The Senate Banking Committee on Thursday ought to kill the nomination of left-wing academic Jared Bernstein for the chairmanship of the Council of Economic Advisers. Bernstein clearly lacks the necessary credentials, wisdom, and objectivity.
The Council of Economic Advisers chair should be a dispassionate economist, but Bernstein is a crusading leftist ideologue. The Atlantic in 2020 said “progressives” saw him as “Joe Biden’s Man of the Left,” someone who “would be a savvy insider whose backroom machinations” would “shove” the administration far away from the center.
The head of the Council of Economic Advisers in a prosperous capitalist nation shouldn’t be someone who wants to dismantle capitalism. On energy, Bernstein wrote in October 2019 that “fossil fuels are severely underpriced.” This explains why, when President Joe Biden essentially adopted the energy policies Bernstein pushed, energy prices rose dramatically nationwide. And in his committee hearing, Bernstein refused to answer five separate times when asked if he advised Biden to cancel the Keystone pipeline, a cancellation that caused higher energy prices and eliminated at least 10,000 jobs.
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