I wonder what Krugman's motivation is for insisting that Obama's strategy is wrong? Because he feels a strong allegiance to doing what's right for the country, or because he wants to be right? How much of this is ego? Obama's plan is already in place. They already made their decision and they didn't choose Krugman's strategy. So whatever Krugman has to offer seems too late.
Politico: A stark image of Paul Krugman, the bearded New York Times op-ed columnist and Princeton economist, appears on the cover of next week’s Newsweek, with the headline “OBAMA IS WRONG: The Loyal Opposition of Paul Krugman.”
Krugman, who won the Nobel Prize in economics last fall, has been arguing that Obama is doing too little to respond to threats to the nation’s banking and economic system, and he has contended that the $787 billion stimulus bill should have been bigger.
Krugman personifies a conundrum for Obama: He has to cop with complaints from the political left, as well as the more predictable opposition of the right.
The prolific professor has been pushing his views in his column, on his blog and in Rolling Stone.