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Niall Ferguson Paul Krugman

Newsweek cover story: Obama’s Gotta Go

19 Aug, 2012

Ferguson writes in The Daily Beast that Obama, while being a transformational figure, has not lived up to his promise and that while Mitt Romney is not the best candidate he has the business experience required to improve the country’s situation:

The question confronting the country nearly four years after Barack Obama’s election 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.

Mitt Romney is not the best candidate for the presidency I can imagine. But he was clearly the best of the Republican contenders for the nomination. He brings to the presidency precisely the kind of experience—both in the business world and in executive office—that Barack Obama manifestly lacked four years ago.

The voters now face a stark choice. They can let Barack Obama’s rambling, solipsistic narrative continue until they find themselves living in some American version of Europe, with low growth, high unemployment, even higher debt—and real geopolitical decline. Or they can opt for real change: the kind of change that will end four years of economic underperformance, stop the terrifying accumulation of debt, and reestablish a secure fiscal foundation for American national security.