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Historic Obama critic Paul Krugman made an about-face in his opinion of the president's performance in a much-discussed Rolling Stone essay on Oct. 8 that Salon columnist Thomas Frank, who believes Krugman's "relentless, one-man war on austerity… should have earned him a second Nobel Prize," finds incredible.

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Journalist Mike Whitney praised the Truthdig editor in chief for being "the only voice on the left" to defend former Reagan budget director David Stockman against an "army of toffeenose pundits" who failed to honor the essential truth of Stockman's controversial New York Times op-ed.

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For most of President Obama's term, Republicans have ignored the millions of jobs the Congressional Budget Office says the 2009 stimulus legislation created and instead argued that the government is incapable of boosting employment. Now the same GOP is barnstorming the country telling us the government can, in fact, create jobs -- lots of them.

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OK, so it's only 135. Nonetheless it gives us pause when the former labor secretary and economic soothsayer tweets that China's "bubble will pop." If that happens, you can stop worrying about Greece and the other comparatively tiny economies of Europe.

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