Tags: paul krugman | obama | presidency | successful

Paul Krugman: Obama Presidency Has Been 'Consequential, Successful'

Image: Paul Krugman: Obama Presidency Has Been 'Consequential, Successful'
Nobel Prize-winning economist Paul Krugman. (Nicholas Kamm/AFP/Getty Images)

By    |   Tuesday, 14 Oct 2014 05:18 PM

Nobel-prize winning economist Paul Krugman has thrown his support behind Barack Obama’s presidency in a Rolling Stone article, "In Defense of Obama."

The economist, known for his past criticisms of the president, wrote that Obama doesn’t deserve the trash talk he’s been getting.

“Despite bitter opposition, despite having come close to self-inflicted disaster, Obama has emerged as one of the most consequential and, yes, successful presidents in American history,” Krugman wrote.

Krugman praised the president on healthcare reform, financial reform, economic management, and environmental policy.

Krugman told ABC News that Obama’s achievements are more consequential than Republican Ronald Reagan’s, ranking consequential presidents in this order: Franklin Roosevelt, Lyndon Johnson, Obama, and then Reagan.

“People who had this idea that Obama was going to bring a transformation of America, I thought were being naïve,” Krugman told ABC News' Jonathan Karl this week. “But, by God, we got health reform, and we got a significant financial reform. We are getting the environmental action ... it’s not everything you would have wanted, but it’s more than anyone else has done for decades.”

Blake Fleetwood wrote in a Huffington Post blog that while he didn’t support Obama in 2008 because he thought him to be too cautious and full of rhetoric, now he says “Obama is exactly the right kind of pragmatic leader we need to have as President in these scary times.”

Twitter users had mixed reactions.









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Nobel-prize winning economist Paul Krugman has thrown his support behind Barack Obama's presidency in a Rolling Stone article, "In Defense of Obama."
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2014-18-14
Tuesday, 14 Oct 2014 05:18 PM
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