Glenn Hubbard, American Economist

WSJ LIVE- Experts Argue After Obama/Romney Debate

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HUFFINGTON POST – 'Naive' to Think Fed Stimulus Can Solve Jobs Problem, says Glenn Hubbard

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One of Mitt Romney’s top economic advisers says that the Federal Reserve’s aggressive move last week may be more like a drop in the bucket. The Fed announced an aggressive stimulus program Thursday aimed at combating high unemployment and slow growth.
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FOX NEWS with Chris Wallace – Hubbard and Goolsbee Debate

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Watch the video on FOXnews.com

 

NPR – Romney's Plan to Broaden Tax Base Finds Critics

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Republican presidential candidate Mitt Romney says he favors keeping all of the Bush-era tax cuts and then adding some more. To pay for these cuts, he would reduce or eliminate some of the tax deductions that many Americans have come to rely on. But his proposals are already facing a lot of resistance.
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CNN – Hubbard on Romney's Job Plan

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MARKETPLACE – Romney Adviser Responds to July Jobs Report

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I think it's fair to say that the jobs report is pretty much where we've been in the labor market, having the economy stuck in first gear. And we've had unemployment above 8 percent since February 2009 -- that's really the longest spell in the post-war period. So I think we've got a lot of work to do. – Glenn Hubbard

Listen to the interview:

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BLOOMBERG – Stiglitz-Hubbard Clash on Inequality Echoes Obama-Romney

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Columbia University professors Joseph Stiglitz and Glenn Hubbard agree that income inequality is a concern. They disagree over what’s behind it and how best to tackle it, in a dispute that has spilled beyond the halls of academia and onto the presidential campaign trail.

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BLOOMBERG BUSINESSWEEK – Tom Keene Talks to Romney Adviser Glenn Hubbard

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Tom Keene: Everyone I talk to says Governor Romney’s economics are a mystery.
Glenn Hubbard: I don’t think it is a mystery at all, Tom. It is really about restoring confidence in the country’s economy, getting our long term future policy right, and making it okay to invest in America again, to invest in plant and equipment. And that boils down to a set of changes in tax reforms, entitlement reforms, regulatory reforms, financial reforms. 
 
Tom Keene: If we are not in recession, but we are in a two percent U.S. economy, does Governor Romney have to be more creative up front if he’s elected? 
Glenn Hubbard:Governor Romney is watching developments in the near term in the economy very closely. But I think he believes that getting the long term right helps you in the short term. We have seen too much in Washington, of saying, well, let’s fix the short term and the long term will take care of itself.
 
Tom Keene: Can you be more specific about the Romney plan?
Glenn Hubbard: It means tax reform that could raise long-term growth over the next decade by about half a percentage point every year. It means entitlement reform that removes the chance of large tax increases. It means getting federal spending down to its traditional share of GDP. It means getting regulation that actually passes cost-benefit analysis, something this administration has not done. And free trade.
 
 

FOX BUSINESS – Romney Economic Adviser on the Housing Market

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Romney Economic Adviser Glenn Hubbard on what is needed to speed up the recovery of the housing market and how Romney would boost the economy if he were President.

 

Watch the interview on FoxBusiness.com

 

THE ECONOMIST – The Cupboard is Bare

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GLENN HUBBARD is by many accounts a sensible economist. But he is currently advising Mitt Romney, and political entanglements often nudge sensible people toward curious arguments. In a recent Financial Times piece outlining "a conservative growth agenda for the US economy", Mr Hubbard writes:
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CNN – "The bulk of the adjustment (should) be borne by upper income households"

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Glenn Hubbard is the senior economic advisor to Governor Romney. In that role, he is the chief architect of Governor Romney's economic plan that will convince you either that the governor is either going to fix America's economic problems or not. He also has a day job. He is the dean of the Columbia University Business School.

 

Transcript follows:

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MARKET WATCH – Q&A with Romney Economics Adviser Glenn Hubbard

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There are more than 12 million unemployed workers across the U.S., and Americans should be angry, according to Glenn Hubbard, a member of Mitt Romney’s economic policy team.

Uncertainty around long-term policies is frightening business leaders and hurting employment, Hubbard told MarketWatch. Meanwhile, neither Democrats nor Republicans are focused enough on training America’s workers, he said.

While payrolls have gained fairly steadily over the past two years, the U.S. economy today has about 5 million fewer jobs than when the Great Recession began. Proposals from Romney would provide much needed clarity, and support employment, Hubbard said.

Hubbard, dean of Columbia Business School and a former chairman of the Council of Economic Advisers under George W. Bush, spoke with MarketWatch about employment, and its intersection with tax policy, trade and regulations, among other areas.

The following is an edited transcript of the conversation:

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Glenn Hubbard, Dean of Columbia Business School, served in the Bush White House from February 2001 until March 2003 as the Chairman of the Council of Economic Advisers and the OECD’s Economic Policy Committee {Read more}

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