Newsweek cover story by Niall Ferguson about President Obama’s re-election bid criticized by Paul Krugman

By on Aug 21, 2012 in International, Lifestyle, Politics, United States Comments

The recent Newsweek cover story by columnist Niall Ferguson about the re-election bid by US President Barack Obama is being criticized by Paul Krugman, a Princeton economics professor who won a Nobel Prize in Economics in 2008, saying that the article has incorrect information and needs to be corrected.



Newsweek magazine cover
Image Credit: Niall Ferguson/Newsweek

According to a post by Paul Krugman on The New York Times on Sunday, August 20, 2012 titled “Unethical Commentary, Newsweek Edition,” the Nobel Prize winner said that Ferguson‘s Newsweek cover story titled “Hit the Road, Barack. Why We Need a New President” has multiple errors and misrepresentations.

As noted by Krugman, Ferguson, a Scottish historian and a Harvard University professor, needs to issue a correction on his Newsweek cover story on why President Obama should not be re-elected this coming November. He cited a Ferguson‘s statement below, as the one that needed to be checked.

“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.”

Krugman, who also had a previous exchange of views with Ferguson in May 2009 regarding the U.S. economy, said that Ferguson is “deliberately misleading readers, conveying the impression that the CBO had actually rejected Obama‘s claim that health reform is deficit-neutral, when in fact the opposite is true.”

“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 added.

Later that day, Ferguson responded via another blog post at TheDailyBeast.com titled “Ferguson‘s Newsweek Cover Rebuttal: Paul Krugman Is Wrong” and contested the claim of the New York Times columnist, saying that his allegations are not true and even posted a part of the CBO report on his post.



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