As you might have noticed, Krugman is exceedingly anxious this days, and his column reflects it. After all, the Dems are about to get hit with a right-wing tsunami if the Republicans take control of the House, and yet, Obama's still trying to hit the ball down the Moderate Middle. It's like watching a train wreck in slow motion.

I just can't imagine Hillary Clinton sitting back and letting the Republicans get away with this crap all over again. Can you?

So what will happen if, as expected, Republicans win control of the House? We already know part of the answer: Politico reports that they’re gearing up for a repeat performance of the 1990s, with a “wave of committee investigations” — several of them over supposed scandals that we already know are completely phony. We can expect the G.O.P. to play chicken over the federal budget, too; I’d put even odds on a 1995-type government shutdown sometime over the next couple of years.

It will be an ugly scene, and it will be dangerous, too. The 1990s were a time of peace and prosperity; this is a time of neither. In particular, we’re still suffering the after-effects of the worst economic crisis since the 1930s, and we can’t afford to have a federal government paralyzed by an opposition with no interest in helping the president govern. But that’s what we’re likely to get.

If I were President Obama, I’d be doing all I could to head off this prospect, offering some major new initiatives on the economic front in particular, if only to shake up the political dynamic. But my guess is that the president will continue to play it safe, all the way into catastrophe.