Mathews Discusses Garcetti’s LA Mayoral Victory; Federal Reserve’s Decision on “Quantitative Easing”

Peter Mathews on KTLK AM 1150, the David Cruz Show: LA election: Garcetti beats Greuel; Federal Reserve’s dilemma on Quantitative Easing, and job growth. (5/22/13) Peter Mathews analyzes the Los Angeles Mayoral Election results (7 min.), with Eric Garcetti performing very strongly in the LA basin, East LA, West LA, Silverlake/Hollywood (Garcetti’s home district), and breaking even with Greuel in the San Fernando Valley (her home base) where she needed to win overwhelmingly, as she did in South LA. Mathews explains the role of the DWP in the race, as well as Garcetti’s effective grass roots volunteer efforts. Mathews explains the challenges facing Los Angeles and Mayor-elect Garcetti.

In his second interview (6 min.), Professor Peter Mathews analyzes the dilemma faced by Ben Bernanke and the Federal Reserve on whether to continue “Quantitative Easing” (QE – pumping billions of dollars into the economy), or to slow down QE if job growth gets stronger. Mathews suggests that real economic growth will come only from government investing heavily in small business loans, capital to expand high-tech and manufacturing, and hiring workers and engineers to rebuild America’s roads, bridges, and other infrastructure. This must be funded by government closing unnecessary corporate tax loopholes, such as Apple Inc.’s $15 billion tax avoidance scheme. (13 min.)     [Listen]