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.
It used to be that candidates shied away from interfering with American foreign policy. Not any more, I guess.
Obama has been offering advices
To European nations ‘bout their crisis
Promote some growth, says he
Tone down austerity
But Mitt’s advisor, Hubbard is his name,
Says cutting back your budget, that’s the game.
Growth will come, says he
Through more austerity.
But that’s the policy that’s been in place
So where’s the growth? In Europe, not a trace.
That’s quite enough, say we
Of this austerity.