Krugman as Loyal Opposition


From Russ Smith of Splice Today:

It appears certain that [New York Times columnist Paul] Krugman's disappointment with Obama will only be ratcheted up in the coming year—after all, he originally favored John Edwards for president last year—and the only question is how harsh his columns will be. He concludes: "It's time for the president to realize that sometimes populism, especially populism that makes bankers angry, is exactly what the economy needs."

Well, nuts to that, is my view, and it's a welcome spectacle to see the clueless Sen. Max Baucus get battered from all sides with his health care bill (which is tax-heavy and confusing), and receive little support from Obama, Harry Reid or Pelosi. Still, this is why I grudgingly read Krugman (everyone needs an occasional shot or two of Castor Oil): he tells Obama and his advisers what they don't want to hear…. Krugman's a loyal opposition within a (too) loyal majority.

Whole thing here.