We've met the enemy and he is us

Krugman is at it again.  He is accusing the Republicans of wanting to trash the economy for political gain.  He claims that the fears of inflation are bogus and that the Republicans have joined China and Germany in trying to bully the Fed into backing off on QE2.   He is calling the Republicans as part of the axis of depression.  By using this name, he is trying to link it to Bush's axis of evil.  Isn't he being just a touch partisan?

He says China and Germany have a vested interest in a stronger dollar.  Well, at least he admits that there is a weak dollar policy here.  Maybe just a wee bit risk of inflation, don't you think?  But why would the Republicans join the Chinese and the Germans?

In short, their real fear is not that Fed actions will be harmful, it is that they might succeed.

So!  Krugman believes the Republicans want the economy to fail so that they can reap all the political glory.  This may be worse than partisan.  It is paranoid.  Republicans can't be just wrong, they must be eeevilll.

The Fed is independent.  The Congress can't do anything about the Fed without Obama's signature.  But does that mean that the big fear of the left is that Obama is too weak to fight the Republicans?  Maybe he'll just cave in.  Then he will get blamed for the weak economy in 2012 and a dreadful Republican will win the White House.  Maybe even Sarah Palin.  Instead of Wall Streeters jumping off of high places, it might be lefties who cannot bear the possibility of their most hated and despised Republican ascending to the highest office in the land.  Desperate times require desperate actions.