President Obama's plan to give the economy a short-term jolt, paid for in part by tax hikes on the rich, won't turn things around, a top economic adviser to Republican presidential candidate Mitt Romney writes. In a column for Bloomberg News, Glenn Hubbard argues that the economy suffers from more fundamental problems, and lays out his own ideas to address them. A former chair of the White House Council of Economic Advisers under President Bush, Hubbard would likely be in line for a top economic policy post should Romney be elected president. So Hubbard's list of proposals represents perhaps the most detailed blueprint we've yet seen of the economic principles that might guide a Romney administration.

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