Glenn Hubbard - American Economist

Let’s put politics aside. Let’s assume we could fix what we wanted to. The problems we have are grasp and clarity. With the financial factors in the recession, the two tangible grasp points are on the consumer side: Consumers have too much leverage; and on the business side, it’s exactly the opposite: Non-financial corporate America has tons of cash.

President Obama's home refinancing plan seeks to let a million or more American homeowners save money on their mortgages, even if those loans are underwater. But the plan announced Monday is not a new idea: A pair of economists at Columbia University — Chris Mayer and Glenn Hubbard — have been proposing a similar measure for years.

Lately, the Obama administration has been talking up a proposal to get Fannie Mae and Freddie Mac to knock down the barriers keeping underwater homeowners from refinancing their mortgages. Columbia University’s Glenn Hubbard, who led the Council of Economic Advisers under President George W. Bush, is calling for a more ambitious version of the program.

President Obama's plan to give the economy a short-term jolt, paid for in part by tax hikes on the rich, won't turn things around, a top economic adviser to Republican presidential candidate Mitt Romney writes. In a column for Bloomberg News, Glenn Hubbard argues that the economy suffers from more fundamental problems, and lays out his own ideas to address them. A former chair of the White House Council of Economic Advisers under President Bush, Hubbard would likely be in line for a top economic policy post should Romney be elected president. So Hubbard's list of proposals represents perhaps the most detailed blueprint we've yet seen of the economic principles that might guide a Romney administration.