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Znet Article 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.

Znet Article 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...

Znet Article 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 ...

Znet Article 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...

Znet Article Baker: Free Market Myth

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

Regulation is everywhere. Let's choose who benefits.

Znet Article 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...

Znet Article 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...

Znet Article 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."

Znet Article 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.

Znet Article 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 ...

Znet Article 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.

Znet Article 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...

Znet Article 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...

Znet Article 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.

Znet Article 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...

Znet Article 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...

Znet Article 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."

Video 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.

Znet Article 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.

Znet Article 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...

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