Why? It seems that with the loss of the 60th Democrat, this 2,600-page monstrosity of "healthcare reform" that no one in the Senate (at least no Democrat) has fully read is in danger, and apparently Obama is not ready to declare martial law or something like that to ram it through. Krugman declares:
I’m pretty close to giving up on Mr. Obama, who seems determined to confirm every doubt I and others ever had about whether he was ready to fight for what his supporters believed in.Just what is it that Obama is supposed to "believe in"? Massive debt? A new hike in the minimum wage that has jacked up the teenage rate of unemployment? Printing money out the wazoo? Wars abroad? Bailing out irresponsible state spending? Bailing out GM and Chrysler? Pushing fraudulent "green jobs" that will make us poorer?
I mean, what is there not to like about Obama's presidency so far, should one be a "Progressive"? The guy is ensuring that an economic recovery will be anemic at best and non-existent at worst, and entrepreneurs who are not in bed with the government are getting the shaft. This is a Keynesian's dream.
Krugman's "He Wasn't The One We've Been Waiting For" post title reminds me of the passage in Matthew 11 when the disciples of John the Baptist ask Jesus, "Are you the one who is to come, or whall we look for another?" Jesus replied by reciting passages from the Prophet Isaiah. Perhaps Obama, given a similar question by Krugman's followers, could answer:
Tell Krugman the printing press is in high gear, taxes are being raised, industry is being nationalized, government-backed financial moral hazard is expanded, the Drug War goes on, minimum wages are raised, and we are vastly expanding public debt.
Granted, such words ain't exactly Isaiah, but nonetheless, they should be Gospel themselves to Keynesians like Krugman.