That Krugman Show

Paul Krugman writes

There won’t be any cooperation from Republican leaders, who have settled on a strategy of total opposition, unconstrained by facts or logic. Indeed, these leaders responded to the latest job numbers by proclaiming the failure of the Obama economic plan. That’s ludicrous, of course. The administration warned from the beginning that it would be several quarters before the plan had any major positive effects. But that didn’t stop the chairman of the Republican Study Committee from issuing a statement demanding: “Where are the jobs?”

That seems reasonable except for this graph from Mankiw:

 

The evidence seems to be against Krugman.  The Adminstration thought there would be a lot more jobs now (about a 1% difference in the unemployment rate).