The latest cover of Newsweek is a shocker. Whether the cover reflects a change in coverage motivated by facts or just a desperate attempt to remain alive by Newsweek is debatable. Even if it is an accident, it is a welcome mistake toward reality. If it is a return to sanity, it may have come too late for the magazine which has seen better times.
Regardless of the motivation behind the cover, the cover article is superb and written by Niall Ferguson. Ferguson pulls no punches in reviewing Obama’s performance. His conclusion summarizes the tone of the article:
The voters now face a stark choice. They can let Barack Obama’s rambling, solipsistic narrative continue until they find themselves living in some American version of Europe, with low growth, high unemployment, even higher debt—and real geopolitical decline.
Or they can opt for real change: the kind of change that will end four years of economic underperformance, stop the terrifying accumulation of debt, and reestablish a secure fiscal foundation for American national security.
I’ve said it before: it’s a choice between les États Unis and the Republic of the Battle Hymn.
Ferguson was a McCain supporter four years ago.
The other way to look at this story is that it is becoming embarrassing for the mainstream media to continue to support the Fraud-In-Chief. All media has to trade on is credibility. Based on ratings, it should be obvious, even to the media, that this precious commodity is running out. The fact that Obama may lose and the media continues to run interference for him will only damage them further. Thomas Lifson discusses some of the consideration that may cause the media to break with their favored candidate:
The facts on the ground — such as the poor turnout for Obama rallies contrasted with the large and enthusiastic crowds greeting Romney and Ryan — are generally downplayed or completely ignored, while polls which oversample Democrats are pumped out. The media simply does not want to admit Obama looks like a loser, one who deserves to lose as badly as Carter did, because his policies have been disastrous, and his executive skills reflect his complete lack of experience running anything bigger than his mouth before entering the Oval Office as president.
There are signs that the media is beginning to panic, just as the Obama campaign seems to be panicking at the prospect of losing. Whether fear of survival is a big enough motivator to nudge the press closer to reality remains to be seen. There appear to be no integrity calculations involved, merely the concern for survival.