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Znet Article Baker: Wall Street Adds Insult to Injury

Znet Article, October, 27 2009 Dean Baker
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Most people would have little difficulty getting by on $200,000 a year. Most people who had badly messed up on their job and put their employer in bankruptcy would be absolutely delighted to find themselves still earning $200,000 a year. That's no...

Znet Article Baker: Does Citigroup Need China?

Znet Article, October, 20 2009 Dean Baker
Baker's ZSpace page

Most of the economists and pundits who could not see an $8 trillion housing bubble are telling us that the United States desperately needs for the Chinese government to keep buying its debt. This crew of failed analysts argues that without the sup...

Znet Article Baker: Debunking the Dumping-the-Dollar Conspiracy

Znet Article, October, 13 2009 Dean Baker
Baker's ZSpace page

On Monday, the Independent reported that a number of countries are conspiring to dump the dollar as the primary oil trade currency, spelling disaster for the U.S. economy. But the United States wouldn't need to fear - even if it were true.

Znet Article Baker: Unemployment is Up, But Bernanke Saved the Banks

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

Friday's job report showed that most of the country is experiencing enormous economic pain, even if the economy is now in a recovery. The unemployment rate rose to 9.8 percent with the unemployment rate for men hitting a new post-depression high. ...

Znet Article Baker: Medicare Buy-in: What's Wrong With Giving People a Choice?

Znet Article, September, 29 2009 Dean Baker
Baker's ZSpace page

Back in the good old days the conservatives were the folks who favored individual choice: not any more. In the current health care debate, the top priority of the so-called conservatives is to deny people choice. They want to make sure that Americ...

Znet Article Baker: The Rally Against Obamacare for the Banks

Znet Article, September, 22 2009 Dean Baker
Baker's ZSpace page

The large number of people who protested against President Obama's health care plan last week drew an enormous amount of media attention. Clearly some of the leaders are certifiably crazy: questioning whether President Obama is an American and lik...

Znet Article Baker: Short Sellers: The Unsung Heroes of the Financial Crisis

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

Last year, as the collapse of the housing bubble was threatening to turn Wall Street into a pre-industrial economy, many leading financial commentators were blaming short-sellers for the meltdown. They argued that the fundamentals of the financial...

Znet Article Baker: Ben Bernanke's Bad Memory

Znet Article, September, 08 2009 Dean Baker
Baker's ZSpace page

To combat the financial crisis set off by the collapse of the housing bubble, the Federal Reserve Board has lent out more than $2 trillion through various special lending facilities. While the Fed discloses aggregate information on the loans made ...

Znet Article Baker: Bank Profits Are Up: Did You Hear Anyone Say "Thank You"?

Znet Article, September, 01 2009 Dean Baker
Baker's ZSpace page

Most of us work for a living; the rest are bankers. These days the news is filled with great tales about how the banks are coming back.

Znet Article Baker: Owning Versus Renting

Znet Article, August, 25 2009 Dean Baker
Baker's ZSpace page

There has long been a strong ideological bias in the United States that has pushed families toward becoming homeowners. Instead of resisting this bias, many people in the policy and advocacy community unthinkingly echoed this ideological refrain, ...

Znet Article Baker: Palin's Health Care Rant

Znet Article, August, 12 2009 Dean Baker
Baker's ZSpace page

As a basic rule, politicians will say anything they can get away with. If an effective politician thinks that he can call his opponent a drug-dealing, serial murdering gangster and have the charge taken seriously by the media, then he will do it, ...

Znet Article Baker: The Doctor is in . . . Bangkok

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

Why don't we globalize American healthcare?

Znet Article Baker: Stimulus Works, Give Us More!

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

The GDP data released on Friday showed that the economy was sinking at a 1.0 percent annual rate in the second quarter. This would not ordinarily be good news, except that the economy was contracting at a 6.4 percent rate in the first quarter of 2...

Znet Article Baker: Good Medicine?

Znet Article, July, 29 2009 Dean Baker
Baker's ZSpace page

As part of his health care package, President Obama proposed creating an independent commission of medical experts that would determine the medical procedures for which Medicare will pay. The reason is that patients now receive many costly procedu...

Znet Article Baker: Stimulus Arithmetic

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

When her husband was in the oval office Laura Bush launched an initiative to promote literacy across the country. Unfortunately, there was no comparable effort to promote numeracy in our nation's capital. This has been evident in the discussion of...

Znet Article Baker: Yes, We Can Tax Those Wall Street Bastards

Znet Article, July, 02 2009 Dean Baker
Baker's ZSpace page

Last month, when Congress failed to pass a bankruptcy reform measure that would have allowed home mortgages to be modified in bankruptcy, Senator Richard Durbin succinctly commented: "the banks own this place." That seems pretty clear.

Znet Article Baker: The Global Warming Lie Detector

Znet Article, June, 30 2009 Dean Baker
Baker's ZSpace page

The House's passage of the Waxman-Markey bill raises the possibility that the United States will finally do something on global warming. This prospect has the industry hacks screaming at top volume about the horrible fate that awaits the economy. ...

Znet Article Baker: Spreading the Wealth Around to the Insurance Industry & Friends

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

This is the time when the excrement starts hitting the fan. The lobbyists are in overdrive, rounding up members of Congress just like the cowboys of the Old West would bring in the herd.

Znet Article Baker: Envisioning the Future Requires Knowing the Present

Znet Article, June, 20 2009 Dean Baker
Baker's ZSpace page

As every backcountry hiker recognizes, you must first know where you are before you can figure out how to get to where you want to be. While it is important to know where we want to go, progressives often badly misunderstand where we are now.

Znet Article Baker: Obama Plan Improves Regulatory Structure but Doesn't Address Accountability

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

There are many useful features of President Obama's proposals for the reform of the regulatory system. Most notably, the plan to establish an agency to ensure that financial products are fair and transparent to consumers is a big step forward. Suc...

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