National Confidential: Mitt Romney announced a key member of his economic team whose past statements and affiliations could hurt the campaign. Gregory Mankiw, an economist who was chairman of President Bush’s Council of Economic Advisors, has previously called for a carbon tax, explaining in the New York Times that “if we want to reduce global emissions of carbon, we need a global carbon tax.”
Mankiw also caused controversy when in 2004 he described outsourcing – shipping American jobs overseas – as “probably a plus”.
As a former member of the Bush administration, Mankiw may have to explain why he should be trusted on economic issues after the former President’s record of causing massive deficits while also providing insufficient oversight in advance of the global financial crisis.
* Thank you desertflower *