Jared Bernstein, Adviser Behind the Stimulus Bill, to Leave Obama Administration
The Wall Street Journal reported late this morning that Jared Bernstein, left-leaning economic adviser to VP Joe Biden and the point person for the 2009 stimulus bill, is on his way out.
Mr. Bernstein’s departure comes after the exit of two liberal economic allies, Christina Romer and Larry Summers, and the arrival of deal-making pragmatists like Mr. Summers’ replacement as National Economic Council director, Gene Sperling, andBruce Reed, Mr. Biden’s new chief of staff who headed the centrist Democratic Leadership Council.
But the official said his reasons for leaving are practical. In the face of a conservative Republican House and budget-cutting fever, Mr. Bernstein’s advocacy for more stimulus spending was going nowhere.
Bernstein will join the liberal think tank the Center on Budget and Policy Priorities, which released the following statement today (via The Hill):
We are very pleased that Jared Bernstein is joining us as a senior fellow. He brings to the Center a very broad range of skills and deep expertise on issues that are central to our work, including the living standards of middle- and lower-income Americans. We have worked closely with Jared in his various positions over the years, and we look forward to working with him on a daily basis as he joins the Center.