Danny Vinik: Glenn Hubbard’s Critique of Obama’s Stimulus Makes No Sense: “Former Romney Adviser Blames Obama for Problems Republicans Created:

Hubbard criticizes the Obama administration for focusing too much on ‘shovel-ready’ projects while not implementing a sustained infrastructure program. In fact, that’s the exact sort of thing that the administration has been pushing for, and Hubbard’s fellow Republicans have been blocking…. [Hubbard] admits that ‘activist demand policies by the federal government may make sense’… [and] blames the Obama administration for problems with fiscal policy that Republicans created…. As Mike Grunwald lays out in his book The New New Deal, the White House wanted a larger stimulus…. Obama has repeatedly called for more infrastructure spending—often in the form of an infrastructure bank—in the past few years. Republicans have blocked those proposals. While the administration has not offered a comprehensive tax reform proposal, Republicans ran as fast as they could away from Dave Camp’s plan…