Paul Krugman: Obama is ‘one of the most consequential and successful presidents in American history’

New York Times columnist Paul Krugman has been a frequent critic of President Obama from the left. Obama’s Affordable Care Act should have been “Medicare for all,” the stimulus package needed to be much bigger, Dodd-Frank should have been a renewed Glass-Steagall Act, Obama’s inexplicable dalliance with the GOP for a “Grand Bargain,” etc. Much of Krugman’s criticism I believe is his idealism of arguing for the ideal public policy, rather than what is politically achievable in a toxic environment of scorched earth partisan GOP opposition to absolutely anything Obama proposes.

Krugman has a must read piece in Rolling Stone magazine in which, despite his criticisms, he makes the case for why Obama is one of the most consequential and successful presidents in American history. In Defense of Obama | Rolling Stone:

When it comes to Barack Obama, I’ve always been out of sync. Back in 2008, when many liberals were wildly enthusiastic about his candidacy and his press was strongly favorable, I was skeptical. I worried that he was naive, that his talk about transcending the political divide was a dangerous illusion given the unyielding extremism of the modern American right. Furthermore, it seemed clear to me that, far from being the transformational figure his supporters imagined, he was rather conventional-minded: Even before taking office, he showed signs of paying far too much attention to what some of us would later take to calling Very Serious People, people who regarded cutting budget deficits and a willingness to slash Social Security as the very essence of political virtue.

And I wasn’t wrong. Obama was indeed naive: He faced scorched-earth Republican opposition from Day One, and it took him years to start dealing with that opposition realistically. Furthermore, he came perilously close to doing terrible things to the U.S. safety net in pursuit of a budget Grand Bargain; we were saved from significant cuts to Social Security and a rise in the Medicare age only by Republican greed, the GOP’s unwillingness to make even token concessions.

But now the shoe is on the other foot: Obama faces trash talk left, right and center – literally – and doesn’t deserve it. Despite bitter opposition, despite having come close to self-inflicted disaster, Obama has emerged as one of the most consequential and, yes, successful presidents in American history. His health reform is imperfect but still a huge step forward – and it’s working better than anyone expected. Financial reform fell far short of what should have happened, but it’s much more effective than you’d think. Economic management has been half-crippled by Republican obstruction, but has nonetheless been much better than in other advanced countries. And environmental policy is starting to look like it could be a major legacy.

I’ll go through those achievements shortly. First, however, let’s take a moment to talk about the current wave of Obama-bashing. All Obama-bashing can be divided into three types. One, a constant of his time in office, is the onslaught from the right, which has never stopped portraying him as an Islamic atheist Marxist Kenyan. Nothing has changed on that front, and nothing will.

There’s a different story on the left, where you now find a significant number of critics decrying Obama as, to quote Cornel West, someone who ”posed as a progressive and turned out to be counterfeit.” They’re outraged that Wall Street hasn’t been punished, that income inequality remains so high, that ”neoliberal” economic policies are stillin place. All of this seems to rest on the belief that if only Obama had put his eloquence behind a radical economic agenda, he could somehow have gotten that agenda past all the political barriers that have constrained even his much more modest efforts. [Brendan Nyhan has labeled this The Green Lantern Theory of the Presidency.] It’s hard to take such claims seriously.

Finally, there’s the constant belittling of Obama from mainstream pundits and talking heads. Turn on cable news (although I wouldn’t advise it) and you’ll hear endless talk about a rudderless, stalled administration, maybe even about a failed presidency. Such talk is often buttressed by polls showing that Obama does, indeed, have an approval rating that is very low by historical standards.

But this bashing is misguided even in its own terms – and in any case, it’s focused on the wrong thing.

Yes, Obama has a low approval rating compared with earlier presidents. But there are a number of reasons to believe that presidential approval doesn’t mean the same thing that it used to: There is much more party-sorting (in which Republicans never, ever have a good word for a Democratic president, and vice versa), the public is negative on politicians in general, and so on. Obviously the midterm election hasn’t happened yet, but in a year when Republicans have a huge structural advantage – Democrats are defending a disproportionate number of Senate seats in deep-red states – most analyses suggest that control of the Senate is in doubt, with Democrats doing considerably better than they were supposed to. This isn’t what you’d expect to see if a failing president were dragging his party down.

More important, however, polls – or even elections – are not the measure of a president. High office shouldn’t be about putting points on the electoral scoreboard, it should be about changing the country for the better. Has Obama done that? Do his achievements look likely to endure? The answer to both questions is yes.

Continue reading In Defense of Obama | Rolling Stone.

Rolling Stone also offers 55 numbers that show things have actually improved a lot under President Obama. The Obama Hope and Change Index: 6 Years of Progress, By the Numbers:

The policy victories Obama has delivered have been hard-fought, messy and politically fraught. The achievements may not be all that the president’s 2008 boosters hoped for, but change has come. Here, six years of progress, by the numbers:

Peak unemployment, October 2009: 10 percent
Unemployment rate now: 5.9 percent
Consecutive private sector job growth: 55 months
Private sector jobs created: 10.3 million
Federal deficit, 2009: 9.8 percent of GDP
Deficit in 2014: 2.8 percent of GDP
Average under Ronald Reagan: 4.2 percent of GDP
Average tax rate for highest earners 2008: 28.1 percent
Average tax rate for highest earners 2013: 33.6 percent
Banks regulated as too big to fail, 2009: 0
Banks regulated as “systemically important financial institutions” — a.k.a. too big to fail — 2014: 29
Billions returned to consumers by Consumer Financial Protection Bureau enforcement: $4.6 billion
Americans compensated for being swindled by banks, lenders and credit card companies: 15 million
Dow Jones close, inauguration day 2009: 7,949
Dow Jones yesterday: 16,719
Required MPG (miles per gallon) for cars when Obama took office: 27.5
Required MPG for light trucks/SUVs when Obama took office: 23
MPG requirement by 2016 for cars, light trucks/SUVs: 35.5
MPG required by 2025: 54.5
Gigawatts of wind power installed when Obama took office: 25
Gigawatts of wind power installed through end of 2013: 61
Peak summertime solar power generation June 2008: 128 gigawatt hours
Peak summertime solar power generation June 2014: 2,061 gigawatt hours
Coal burned in electrical generation 2008: 1 billion short tons
Coal burned in electrical generation 2013: 858 million short tons
Reduction: 14.2 percent
EPA-proposed CO2 reductions for power sector by 2030: 30 percent
Pell grant funding 2008-2009: $18 billion
Pell grant funding 2013-2014: $33 billion
Adults gaining insurance under first year of Obamacare: 10.3 million
As a percentage of the uninsured: 26
Annual cost for birth control prior to Obamacare: Up to $600
Annual cost for birth control under Obamacare-compliant policies: $0
Prescriptions now required to obtain emergency contraception: 0
2009 projection for Medicare going broke: 2017
2014 projection for Medicare going broke: 2030
Troops in Iraq, inauguration day 2009: 144,000
Troops in Iraq today: 1,600
Osama bin Ladens alive 2009: 1
Osama bin Ladens alive 2014: 0
Troops in Afghanistan, day, 2009: 34,400
Troops pledged in Afghanistan by end of 2014: 9,800
Guantánamo detainees inauguration day 2009: 242
Gitmo detainees today: 149
Crack vs. Powder cocaine-crime sentencing disparity when Obama took office: 100:1
Crack vs. Powder disparity today: 18:1
Drug offenders eligible to seek early release under new sentencing guidelines: 46,000
States with medical marijuana, 2009: 13
Jurisdictions with medical marijuana today: 23 states, plus Washington, D.C.
States with legal recreational pot 2009: 0
States with legal recreational pot today: 2
Jurisdictions with marijuana legalization on the ballot in 2014: Alaska, Oregon, Washington D.C.
States where gay marriage was legal inauguration day 2009: Massachusetts, Connecticut
States where gay marriage is legal: 24, plus Washington, D.C. (soon to be 30 plus D.C., following Supreme Court refusal to intervene)
Immigrants brought to the U.S. illegally as children now shielded from deportation: 800,000