"[Niall] Ferguson: Not Only Do I Dislike the President's Budget Policies, He's Also Black!"

[HNN: On Tuesday the liberal blogosphere lit up with complaints about Niall Ferguson's recent column in the Financial Times. An example follows.]

I cannot believe the Financial Times agreed to run this lead:

President Barack Obama reminds me of Felix the Cat. One of the best-loved cartoon characters of the 1920s, Felix was not only black. He was also very, very lucky. And that pretty much sums up the 44th president of the US as he takes a well-earned summer break after just over six months in the world’s biggest and toughest job.

I really enjoyed The Pity of War and have spent years being amazed by how nutty Ferguson is as a columnist and pundit.

[HNN: Ferguson closes his column:"Six months in, Mr Obama still has the look of a lucky, two-term president. But that could change if voters become even more disenchanted with the legislative branch and start blaming the president for the looming fiscal train-wreck. The scariest possibility for Mr Obama is that the runaway deficit could leave him with the worst of both worlds: exploding debt and flat-lining growth. Even Felix the Cat’s luck ran out during the Depression. His creator Pat Sullivan drank himself to death in 1933, baffled that audiences now preferred mice like Mickey and Jerry. President Obama should take note."]