Okay, so this is Jared Bernstein. He is the chair of the United States Council of Economic Advisers and a senior fellow at the Center on Budget and Policy Priorities. His advice carries great weight. Hear him...
Call me a cynic, but he seems to me a tad overqualified for the job - he is, after all, trying to make sense of the senseless. He'll probably be fired soon because making sense of things isn't his job. It is, after all, hard to make sense of a con without calling it a con, but kudos to him for trying.