Home > Uncategorized > Harvard’s incorrectly political ignorant gay-bashing bloviating right-wing infotainment war-crimes-apologist historian finally gets one right

Harvard’s incorrectly political ignorant gay-bashing bloviating right-wing infotainment war-crimes-apologist historian finally gets one right

from David Ruccio



Niall Ferguson, Harvard’s incorrectly political ignorant gay-bashing bloviating right-wing infotainment war-crimes-apologist historian, finally gets something right.

In explaining the “fight isn’t going as planned” for Hillary Clinton, Ferguson writes: 

Last week, Clinton’s supporters seized on new economic data from the Census Bureau showing that median household income rose by more than 5 percent in real terms last year. Poverty is down. So is the number of Americans without health insurance. So is unemployment.

All this seems like grist to the mill of a campaign that essentially promises continuity. Yet there is a problem. Take another look at those figures for inflation-adjusted median household income. Yes, it was $56,500 last year, up from $53,700 the year before. But back in 1999 it was $57,909. In other words, it’s been a round trip — and a very bumpy one indeed — since Clinton’s husband was in the White House.

Telling Americans that they are nearly back to where they were 17 years ago and then expecting them to be grateful looks like a losing strategy. When two thirds of Americans — and even higher percentage of older white voters — say the country is on the wrong track, they are not (as Democrats claim) in denial about the Obama administration’s achievements. They are saying that the country is on a circular track, and has been since this century began.

Not surprising given his track record, Ferguson gets the rest wrong—arguing, for example, that one kind of stimulus (Trump’s proposed tax cuts for the wealthy) will work while the other kind of stimulus (Clinton’s government expenditures on infrastructure) won’t.

But his major observation about the failure of the Clinton strategy—that “Telling Americans that they are nearly back to where they were 17 years ago and then expecting them to be grateful”—is substantially correct.

  1. Bill
    September 29, 2016 at 2:46 pm

    We Americans have a problem about the past when we were living in a giant bubble. We refuse to acknowledge it. The late 90s through to 2007 saw us doing better, or so we thought, and accepting it as the new normal. This too must be factored into our mind frame about how well we are now doing in comparison to our recollection of the past.

    • robert locke
      September 29, 2016 at 3:47 pm

      If you are blaming the democrats,start the clock running in 2009, before that Bush policy makers were in command, and they got us into losing wars in Afganistan and Iran, and left officer with the financial sector in melt down. If you want to be an historian, get your facts straight.

    • September 29, 2016 at 4:57 pm

      Good points, but the 2000-2007 period had one of the slowest creation of new jobs in an 8 year term in history even if you don’t count 2008’s losses. If you are a professional, 2003-2007 was pretty solid, but if you are a new entry to the workforce, you had more troubles with employments than your parents had to face at the same point in their careers.

  2. September 29, 2016 at 3:11 pm

    niall ferguson also pointed out that british colonialism was the best thing that ever happened to india and africa.i think his income is around 275,0o

  3. September 29, 2016 at 3:34 pm

    As far as I know, he is no longer at Harvard, but at the Hoover Institution.

  4. September 29, 2016 at 4:43 pm

    What is the major factor that makes dangerous situations explode? Stress. What is the major most ever present stress on individuals and nations? Lack of economic flow and prosperity. What keeps economic flow and prosperity in force? Excessive Debt and its continual build up. Eliminate excess debt and permanently prevent its build up by a debt jubilee, a universal dividend distributed directly to the individual and by reducing prices with a general rebated discount at retail sale. This is the key to individual freedom and systemic free flowingness.

  5. October 3, 2016 at 6:08 am

    Ferguson is an interesting piece of work. He was one of the youngest Dons at Oxford, Professor of Financial History at NYU, Professor of History at Harvard Business School, and Philippe Roman Chair in History and International Affairs at the London School of Economics. He achieved all this before the age of 45. But Ferguson is his own worst enemy. His books Empire: How Britain Made the Modern World, The Ascent of Money: A Financial History of the World and Civilization: The West and the Rest laid out his eccentricities quite clearly. The world was a better place when the UK ruled it and would become a better place today if the UK ruled it once again. The UK ruled the world with economic policy, specifically liberal capitalism. Western civilization is the pinnacle civilization. Standing above all others. In short, Ferguson is a Victorian Brit. He is a man out of time. His home is the UK of 1880. Not the US or UK of 2016. He loves to screw with modernity and those who depend on it. An added bonus for him would be demeaning the US. I call him an intellectual sociopath. The kind of very smart guy who can and does manipulate people and events.

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