Krugman continues to be an honest broker:
How does the campaign deal with people who point out the awkward reality that all of the “Obama” job losses took place before any Obama policies had taken effect? The fallback argument — which was rolled out when reporters asked about the factory closure — is that even though Mr. Obama inherited a deeply troubled economy, he should have fixed it by now. That factory is still closed, said a Romney adviser, because of the failure of Obama policies “to really get this economy going again.”
Actually, that factory would probably still be closed even if the economy had done better — drywall is mainly used in new houses, and while the economy may be coming back, the Bush-era housing bubble isn’t.
But Mr. Romney’s poor choice of a factory for his photo-op aside, I guess accusing Mr. Obama of not doing enough to promote recovery is a better argument than blaming him for the effects of Bush policies. However, it’s not much better, since Mr. Romney is essentially advocating a return to those very same Bush policies. And he’s hoping that you don’t remember how badly those policies worked.
For the Bush era didn’t just end in catastrophe; it started off badly, too. Yes, Mr. Obama’s jobs record has been disappointing — but it has been unambiguously better than Mr. Bush’s over the comparable period of his administration.

And Krugman does let Obama off the hook:
(Above three grafs placed in blockquote tags — Oh, please, dear gods of blogs, may they now work!)
Oh, and, Paul? Obama is acting as if he Bush got a third term….
Hmmm — Susie, was there an editorial decision to remove blockquote tags from working when you redisgned the blog? Are you trying to discourage using quotes? Some other reason?
If so, I won’t use quote. But I sure miss having the use of blockquote tags: It’s a visual indication that something is being quoted.
The new template has a lot of small glitches and we’re working on them, one by one.
In the meantime, you can always use actual quotation marks.
The “know nothing public.” FDR wasn’t a liberal, he was a Capitalist. For all intents and purposes he saved the American Capitalists and their crumy Capitalist system. If the 99% have no jobs then they have no money. That’s called a depression. If they have no money they can’t buy stuff from the 1%. That’s called deflation. When that takes place the 1%, the Capitalists, go the way of the dodo bird. Here’s the difference between Obama and almost everyone else in both political parties. He’s prevented a war with Iran (fuck the Zionists) and he’s prevented an austerity program from being implemented (fuck the greedy Capitalists). Everything else he has or hasn’t done pales by comparison.
T/U so much for the update — look forward to the missing tags. Glad to know it’s not an editorial decision. Thanks for keeping us posted.
Imhotep — FDR actually understood capitalism, as opposed to the Neo-Cons and Neo-Libs of today. They want to take us back to feudalism.