Wednesday
Aug222012
Romney Advisor Glenn Hubbard Wants Bernanke's Job As Fed Chairman So Bad He Can Already Taste The Ink
Reuters interview with Hubbard yesterday.
Glenn Hubbard practices for the role of Fed Chairman.
Pay attention to his body language starting at 2:15. He mildly endorses Bernanke while agressively shaking his head 'no' for at least 5 seconds. This punk is so easy to read. Hey Glenn, stay away from the poker tables, aight.
Hubbard gives his thoughts on a Fed audit in the last minute. Warning: it's nauseating. And he says that there will be no more QE in 2012.
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This is an absolute must see:
Glenn Hubbard Punked By Inside Job
Meet John Thain, Phil Gramm, Glenn Hubbard and the rest of Romney's economic team...
Aug 22, 2012 at 2:51 PM
Reader Comments (5)
Consider keeping Bernanke, top Romney adviser says
snip
(Reuters) - Ben Bernanke received an unlikely defense of his work at the U.S. Federal Reserve by a top Mitt Romney adviser, who said on Tuesday that he should be considered for a third term as chairman.
Glenn Hubbard, economic adviser to the Republican presidential candidate, said he would advise a possible President Romney that Bernanke should "get every consideration" to stay on beyond January 2014, when the chairman's current term expires.
The comments may come as a surprise given Romney has said he would not reappoint Bernanke beyond 2014. Further, many top Republicans have blasted the Fed's aggressive policies since the Great Recession as overreaching and reckless.
Romney Warms to Ron Paul's Fed Audit Idea
snip
Republican presidential candidate Mitt Romney has come out in support of one of Ron Paul's perennial policy ideas -- auditing the Federal Reserve. Romney reiterated, though, that the Fed should maintain its independence from Congress.
"The Federal Reserve should be accountable," Romney said at a New Hampshire campaign stop Monday. "We should see what they're doing."
In response to a question later, he said that he supports an audit of the Fed, but added, "I want to keep [the Fed] independent. There are very few groups that I would not want to give the keys to. One of them is Congress."
more
http://www.christianpost.com/news/romney-warms-to-ron-pauls-fed-audit-idea-80419/
Just reading between the lines. I read the Reuters story, then I watched the interview that it was based on. Hubbard is not nearly as positive about Bernanke as the article makes it seem. He has wanted to be Fed Chairman since he was undergrad. And now he's getting so close he can taste it.