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Biden Picks Jared Bernstein as Economic Adviser

By Michael D. Shear
Jared Bernstein, an economist at the Economic Policy Institute, will serve as the chief economic adviser to Vice President Joseph Biden, providing a strong advocate for workers in the White House.

Biden announced the appointment today, calling Bernstein "an acclaimed economist, and a proven, passionate advocate for raising the incomes of middle class families." He will serve in a new position called Chief Economist and Economic Policy Adviser.

"His expertise and background in a wide range of domestic and international economic policies will be an invaluable asset to the Obama-Biden Administration," Biden said in a statement. "It's an honor to have him on my team and I look forward to his advice and
counsel."

Bernstein is a well-known skeptic on free trade and has worked for years as a senior official at EPI, a labor-funded think tank which advocates for low and middle-income workers.

On its website, the group writes that "The story of international trade for the American economy is not win-win, but rather good news, bad news. The good news is that some Americans will reap large rewards, and these rewards will actually be so large as to raise the average income of the entire American economy."

Berstein's appointment contrasts sharply with the more centrist views of many of president-elect Barack Obama's economic advisers. His latest book is "Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries)."

Posted at 12:57 PM ET on Dec 5, 2008  | Category:  Cast of Characters
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Comments

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amy 2009,
I suppose you'll be voting for that other big mouth, Sarah Palin, next time. Surely she would have made a better VP. We've got a black president. Get over it.

Posted by: boricuaogun | December 9, 2008 8:56 AM

I have interviewed Jared Bernstein for a good few hours on my NPR-San Francisco radio show. And although I lean libertarian and Jared is quite a lefty, I respect him greatly. He is a man of great intelligence and caring. He has an Obama-like demeanor and is a superlative communicator, which will make him an outstanding participant in the high-level meetings in which he will participate.

Posted by: mnemko | December 6, 2008 1:36 PM

WOW! I agree with VMR1 why the Hell does
VP Elect Big Mouth Joe Biden even need an
Economic Adviser anyhow? Since the Trainee
President Barack Hussein Obama has already
reduced the Vice President to a token white man no responsiblity and do nothing
job as well. And doesn't Big Mouth Joe
the old Fool Biden already claimed he knows
everything? Typical Wasteful Democrat Spending and Cronyism at work already.

Posted by: Amy2009 | December 6, 2008 4:16 AM

ingenesist said:

"the living breathing fountain of social, creative, and intellectual capital that resides in every single American"
--

I dunno, man, most Americans I've met are morons.

Posted by: VMR1 | December 5, 2008 4:53 PM

kmguru said:

"Can we at least admit that we no longer produce tangible products or engineering services...they are all outsourced. "
---
Caterpillar, Harley-Davidson, Fender, Gibson, Stetson, grains, beans, fruits & vegetables, Boeing, Sikorsky, Microsoft, Sun Microsystems, Cisco Systems, Dow, Dupont, US Steel, Alcoa, and I can think of many more US brands & companies.

However, it is true that about 60% of our economy is based on B.S. - marketing, advertising, money shuffling, speculation, suing somebody, and other forms of parasitic activity.

The fish starts stinking from the head down, they say. Get rid of all the uber-capitalist Republican ideologues and return to 1980 - that's when American socio-economic progress was stopped. The Detroit Trio, currently trying to sucker the American people for $35 billion+ are excellent candidates for our collective kick in the pants.

We'll take care of the auto-workers, Messrs. Wagoner, Nardelli, and Mulally, just as soon as you, losers, and all your brownnoser-sycophants at the Big Three get lost first.

Posted by: VMR1 | December 5, 2008 4:50 PM

Why does Biden need his own economic adviser?
Is he gonna conduct his own economic policy?
What, Obama's advisers are not enough for him?

Posted by: VMR1 | December 5, 2008 4:32 PM

Can we at least admit that we no longer produce tangible products or engineering services...they are all outsourced. Without real products and a lot of jobs, our economy will go no where. While the Chinese use Engineers as their leaders and advisors for their double digit growth, we use boat load of economists to solve our Innovation and Production. It is like using dentists to do brain surgery. The patient will die every time.

Posted by: kmguru | December 5, 2008 2:42 PM

Looking forward to moving forward.

Posted by: 1freethinker1 | December 5, 2008 2:37 PM

This appointment will have a negative effect on the stock market. It should increase contributions to the Democratic party, however.

Posted by: RNELSON4 | December 5, 2008 2:17 PM

America needs to do something so creative, so audacious, and so radical about the economic situation that the rest of the world will shake their heads at our ability to reinvent ourselves.

America needs a true Innovation Economy with factors of production being social capital, creative capital, and intellectual capital. This means that human knowledge must be made tangible outside the construct of a corporation and inside computer enabled social networks.

If Wall Street can make a piece of ePaper (CDO) tangible, then surely the living breathing fountain of social, creative, and intellectual capital that resides in every single American can be made tangible as well. We don't need a new financial system, we need a new innovation system. http://www.ingenesist.com specifies one such system

We need leadership that has the courage to set the American people free from their cubicles, outsource threats, and layoff list and trust them to do the right thing. This is the narrative that we need to see comming out of Washington and the narrative that the Wqashington Post needs to deliver.

Thank you

Posted by: ingenesist | December 5, 2008 1:53 PM

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