Krugman Emerges as 'Voice of Loyal Opposition'

Newsweek sees lefty economist as top critic
By Kevin Spak,  Newser Staff
Posted Mar 28, 2009 2:06 PM CDT
Paul Krugman of Princeton University, winner of the Nobel Prize in Economics for 2008, holds his Nobel lecture at the Aula Magna of the Stockholm University, Dec. 8, 2008.   (AP Photo/Fredrik Persson, Scanpix Sweden)
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(Newser) – Monday’s issue of Newsweek will have a pretty striking cover story. The headline “OBAMA IS WRONG: The Loyal Opposition of Paul Krugman,” will be plastered over a close-up of the Nobel Prize-winning economist, reports Politico. "Every once in a while," writes Newsweek editor Jon Meacham, "a critic emerges who is more than a chatterer."

Krugman hasn't been shy about bashing President Obama's remedies. But "what is striking about this development is that Obama’s most thoughtful critic is taking on the president from the left," says Meacham. It's too early, of course, to know whether he's correct, but "a lot of people have a ‘creeping feeling’ that the Cassandra from Princeton may just be right. After all, the original Cassandra was.”