Tag: Jared Bernstein

Chatting with a former blogger: Jared Bernstein, Chief Economist for the Vice President

Just a little while ago, http://www.flickr.com/photos/kcivey/923285816/the White House held a ‘progressive media and bloggers teleconference’ with Jared Bernstein, Chief Economist for the Vice President.  As a quick reminder, Jared is one of the bloggers that have become “former bloggers” by transitioning into the Obama Administration.

Not surprisingly, Bernstein’s call focused on the American Recovery and Reinvestment Plan, which has just passed through the Conference Committee as a $789 billion package, incorporating some of the good ideas from the White House and the House, and the bad ideas from the Senate.

NOTE:  The Bernstein photo is from a Drinking Liberally event …

Biden Econ Advisor: “The American Workforce is Too Big To Fail.”

I like this guy.  A lot.  And I like that Biden picked him.  I know Biden voted bad on the bankruptcy bill, but I think that was for his Deleware banks.  That he picked Jerod Bernstein today to be his economic advisor is good news for progressives.

Vice President-elect Joe Biden on Friday named Jared Bernstein as his chief economic policy adviser, a new post created as the nation faces a recession.

Bernstein, a senior economist at the liberal Economic Policy Institute, has been an informal economic adviser to President-elect Barack Obama’s campaign. He also served as deputy chief economist under Labor Secretary Robert Reich during the Clinton administration.


Today, he published an article about job losses.  This is Bernstein:

Our job market is now shedding jobs at a truly alarming rate, a rate measurably worse than past recessions. We face an emergency that certainly equals those in the financial markets in recent months. The American workforce is too big to fail.

No shit.  But it’s good to hear it from those who will be in power.

More on Bernstein and other good signals from Obama today, after the fold.  

Crunch Time In America: An Interview With Economist Jared Bernstein

Jared Bernstein's Book

The topic below was originally posted on my blog, the Intrepid Liberal Journal on April 6th and x-posted today at The Wild, Wild Left, The Peace Tree,The Independent Bloggers Alliance and Worldwide Sawdust.

How many economists have you read or watched on television in recent years that claimed the economy was performing well while you struggled to make ends meat and keep up with the cost of living? Indeed, until recently a happy talk virus had infected a cabal of conservative plutocrats who preached the virtues of limited regulation, market forces and free trade as wages declined and predatory lenders had a party. It seemed we were hearing conservative politicians and their mouthpieces at the Heritage Foundation or Fox news refer to the economy as “the greatest story never told” at every opportunity.

Now that the housing and credit crisis has metastasized, conservative apparatchiks are fighting to minimize government intervention on behalf of regular folks while preserving corporate welfare. They accuse anyone who raises a fuss of waging class warfare. Instead these agents of the status quo prefer we erroneously obsess about Social Security going bust and agree to privatize it for Wall Street’s benefit.