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Baker: GDP Outlook in 2011 After the Tax Deal
Znet Article, December, 22 2010
Dean Baker
Baker's ZSpace page
The enthusiasm of the U.S. business press for the compromise tax package worked out by President Obama and Republicans in Congress led to a mini euphoria of upbeat economic projections for 2011.
Baker: 'Bailout' Capitalism: Two Years On
Znet Article, December, 02 2010
Dean Baker
Baker's ZSpace page
In the fall of 2008 major financial institutions were failing across the globe.
Baker: The Deficit Commission’s Parallel Universe
Znet Article, November, 18 2010
Dean Baker
Baker's ZSpace page
The country in which most people live is experiencing an economic disaster. More than 25 million people are unemployed, underemployed, or have given up looking for work altogether.
Baker: Wall Street's Greatest Heist: The Tarp
Znet Article, September, 22 2010
Dean Baker
Baker's ZSpace page
The notion that without the $700bn bailout we would be reduced to bartering was a ruse by the banks to get taxpayers' money.
Baker: The Soft Bigotry of Incredibly Low Expectations
Znet Article, September, 15 2010
Dean Baker
Baker's ZSpace page
In a country with almost 15 million people out of work, it is amazing that any economists still have jobs. This one is their fault first and foremost. Economists are supposed to know about the economy and provide advice on how to avoid disasters b...
Baker: Whacking the Middle Class
Znet Article, August, 22 2010
Dean Baker
Baker's ZSpace page
The middle class is getting whacked by the Great Recession. Fifteen million people are out of work, another 9 million workers can only find part-time jobs, and millions more have given up looking for work altogether. Those lucky enough to be emplo...
Baker: That Joke About Intergenerational Equity
Znet Article, August, 17 2010
Dean Baker
Baker's ZSpace page
The Washington Post and most of the important people in Washington want the United States to be like Kazakhstan. Unfortunately, this is not another Borat movie, this is about the central focus of economic policy in the United States today.
Baker: The Budget Deficit Chicken Hawks
Znet Article, July, 30 2010
Dean Baker
Baker's ZSpace page
Most people are familiar with the concept of "chicken hawks." Chicken hawks are the politicians who are anxious to send other people to risk their lives in war, but somehow managed to avoid service when they had the opportunity to fight themselves...
Baker: Republicans: The Party of Unemployment
Znet Article, July, 08 2010
Dean Baker
Baker's ZSpace page
From now until November 2, the Republican Party will be the party of unemployment. The logic is straightforward; the more people who are unemployed on Election Day, the better the prospects for Republicans in the fall election. They expect, with g...
Baker: Goldman's Scam #5476, Yes, It Can Get Even Worse
Znet Article, April, 21 2010
Dean Baker
Baker's ZSpace page
Last year, Rolling Stone columnist Matt Taibbi described Goldman Sachs as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." It turns out that Mr. Taibbi was far...
Baker: The New War on Social Security
Znet Article, April, 14 2010
Dean Baker
Baker's ZSpace page
Suppose our top generals described the growing threat from a hostile Middle East power. The country has tens of billions of oil dollars, a growing army, chemical and biological weapons, and is in the process of developing nuclear weapons. After ca...
Baker: Profits on Citigroup Stock: Can They Be the Basis for Financing Stimulus?
Znet Article, April, 10 2010
Dean Baker
Baker's ZSpace page
Last month the government announced plans to sell the stock it obtained in November of 2008 as part of its bailout package of Citigroup. The media jumped on the fact that, at the stock's current market value, the government stands to earn an $8 bi...
Baker: Work-Sharing Could Work for Us
Znet Article, April, 08 2010
Dean Baker
Baker's ZSpace page
With the nation's unemployment rate still hovering close to 10% -- more than 12% in California -- and the typical unemployment spell stretching to 20 months, politicians of both parties are rightly looking for ideas to improve labor market conditi...
Baker: Sharing the Workload
Znet Article, March, 03 2010
Dean Baker
Baker's ZSpace page
Most projections now show that the Organization for Economic Co-operation and Development countries will have extraordinarily high rates of unemployment for several years to come. While there are differences across countries, in most the unemploym...
Baker: The Vampire Banks Rise Again
Znet Article, November, 24 2009
Dean Baker
Baker's ZSpace page
There are more than 15 million people unemployed and almost 2 million people set to lose their homes to foreclosure this year. But there is good news: the Wall Street banks are as profitable as ever and set to give out record bonuses this year. Th...
Baker: An Unemployment Solution: Pay People to Work Shorter Hours
Znet Article, November, 17 2009
Dean Baker
Baker's ZSpace page
The unemployment rate is 10.2 percent and virtually certain to rise even higher in the months ahead. Even with the prospect of extended benefits, unemployment is still a crisis for the families affected, as they struggle to pay their mortgage or r...
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.
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, ...
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...
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.
