Krugman Urges Obama to Reject Deal on Fiscal Cliff

Accuses GOP of economic blackmail

In his brand new op-ed at the NYT, Paul Krugman makes the loudest case yet that Obama shouldn't rush into any kind of big "deal" with the GOP on averting the fiscal cliff.

Liberals have been going in this direction for awhile, arguing two things: Hitting the fiscal cliff would not be a huge catastrophe right away, and the GOP has lost a lot of leverage, so there's no reason to cave to their insistence on everything.