Economist's View: McCain Picks His Economic Adviser

リンク: Economist's View: McCain Picks His Economic Adviser.

As was widely reported today in the Washington Post and elsewhere, Glenn Hubbard and Greg Mankiw have agreed to serve as economic advisers for Mitt Romney who is believed to be planning to run for president in 2008.

The Economist blog, Free exchange, reports that John McCain has also selected an adviser:

We have also heard that Doug Holtz-Eakin, another former Bush administration official who went on to head the Congressional Budget Office, will be John McCain's top economic advisor. Mr Holtz-Eakin is giving up his current job ... to work full-time for the McCain team.

Posted by Mark Thoma on November 29, 2006 at 06:54 PM in Economics, Politics | Permalink

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/t/trackback/6985896

Listed below are links to weblogs that reference McCain Picks His Economic Adviser:

Comments

If you could select anybody you want for an advisor, who would you pick?

Posted by: ljm | Nov 29, 2006 8:45:53 PM

If there was any justice Mankiw and Hubbard would have lost all credibility in their ability to choose a poltical boss.

Posted by: | Nov 29, 2006 9:37:34 PM

Huh? A Republican who is for fiscal responsibility? OK, McCain did vote against the 2001 tax "cut". OK, Mr. Straight Talk - whose taxes will you raise?!

Posted by: pgl | Nov 30, 2006 5:35:55 AM

All,

Safe bet. Based on his choices of Mankiw and Hubbard, Mitt Romney will not be the next president of the United States. Both are clueless "free trade", debts don't matter, deficits don't matter, supply-siders. This is part of the thinking (aside from Iraq, corruption, etc.) that devastated the Republicans in the elections.

Mankiw has actually defended the fixed RMB/dollar exchange rate. He thinks any competitive issues created by the fixed rate should be solved by deflation in the US.

Hubbard supported all of the Bush tax cuts. Enough said.

Unless Romney/the Republicans change course, the Democrats will be able to elect a dog as president in 2008.

Posted by: Peter Schaeffer | Nov 30, 2006 6:10:53 AM

Mankiw is from the "let them eat school" school of economics.

I think that school may be going out of favor (?).

Historically, a Republican cannot win the presidency without winning Ohio. Ohio just elected Sherrod Brown. Think about it.

Posted by: save_the_rustbelt | Nov 30, 2006 6:41:05 AM

What is the evidence that Bush acted on any of the suggestions made by his economic advisors?

Is there any evidence that Bush economists did/do anything more than supply the captions for the pretty pictures in the budget?

Bush was so eager for good economic advice that he moved his economists out of the White House.

Posted by: bakho | Nov 30, 2006 7:41:02 AM

Greg Mankiw, Glenn Hubbard & Andrew Samwick are about the best minds in GOP Macro circles you'll be able to find (Ben Bernanke has another job now), so congrats to Mitt.

I think one of the reasons why Democratic Treasury's & CEA's are historically stronger than Republican ones is that they have a much stronger pool of talented economist to draw from.

Posted by: DRR | Nov 30, 2006 7:50:01 AM