White House Senior adviser,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 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.