Politics

Nobel Prize-Winning Economist: Obama One Of The Most Successful Presidents In History

| by Amanda Andrade-Rhoades

Paul Krugman, a Nobel Prize-winning economist and self-proclaimed Obama skeptic, has changed his tune. In a feature for Rolling Stone magazine, Krugman has made a case that Obama is one of the most "successful presidents in American history.”

Krugman, who accurately titled his feature “In Defense of Obama,” wrote that he was disappointed in the Democrats but unsurprised at the Republican’s attitude, describing their policy towards Obama as a “scorched-earth” opposition. Though he did conceded that Obama’s approach was naively optimistic at the outset of his presidency, Krugman outlined the administrations stride in healthcare, environmental protection, national security and the economy. 

Despite the fact that millions of people have gained health insurance under Obamacare and the once-crumbling economy has rebounded, Obama is facing some of his lowest approval ratings, Mother Jones reported. Still, Krugman defended his new position in an interview with ABC News.

"People who had this idea that Obama was going to bring a transformation of America, I thought were being naïve," Krugman said in the interview. "But, by God, we got health reform, and we got a significant financial reform. We are getting the environmental action … it’s not everything you would have wanted, but it’s more than anyone else has done for decades.”

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Krugman concluded his Rolling Stone feature that Obama’s presidency was, overall, a successful one. “Am I damning with faint praise? Not at all,” he wrote.

“I don't care about the fact that Obama hasn't lived up to the golden dreams of 2008, and I care even less about his approval rating. I do care that he has, when all is said and done, achieved a lot. That is, as Joe Biden didn't quite say, a big deal.”

Sources: Rolling Stone, Mother Jones Image via Commonwealth Club/Flickr