Krugman: "I Was Kind Of Hoping Obama Might Be FDR, But Maybe Not" (with video)

HuffPo with video (03:02):

On "Real Time with Bill Maher" Friday night, New York Times columnist Paul Krugman said that while the American dream is not totally dead, it is "dying pretty fast," particularly when it comes to social mobility. Krugman made this statement during a lengthy discussion with former New York Governor Eliot Spitzer and host Bill Maher about the troubled state of the American economy and where we are in terms of reforming the system.

Both Krugman and Spitzer expressed optimism that America could right itself in the coming years if the correct steps were taken, but they were also highly critical of the degree of inequality that has become a part of American life and the lack of reform that has so far taken place.

"On bad mornings I wake up and think that we are turning into a Latin American country," Krugman said. "But on good mornings I think, well this is America, we have always in the past managed to turn ourselves around, and there is an FDR just around the corner if we could only find him. I was kind of hoping Obama might be FDR, but maybe not.