“Beyond The Water’s Edge”: Romney Adviser Takes U.S. Political Debate Overseas, Mitt Has “No Comment”
A senior economic adviser to Mitt Romney criticized President Obama and his policy toward crisis-torn Europe, and Germany in particular, in an op-ed article in a leading German newspaper on Saturday, raising the question of the propriety of taking America’s political fights into international affairs.
The article — written by R. Glenn Hubbard, the dean of the Columbia Business School and a former adviser in the Bush administration, and published in the business journal Handelsblatt — drew a rebuke from the Obama campaign.
“In a foreign news outlet, Governor Romney’s top economic adviser both discouraged essential steps that need to be taken to promote economic recovery and attempted to undermine America’s foreign policy abroad,” said Ben LaBolt, press secretary for the president’s re-election campaign.
Every presidential election seems to test the frequently quoted cold war-era axiom of former Senator Arthur Vandenberg, a Republican who cooperated with President Harry S. Truman, that “politics stops at the water’s edge” — though even then the rule was often observed in the breach. Separately, the Hubbard critique illustrates how the austerity-versus-stimulus debate concerning Europe is also a proxy for the ideological fight over fiscal policy that Democrats and Republicans are waging in this country.
“Unfortunately, the advice of the U.S. government regarding solutions to the crisis is misleading. For Europe and especially for Germany,” Mr. Hubbard wrote, according to a translation of his article from the Handelsblatt Web site.
He opposed what he described as the Obama administration’s efforts “to persuade Germany to stand up financially weak governments and banks in the euro zone so that the Greek crisis would not spread to other states.”
“These recommendations are not only unwise,” he added, “they also reveal ignorance of the causes of the crisis and of a growth trend in the future.”
Mr. Hubbard proposed a classic conservative pro-austerity, anti-Keynesian approach, arguing that cutting government spending will restore public confidence, encourage growth and avert future tax increases.
“Long-term confidence in solid government financing shores up growth and enables the same scope for short-term transitional assistance,” he said. “Mitt Romney, Obama’s Republican opponent, understands this very well and advises a gradual fiscal consolidation for the U.S.: structural reform to stimulate growth.”
Mr. Obama and his Treasury secretary, Timothy F. Geithner, are in the camp with economists who argue that the German-led push for austerity in Europe — at a time when businesses and consumers are too weak to spend — has produced a spiral of job losses, belt-tightening and, lately, a backlash against several governments.
But, Mr. Hubbard wrote, “President Obama’s advice to the Germans and Europe has therefore the same flaws as his own economic policy — that it pays for itself over the long term if we focus on short-term business promotion.”
When Mr. Obama ran for president in 2008, he received some criticism for a foreign trip that included a speech in Berlin before 200,000 Germans. At the time, Chancellor Angela Merkel objected to plans to use the city’s historic Brandenburg Gate as a backdrop for what a Merkel spokesman called “electioneering abroad,” leading Mr. Obama to speak at another site. But Mr. Obama did not explicitly criticize Bush administration policies, despite their prominence in the American debate that year. He mainly extolled the partnership between the United States and Germany — and Europe, more broadly — in promoting freedom and prosperity around the globe.
A Democrat with experience in foreign policy and presidential campaigns, who asked not to be identified as weighing into the debate, suggested that the Vandenberg rule had lost resonance in a polarized age. “The ‘water’s edge’ is changing, and not just because of climate change,” he said. “It’s too bad, but there it is.”
The Romney campaign declined to comment.
By: Jackie Calmes, The New York Times, June 9, 2012
June 10, 2012 - Posted by raemd95 | Election 2012 | Economic Policy, Europe, Foreign Policy, Mitt Romney, Patriotism, Politics, R. Glenn Hubbard, Republicans
No comments yet.
Share your comment Cancel reply
Pages
Share This Blog
mykeystrokes.com- “Resonance Resistant”: Republicans Racing Off The Cliff In Their Supercharged Outrage Machine May 21, 2013
- “Not A Boon For Most Americans”: Congress Has Tackled The Deficit At The Cost Of The Economy May 21, 2013
- “The Alienation Of Citizens”: Political Dysfunctions Spells Trouble For Democracies May 21, 2013
Top Posts
- "Silence From Mr. Issa": Will A GOP Aide Be Fired Over Benghazi Email Changes?
- "The Real IRS Scandal": Lawmakers Who Pushed The Agency To Rely On Bone-Headed Tactics By Refusing To Fund It To Do Its Job
- "The Republican Wrongdoing's": There Were Meaningful Benghazi Lies After All
- "The Media Has Cast Its Traditional Role Aside": Washington Circus Steals The Spotlight From Where It Belongs
- "Tea Party Is An Election Category": The IRS, Non-Profits, And The Challenge Of Electoral Exceptionalism
Tags
Affordable Care Act Bain Capital Bush Tax Cuts Citizens United Congress Conservatives Contraception Democrats Economic inequality Economy Foreign Policy Fox News George W. Bush GOP Gun Control Health Insurance Health Reform House Republicans Jobs John Boehner John McCain Low Income media Medicaid Medicare Middle Class Mitch McConnell Mitt Romney National Rifle Association Newt Gingrich Paul Ryan Politics Republicans Rick Santorum Right Wing Rush Limbaugh SCOTUS Senate Spending Cuts Tax cuts Taxes Tax Revenue Teaparty uninsured Wall Street
Archives
Blogroll
Twitter Timeline
- "@NewsBreaker: RIGHT NOW: Jodi Arias says she wishes to donate her hair, hoping for life in prison sentence."----------- 3 hours ago
- "Resonance Resistant": Republicans Racing Off The Cliff In Their Supercharged Outrage Machine wp.me/pIVTG-5lR----------- 5 hours ago
- "Not A Boon For Most Americans": Congress Has Tackled The Deficit At The Cost Of The Economy wp.me/pIVTG-5lU----------- 6 hours ago
- "The Alienation Of Citizens": Political Dysfunctions Spells Trouble For Democracies wp.me/pIVTG-5lW----------- 6 hours ago
- "Ethics For Thee, But Not For Me": Should Jonathan Karl Reveal His Benghazi Email Source? wp.me/pIVTG-5lM----------- 7 hours ago