If there were a Nobel prize for Obotics, Paul Krugman would surely win it
I believe that letsgetitdone has a more comprehensive takedown of this loathesome crotte of modified rapture and excuse-making from Krugman in Rolling Stone, but thought I'd just call attention to this one statement, if only to show you that I read all the way to the end:
I don't care about the fact that Obama hasn't lived up to the golden dreams of 2008...
Well, I care. A lot.
First, note the curious lack of agency in Krugman's phrasing: "The golden dreams of 2008." Well, did people find those dreams under a cabbage leaf, or were they consciously crafted, say by the Obama campaign? Of course they were, and these "dreams" were also used by adherents of that campaign to whip me and people like me out of the Democratic party. Not that I'm not happy to have been defenestrated, as it turns out, but it certainly was painful at the time, and after.
So who's responsible for turning those "golden dreams" to dross, instead of making them real? Well, that would be Obama and the Democrats themselves, who didn't abolish the filibuster with the "nuclear option" in 2009, and drive a stake through the heart of the Republican obstructionism they've been whining about ever since. (And if Reid can drop a mini-nuclear option to get a few judges through in 2013, why the heck didn't Democrats do the same thing in 2009, when it might have mattered on policy? A question that answers itself, once asked.)
Finally, I really take exception to Krugman's "church of the savvy"-style sneering. A lot of people, many of them innocently, many of them desperate, bought the dreams that Obama sold them. After Lehman went down and Obama won going away, Republicans were completely discredited, and the country was ready for a second FDR. And what did they get? Besides the largest upward transfer in world history -- from them -- and no prosecutions whatever of bankster executives? They got this. Pavlina Tcherneva's famous chart:
Come on. Shouldn't even a career "progressive" like Krugman be able to tell the difference between losing golden dream and being completely fucked?
Obama's a superlative con man, and the American people were conned. So what's Krugman doing? He's cooling the mark [source]. Shame!