Matt Yglesias reports:
Jared Bernstein, a first-rate guy with what I’d say is a clearly more left-wing orientation than the members of the Obama economic team that have been announced thus far, was just announced for the new position of Chief Economist and Economic Policy Advisor to the Vice President. It’ll be interesting to see what kind of influence that post holds. At a minimum, if the president wants to get someone on the phone who’ll criticize Summers/Geithner from the left they’ll know where to call.
I believe the Obama years will cause a crisis for progressivism roughly comparable to what the Bush years have brought upon libertarianism.