Huffpost Business
Bonnie Kavoussi Headshot

Paul Krugman: Obama Won't Be Able To Pass Major Legislation In His Second Term

Posted: Updated:

NEW YORK -- Paul Krugman doesn't have high hopes for President Barack Obama's second term.

The Nobel Prize-winning economist said at an event at the 92nd Street Y in Manhattan on Sunday that as long as Republicans control the House of Representatives, Obama won't be able to accomplish much.

"Barring a spectacular upset in the 2014 midterms, Obama won't be able to pass any major legislation," Krugman told MSNBC host Chris Hayes onstage at the event.

"I'm not sure what else he can do," Krugman said. "I don't have a lot of grand visions for these next four years."

Krugman was not completely pessimistic though. He said that Obama "has one and a half landmark pieces of legislation already under his belt" -- Obamacare and financial reform -- and because of those laws, "a lot of good stuff is going to unfold over the next four years right there."

Obama won a resounding victory in the 2012 election, snagging nearly two-thirds more electoral votes than Mitt Romney. Although more Americans voted for Democratic House candidates than Republican House candidates, Republicans still maintained a sizable majority in the House of Representatives. Some political analysts, including Nate Silver, don't see the House changing hands anytime soon.

Congressional Republicans have blocked a variety of bills from Obama, ranging from the American Jobs Act to a veterans' jobs bill. Senate Republicans also have repeatedly used the filibuster to block bills and confirmations, even though Democrats hold a majority in the Senate.

Democrats also have blocked some GOP-led bills. In December, Senate Democrats blocked a bill passed by the House of Representatives that would have given visas to high-skilled immigrants graduating from American universities without increasing the total number of visas issued by the U.S. government.

Earlier on HuffPost:

Close
Paul Krugman's Greatest Takedowns
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

The Eighteenth Brumaire of Barack Obama - Paul Krugman - The ...

#MintTheCoin NOBEL PRIZE WINNER PAUL KRUGMAN: Obama ...

Paul Krugman: Obama's term has been Big Deal for progressives ...

Should Obama nominate Paul Krugman as Treasury secretary ...

Obama should call the GOP's bluff on 'fiscal cliff' - Post-Bulletin

Paul Krugman: Obama Might 'Go Down In History As The Wimp Who ...

Obama and Redistribution

Economics and Politics by Paul Krugman - The Conscience of a ...

Paul Krugman - The New York Times

Paul Krugman - Wikipedia, the free encyclopedia

Paul Krugman | Nobel Prize Winner and Op-Ed Columnist for The ...

The Unofficial Paul Krugman Web Page

Paul Krugman (NYTimeskrugman) on Twitter