Jared Bernstein on Obamanomics

Jared Bernstein, economic policy adviser to Vice President Joe Biden, explains the Obama administration's economic policy decisions in this address at America's Future Now. He says the country needs to end the “shampoo economy—bubble, bust, repeat” and replace it with an economy that can sustain middle-class prosperity. He also says the nation needs “a government that’s amply funded, fiscally responsible, and competently run.” That means “we have to invest in health care, environment, and education to create the foundation for a strong, sustainable American economy.”