Krugman told the crowd that the president is simply a front man for larger and more sinister forces.

"We probably make a mistake when we place too much emphasis on Bush the individual," said Krugman, who received a standing ovation when he was introduced. "This really isn't about Bush. Bush is the guy that the movement found to take them over the top. But it didn't start with him, and it won't end with him. What's going on in this country is that a radical movement...that had been building for several decades, finally found their moment and their man in Bush."

Krugman said he and other liberals had been "asleep" and unaware of the true dimensions of the danger during the years in which President Bill Clinton found himself facing a variety of scandal allegations. But Krugman said there is a "complete continuity" between today's politics and the "campaign of slander and innuendo" against Clinton. "There's complete continuity going back, really, I think — but this is my next book — you really need to go back to Goldwater. A lot of this has to do with civil rights, and the people who don't like them."

Krugman described the conspiracy as "the coalition between the malefactors of great wealth and the religious right." He offered no further details about who, precisely, is in the conspiracy but said that "substantial chunks of the media are part of this same movement."