Krugman: America Isn’t About Competition

Appearing on ABC's "This Week," New York Times columnist and economist Paul Krugman said the president's apparent shift to the center recently is "kinda sad" and went on to say that America is not about competition.

The comment came as host Christiane Amanpour brought up the recent appointment of GE CEO Jeffrey Immelt as the chair of the White House’s new Council on Jobs and Competitiveness. That, coupled with some apparent pro-business decisions recently, led to the topic of the president's "shift" and a discussion of competition (the foundation of business and capitalism). When Amanpour said competition was about as American as apple pie (paraphrase) Krugman couldn't have disagreed more.

The discussion takes up the first two minutes below:

Regarding the president becoming "pro-business," we noted last week that the president's regulation executive order wasn't as groundbreaking as some initially thought. So with that said, Krugman's statement that the president appearing pro-business could just be another way to dress up and "sell" more public investment might be the most accurate of his comments.

(H/T: Mediaite)