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‘Cool toward business’: Financial Times endorses Obama

Nov. 5, 2012 7:15am Eddie Scarry

Over the weekend the Financial Times, a UK-based world business newspaper, put its support behind President Obama. Though the endorsement from the paper’s editorial board notes that Obama has been “cool toward business,” it cites the administration’s response to Sandy as a major tipping point.

From the endorsement:

… Mr Obama has often been curiously aloof. He has been notably cool toward business. The self-proclaimed agent of change has at crucial points failed to exercise leadership. He declined to endorse the Simpson-Bowles bipartisan panel’s recommendations on cutting the ballooning federal deficit. The White House blames the implacable wall of opposition from Republicans in Congress. However, Mr Obama himself commissioned the report. The US now faces a “fiscal cliff” on January 1, which could trigger swingeing spending cuts and tax increases that could plunge the country back into recession. …

As in his response to Hurricane Sandy, Mr Obama has shown that purposeful government can be part of the solution rather than the problem. Four years on from the financial crisis, with extreme inequality an affront to the American dream, there remains a need for intelligent, reformist governance. Mr Obama, his presidency defined by the economic crisis, looks the better choice.

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Comments (5)

hecowe
Posted on November 6, 2012 at 2:10am
Hahahahahahahaha!!!

These guys are funny. I guess I should buy their magazine for the comedy.

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anothercomment
Posted on November 5, 2012 at 12:09pm
You have endorsed a man who has taken us to a fiscal cliff, and is going to leave us hanging until we can no longer hang on. You endorse a man who has used race to bitterly divide this country. You have endorsed a man who is not present at a crisis unless a camera is there to take a photograph. You have endorsed a man who has delivered countless military lives to the enemy. You have endorsed a man who wants the US to become Europe II or ruled by Islamic Caliphate, probably both.
Let’s get this cleared up right now, Financial Times-UK; Obama has done absolutely nothing for those people crushed by Hurricane Sandy.
It was a photo-op, a press stop, a chance to campaign some more. Nothing more.
Obama is, as you people like to say, ‘ALL MOUTH, NO TROUSERS’.

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Mapache
Posted on November 5, 2012 at 10:32am
Obviously with their praise of the Sandy response they focused on the photo-op with Governor Christie and not taken a look at what is actually happening on the ground.

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lillymckim
Posted on November 5, 2012 at 8:47am
UK based? Meh

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bannedfromCNN
Posted on November 5, 2012 at 8:34am
Are you sure this endorsement didn’t come from High Times?

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