http://story.news.yahoo.com/news?tmpl=stor..._hubbard_dc&e=1

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Bush Economic Aide Hubbard Resigns

By Adam Entous

WASHINGTON (Reuters) - Glenn Hubbard resigned as chairman of the White House Council of Economic Advisers and Harvard University's Gregory Mankiw, a veteran of the Reagan administration, has been chosen to replace him, the White House announced on Wednesday.

Hubbard's abrupt departure is the latest in a series of dramatic shifts in President Bush's economic team following last year's rapid-fire resignations of Treasury Secretary Paul O'Neill, White House economic aide Lawrence Lindsey and Securities and Exchange Commission Chairman Harvey Pitt.
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Was anyone surprised by this? Hubbard had previously written in a textbook on the dangers of incurring huge deficits, yet went along with what is obviously a very bad plan.

I think he couldn't take it any longer. Abstracting on economics as a tenured prof at Columbia is a lot more fun than trying to justify a nightmare by twisting figures and statements. How long will Harvard's Mankiw--supposedly a boy genius--put up with this before he realizes how sullied his reputation is going to be and splits too?