Newsweek's Clift Blames Capitalism for Woes Facing Obama
It’s a response that might incite laughter, as it did from conservative pundit Monica Crowley and MSNBC paleocon talker Pat Buchanan. According to Newsweek’s Eleanor Clift, the current problems facing the country and President Barack Obama are due to capitalism.
Clift, appearing on the syndicated April 26 “The McLaughlin Group” gave Obama high marks for his first hundred days and said Republicans were misguided for attacking the growth of the size of government.
“I give him a B+ because there’s a lot of outcomes that haven’t come in yet,” Clift said. “But look, this isn’t about the failure of government and the Republicans are on the wrong tact talking about big government. This is a failure of capitalism. He’s trying to save capitalism.”
“People are looking to
“He’s talking about saving capitalism?”
Clift questioned Crowley’s interpretation of nationalization, despite efforts by the federal government to convert their current holdings in bailed out banks from preferred shares of stock to common shares of stock with voting rights that would give the government more say in the day-to-day operation of some institutions.
“You ought to check the dictionary and understand what ‘nationalize’ means,” Clift fired back.
Jim Warren, the former managing editor for The Chicago Tribune, now an MSNBC contributor, gave Obama a higher grade than even Clift and also dismissed the whole notion that Obama was attempting to nationalize everything.
“The well-reasoned empirical answer to this, Monica, from the heartland is he gets an A,”
“And I think stylistically, the most fascinating thing – the most fascinating thing is the way Professor Obama is using the traditional bully pulpit as if it was some teaching lectern. And, I think that at this point is resonating, that is resonating