January 23, 2004

#141: Lap swimmer in a cesspool ...

P. Krugman

We returned from a winter break and had the experience of reading Paul Krugman's last eight columns in one or two sittings. Try it sometime! It's like watching a lap swimmer in a cesspool. He just goes back and forth treading in the same muck. He even had the audacity to write yet another column (we've lost count) on Enron. Conveniently forgotten are such facts as that the principal Enron transgressions date back to the Clinton administration when Krugman was a paid member of their advisory board. To hear him now, Enron was a Bush problem from the gitgo and he blithely uses the term as a metaphor for the administration's cozy relations with big business donors.

What a guy!

But the main thing we noticed in these columns was acceleration in the trend toward Howard Dean that we spotted a few months ago. Krugman was always a latent supporter, but now he has become a true "Deaniac" just as the Democratic primary voters are coming to their senses and rejecting the kind of angry, extremist Bush-bashing that is Dean's (and Krugman's) trademark. Krugman even echoed Dean in knocking the centrism of the Clinton administration.

If the Howard Dean flame-out continues and the Democrats nominate a moderate, Krugman will have to climb out of a pretty deep hole. It'll be fun watching.

[The Truth Squad is a group of economists who have long marveled at the writings of Paul Krugman. The Squad Reports are synopses of their discussions. ]

Posted by John Weidner at January 23, 2004 2:29 PM
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