Glenn Hubbard: The Romney Plan for Economic Recovery:
We are currently in the most anemic economic recovery in the memory of most Americans.... Our standard of living and the nation's standing as a world power depend on restoring... growth. But to do so we must have vastly different policies aimed at stopping runaway federal spending and debt, reforming our tax code and entitlement programs, and scaling back costly regulations. Those policies cannot be found in the president's proposals. They are, however, the core of Gov. Mitt Romney's plan...
Mitt Romney disagrees. He puts the core of his plan somewhat differently:
If it looks like I'm going to win, the markets will be happy. If it looks like the president's going to win, the markets should not be terribly happy. It depends of course which markets you're talking about, which types of commodities and so forth, but my own view is that if we win on November 6th, there will be a great deal of optimism about the future of this country. We'll see capital come back and we'll see -- without actually doing anything -- we'll actually get a boost in the economy…
If Glenn Hubbard wants Mitt Romney to actually enact policies, he needs to get to work on disabusing him of his current beliefs. Just saying...
