Mitt Romney’s chief economic advisor gets big bucks from Wall Street — but you already guessed that

Glenn Hubbard, is Romney’s chief economic adviser, and served as chairman of the Council of Economic Advisers under George W. Bush. He makes over $700,00 per year sitting on the boards of three financial sector companies, but also rakes in fees from his consulting and speaking engagements at other Wall Street firms.

In 2001, Hubbard spearheaded the Bush administration’s tax cuts, authoring a Wall Street Journal article titled, “Tax Cuts Won’t Hurt the Surplus.” In the article, he predicted that his tax cuts would preserve the Clinton budget surpluses by causing GNP to grow 0.3% per year faster.

You know how that worked out for us.

Charles Ferguson: Romney’s Other Credibility Problem: Glenn Hubbard.

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