Oct 16, 2015
In this episode’s “sticky notes” I discuss why a presidential campaign’s “burn rate” or, the amount of campaign funds they are spending as a percentage of their total funds raised in a period, is critical for establishment-type candidates but not as significant a factor for grassroots candidates. I also address President Obama’s absurd claim that declining union membership is a major factor impeding our struggling economy.
The core topic of today’s show is an analysis of former Federal Reserve Chairman Ben Bernanke’s claims that the Federal Reserve’s unprecedented interventions in the economy after the recession helped the economy recover. In today’s Wall Street Journal Alan Blinder and Mark Zandi defend these, and other government interventions in the economy, despite common sense dictating otherwise.