In his latest column for the New York Times, celebrated economist Paul Krugman, winner of the European Pulitzer Prize and the Nobel Prize in economics, refuted the baseless Republican talking points that President Obama is having a disastrous year.
“The truth is that these days much of the right wingnut commentary you see on the Obama administration … emphasizes the negative,” Krugman writes. “But this is all wrong. You should judge leaders by their achievements, not their press, and in terms of policy substance Mr. Obama is having a seriously good year.”
According to Mr. Krugman, this year's policy developments have been so consequential that future historians will probably look back on Obama’s sixth year as president as “one of those years when America took a major turn in the right direction.”
While he makes brief mention of a Wall Street reform effort that he believes is more substantial than some Obama critics are willing to admit, Krugman bases his argument almost entirely on two policy initiatives: The (disastrous then successful) launch of Obamacare’s health insurance marketplaces and the Environmental Protection Agency’s recently announced new regulations on power plants. But President Obama could discover the cure for cancer this week and the right would not give him credit for it...'cuz they hate him for what and who he is...
Krugman calls it “Simpson-Bowles syndrome,” which is the centrist’s conviction that Obama could not be a consequential president unless he brokered a Grand Bargain to implement austerity. ”The result of the syndrome’s continuing grip,” writes Krugman, “is that Mr. Obama’s big achievements don’t register with much of the Washington establishment: he was supposed to save the budget, not the planet, and somehow he was supposed to bring Republicans along.”
Who cares what those radical rightwing nuts think?