American Enterprise Institute for Public Policy Research, Jew Koch and Jew'd Romney

[CrackSmokeRepublican]

Looks like another former '60s Radical Jew corrupter with the "Blame it all on (Shabbos Goyim) Bush/Cheney".  Looks like he is gearing up to "Blame it all on (Shabbos Goyim) Romney" and Romney's Economic "Goy-Team" hanger-ons from the Jew'd Bush Administration.  The article doesn't cover the AEI connection with Jew friendly Hubbard (worked and published for Jews at various Schools of Finance named after Talmudic Jews).  It does reveal however what "Talmudic" Romney's economic plan will be for the US and the world if implemented by these Economic Shabbos Goyim.  :x  The full corruption by Jewry never surprises me anymore - it can only be expected. --CSR

The American Enterprise Institute for Public Policy Research (AEI) is an American conservative think tank founded in 1943. Its stated mission is "to defend the principles and improve the institutions of American freedom and democratic capitalism—limited government, private enterprise, individual liberty and responsibility, vigilant and effective defense and foreign policies, political accountability, and open debate".[2] AEI is an independent nonprofit organization supported primarily by grants and contributions from foundations, corporations, and individuals. It is headquartered in Washington, D.C.

Some  AEI scholars are considered to be some of the leading architects of the second Bush administration's public policy.[3] More than twenty AEI scholars and fellows served either in a Bush administration policy post or on one of the government's many panels and commissions. Among the prominent former government officials now affiliated with AEI are former U.S. ambassador to the U.N. John Bolton, now an AEI senior fellow; former chairman of the National Endowment for the Humanities Lynne Cheney, a longtime AEI senior fellow; former House Speaker Newt Gingrich, now an AEI senior fellow; former Dutch member of parliament Ayaan Hirsi Ali, an AEI visiting fellow; and former deputy secretary of defense Paul Wolfowitz, now an AEI visiting scholar. Other prominent individuals affiliated with AEI include Kevin Hassett, Frederick W. Kagan, Leon Kass, Charles Murray, Michael Novak, Norman J. Ornstein, Richard Perle, Radek Sikorski, Christina Hoff Sommers, and Peter J. Wallison.[4]  

American Enterprise Institute, A Koch funded neoconservative promotional organization. R. Glenn Hubbard

http://en.wikipedia.org/wiki/American_E ... _Institute

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Just another J-Shabbos Scam artist:

Robert Glenn Hubbard (born September 4, 1958) is an American economist and academic professor. He is currently the Dean of the Columbia University Graduate School of Business, where he is also Russell L. Carson Professor of Finance and Economics.[1] Hubbard previously served as Deputy Assistant Secretary at the U.S. Department of the Treasury from 1991 to 1993, and Chairman of the Council of Economic Advisors from 2001 to 2003.

Hubbard is a Visiting Scholar at the conservative American Enterprise Institute, where he studies tax policy and health care.[2]

http://en.wikipedia.org/wiki/Glenn_Hubb ... onomist%29

Meet Romney's Economic Hit Man
   
Posted on Oct 18, 2012
AP/J. Scott Applewhite

R. Glenn Hubbard, circled, chaired George W. Bush's Council of Economic Advisers from 2001 to 2003.

By Robert Scheer  

Mark the name of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president. Unless, that is, you happen to be one of the swindlers who has profited mightily from the nation's economic pain.

Hubbard is the ideological hit man instrumental in justifying the mortgage derivatives bubble that caused the Great Recession during the George W. Bush years. He now serves as Romney's key economic adviser and is the front-runner to be the next Treasury secretary should the Republican win.

"Romney's Go-To Economist" read the headline on a New York Times profile of the dean of Columbia University's Business School, which notes that "During a stint as chairman of the Council of Economic Advisers for President George W. Bush, from 2001 to 2003, Mr. Hubbard was known as the principal architect of the Bush tax cuts." In that capacity, and after returning to Columbia, Hubbard was also the chief cheerleader for a runaway derivatives market that spiraled out of control and left the Great Recession in its wake.

While pocketing millions in fees from the financial industry that he was ostensibly studying as a neutral academic, Hubbard was an enthusiastic backer of the virtues of a burgeoning unregulated capital market that sold toxic derivatives to the world. In a landmark paper that he co-wrote in November 2004 with William C. Dudley, at the time the chief U.S. economist at Goldman Sachs, it was asserted, "The capital markets have helped facilitate a major transformation of the U.S. mortgage financing system over the past 25 years. ... The result has been a dramatic decline in the cyclical volatility of housing activity."

Their study was published by the Global Markets Institute of Goldman Sachs at the very time that Goldman, a leader in the capital market, was packaging and selling some of the toxic mortgage-based derivatives that would come close to destroying the world's economy.  

Hubbard's article celebrated this "revolution in housing finance (that) has led to a large increase in mortgage equity withdrawal." It extolled the madcap equity lending as "one reason why consumer spending held up well during the 2001-2003 period, even as employment and investment spending faltered."

That's the housing bubble that was destined to pop and left the Bush and Obama administrations running up huge deficits to contain the damage. Hubbard's co-author knows this well, for Dudley left Goldman in 2007 to work for Timothy Geithner, then the head of the New York Fed that led the charge to rescue Goldman and other banks in the aftermath of the crisis they caused. As evidence of the bipartisan spirit informing the banking bailout, when Geithner was appointed Obama's Treasury secretary, Dudley replaced him as president of the New York Fed.

But this is a crisis first enabled by the Bush administration's policy of mindlessly celebrating the mortgage industry's wild irresponsibility. As Hubbard and Dudley bragged: "The revolution in mortgage finance has increased the ability of households to purchase their own homes. The closing costs associated with obtaining a residential mortgage have fallen, and the terms (for example, the loan-to-value ratio) have become less stringent. At times homeowners can obtain 100 percent financing to purchase a home."

This is the mortgage bankers' equivalent of "The Anarchist Cookbook"—a recipe for disaster. The 100 percent loan meant that the homeowner was not at risk, nor was the investment firm that initiated the mortgage because it packaged it, along with other irresponsible loans, into securities sold to unwitting buyers.

In the paper published by Goldman, the authors take issue with Warren Buffett who as early as 2002 had warned that these "derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." Buffett argued that " ... huge–scale frauds and near frauds have been facilitated by derivatives trades."

Not so, said Hubbard and Dudley, siding with then-Fed Chairman Alan Greenspan. "This use of derivatives leads to improved economic performance," they wrote, insisting, "The capital markets have also acted to reduce the volatility of the economy. Recessions are less frequent and milder when they occur."

Hubbard, who testified as an expert witness on behalf of two Bear Stearns hedge fund managers in an investment fraud case, is a frequent recipient of financial industry largess in the form of consulting and research fees. Last year, he was paid $785,000 for serving on three corporate boards and has been handsomely rewarded as a consultant to Freddie Mac, Bank of America, JPMorgan Chase and Goldman Sachs. He was paid $420,000 for supporting Fidelity in just one court case.

In the second presidential debate, Romney sought to distance himself from the Bush administration, ever so slightly. But it is Hubbard, a prime architect of the Bush strategy of unfettering Wall Street greed, to whom the Republican nominee turned to co-write "The Romney Program for Economic Recovery, Growth and Jobs."

That plan not only extends the Bush tax cuts for the super rich, but it would repeal the mild Dodd-Frank legislation holding Wall Street a bit more accountable. If Romney wins, it will be Bush reincarnated, and Hubbard's ideology, a proven failure, will prevail.

http://www.truthdig.com/report/item/mee ... _20121018/

Beginnings through Vietnam

Robert Scheer was born and raised in the Bronx, New York City.[5] His mother Ida Kuran[6] was a Russian Jew, and his father Frederick Scheer[7] was a Protestant native of Germany; both worked in the garment industry.[8] Robert graduated from Christopher Columbus high school in the Bronx. After graduating from City College of New York with a degree in economics, he studied as a fellow at the Maxwell School of Syracuse University, and then did further economics graduate work at the Center for Chinese Studies at UC Berkeley. Scheer has also been a Poynter fellow at Yale University, and was a fellow in arms control at Stanford, the same post once held by Secretary of State Condoleezza Rice.

In 1962[9] in Berkeley, California, Scheer along with David Horowitz, Maurice Zeitlin, Phil Roos, and Sol Stern founded Root and Branch: A Radical Quarterly, one of the first campus New Left journals.[10][11]

[CrackSmokeRepublican]

The (Talmudic) Faculty at Columbia School of Business

 

Michael Adler
Andrew Ang
Enrique Arzac ?
Ann Bartel ?
David Beim
Geert Bekaert
Saki Bigio
Patrick Bolton
Emily Breza ?
Charles Calomiris
Bogachan Celen ?
Pierre Collin-Dufresne
Moshe Cohen
Kent Daniel ? <Usurious Jew>
Wouter Dessein
John Donaldson
Franklin Edwards ? <Usurious Jew>
Raymond Fisman  <Usurious Jew>
Lawrence Glosten
Bruce Greenwald  <Usurious Jew>
Marina Halac ? <Usurious Jew>
Geoffrey Heal
Andrew Hertzberg <Usurious Jew>
Jonas Hjort
Gailen Hite
Donna Hitscherich <Usurious Jew>
Laurie Simon Hodrick ? <Usurious Jew>
Robert Hodrick ? <Usurious Jew>
R. Glenn Hubbard  
Gur Huberman ? <Usurious Jew>
Wei Jiang
Michael Johannes ? <Usurious Jew>
Charles Jones
Amit Khandelwal
Ilyana Kuziemko
Mauricio Larrain
Frank Lichtenberg ? <Usurious Jew>
Lars Lochstoer
Christopher Mayer <Usurious Jew>
Frederic Mishkin <Usurious Jew>
Andreas Mueller ? <Usurious Jew>
Emi Nakamura
Eli Noam <Usurious Jew>
Martin Oehmke
Tomasz Piskorski ? <Usurious Jew>
Andrea Prat ? <Usurious Jew>
Enrichetta Ravina
Jonah Rockoff<Usurious Jew>
Lynne Sagalyn
Tano Santos
Nachum Sicherman<Usurious Jew>
Paolo Siconolfi
Morten Sorensen<Usurious Jew>
Joseph Stiglitz<Usurious Jew>
M. Suresh Sundaresan
Paul Tetlock ?  <Usurious Jew>
Maxim Ulrich ?  <Usurious Jew>
Neng Wang
Shang-Jin Wei
Daniel Wolfenzon <Usurious Jew>
Pierre Yared
Jialin Yu
Stephen Zeldes <Usurious Jew>

Emeritus
Larry Selden <Usurious Jew>
Maurice Wilkinson ?  <Usurious Jew>

Lecturer
Donna Hitscherich <Usurious Jew>
Roger Mesznik <Usurious Jew>

Contract
Martin Cherkes <Usurious Jew>

Adjunct

J. Daniel Adkinson <Usurious Jew>
Gavin Albert
Michelle Borre
David Blechman <Usurious Jew>
Michael Blitzer <Usurious Jew>
Mark Cooper
Michael Corasaniti ?  <Usurious Jew>
Anne Costin ?  <Usurious Jew>
Camille Douglas
Stuart Ellman<Usurious Jew>
Robert Fallon
Gregory Francfort
James Freeman?  <Usurious Jew>
Seth Freeman ?  <Usurious Jew>
Brian Gaines
Salvatore Galatioto
Scott Gallin
R. Philip Giles
Joel Greenblatt <Usurious Jew>
David Greenspan <Usurious Jew>
Jeffrey Harris <Usurious Jew>
Timothy Howe
Raul Katz <Usurious Jew>
Michael Keehner <Usurious Jew>
Jonathan Knee
Christopher Kojima
Daniel Krueger
Philip Lin
Douglas Lindgren
Michael Mauboussin
John Moon
Michael Perelstein <Usurious Jew>
William Porteous
T. Charlie Quinn
Jonathon Read
Fabio Savoldelli
Ronald Schramm  <Usurious Jew>
O. Griffith Sexton
Carlos Singer  <Usurious Jew>
Paul Sonkin  <Usurious Jew>
Joel Stern  <Usurious Jew>
Norman Toy ?  <Usurious Jew>
Thomas Tryforos
Bruce Usher
William Von Mueffling
Robert Willens ? <Usurious Jew>
Arthur Williams III
Edward Zimmerman  <Usurious Jew>
Mark Zurack  

http://www4.gsb.columbia.edu/finance/faculty

[CrackSmokeRepublican]

Submitted by Charles Ferguson, Oscar-winning creator of Inside Job

Standing Behind Every Great Con Artist is Someone Like Glenn Hubbard  


Mitt Romney has a credibility problem. He changes his beliefs like laundry (abortion, medical insurance, whether Bin Laden was worth killing, attacking Iran), refuses to disclose his tax returns, and won't explain how he could possibly pay for the tax cuts he proposes. But there is another scandal in Romney's campaign -- namely Glenn Hubbard, Romney's chief economic advisor, who was chairman of the Council of Economic Advisors under George W. Bush, and is now Dean of Columbia Business School.

I interviewed Hubbard for my documentary film Inside Job, and analyzed his record again for my book Predator Nation. The film interview became famous because Hubbard blew his cool after I interrogated him about his conflicts of interest: "This isn't a deposition, sir. I was polite enough to give you time, foolishly I now see, but you have three more minutes. Give it your best shot." But the really important thing about Hubbard isn't his personality; it's that as an economist and an advisor, he is a total, unmitigated disaster.

First, Hubbard has an abysmal track record in economic policy, including the very issues that Romney has made the pillar of his presidential campaign. Second, like Romney, Hubbard refuses to disclose critical information about his income, conflicts of interest, and paid advocacy activities. Third, both in public statements and in my personal experience, Hubbard has been evasive, misleading, and even dishonest when discussing both policy issues and his own conflicts of interest. And last but not least, those conflicts of interest are huge: Hubbard has long advocated policies that Wall Street loves, often without disclosing that he is, in fact, highly paid by Wall Street.

Let's start with tax cuts, since Romney claims that he can cut tax rates sharply without increasing the deficit, and without benefiting the rich. Mr. Romney claims that tax cuts will be fully paid for by closing loopholes and deductions, and will not add to the deficit; Hubbard has publicly supported Romney's claims. Interestingly, Mr. Hubbard has quite a record on this very issue. Shortly after becoming chairman of the Council of Economic Advisors in 2001, he spearheaded the Bush administration's tax cuts, and he said lots about them.

How did that work out? First, we now know that over half of the benefits of the Bush-Hubbard tax cuts went to the top 1 percent of the population. In part to benefit the wealthy, the tax cuts were also structured to reward investment in financial assets, rather than either consumer spending or real capital investment. As a result, the tax cuts caused huge budget deficits, yet did little to stimulate growth or job creation: there were basically no new jobs created during the Bush administration, despite adding trillions to the national debt.

That is not, however, what Hubbard said would happen. On August 22, 2001, he published anarticle in the Wall Street Journal entitled "Tax Cuts Won't Hurt the Surplus." Oops. In the article, also, Hubbard predicts that his tax cuts would preserve the Clinton budget surpluses by causing GNP to grow 0.3 percent per year faster.

Hubbard also co-authored an article with William Dudley, then the chief economist of Goldman Sachs, entitled "How Capital Markets Enhance Economic Performance and Job Creation." It was published by the Goldman Sachs Global Markets Institute in 2004, just as the housing bubble was getting seriously crazy. In my filmed interview, here's how Hubbard described the article:

INTERVIEWER: In 2004 you co-wrote a paper with William Dudley, who was then the chief economist of Goldman Sachs. What do you think about the arguments you made in that paper?

GLENN HUBBARD: As I recall that paper, the arguments were basically to the effect that healthy capital markets are important for the economy, views that I held before and certainly hold after.

Well, here's what that paper really said. Hubbard wrote that "The ascendancy of the U.S. capital markets" had yielded "enhanced stability of the U.S. banking system... more jobs and higher wages... less frequent and milder [recessions}... a revolution in housing finance." Later in the article: "The capital markets have helped make the housing market less volatile... " Next, "Credit crunches... are a thing of the past... " and my personal favorite, "The revolution in housing finance has also... been important in making the economy less cyclical." In other parts of the article, Hubbard and Dudley specifically praise credit default swaps for their role in reducing and spreading risk. Like wow, man.

Hubbard refused to tell me whether he was paid to write that article; no payment is disclosed in the document itself, nor on Hubbard's CV. Which brings us to Mr. Hubbard's many, many disclosure problems and conflicts of interest. After the release of my film Inside Job, Columbia University was forced to establish disclosure requirements for the first time for its professors. At the time, Hubbard stated that he welcomed them. Well, it wasn't quite that way in our interview. Here are some selections, verbatim and unedited:

INTERVIEWER: Let me go back to your own personal business involvements. I'm looking at your résumé now, and I guess it looks to me as if the majority of your outside activities are consulting and directorship arrangements with the financial services industry. Would you not agree with that characterization?

GLENN HUBBARD: Not to my knowledge. I don't think my consulting clients are even on my C.V.

INTERVIEWER: Who are your consulting clients?

GLENN HUBBARD: I don't believe I have to discuss that with you. You have a few more minutes and the interview's over.

Slightly later:

INTERVIEWER: Okay. Who are you a director of?

GLENN HUBBARD: I don't believe I have to answer that question.

Well, actually, now that Columbia had adopted disclosure regulations, we now know at least something about Hubbard's income sources, and the overwhelming majority of them are in the financial sector. The HTML version his CV (which you can read here) does not fully disclose his activities, but if you click on the PDF version, you see more. And what you see is that at least two thirds of his literally dozens of consulting, advisory, and directorship arrangements over the last decade are with the financial sector -- MetLife, KKR, Goldman Sachs, Freddie Mac, JPMorgan Chase, Citigroup, the list goes on and on.

Even Columbia's new policy does not require Hubbard to disclose how much they pay him; all we know currently comes from required SEC disclosures of his director's fees from the boards of three financial sector companies, which pay him over $700,000 per year. His total financial sector income, including consulting and speaking, is undoubtedly much higher. Yet here's how he described his income in our interview, once again verbatim and unedited:

INTERVIEWER: Forgive me, but I'm going to be direct: How does your personal income compare, your private income as opposed to your university salary?

GLENN HUBBARD: Vastly times more, because I write textbooks, so that's much more remunerative than being a professor.

INTERVIEWER: How about your consulting income from the financial services industry, and your directorships?

GLENN HUBBARD: I don't do much consulting in the financial services industry. I do have some directorships, but the income from those would be modest compared to my other income.

Textbooks. You read that correctly. As for not doing "much" consulting for the financial sector, I counted consulting or directorships with 29 financial sector firms on your CV. And your $700K per year directorship income is "modest" compared to the other stuff? Really, now, Glenn.

But we're not done yet. There is a more that Hubbard still hasn't disclosed, and refused to disclose to us when we were making Inside Job. On his CV, Hubbard lists The Analysis Group as a consulting client. That is misleading at best. The Analysis Group is one of a half dozen major firms that specializes in matching private companies and lobbying groups, who are the real clients, with professors who they pay to support their positions in regulatory, policy, Congressional, and legal disputes. It was The Analysis Group, for example, that arranged for Hubbard to testify on behalf of two Bear Stearns hedge fund managers who were prosecuted for securities fraud in 2009. Hubbard was paid $100,000 for his testimony.

Hubbard has been affiliated with the Analysis Group for many years, but when we asked him, he refused to disclose who he had worked for or what he had done. He also refused to provide us with a copy of the Federal financial disclosure form he was required to submit in 2001; we couldn't obtain it from the White House, because they had already destroyed (yes, that is interesting, isn't it?). Nor has Hubbard provided his total consulting income, his tax returns, or a comprehensive list of his income sources and clients for the period since he left the White House in 2003.

So the next time you hear Mitt Romney refuse to release his tax returns, and then tell you that he can cut taxes and balance the budget while creating lots of jobs, well... I would ask you to remember that standing behind every great con artist is someone like... Glenn Hubbard.

http://www.zerohedge.com/news/2012-11-0 ... nn-hubbard

[FrankDialogue]

Great thread; you've covered a lot of ground.



R. Glenn Hubbard, Eagle Scout