help break the color barrier and that had some small but significant effect on my self-knowledge.
I think we can honestly say you’re not a closet racist/bigot, but just to make sure I would run out and pickup some Public Enemy or Wu-Tang.
===============
Its not about whether you voted for Obama based upon race, it whether its the only reason you voted for Obama. Forget about all the other reasons you listed, in Georges and his ilks mind the only reason Obama is president is because he is black.Report
Yes, there is no other option but to vote for Obama. Too funny.Report
I’m not worried the slightest bit that someone will think I’m a racist when I don’t vote for Obama. Obama’s being black is about as important to my decision to not vote for him as avoiding a poisonous snake becuase it’s black.Report
MFarmer,
It wan’t reall about what others thought. It was about what I could know with certainty in my dotage. What others think? Well, others are awfully quick to come to conclusions, aren’t they (even when we are the others, in relation to still more others), so I agree that wouldn’t be a real good reason.Report
the Libertarians bungled their paperwork
Huh? It’s a bad sign when libertarians can’t even get contracts right. 🙂Report
Heh. But as I understand it, the problem is that they submitted the paperwork literally just a few hours too late to get him on the ballot. I suppose the problem was that they all set their clocks to their own time, because they’ll be damned if they’re going to go by government time.Report
Local Solar Time is emergent; time zones, and especially Daylight Saving Time, are statist.Report
L0vitar, that’s an actual bumper sticker circulated for the 2010 elections.
According to the Clintons (or rumors about their opinion on the matter), if not for whites wanting absolution for racism, Hillary probably would’ve been the nominee. If I and other conservatives were really racist, sexist, bigots, we’d be backing Obama 100% because no conceivable Republican candidate could accomplish as much to keep women and minorities poor and unemployed.Report
To prove you are not a racist we’ll need to see proof of voting for O, plus three signed statements from official minority persons stating you are hip and down with it and proof of owning at least one Eddie Murphy, Richard Pryor or “urban music” cd. Proof can be sent to the Federal Citizens Information Center, Pueblo, Kenya with your reparations check.Report
Does Black Eyed Peas count as urban? Or did they lose that status when they performed for the Super Bowl halftime show (what could be more whitebread than that)?Report
Performing at the Super Bowl means you have been officially declared safe and non-threatening to the median viewer in Iowa.Report
In other words, two of them didn’t die before they got old.Report
Black Eye Peas haven’t had that status for a loooooong time.Report
The fiendish liberal media! Even when they publish a hit piece against a liberal, it’s really part of their hidden agenda.Report
George Turner: You should be aware that Newsweek has publicly admitted that they do no fact-checking on their articles, with some gobbledeegook about trusting their authors. They published what Ferguson gave them. Your conspiracy theory is not plausible.Report
Well, it’s plausible on the assumption that Tina Brown is not ignorant of the widely-known fact that Niall Fergusson is a drooling idiot when it comes to anything not directly within his lane of academic expertise (at least measured in relation to the number of words he is willing to produce on such topics), and that she felt fairly confident that he would produce an argument that did more to undermine its own case than to advance it. In that sense, I honestly think Roger could be onto something.Report
Almost no one fact checks. I am not sure how this idea came about that most journalism is practiced with fact-checkers acting as some kind of safety net – but very little fact-checking is done except at a few of the prestige mags, of which Newsweek is not a member.
That fact is completely irrelevant to Mr. Turner’s theory, however. As much as very little is fact-checked, it’s still meticulously managed.
The idea that an essay gets on the cover of Newsweek without it being exactly what it’s editorial leadership wants to sell is ridiculous.Report
People fact-check my dating profile.
People are just not buying my line about being a dead-ringer for Gregory Peck.Report
Ethan,
Would you have preferred Fergusson attack Obama by mentioning that he loathes him and finds him a cynical, cultivated hipstertarian?
Ferguson may or may not have missed in his critique, but at least the discussion is aiming at outcomes rather than character.Report
Outcomes? What outcomes?Report
Things like jobs, growth rate, Social security disability rolls, deficit, spending, government dependency rate, projected spending on health care, and this is just on the first page.Report
Well, yes, there are these outcomes, but what outcomes that aren’t Bush’s fault?Report
None of those things does he tie to the President’s policies.
He literally just says, these are the stats, look who’s in the Oval Office. So he’s not discussing outcomes (i.e. things that happened as a result of something else), but rather things that have happened in the past, and then, sans any actual chains of reasoning (those pesky things known as arguments), says the President is the cause, the one responsible, and the person who needs to be voted out of office.Report
Ethan,
I won’t argue for or against Niall’s rhetorical skills, but I will posit that it is not unreasonable for people to assume that the president would establish a playing field conducive to economic growth that is vastly superior to the results actually attained. In other words, many of the things he did focus on can be viewed as interfering with the economy, and many of the things he should have done were never tried. I could give my list, and others can give theirs, and we can all agree to disagree with particulars. The point is that the President is responsible for deciding upon and implementing an agenda that is conducive to our welfare.
If the majority of Americans view his results as bad, that is his report card. “The buck stops here.” I’d give him an F as per below. I think many Americans disagree with me. All good. That is how democracy works.Report
In other words you’re unwilling to justify your opinions to others?
“I will posit that it is not unreasonable for people to assume that the president would establish a playing field conducive to economic growth that is vastly superior to the results actually attained. In other words, many of the things he did focus on can be viewed as interfering with the economy, and many of the things he should have done were never tried.”
Do you actually have an argument for demonstrating that this is the case? Or are you just supposing that it’s possible? If so, I agree, it is part of the realm of possibilities.
Having an opinion without the support of reasoning and evidence is actually the exact opposite of reasonable.Report
Which opinion are you talking about? My opinion that most people in a democracy hold the president accountable to establish or maintain the atmosphere for economic prosperity? Who do you think should be accountable? Over his term, the President chooses what to work on, what to introduce, what not to introduce, what to hype, what to bury. He sets the tone and agenda for his term.
Or are you talking about my opinion that the president in question has indeed made a mess of the situation? If so, I think I have been more forthright in my critique than anyone else in this thread, and I did it without calling him a poopoo head. See below.Report
Yes, honestly. That might have led to an interesting discussion of cultural attitudes, and why people don’t like Obama.
(I don’t find him a hipster. he reads batman, for goodness sakes!)Report
1. Create jobs and lay a foundation for growth
2. Rebuild the country’s infrastructure
3. Restore science to its rightful place and use it to make health care more efficient
4. Remake schools and colleges to meet current economic needs
I’d give the president an F on number 1, a B on number 2, a D on number 3, and an D on number 4. How about other’s scores?
The F is because I believe his actions actually made things worse, by inserting uncertainty and increasing the costs of hiring and entrepreneurial activity. He took a bad set of cards and made them worse. I think he used the stimulus to boost infrastructure, as long as his cronies were on the receiving side. He has guaranteed health care will be less efficient moving forward. I can’t see how he has done anything helpful on number 4. Report
“The F is because I believe his actions actually made things worse, by inserting uncertainty and increasing the costs of hiring and entrepreneurial activity.”
How did his actions lead to more uncertainty and less entrepreneurial activity?
“I think he used the stimulus to boost infrastructure, as long as his cronies were on the receiving side.” Do you have evidence of this, because not even Niall is willing to tread here?
“He has guaranteed health care will be less efficient moving forward.”
Again, how?Report
Requests for evidence to back up their assertions will only produce more assertions, or if you’re lucky, an ad hominem. They are reading off of a script, or perhaps scripture would be more appropriate.Report
Heaven forbid the “scripture readers” use ad hominem arguments!Report
I think he made things worse by creating uncertainty over tax rates, by adding to the costs and uncertainty of hiring and employing people via his healthcare fiasco, by his attraction to crony capitalism and attempting to establish winners and losers in the market via political fiat, and by his failure to address entitlement reform. In addition I could go on for hours on things that he could have done to reduce bureaucracy, red tape, over regulation, trade barriers, patent abuses, corporate subsidies, environmentalist obstruction, and so on. In general I see Obama as believing in an anti free enterprise paradigm. He doesn’t get what drives prosperity, and his instincts are all counterproductive. If he had said and done nothing, he would have done much better.
On the infrastructure stimulus, I see a major portion of the money going to Obama supporters. To favored businesses, unions, government employees, Democratic states and localities and so on. It was a case of partisan redistribution as far as I am concerned. Who do you think got the money?
As for health care, I see the problems in the US today as A) a disconnect between the person paying and the one receiving the benefit. This is absolutely guaranteed to screw up costs. Economics 101. B) The combination of a market perverted with a transfer program. By combining them we are perverting both. And C) excessive use of top own master planning for something that should be deregulated and decentralized. I see Obama Care as making everything bad about health care WORSE. It is the antithesis of a solution.Report
What do you think Dave?Report
I think giving someone four minutes to respond is ungenerous.
My observation on scripture was unclear and I regret that. By “scripture” I mean a set of phrases and talking points repeated uncritically in place of thoughtful debate, and which produce knowing nods and recognition among the “faithful.” (Stay with me Roger!) Examples include but are not limited to “crony capitalism,” “political fiat” and “healthcare fiasco.” Kindly note that I did not write “Scripture,” which would indeed have introduced an ad hominem element. Ad hominems are fun but not productive.
Your whole first paragraph is scripture, and tax uncertainty has been dealt with downthread.
Regarding the stimulus, here’s who got the money. It does appear from the summary map that blue states got more funding (it is not broken down into tax/infrastructure but let’s use it as an overview, OK?). However, those same states have larger populations and a larger concentration of urban areas/older highways/other INFRASTRUCTURE so it seems reasonable that those states would get more funding than, say, Montana.
Regarding health care, I never took Econ 101 so I must recuse myself, but again I am getting a sense that this is scripture, with which there can be no truly productive discussion.Report
“Uncertainty” strikes me is a blanket term covering any policy the “business class” doesn’t like and is positively correlated with policy proposals limiting profit maximization. Such “uncertainty” apparently paralyzes the business community independently of whether profits can still be made. So the meaning of “uncertainty” is actually pretty clear. And seems to me to be clearly euphemistic.Report
Funny, too, since corporate profits are at all time highs.Report
It is of course being used as a blanket term. When employment costs and tax rates and regulation are uncertain due to regulation or economic conditions (which obviously self amplify each other), then it makes less sense to invest, hire, build, and REINVEST profits. Sorry if this violates your paradigm.Report
Nob, this is another example of economically literate leftists using dumbed down arguments to pander to other readers when they know the full story on profits and economic cycles and the effects of investments on profit. I know you understand the real issues even better than me.Report
Nob won’t acknowledge INTERNATIONAL effects on corporate profits. A shame really, considering his background. Also instructive. A close examination of schedule K’s would prove to even the most slackish student where the profit /really/ originates. But that doesn’t fit into the paradigm so of course it must be ignored.Report
Uncertainty in terms of international effects is probably as high as it’s ever been. Everything from the Euro Crisis to the slowing of growth in BRICs economies and the large supply chain disruptions that periodically pop up from natural disasters should, if anything be substantially more important than debates in the US over marginal tax rates.Report
Roger: your argument makes no sense. On the one hand, corporate profits are at an all time high. On the other, you’re argument is that the lack of investment/re-investment is due to uncertainty regarding coroporate profitability (which is at an all time high).
It seems to me you’re overstating you case here, and to your own detriment. It seems to me what you’re suggesting here reduces to the claim that policies which encourage investment will encourage investment. I don’t think anyone would disagree with that, or I’d hope not anyway. But it’s not very enlightening when talking about the specific effects of a specific policy in a specific context.Report
Uncertainty does not refer to past profitability, but to future returns on investment. Investments are costs. When we pull back on investment, we reduce expenses and increase current period profits and cash.
Nob orWardsmith, please correct me as necessary. I always hated accounting.Report
Sure. And apparently any potential reduction on any potential return on investment renders the investment climate “uncertain”.
I get that.Report
… and now it makes more sense to steal??
Regulation is DOWN, not up my friend.
And I’m burnt because of it.
But hell, you don’t have skin in the game…
Talk to Blaise, he’ll set you straight.Report
1. “Uncertainty over tax rates” is a bit rich, when we’re talking about marginal tax rates for individual earners, rather than corporate rates. The likelihood that this would create large systemic uncertainty is between 0 and nil.
2. “Costs and uncertainty” based on ACA is a fiction, given that A. the majority of the provisions haven’t yet come into effect, B. most of them are rather prosaic in terms of employer requirements.
3. Stimulus also included a massive payroll tax rebate, state budget aid. As for the “major portion of the money going to Obama supporters”…proof?
(Then there’s the effect of the stimulus itself, which not only has CBO backing but also the likes of economists from Booth School, which is hardly a bastion of Keynesians.)
As for the “anti free enterprise paradigm”, I’m not sure where the hell THIS comes from.
This from a President who signed 3 free-trade agreements, has endorsed the Kaufmann Foundation’s Start-Up Act and done a lot to curb the worst excesses of large businesses taking advantage of smaller contract employers, well…
Reality is a bit of a bitch, yeah.Report
My apologies, I was not aware that the economic consensus was now that individual tax rates, capital gains taxes, and so forth had no effect on the economy. I’ll let everyone else know.
It is also good to learn that benefit costs and uncertainty are irrelevant to starting or expanding a business. I wish I knew this when I used to have to construct CBAs before investing in new endeavors. Wow! This is amazingly good news Nob.
Yes Nob, you can also cite a handful of things Obama did not do wrong. Out of a trillion dollars, it would be really, really hard to spend it all poorly.
Bitchiness is starting to be a reality on this site, yeah.Report
I need to tag out and attend to some other stuff for a while. I will try to return after surfing tomorrow.
I gave my score and gave at least a half hearted attempt at justifying why I believe what I believe. Feel free to disagree. Better yet, why don’t some of you step up and give your scores?
How would you guys rate Obama on these four agenda items?Report
It would be further instructive to determine the number of SubChapter S corps in this country, plus equivalent LLC’s. THOSE will pay as if they were individuals (because from a tax standpoint they ARE individuals). Likewise the recalcitrant student (Nob) will ignore the facts. Too bad, he could have been intelligent had he only taken off the partisan blinders.
Hint: Over 300K SubS and LLC filers pay taxes on “incomes” in excess of $1M per year.Report
I’m perfectly aware of the numbers of things like S-Corps and LLCs, not to mention where the job growth numbers come from in terms of firm age.
I’m still not convinced that a few percentage points of marginal income tax rates would create any systemic effects of uncertainty.Report
yes, indeed, 0% tax rates have had a downright predictable effect on my desire to create new businesses. That is to say, it created a disincentive…Report
I don’t find the four items particularly useful but I’ll toss in my two cents.
1. In as much as Obama has the ability to create jobs as President this rests mainly on his influence on the stimulus and I’d give him a D on policy. Obama wasted too much of the stimulus on tax credits and tax cuts which are pretty useless in a recessions like this one. Ideally much more of the stimulus should have been dedicated to actual spending; extending jobless benefits and most of it should have been dispersed to the states to allow them to maintain their own payrolls. It’s interesting to note that the economy under Obama has actually recovered significantly in terms of private sector jobs. The biggest driver of unemployment lately has been huge decreases in public employment (mostly by the states). That washes right up at the feet of his tax cut loaded stimulus.
Politically I’d give Obama a C for idealism but an F for outcome. He thought if he preemptively gave the GOP what they wanted (tax cuts) without asking for anything in return that they’d sign onto his stimulus bill. The GOP pocketed what he offered then voted lock step against it and simply pretended that none of the concessions he gave them existed.
2. I’d be less generous than you on infrastructure. I’d say C or C- again based mainly on the fact that much of Obama’s stimulus activity was focused on cutting taxes during a recession which left him much less to direct towards infrastructure spending. In his place I’d have wanted him to pony up much more money to make available to the states for bridge repair, road repair, waterworks repair and sanitation repair. All of those systems are old, getting older and could have used a ton of rebuilding. Would have been a good place for all those construction companies to get some work too.
3. In that Obama hasn’t done any creationism or fully embraced supply side imaginary numbers I’d credit him with a C+ on “restoring science to its rightful place”. I’d drop it to a C if we’re lumping healthcare in here. Again Obama preemptively offered concessions to the right and again the right simply pocketed them and voted lockstep against his proposals. Idealistic yes, politically potentially a killer. What remains to be seen is if the GOP can actually sell the idea that all Obama’s concessions simply didn’t exist and that he’s a far left partisan. Obama’s personal ratings suggest that this isn’t necessarily working but the election will be the final arbiter. If Obama loses then Obamaism is going to be viewed as the most dewy eyed idiotic bit of post-partisanship in generations. If Obama wins then he may be able to get away with claims of being a 4th dimensional chess player. Personally I’m pessimistic.
Policy wise PPACA is nothing to be in love with but it at least has the merits of having broken the status quos. With reform it could be made into a much better bill and if the right manages to simple repeal it en toto (unlikely) they’re going to have to offer up something else in its place so either way it gets points for having disrupted the previous mess. So C.
4. I’d give Obama a C on this item too. His reforms, “race for the top” et all have, at least been better than the sad No Child Left Behind nonsense that came before it. I don’t have much to say on the matter because it’s not an issue I track closely.
I’d add in a 5. Foreign Policy and on that one I’d give Obama an A-. Israel has been a bust for Obama but otherwise on foreign policy he’s done tolerably well. His only war excursion was Libya which a) he pulled off on the cheap (in treasure and blood) and b) seems to have worked out pretty well all in all. Obama’s adhered firmly to the timetables that got us out of Iraq, he’s cranked up the pressure on Iran but hasn’t invaded anywhere (thank God(ess?). It looks like he may get us out of Afghanistan too though not in any real hurry. Other than the drone question which he’s been very bad on from a civil rights angle (but very good on from a realpolitic and foreign policy angle – at least he’s not filling up Bushes Gitmo madhouse with torture victims).
Now a question for you Roger, how would you grade Congress on this list? Seeing as Romney is pretty plausibly cast as being prostrate to his party as President I’d think this would be important to consider. Also it’d be good to have you actually speak to what the opposition has done and whether you approve of their policies and politics.Report
North,
I thought all your comments and scores were illuminating. I would give Congress a failing score on pretty much every dimension. They either did little or nothing to improve matters, or took actions which made things worse.
On foreign policy, I would give Obama a bad score due to failure to pull us out of Afghanistan. I see no excuse for being there. I hoped for more from the left on this front.Report
You can see then why I’d be supporting Obama even if I weren’t a necessarily captive voter.
Well on foreign policy I can see where you can be disapproving but I still find your support of Romney and his party confusing. There’s an ocean of difference between Romney/the GOP taking us into unfunded unncessary wars and Obama not cleaning up and ending the GOP’s wars fast enough.Report
I am in absolutely no way a fan of Romney or the Republicans. If it seems I only argue with Democrats, this is because there are not enough Republicans to have fun with. Tom gets enough flack from the others.
Right now my wife and I are leaning toward “none of the above” in the next election.
The right really screwed things up in the Middle East.Report
It’s not as if Ferguson’s such a great historian as it is…(certainly not anytime recently)
My favorite note was:
http://yaleglobal.yale.edu/content/first-global-man
Report
I’ve heard tell that none of his stuff has been very dense since his first book. I’d be curious to know how regularly he publishes in journals.Report
I read a book he wrote quite a few years ago on the rise and fall of the British Empire. I thought it was great. A year or two ago I read a history of finance or money or something he did on my Kindle, and felt it was a waste of time. I wasn’t aware he was a right winger until now. He will probably no longer be on my list.Report
Just to add what the others have said about tax rates, if not knowing what will happen with tax rates handicaps business then we can never actually have a discuss taxes without hurting business. How in the hell can we run a country if the people or gov even considering the subject of taxes is so damaging??? The argument is that the polity in a democracy considering issues cripples business. Uncertainty is a euphemism for rich folk don’t like talk of raising taxes so shut up.Report
Good post. Niall Ferguson has plenty of form for bad reasoning. Here’s something I wrote about something he wrote about 9/11, employing especially poor counter-factualism: http://stevesarson.blogspot.co.uk/2011/09/niall-ferguson-niall-schmurguson.htmlReport
I misplaced that comma, there….Report