Krugman: the left's new anti-Obama

POLITICO - By MIKE ALLEN 3/28/09

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 cope 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. Newsweek Editor Jon Meacham explains the choice in a letter to readers: “Every once a while, … a critic emerges who is more than a chatterer—a critic with credibility whose views seem more than a little plausible and who manages to rankle those in power in more than passing ways. As the debate over the rescue of the financial system—the crucial step toward stabilizing the economy and returning the country to prosperity—unfolds, the man on our cover this week, Paul Krugman of The New York Times, has emerged as the kind of critic who, as Evan Thomas writes, appears disturbingly close to the mark when he expresses his ‘despair’ over the administration’s bailout plan. … (continues..)