'The Economist' Endorses Obama

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  1. Political Junky
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    Political Junky Gold Member

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    Our American endorsement: Which one? | The Economist

    Our American endorsement
    Which one?
    America could do better than Barack Obama; sadly, Mitt Romney does not fit the bill
    Nov 3rd 2012 | from the print edition

    FOUR years ago, The Economist endorsed Barack Obama for the White House with enthusiasm. So did millions of voters. Next week Americans will trudge to the polls far less hopefully. So (in spirit at least) will this London-based newspaper. Having endured a miserably negative campaign, the world’s most powerful country now has a much more difficult decision to make than it faced four years ago.

    That is in large part because of the woeful nature of Mr Obama’s campaign. A man who once personified hope and centrism set a new low by unleashing attacks on Mitt Romney even before the first Republican primary. Yet elections are about choosing somebody to run a country. And this choice turns on two questions: how good a president has Mr Obama been, especially on the main issues of the economy and foreign policy? And can America really trust the ever-changing Mitt Romney to do a better job? On that basis, the Democrat narrowly deserves to be re-elected.
    <more>
     
  2. J.E.D
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    J.E.D What's tha matta?

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    The magazine cites Romney's ever-changing policy positions as part of the reason for their endorsement of president Obama.

     
  3. konradv
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    konradv Gold Member

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    I'm sure "The Economist" doesn't think much of Romney being led by the nose by the TPers. Like most working economists, they realize that to close the deficit we need to look at budget AND revenue options.
     
  4. J.E.D
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    J.E.D What's tha matta?

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    Yup
     
  5. rdean
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    rdean rddean

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    Previously, they endorsed:

    George W. Bush
    Bob Dole
    Ronald Reagan

    THE ECONOMIST: We're Endorsing Obama - Business Insider

    President Obama

    America was in a downward economic spiral when he took over, with its banks and carmakers in deep trouble and unemployment rising at the rate of 800,000 a month. His responses—an aggressive stimulus, bailing out General Motors and Chrysler, putting the banks through a sensible stress test and forcing them to raise capital (so that they are now in much better shape than their European peers)—helped avert a Depression.

    The other qualified achievement is health reform. Even to a newspaper with no love for big government, the fact that over 40m people had no health coverage in a country as rich as America was a scandal.

    And for all his shortcomings, Mr Obama has dragged America’s economy back from the brink of disaster, and has made a decent fist of foreign policy.

    Mitt Romney

    Indeed, the extremism of his party is Mr Romney’s greatest handicap. The Democrats have their implacable fringe too: look at the teachers’ unions. But the Republicans have become a party of Torquemadas, forcing representatives to sign pledges never to raise taxes, to dump the chairman of the Federal Reserve and to embrace an ever more Southern-fried approach to social policy. Under President Romney, new conservative Supreme Court justices would try to overturn Roe v Wade, returning abortion policy to the states. The rights of immigrants (who have hardly had a good deal under Mr Obama) and gays (who have) would also come under threat. This newspaper yearns for the more tolerant conservatism of Ronald Reagan, where “small government” meant keeping the state out of people’s bedrooms as well as out of their businesses. Mr Romney shows no sign of wanting to revive it.

    Our American endorsement: Which one? | The Economist

    Salt Lake City Tribune endorsed Obama. Reason? "Too many Mitts".

    Bloomberg Endorses Obama, Citing Climate Change - NYTimes.com

    In a surprise announcement, Mayor Michael R. Bloomberg said Thursday that Hurricane Sandy had reshaped his thinking about the presidential campaign and that as a result, he was endorsing President Obama.

    Since the hurricane, a number of elected officials have come forward, chiefly in New York, to say that they have concluded the planet is undergoing climate change, that huge storms are no longer freak occurrences but expectable reality, and that public policy must begin to prepare for the impact.

    Remember, Republicans believe "science is a faith, evolution a lie and climate change a conspiracy".

    Romney has been endorsed by the Des Moines Register. The last Republican they endorsed was Richard M. Nixon.
     
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  6. auditor0007
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    auditor0007 Gold Member

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    I voted for and supported Ronald Reagan. He was a very good President. Mitt Romney is no Ronald Reagan. In fact, I am certain Ronald Reagan would be repulsed by today's conservatism.
     
  7. William Joyce
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    William Joyce Chemotherapy for PC

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    The Economist is run by lefty Brits who admit communism doesn't work.

    That's "conservative"?
     
  8. JFK_USA
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    JFK_USA Gold Member

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    Boom!!! Awesome endorsement.
     
  9. Dr.House
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    Dr.House Lives on in syndication!

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    Are these the same economists who are fond of using the term "unexpectedly" often?
     
  10. asterism
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    asterism Congress != Progress

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    They also cite Obmacare as a positive, so there's the leftward bias.
     

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