Krugman and the Obama enigma

The economist is as exasperated as the rest of us:

People tend to forget how close the 2008 presidential race looked as late as August, and the immense frustration many Democrats felt with Barack Obama at the time. He seemed weirdly unwilling to drive home his case against Bush/McCain economic policies; his instinct, as people said, was apparently to go for the capillaries.


The hard-hitting and effective campaign against Romney led many people to believe that this wasn’t going to happen again. But in the first debate, there was Capillary Man once again.


I really don’t know what this is about.