Financial Times Endorses Obama For President

Financial Times:

US presidential elections involve a fabulous expense of time, effort and money. Doubtless it is all too much - but, by the end, nobody can complain that the candidates have been too little scrutinised. We have learnt a lot about Barack Obama and John McCain during this campaign. In our view, it is enough to be confident that Mr Obama is the right choice.

At the outset, we were not so confident. Mr Obama is inexperienced. His policies are a blend of good, not so good and downright bad. Since the election will strengthen Democratic control of Congress, a case can be made for returning a Republican to the White House: divided government has a better record in the United States than government united under either party.

Read the whole story: Financial Times

Comments

[ContraEgoiste]

http://www.economist.com/world/unitedstates/displaystory.cfm?STORY_ID=12342127

The Economist

AsThe financial crisis pushes the economy back to the top of voters’ concerns, Barack Obama is starting to open up a clear lead over John~McCain in the opinion polls. But among those who study economics for a living, Mr Obama’s lead is much more commanding. A survey of academic economists by The Economist finds the majority—at times by overwhelming margins—believe Mr Obama has the superior economic plan, a firmer grasp of economics and will appoint better economic advisers.

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http://www.nytimes.com/2008/08/24/magazine/24Obamanomics-t.html?pagewanted=3&ei=5124&en=0a676fbd7849a186&ex=1378267200&partner=permalink&exprod=permalink

James Heckman (Nobel~Laureate, Professor of Economics at The University of Chicago) on Obama
“I’ve never worked with a campaign that was more interested in what the research shows.”

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http://digg.com/2008_us_elections/Influential_Conservative_Republican_Economist_Endorses_Obama

Dr. Larry Hunter, PhD - Longtime ultra~conservative economist talks about why he supports Obama.

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Other Prominent economists who support Obama:

Brad Delong, Berkeley macroeconomist
Joseph Stiglitz, 2001 Nobel~laureate
Edmund Phelps, 2006 Nobel~laureate
Ray Fair, Yale macroeconomist
Dan McFadden, 2000 Nobel~laureate
Robert Solow, 1987 Nobel~laureate

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Prominent finance people who support Obama:

William Donaldson, Securities and Exchange Commission (SEC) Chair 2003-05
Arthur Levitt, SEC chair 1993-2001
David Ruder, SEC chair 1987-1989
Warren Buffet

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http://hburgnews.com/2008/02/07/local-economist-endorses-obama/

Local Economist Endorses Obama

[Woolley]

This endorsement alone should be more than enough to sway Independent voters who are still conflicted about this election. It should now be fundamentally clear that Barack Obama is the man with the necessary leadership skills required to repair the mess created by GOP policies over the last eight years.

[quantumspin]

I am nervous at this FT endorsement.

Reason: the FT stands for economic fundamentalism, meaning no regulation, 'whatever it takes to make a profit,' and basically, the worker doesn't matter.

For the FT to endorse Obama makes me wonder: what will Obama actually DO once in office? Will he further the decline of the American worker? Will he side with the banks and Wall Street? [he has received more campaign $ from WS than McCain has by a 2:1 ratio].

The FT is NOT pro worker. The FT is as 'fundamentalist' as your basic southern Baptist regarding the economy.

I say: be afraid that the FT has endorsed Obama.

[Eoin45]

Did you actually read the article? the reasons they gave for supporting Obama were more about competence and leadership than about specific policies.

[truthbrigade]

You have no clue what the Financial Times is. You have no clue that it is NOT an American piece of crap. You have no clue because you're a Goober, the son of a Goober, who was the son of another Goober; you come from a long line of Goobers and it shows.

[Whatashame]

Go out and vote and make sure you read the bollot carefully before casting your vote.

Go out and vote and make sure you read the bollot carefully before casting your vote.

Go out and vote and make sure you read the bollot carefully before casting your vote.

Go out and vote and make sure you read the bollot carefully before casting your vote.

[skatscan]

I dunno if I can count of a guy who cut and pasted the word bollot four times. What's a bollot?

[ron ray]

This is landmark -- an anti-tax, pro business financial publication recognizing Obama is the only man to take us away from Bush's failed policies. wow.

[fem56]

More socialists (Or is it communists) endorsing Obama. I agree with many of the comments they made as well.

[Hopalongpoppyseed]

Unrestricted international trade has been the orthodox position of British financial interests since before World War One. What else would you expect from an island empire. But, just like the U.S. today, the British free traders traded on terms that benefited themselves, regardless of the cost to others. This practice was part of the cause of World War One. So while the endorsement of the Financial Times is useful, we must note their reservations on trade policy and note that they and all free traders will continue to maneuver for trade policies that will enrich their ruling class cabals and screw the American worker.

[NuOrigin]

I predict this future narrative from a McCain commercial:

"The Financial Times called Obama 'Inexperienced' and said his policies were '...downright bad...'.

end quote

[hotstuff]

But said " Mccain is worse in almost every area NuOrgin". You don't get to pick ONE word, without adding the other thousands. Shame, Shame!

[Hopalongpoppyseed]

hotstuff, See above.

[motherfather]

OMG.. YOU ARE SUCH A REPUBLITARD!! GIVE IT UP ALREADY.

[Hopalongpoppyseed]

motherfather, It always helps to read someone's profile. NuOrigin is no Republican. Read his/her profile. NuOrigin was being ironic. (I hope we don't have to quibble about the definition of irony).

[bobbyperu]

NUOrigin is quite witty with the post, please re read and see what the poster is actually saying.

[wanttruth]

Great news!

[lucite]

This endorsement I would have to say is the final nail in McCain/Palin campaign. I suppose the Campaign response would be Oh that's a washed up rag.

[elcojonu]

Someone please clear something up for me, isn't this Paper owned by Rupert Murdoch ?

[Bluebayou101]

No, Murdoch's News Corp owns the Wall Street Journal.

The FT is owned by a media conglomerate called Pearson:
http://en.wikipedia.org/wiki/Pearson_PLC#Financial_Times_Group:_financial_publishing

Pearson and News Corp are competitors.

[GwenElle]

You are probably thinking of the Brittish papers The Times and The Sunday Times. As Bluebayou101 states Pearson PLC owns The Financial Times.

[majorteddy]

Et tu, Financial Times?

[munki]

Financial Time is globally highly respected British financial newspaper... like WSJ of Europe...
Welcome...
Depending on what part of world you are... FT has stronger base...
Obviously in Europe, Middle East, Financial centers in Asia - Hong Kong, Singapore...
Japan has its own called Nikkei...

[Lucus78]

Poor old would be Cezar. Go BRUTUS!!!!!!!

[frappe]

Endorsing Obama. Now that is smart business.

[rockyb26]

Could they have been a tad bit more positive? How do you endorse someone by pointing out all the things you think are wrong with his proposals?

[BabsfromKansas]

FT is a very serious, British newspaper...what they say has mucho gravitas.

[lvdragonlady]

No candidate is perfect nor do candidates have all the answers or the best plans.
BUT, a great candidate will get people involved and will work with these same people to make the right decisions and to come up with the best possible plan to improve life for everyone NOT JUST A FEW.

VOTE EARLY if you can.
Give someone a ride to the polls....
WE CAN MAKE THIS HAPPEN

[honestpolitician]

FT is very well respected.... This will change some minds on undecided voters..

PEOPLE!!! Go out and Vote!! We need an Obama landslide as reports show that McCain is trying to rig/scam this election!! Please get your family and friends out and vote for this historical moment! You are contributing to history!

NEW POLITICAL AD ATTACKS(Video) http://politicaladattacks.blogspot.com/

[suemcf]

GO VOTE. Assume nothing. McCain and the GOP are good at nasty elections and stealing. PLEASE...I am starting to freak out b/c Obama might have peaked too early.

GO VOTE for OBAMA and tell everyone. PLEASE for our country.