Cal Thomas - Obama's Cronkite Moment

Walter Cronkite

Lyndon Johnson

President Obama may have experienced his Walter Cronkite moment over the economy. Responding to Cronkite's reporting from Vietnam four decades ago that the only way to end the war was by negotiating with the North Vietnamese, President Lyndon Johnson was reported (though never confirmed) to have said, "If I've lost Cronkite, I've lost Middle America." Now President Obama appears to have "lost" New York Times liberal economic columnist Paul Krugman. Krugman, who enthusiastically supported the president's redistributionist and stimulus plans, has bowed to the reality that they are not working. In a recent column titled "This is Not a Recovery," Krugman took issue with the president and Vice President Joe Biden that we have experienced a summer of economic recovery. "Unfortunately, that's not true," he wrote. "This isn't a recovery, in any sense that matters. And policymakers should be doing everything they can to change that fact." Read more here:

Cal Thomas - Obama's Cronkite Moment