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Baker: President Obama's Big Stimulus
Znet Article, January, 25 2009
Dean Baker
Baker's ZSpace page
There is much to celebrate this week. Topping the list of course is President Obama's inauguration. There is good reason to believe that we have seen power pass from one of the country's worst presidents to one of its best.
Baker: TARP II: Money for Banks, Not Homeowners
Znet Article, January, 21 2009
Dean Baker
Baker's ZSpace page
TARP II, the second helping of $350 billion that is supposed to restore the health of our financial system, will soon be dished out by the Obama administration. Ostensibly, much of this money will go to help homeowners stay in their homes. But, as...
Baker: Redefining Chutzpah: Wall Street Goes After Social Security, Again
Znet Article, January, 14 2009
Dean Baker
Baker's ZSpace page
Many people, most notably investment banker and Concord Coalition founder Peter Peterson, have questioned the solvency of Social Security based on the fact that its trust fund is held in U.S. government bonds. Peterson and others derisively refer ...
Baker: Right to Rent: Helping Homeowners Without Throwing Money at Banks
Znet Article, January, 12 2009
Dean Baker
Baker's ZSpace page
We got into the current economic crisis because many very smart people with outstanding credentials were unable to use simple arithmetic. If they knew arithmetic, they would have been able to see an $8 trillion housing bubble that was right in fro...
Baker: Free Market Myth
Znet Article, January, 06 2009
Dean Baker
Baker's ZSpace page
Regulation is everywhere. Let's choose who benefits.
Baker: Washington Post: The Problem is YOU, Not "We"
Znet Article, December, 24 2008
Dean Baker
Baker's ZSpace page
Imagine a major national newspaper that never saw an $8 trillion dollar housing bubble. Suppose its most often cited expert on the housing market was the chief economist of the National Association of Realtors, who also authored the 2006 bestselle...
Baker: Wages Soar as Stock Market Tanks
Znet Article, December, 23 2008
Dean Baker
Baker's ZSpace page
You probably didn't see this in the newspapers, but real wages rose at an incredible 14.8 percent annual rate over the last three months. The basic story is straightforward, while nominal wages have continued to grow at a modest 3.2 percent annual...
Baker: The Ownership Society: R.I.P.
Znet Article, December, 17 2008
Dean Baker
Baker's ZSpace page
The Bush administration is packing its bags and about to head out the door. As they leave, we should insist they take the garbage with them. Among the items in the garbage pile should be the "ownership society."
Baker: Homeownership Without Equity: What's It Worth?
Znet Article, December, 15 2008
Dean Baker
Baker's ZSpace page
It costs roughly $3,000 a year to insure a kid through the State Children's Health Insurance Program (SCHIP). Head Start costs around $7,500 per student. The Women, Infants and Children (WIC) nutrition program checks in at about $750 a head.
Baker: Obama Has the Right Medicine
Znet Article, December, 09 2008
Dean Baker
Baker's ZSpace page
President-elect Obama wants to spend several hundred billion dollars in each of the next two years building infrastructure, retrofitting public and private buildings to increase energy efficiency, and aiding state and local governments in dealing ...
Baker: Paulson and Bernanke Spread the Wealth Around
Znet Article, December, 03 2008
Dean Baker
Baker's ZSpace page
During the campaign, then-Senator Obama provoked a media flurry and right-wing outrage over his comment to Joe the Plumber about "spreading the wealth around." They told us that this view was contrary to the American Way, that this was socialism.
Baker: The Bear is Cool: Overcoming Fears of Falling Stock Prices
Znet Article, November, 27 2008
Dean Baker
Baker's ZSpace page
The stock market's historic plunge over the last year has pushed the news media into a state of near hysteria. News shows and headlines routinely roll out the scorecard on the market's new lows in the same way they might list the victims of a terr...
Baker: Geithner at Treasury: Can He Learn?
Znet Article, November, 25 2008
Dean Baker
Baker's ZSpace page
President Obama's pick of Timothy Geithner as Treasury Secretary showed the sort of caution that Obama has displayed in both his campaign and the other top appointments announced to date. Geithner, as President of the New York Federal Reserve Bank...
Baker: Stopping Foreclosures With the Right to Rent: One More Time
Znet Article, November, 17 2008
Dean Baker
Baker's ZSpace page
Politicians often prefer complex solutions to simple problems. Nowhere is this more apparent than with the long list of complicated and convoluted proposals to address the country's foreclosure crisis.
Baker: The Obama Economic Team: Clinton Retreads?
Znet Article, November, 12 2008
Dean Baker
Baker's ZSpace page
Those following the meeting of President Obama's economic advisory committee could not have been very reassured by the presence of Robert Rubin and Larry Summers, both former Treasury secretaries in the Clinton administration. Along with former Fe...
Baker: President Obama's Path to Greatness: Health Care As Stimulus
Znet Article, November, 05 2008
Dean Baker
Baker's ZSpace page
President Obama will have a historic opportunity to establish himself as a truly great president in his first days in office. He can take advantage of the current economic crisis to announce plans to jump start national health care insurance. Exte...
Baker: Greenspan Says "Who Could Have Known?"
Znet Article, October, 29 2008
Dean Baker
Baker's ZSpace page
That's right, the former Maestro told Congress last week when asked about the meltdown of the housing bubble and the resulting financial crisis: "we're not smart enough as people. We just cannot see events that far in advance."
Baker: Global Financial Stability: What Role for the IMF? Pt. 1
Video, October, 24 2008
Dean Baker
Baker's ZSpace page
Economist Dean Baker discussed the current economic crisis and it's causes.
Baker: Peter Peterson's Bad Economics
Znet Article, October, 22 2008
Dean Baker
Baker's ZSpace page
Advocates of cutting social security and Medicare in the US are using the financial crisis as a pretext to further their agenda.
Baker: The Return of Great Depression Economics
Znet Article, October, 14 2008
Dean Baker
Baker's ZSpace page
To help sell his bailout package last month, President Bush raised the specter of the Great Depression. This was sleazy politics...


