From 2009 to 2011, Jared Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, executive director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team. In May of 2011, he joined the Center on Budget and Policy Priorities, a liberal fiscal group, as a Senior Fellow. In case you were wondering, Bernstein’s official reason for leaving the White House was because his calls for more stimulus spending were being ignored by a GOP-controlled House in an environment focused on major snips and cuts.
The Pew Research Center has just released a report, though written a year ago, by Jared Bernstein that they say is worth a close look. I’m not so sure. However, I am sure that I, personally, will never know if I have to read it.
When Jared Bernstein explains that the title, “The Lost Decade of the Middle Class,” comes from the observation that real median income or the more comprehensive measure of net worth were lower at the end of the last decade than at the start,” my eyes don’t exactly cloud over.
Instead, in his presence, it’s my hearing that fails.