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