(Bloomberg Businessweek) — Republican economist Glenn Hubbard likes some issues President Trump has carried out (tax cuts, deregulation) and dislikes others (commerce wars), however he has little to say about Trump’s plans for the financial system if he wins a second time period. The reason being easy, he says: “He has no financial plan. I don’t imply that I don’t prefer it. It doesn’t exist.”
Hubbard was chairman of President George W. Bush’s Council of Financial Advisers from 2001 to 2003 and suggested the presidential campaigns of Mitt Romney in 2008 and 2012, and of Jeb Bush in 2016. He’s a professor at Columbia College and was dean of Columbia Enterprise Faculty from 2004 to 2019.
Hubbard says he might “think about alternatives” for a second Trump time period, equivalent to the way to repair issues with the health-care system which were “laid naked” by the Covid-19 pandemic. “Possibly speak about fiscal reform, or commerce in a means that engaged our allies,” however he hasn’t carried out any of that, Hubbard says.
“Anyone who says they know what Trump would do in a second time period, I don’t know the place they’re getting that from,” he says.
Former Vice President Joe Biden, the Democratic candidate for president, doesn’t have a lot of a plan both, in response to Hubbard. “His, too, is just a little odd,” he says. “I’d have thought, if I used to be working for president, I’d have centered on restoration after which a wide range of renewal, restoration points. There’s not likely a lot there aside from nods to the Democratic plan, which is sort of a Christmas tree.”
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