Not exactly hot off the pixel-press, but if you’re a fan — or an anti-fan — of K-Thug, Benjamin Wallace-Wells’ NYMag cover article on “Paul Krugman’s Lonely Crusade” is a good read:
… For the first two years of the Obama administration, Krugman has been building, in his columns and on his blog, not just a critique of this presidency but something grander and more expansively detailed, something closer to an alternate architecture for what Obamaism might be. The project has remade Krugman’s public image, as if he had spent years becoming a chemically isolate form of himself—first a moderate, then an anti-Bush partisan, and now the leading exponent of a kind of liberal purism against which the compromises of the White House might be judged. Krugman’s counterfactual Obama would have provided far more stimulus money and would have nationalized Citigroup and Bank of America. He would have written off Republicans and worked only with Democrats to fashion a health-care reform bill that included a so-called public option. The president of Krugman’s dreams would have made his singular long-term goal the preservation of the welfare state and the middle-class society it was designed to create. […] __
A few years ago, Krugman, having decided that he was going to be writing about politics and so he should know more about it, did a very Krugman thing. He didn’t talk to people who worked in Washington. Instead, he started to read the political-science literature. Krugman had never understood the press coverage of politics, which seemed to emphasize its most irrelevant aspects. Why dwell on a presidential candidate’s psychology when the trends in unemployment would tell you who would win an election? But viewed through the prism of political science, politics began to seem much more familiar to him. There was a mathematics to it—you could assemble data, draw correlations, understand what was essential and what was noise. The underlying shape of politics came sweeping into view: If you arranged members of Congress from left to right based on how they voted on welfare-state issues—Social Security, Medicare, unemployment insurance—it turned out that this left-to-right axis could predict every other vote: On Iraq expenditures, on abortion, whatever. “When you realize the fundamental divide in U.S. politics is just this one-dimensional thing, and that is how you feel about the welfare state,” Krugman says, “that changes things.”
You could see something else in the data, too. From 1979 to 2004, the income of the richest one percent of Americans grew by 176 percent, that of the richest one fifth of the country by 69 percent, and that of everyone else by less than 25 percent. Working through the numbers, Krugman came to believe that “only a fraction” of the change was compelled by global forces, which had been the standard explanation. The rest, he concluded, was political.
Krugman’s detractors, foremost among them Larry Summers, are given plenty of space to explain his shortcomings. Of course, if you are like me, and consider Larry Summers the IQ-enhanced version of William Kristol, this is only going to reinforce a certain prejudice about judging an individual by the quality of his enemies…