Paul Krugman's Explains Obama's First-Year Failure: He's Not Blaming Bush Enough!

Krugman in his Monday column: "Whatever the reason, Mr. Obama has allowed the public to forget, with remarkable speed, that the economy's troubles didn't start on his watch." Barack Obama, quoted in the same edition: "We have had one year to make up for eight."
Columnist Paul Krugman knows why Obama is struggling. According to Krugman's Monday column, Obama's not blaming former President Bush enough. (Could have fooled us.)

Finally, about that narrative: It's instructive to compare Mr. Obama's rhetorical stance on the economy with that of Ronald Reagan. It's often forgotten now, but unemployment actually soared after Reagan's 1981 tax cut. Reagan, however, had a ready answer for critics: everything going wrong was the result of the failed policies of the past. In effect, Reagan spent his first few years in office continuing to run against Jimmy Carter.

Mr. Obama could have done the same - with, I'd argue, considerably more justice. He could have pointed out, repeatedly, that the continuing troubles of America's economy are the result of a financial crisis that developed under the Bush administration, and was at least in part the result of the Bush administration's refusal to regulate the banks.

But he didn't. Maybe he still dreams of bridging the partisan divide; maybe he fears the ire of pundits who consider blaming your predecessor for current problems uncouth - if you're a Democrat. (It's O.K. if you're a Republican.) Whatever the reason, Mr. Obama has allowed the public to forget, with remarkable speed, that the economy's troubles didn't start on his watch.

Yet the very same edition of the Times features a story quoting Obama blaming Bush. Here's reporter Jeff Zeleny on Obama's sudden trip to Boston to boost the sagging fortunes of Democratic Senate candidate Martha Coakley:

The president, who was making his first political appearance of the midterm election year, acknowledged the anger, but he accepted none of the blame. He sought to cast the election as a choice between furthering a populist Democratic agenda or emboldening an obstructionist Republican one.

"We have had one year to make up for eight," Mr. Obama said. "It hasn't been quick, it hasn't been easy. But we've begun to deliver on the change you voted for."