Favorable underlying economic growth trends make the need for a national 'stimulus' package -- ironic given the substantial government spending probably of about 1 pct of GDP about to occur -- questionable,
More Quotes from Glenn Hubbard:
I am writing to inform you that I shall resign my position as chairman of the Council of Economic Advisers, effective February 28, 2003, ... This decision is a difficult one.Glenn Hubbard
Inflation pressures are quite modest in the United States. I don't think inflation will be a problem this year, or next year, even with the rate cuts.
Glenn Hubbard
Whatever the benefits of these blips, they have made it harder to divine the economy's direction at times. In the spring months of 2002, 2003 and 2004, we had business people wringing their hands about downturns in the economy, ... It didn't happen.
Glenn Hubbard
It's hard to believe that any fundamental tax reform coming out of the administration wouldn't involve some serious reform of the AMT,
Glenn Hubbard
I think the chance of a double-dip recession is remote. We have a lot of stimulus in the pipeline from past Fed rate decisions, and it takes a year for policy to work through the economy.
Glenn Hubbard
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A hypocrite is the kind of politician who would cut down a redwood tree, then mount the stump and make a speech for conservation.
Adlai E. Stevenson
All that's necessary for the forces of evil to win in the world is for enough good men to do nothing.
Edmund Burke