David Plouffe thinks Romney’s economic adviser crossed a line while criticizing Obama’s policy on Europe
Linkedin

David Plouffe thinks Romney’s economic adviser crossed a line while criticizing Obama’s policy on Europe

Washington : DC : USA | Jun 17, 2012 at 8:35 AM PDT
XX XX
Views: Pending
 

White House Senior adviser, David Plouffe attacked Romney’s economic adviser, Glenn Hubbard after he criticized U.S policy on Europe in an article published in a German business magazine. He called Hubbard’s statement “unprecedented” and “unbelievable”.

During an interview today on ABC’s “This Week”, David Plouffe told host George Stephanopoulos that the presumptive GOP nominee, Mitt Romney’s “chief economic adviser, Glenn Hubbard, wrote an op-ed, an article in Germany, that basically went against what our government is trying to do, to encourage the Europeans to take action," Plouffe said."It was a remarkable thing to see and really unprecedented."

According to a translation of his article obtained by New York Times, Hubbard undermined Obama administration’s position on the economic crisis in Europe. “Unfortunately, the advice of the U.S. government regarding solutions to the crisis is misleading. For Europe and especially for Germany,” Hubbard wrote.

Hubbard who insisted on cutting government spending to restore public confidence, encourage growth and prevent future tax increases, openly opposed Obama’s efforts to, what he described as, persuading Germany to support financially weak Governments and banks that come under the euro zone to prevent the Greek crisis from spreading. He added that “These recommendations are not only unwise; they also reveal ignorance of the causes of the crisis and of a growth trend in the future.”

Hubbard said that Obama’s advice to the Germans and the Europe’s has the same flaws as his own economic policy, and therefore they should not be learning their lessons from America.

When asked by Stephanopoulos whether he thought Hubbard crossed a line in saying so, Plouffe replied, “I think he did”.

"We're facing headwinds from Europe. Europe doing the right things here to stabilize their situation is important to our small businesses, our workers, the middle class here, and overall economy," Plouffe said. "And to inject yourself in this for some short-sighted partisan gain, perhaps, is really unbelievable."

Plouffe said that solving the European’s crisis is Europe’s own responsibility and doing so lies within their own power. “I think there can be some lessons learned from how we dealt with our crisis. And, again, tough steps, none of them easy.”

During the interview, Stephanopoulos discussed the President’s immigration announcement on Friday and also talked about whether the Supreme Court will uphold President’s healthcare reforms or not.

1 of 1
David Plouffe, Senior Advisor to the President
  David Plouffe thinks Romney's economic adviser crossed a line while criticizing Obama's policy on Europe  
wendyzachary is based in Texas, Texas, United States of America, and is a Reporter for Allvoices.
Report Credibility
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
Advertisement
 
Posted By itobin53 itobin53 | 11 months ago
I think a lot of people don't realize how much what happens in Europe can hurt the US. Thanks to our deregulated financial system, US banks do not have to disclose how much American money they have invested in overseas banks and governments. If it's a lot, as I suspect it is, a financial collapse in Europe could take down the US economy - again. Only this time, there can be no taxpayer bailout.

What some Americans fail to realize is that if taxpayers are going to foot the bill when bankers gamble and lose, they have every right to regulate what they do with other peoples' money. It's the exact same concept as buying elections with campaign donations - if you take our money we want something in return for it. In this case, it should be banking regulation and full disclosure.
Posted By DavaCastillo Dava Castillo | 11 months ago
thank you for the report Wendy.

In bygone days, this would be treason! But then the Republican Party apparently is not concerned with under minding American policy in order to win an election.

This is not the first time they have tried to do this. They did it against Jimmy Carter in dealings with Iran and the release of the hostages.

One theory: A pro-Reagan operative at the National Security Council stole President Carter’s debate briefing book on foreign policy and delivered it to the Reagan campaign. A subsequent investigation found James Baker’s fingerprints on the book, but a committee suggested William Casey was probably involved in the theft. There was suspicion that Lt. Colonel Oliver North and Major General Richard Secord sabotaged Operation Eagle Claw, the failed rescue mission launched by Carter on April 25, 1980.

We cannot over estimate the kinds of dangerous dealings the Republicans are capable of.
Reply By herbinchi Herbert Dyer, Jr. | 11 months ago
Dava,

You got that right! These are some treacherous folks, who'll stop at nothing to get and keep power. I remember when the Watergate hearings were going on. Nixon's Attorney General, John Mitchell, said publicly something like, "I'd run over my own grandmother to get Richard Nixon elected!"

And, what's happening right now is that they will run over the entire U.S. economy, bring the whole thing crashing down around everybody if it means beating Obama and installing their Wall Street candidate so that they can get back to draining, looting, and squirelling away in overseas accounts their ill-gotten "profits."
Reply By DavaCastillo Dava Castillo | 11 months ago
Thanks for adding Watergate Herbert.

It's overwhelming the depths politicians will sink to in order to win an election.
Advertisement
 

News Stories

 
  • Plouffe: Romney camp attacks on Obama over Europe crossed the line

    The Hill
    It was a remarkable thing to see and really unprecedented, Plouffe said of the criticism on ABC's This Week with George Stephanopoulos. Plouffe, in particular, took aim at an op-ed published in Germany by Romney's chief economic adviser Glenn Hubbard...
  • Obama slaps Romney team over German op-ed

    USA Today
    Writing in the German business journal Handelsblatt , Romney economic aide Glenn Hubbard said that Obama's advice to Europe "has the same flaws as his own economic policy -- that it pays for itself over the long term if we focus on short-term...
  • White House adviser sees GOP movement on tax revenues

    The Hill
    You are beginning to see some compromise potential coming out of the Republicans, Plouffe said on CNN. You see more Republicans in particular in the Senate in particular talking about, well, maybe they would be open to higher revenues through tax...
  • Obama hopeful that European leaders will take steps to rescue financial ...

    Washington Post
    Yet Obama aides offered no examples of specific steps that will be implemented, despite the heavy pressure applied by Obama and other international leaders. And at a news conference after the summit, Obama cautioned that the challenges in Europe will...
  • Obama dismisses Romney campaign criticism on European crisis

    Los Angeles Times
    Select a date range Create a custom date range Declaring that there is only "one president at a time," President Obama dismissed criticism from Mitt Romney 's campaign over his handling of the European economic crisis and suggested his rival's team...
  • Romney: Don't bail out Europe

    The Hill
    We are not going to bail out the European banks, Romney said in an interview broadcast on the CBS program Face the Nation. The European debt crisis is expected to be a major focus of discussion at the G20 summit in Mexico that begins Monday. Greek...

Images

 >
 

More From Allvoices

Related People

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

 
Tap_logo_330_110_event
 


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc 2008-2013. All rights reserved.