Sunday, March 4, 2012

Closet Keynesian


Recently on a post, Frank Schaeffer cited the renown Economist Paul Krugman as a critic of Obama. I don't recall reading Krugman criticising Obama in any op-ed as of late and am not sure how to take the journalist's writing because he is on President Obama's side, yet he's incorrectly juxtaposing Krugman with Mitt Romney, a candidate for the G.O.P. Nomination, as critics of the President. In fact, Schaeffer acknowledges Krugman's work, yet he claims that, 
Both [Krugman and Romney] have often loudly predicted that he [Obama] made the economy worse and was putting America on the wrong economic path. Both are being proved wrong by the economic comeback we are in.