Didn't he also support the Democrats in pressuring banks/mortgage lenders to make down-payment free loans to those who couldn't even afford the monthly payments?
We all know the defaults on those loans was the beginning of the 2008 recession with its domino effect. Another epic failure by the liberals which I now call socialists. Bleeding hearts bleed other peoples' wallets.
Their objective is and has been to destroy capitalism. Socialism is how they will rule. It's not so much that Krugman and his fellow travelers are wrong as this is how they hope to seize power; Make things so bad people beg for government to take over.