The Partisan Economic Divide Worries Bernanke Ben Bernanke is worried.The former chairman of the Federal Reserve, who can offer his thoughts freely now that he is three years out of office, is not anxious about the objective, actual state of the economy. Rather, he is worried that Democrats and Republicans view the health of our nation completely differently.Read Full Article »
Mr. Bernanke’s assessment is supported by recent research: A series of new surveys and polls show direct evidence that your politics increasingly define your view of the economy. Just this month, the University of Michigan’s monthly survey of consumer sentiment diverged in an unprecedented way: Republicans are convinced that the economy is surging, while Democrats are concerned about an imminent recession.
Guess what Steven A. Ballmer has been up to for the last several years. (No, not just cheering for the basketball team he owns, the Los Angeles Clippers.) It’s a novel project, and he plans to take the wrapping off it today. But first the backstory, which is a valuable prelude to a description of the project itself.