As someone who has both I have to say that Hubpages is a much quicker route to making money, though there is no reason that you can't also do it with Blogger. Why can you make money quicker on Hubpages?
1) Because Hubpages ranks really well. The fact that spam gets kicked off hubpages really quickly means that most Hubs are really high quality. Google knows this and ranks them higher in the SERPs than it would a new blogger blog. Blogger blogs are really hard to rank because so many of them have been taken over by spam-spewing bots that Google gives them a penalty. They are hard to get indexed and ranked when new.
2) Hubpages gives you many easy monetization methods with more adds. You have less freedom about where you place advertisements on a Hub than you would with a blog, but that is probably a good thing. Hubpages is allowed to display more than the normal 3 adsense spots. It also uses yieldbuild, which constantly optimizes which ads are shown so you get the ones that pay out best. Now you could add yieldbuild to a blogger blog, but here it is done for you.
3) Hubpages has a really good internal linking structure. That way if you write a Hub on something like "how to make money on hubpages" and give it tags, then you get links from all the other hubs on the subject. That makes yours seem important in Google's rankings. It also means you get traffic from other Hubs.
The only downside is the revenue split. On Blogger you don't have to share a penny. But for someone starting out you will probably do better sooner on Hubpages, though over a longer period you might be able to get a blogger blog to rank well too.