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Znet Article Baker: Geithner's Plan Will Tax Main Street to Make Wall Street Richer

Znet Article, March, 30 2009 Dean Baker
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The new consensus among the experts who missed the housing bubble (EMHB) is that Treasury Secretary Tim Geithner's plan to subsidize the purchase of junk mortgages and their derivatives will help alleviate the stress on the banking system. That's ...

Znet Article Baker: The Geithner Plan: Billions More for Failed Banks

Znet Article, March, 24 2009 Dean Baker
Baker's ZSpace page

Treasury Secretary Timothy Geithner's latest bank bailout plan is another Rube Goldberg contraption intended to funnel taxpayer dollars to bankrupt banks, without being overly visible about the process. The main mechanism is a government guarantee...

Znet Article Baker: The Battle Over the A.I.G. Bonuses: Class War in the Media

Znet Article, March, 23 2009 Dean Baker
Baker's ZSpace page

The debate over the A.I.G. bonuses is class war in its full naked glory. On the surface, everyone agreed that paying multi-million bonuses to the folks who bankrupted their company and handed the taxpayers a bill for $170 billion ($2,300 for a fam...

Znet Article Baker: Unions and Unemployment: The Battle Over the Employee Free Choice Act Gets Ugly

Znet Article, March, 17 2009 Dean Baker
Baker's ZSpace page

In Washington, money talks. And we all know that the folks opposed to the Employee Free Choice Act have lots of money. That means that they are doing lots of talking. And, they are saying some pretty strange things.

Znet Article Baker: Competing Views of Government: Universal Medicare or Government-Protected Insurance Companies

Znet Article, March, 15 2009 Dean Baker
Baker's ZSpace page

We all know that people have different ideologies about the proper role of government. Some people, who tend to be left of center, think that the government's role is to try to promote the general good, by providing basic services, protecting the ...

Znet Article Baker: East Asia's Revenge: The Crash of the Housing Bubble

Znet Article, March, 11 2009 Dean Baker
Baker's ZSpace page

In the matter of a few short weeks in the summer of 1997 the thriving countries of East Asia saw their economies overwhelmed by a financial tsunami. First Thailand and Indonesia, and then South Korea and Malaysia, saw investors panic and watched c...

Znet Article Baker: Strengthening Worker Retirement Security

Znet Article, March, 09 2009 Dean Baker
Baker's ZSpace page

Strengthening Worker Retirement Security Testimony of Dean Baker Before the House Committee on Education and Labor Hearing on Strengthening Worker Retirement Security

Znet Article Baker: Unemployment Jumps to 8.1 Percent as Job Loss Accelerates

Znet Article, March, 06 2009 Dean Baker
Baker's ZSpace page

This report shows that recent economic projections were overly optimistic.

Znet Article Baker: The Santelli Screed Hits Wrong Target on Mortgage Bailout

Znet Article, March, 04 2009 Dean Baker
Baker's ZSpace page

At the risk of spoiling a promising artistic and commercial venture, people should know that Mr. Santelli is firing at the wrong target...

Znet Article Baker: Are We Really Nostalgic for the Great Depression?

Znet Article, March, 03 2009 Dean Baker
Baker's ZSpace page

The Washington policy debates of the last week would almost make a casual observer believe that the nation's political leadership is in fact nostalgic for the good old days of the Great Depression when the country suffered double-digit unemploymen...

Znet Article Baker: Housing Price Decline Accelerates

Znet Article, February, 27 2009 Dean Baker
Baker's ZSpace page

Housing aid should be focused on nonbubble markets.

Znet Article Baker: The Solution to the Budget Deficit: The Peter G. Peterson Intergenerational Fairness Tax Credit

Znet Article, February, 23 2009 Dean Baker
Baker's ZSpace page

Peter Peterson is coming to get your Social Security and Medicare. Peterson was the commerce secretary in the Nixon administration. He then went on to make billions of dollars as one of the top executives at the Blackstone Group, a private equity ...

Znet Article Baker: The TARP Dog and Pony Show

Znet Article, February, 17 2009 Dean Baker
Baker's ZSpace page

Treasury Secretary Timothy Geithner's long-awaited plan for rescuing the banks left people even more confused about the Obama administration's agenda than they had been before the announcement. This is best demonstrated by the plunge in the market...

Znet Article Baker: Stop Baby Boomer Bashing: Protect Social Security and Medicare

Znet Article, February, 16 2009 Dean Baker
Baker's ZSpace page

Remember all those headlines about how the baby boom cohorts just lost several trillion dollars in home equity due to the collapse of the housing bubble and how they lost trillions more in their retirement accounts as a result of the stock market ...

Znet Article Baker: Fewer Jobs: Stimulus on the Cheap

Znet Article, February, 09 2009 Dean Baker
Baker's ZSpace page

The moderates in the Senate of both parties are very proud of themselves for having negotiated a slimmed down version of the stimulus package. They apparently knocked out more than $100 billion in spending, trimming the package to less than $400 b...

Znet Article Baker: Plunder and Blunder; How the 'Financial Experts' Keep Screwing You

Znet Article, February, 07 2009 Dean Baker
Baker's ZSpace page

An excerpt from Plunder and Blunder: The Rise and Fall of the Bubble Economy by Dean Baker, published by PoliPoint Press, 2009.

Znet Article Baker: Employment Free Fall Continues, Unemployment Rate Jumps to 7.6 Percent

Znet Article, February, 06 2009 Dean Baker
Baker's ZSpace page

The January employment report showed the economy losing 598,000 jobs in the month...

Znet Article Baker: Time for Bank Rationalization

Znet Article, February, 03 2009 Dean Baker
Baker's ZSpace page

Leaks in the media indicate that the banks are about to inhale another helping of taxpayer dollars. This round is likely to be considerably larger than the $350 billion that they swallowed in the bailout last October.

Znet Article Baker: Time for Jobs: How Shorter Work Weeks / Work Years Can Be Stimulus

Znet Article, January, 27 2009 Dean Baker
Baker's ZSpace page

It is important that some version of President Obama's stimulus package get approved by Congress as quickly as possible. The package will be an important first step toward stopping the downward slide.

Znet Article Baker: The Anti-Stimulus Crowd Blows a Gasket

Znet Article, January, 26 2009 Dean Baker
Baker's ZSpace page

The anti-stimulus crowd is getting desperate. The possibility that a young charismatic new president will push through an ambitious package that begins to set the economy right is truly terrifying to this crew. After all, if the economy begins to ...

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