James Pethokoukis

Politics and policy from inside Washington

Is Jared Bernstein the next director of the NEC?

November 11, 2010

Who will replace Larry Summers as the director of the National Economic Council? One well-placed source of mine claims it is likely to be  Jared Bernstein, currently VP Joe Biden’s economic guru.

Jared is wonderful guy whom I frequently debated on CNBC when he worked at the Economic Policy Institute. But he is definitely a pro-union, pro-tax liberal whom business would frown upon.  I would guess he, like Christina Romer, also would have preferred to have seen a bigger stimulus package in 2009.

But in the traditional NEC role as a coordinator rather than a creator of economic policy — Summers is more the latter — Bernstein would probably do a fantastic job. He’s calm, personable and —  like Austan Goolsbee —  a wonderful explainer. But if it is not Bernstein, keep an eye out for these folks. And here are the current betting market odds (via Paddy Power):

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