Krugman Already Offers Spin For Obama Failure
Paul Krugman for his part tries to again disassociate himself from Obama. Krugman opposed Obama in the Democratic primaries, which is likely why he didn't get any job in Obama's administration even though he supported Obama during the general election. Now Krugman again starts to criticize Obama, claiming that his proposed stimulus package won't be big enough (Krugman didn't think Roosevelt's New Deal was big enough, so we shouldn't be surprised by that) and is too focused on tax cuts relative to spending increases ("only" 60%).
As Krugman correctly sense that the Obama package won't solve the problems, he is already starting to get disassociated from it, so that once the failure becomes apparent, he can say "see I told you so" and "explain" this by saying that Obama's "New Deal", like Roosevelt's, was too small.