BUSINESS
12/25/2010 05:12 am ET | Updated May 25, 2011

Paul Krugman: Obama's Economic Policy Failed To Deliver

If Democrats do as badly as expected in next week's elections, pundits will rush to interpret the results as a referendum on ideology. President Obama moved too far to the left, most will say, even though his actual program -- a health care plan very similar to past Republican proposals, a fiscal stimulus that consisted mainly of tax cuts, help for the unemployed and aid to hard-pressed states -- was more conservative than his election platform.

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