Jared Bernstein
@econjared
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CEA Chair for President Biden. Former economic adviser to VP Biden. Views are my own. White House acct: @econjared46.
Washington, DC
Joined May 2011
Is it me or is this just a very seriously deep groove? https://t.co/iJSXy0C4D9
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I've long been remiss in sharing must-hear music, so allow me to more than remedy that with this up-tempo, on-fire jam from Kenny Baron's trio. Check out where he goes at 2:55 as he shifts the trio in overdrive! https://t.co/AMXSFKtlcz
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As he just said, @POTUS is the president of ALL Americans, and for Rs who voted against the infrastructure law: "I'll see you at the groundbreaking."
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Finally, not exactly an obscure hit, but in case any fellow boomers don't have this one handy by, it always lifts your spirits. And that bass line! Also, heavy Lydian scale use, if my ears don't deceive. https://t.co/cIW2keMosw
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If, like me, your job can get a bit stressful, and you need to regroovalate your cellular capacity, see if these help. First, esp if someone's considering messing w you, Muddy can help. Listen to the end to hear Mike Bloomfield let loose!
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Folks know that I place Bach's Italian Concerto at the pinnacle of human creativity. Here's the presto played by the remarkable Rafal Blechacz. The way he goes from roar to whisper is like nothing I've heard, and I've been listening to this forever. https://t.co/iX1KnT5Yw1
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Next, one from the vault. Many greats here, including Bing & Louie, & also the very swingin' Trummy Young + one of my earliest influences, Arville Shaw. "Le tout ensemble!" https://t.co/tIMXPLeiCH
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Tons of peeps--at least 2-3--have asked me to post more great music. So, here's another round of sound to keep you ground...ed. Jazz, classical, and R&B. First, here's Sonny Stitt with a very convincing explanation of bebop: https://t.co/Y2BISSVM4X (pretty good pianist too...)
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I’ve long argued that defunding the IRS is nothing more than a shadow tax cut for wealthy tax evaders. So, if you’re someone who wants to carry water for tax cheats, the IRA will ruin your day. For the rest of us, it’s a strong dose of long-awaited tax fairness!
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Rettig, cont: “As we have been planning, our investment of these enforcement resources is designed around Treasury’s directive that audit rates will not rise relative to recent years for households making under $400,000.”
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To be clear, these are taxes owed by wealthy tax evaders, with an emphasis on “wealthy.” IRS Commissioner Rettig: “These [IRA] resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans…
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Of the many great parts of the Inflation Reduction Act, one of my favorites is finally giving the IRS the resources it needs to go after high-end tax evasion.
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Everyone crushes it on this jam but Joe H and McCoy (right after Green's first guitar solo) take it out to another place. Am I right?! More to come, but absorb this one first.
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A colleague reminded me it's been a long time since posting any musical suggestions--my bad--distracted by...um...other matters over at @econjared46. I've been grooving on this minor blues from Grant Green et al for decades. https://t.co/ajylOx59Qp
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As expected, the June consumer price index (CPI) released today shows that inflation remains higher than we would like. It bears repeating, however, that inflation is not an issue for the economic package that Congress and President Biden are working to enact. 1/5
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Great to chat with you this AM! I said "elevated prices" not "elevated crisis."
"I've never been part of an administration that has tried to do more to help working households get by in this period of elevated crisis," says @econjared on #inflation. "What we'd like to see if a lot less barrier to entry in some of our key industries."
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You know how much I love the crisply swingin' piano of Wynton Kelly. Every phrase, every note just pops such that you've got to snap fingers, tap toes, and elevate to a higher grooveplane than that we normally inhabit. Am I right?? https://t.co/cH8KYQujDj
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What's driving June's CPI inflation? Strip out pandemic-affected sectors like hotels/autos, month/month core inflation up just 0.2% in June – trending down from 0.3% in April/May. IOW, supply-chain constraints that we expect to ease.
Without cars and pandemic-affected services, core inflation rose 0.22 percent month-over-month, relative to 0.28 percent in May and 0.31 percent in April 4/
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