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Presidential Adviser
When President George W. Bush (MBA ’75) went on the road in early January to promote his stalled economic policies, he was accompanied by his top economic adviser, Allan Hubbard (MBA ’72). It’s Hubbard’s job on such trips to sit down with the local media and make the President’s case. In a January 6, 2006, Q&A with the Chicago Sun–Times, Hubbard, assistant to the President for economic policy and director of the National Economic Council, championed Bush’s message on taxes. The way to spur more economic growth is to keep taxes low, “leaving the money with the American people and letting them decide how to spend it,” explained Hubbard. To boost U.S. exports, the administration favors more trade agreements to lower tariffs on American-made products. Hubbard isn’t worried that a decline in the rapid appreciation of home values will have a negative impact on the economy. “This economy will continue to grow as the appreciation of houses declines,” he said.
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