In fact, Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats. He surrendered last December, extending all the Bush tax cuts; he surrendered in the spring when they threatened to shut down the government; and he has now surrendered on a grand scale to raw extortion over the debt ceiling. Maybe it’s just me, but I see a pattern here.
Yes, the debt ceiling deal was disillusioning, and droves of Democrats followed Krugman into the slough of despond. Nine days later, the disgust peaked with Drew Westen's What Happened to Obama, a 3000-word screed on the front page of the New York Times Sunday Review that portrayed Obama as a craven conflict-averse surrender monkey while belittling his legislative accomplishments. As I pointed out at the time, this rhetorical nuke dropped on ground zero in the liberal heartland relied almost entirely on Krugman's critique of the stimulus for its substantive attack on Obama's record.
Yet Krugman has had a change of heart over the past year. His esteem for the president has grown more swiftly than the economy -- to the point where, if Obama's base followed Krugman's lead, there would be no enthusiasm gap. Perhaps it's an accelerating case of 'you don't know what you've got till it's [almost] gone.