Saturday, October 13, 2012
Romney's Economic Advisor
Here's an interesting article about Romney's economic advisor, Glenn Hubbard. I think it's concerning that in 2004 Hubbard (along with the chief economist at Goldman Sachs -- remember Goldman, who played such a BIG role in creating the current financial crisis?) heavily endorsed the credit derivatives market and believed it had already been "stress tested" sufficiently and couldn't do significant or lasting damage to the US economy. Now Hubbard's position is that an across-the-board 20% tax cut won't add to the deficit (but he's vague on how it won't). Not that an economist can't make a mistake, but do you really want one who's made such a big error in judgement co-authoring your economic policy?? I don't.