The Economist has endorsed Barack Obama.
And I now no longer endorse The Economist.
Sorry, after what is approaching a 12 year love affair with The Economist, my formerly beautiful fair maiden has gotten incredibly fat and ugly and taken a sharp turn to the left as of recent. With a new chief editor I, along with many others, have noticed this deterioration, but this is just plain unacceptable.
How a formerly great publication such as The Economist, based on simple laws of economics and freedom, has now come to support Obama, a socialist (and let there be no if, and, or's or but's about it), shows how there is no longer any intellectual honest or integrity left at the "rag" and they've simply become another member of the Main Stream Media, posing as some kind of intellectually unique publication.
I am now to believe, that all the charts, data and empirical evidence it has furnished over the years were in error? Were faulted? And their opposition to the corporate tax was wrong all this time? Free markets are NOT the way to go? Unfortunately for The Economist web sites such as the OECD, FRED Database and others provide us the information needed to develop and create our own opinions, making The Economist obsolete.
Of course, no doubt The Economist will see it's readership go up. It has abandoned its niche market of intelligent, intellectually honest men and women desperately seeking truth, opting to instead woo the masses by telling them what they want to hear. And if you think about it, that's only befitting.
It's the exact same thing Obama is doing.