Zcom_simple

Back Search Results - New Search

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."

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...

Znet Article Baker: The Fannie/Freddie Flat Earth Theory

Znet Article, October, 13 2008 Dean Baker
Baker's ZSpace page

For the last month, most of the world has been watching the Wall Street gang drowning in their own greed as they threaten to pull the rest of us down with them. However, while we have been distracted, the Flat Earth Society has developed its narra...

Znet Article Baker: Statement on the Need for Coordinated Stimulus

Znet Article, October, 10 2008 Dean Baker
Baker's ZSpace page

The current economic crisis is the result of an extraordinary period of extreme economic mismanagement. The world's central banks, most importantly the Federal Reserve Board in the United States, made the decision to ignore, if not actively cultiv...

Znet Article Baker: Step One: Deflate the Housing Bubble

Znet Article, October, 07 2008 Dean Baker
Baker's ZSpace page

The Wall Street bailout doesn't address the core problem facing the US economy: house prices that are continuing to fall…

Znet Article Baker: Wall Street Follows the Path of the Steel Industry in Pittsburgh

Znet Article, October, 06 2008 Dean Baker
Baker's ZSpace page

The financial industry in the United States is hugely bloated and hopelessly uncompetitive in international markets...

Znet Article Baker: Statement on Congressional Approval of Bailout

Znet Article, October, 03 2008 Dean Baker
Baker's ZSpace page

This is the first time in the history of the United States that the president has sought to provoke a financial panic to get legislation through Congress. While this has proven to be a successful political strategy, it marks yet another low point ...

Znet Article Baker: Wall Street Held a Gun to Our Heads

Znet Article, September, 30 2008 Dean Baker
Baker's ZSpace page

The $700bn bail-out bill is a victory for wealthy bankers who exploited fears of a financial crisis for their own gain.

Znet Article Baker: No Bailout: Stop Rewarding Incompetence

Znet Article, September, 25 2008 Dean Baker
Baker's ZSpace page

A friend recently sent a note reminding me that back in 2003, when some of us were warning about the dangers of the housing bubble, Alan Greenspan, the person most responsible for the housing bubble, was being knighted by the Queen of England. If ...

Znet Article Baker: No Blank Cheque for Wall Street

Znet Article, September, 23 2008 Dean Baker
Baker's ZSpace page

Congress should not approve the Bush administration's $700bn Wall Street bailout without attaching some strings...

Znet Article Baker: Progressive Conditions for a Bailout

Znet Article, September, 22 2008 Dean Baker
Baker's ZSpace page

The events of the last week showed the urgency of dealing with the financial crisis. There is a real risk that the banking system will freeze up, preventing ordinary business transactions, like meeting payrolls. This would quickly lead to an econo...

Znet Article Baker: The Financial Meltdown Continues

Znet Article, September, 19 2008 Dean Baker
Baker's ZSpace page

Virtually the only certainty in the current financial situation is that there will be more problems ahead. Those who controlled the levers of economic and financial policy neglected their greatest responsibility, which was to ensure an orderly fin...

Znet Article Baker: Slinging Mud to Hide the Real Dirt

Znet Article, September, 18 2008 Dean Baker
Baker's ZSpace page

The McCain-Palin ticket has developed an interesting campaign strategy. They don't want the public to see their plans to dismantle Social Security, Medicare, and the system of employer-provided health care. To distract people from these policies t...

Znet Article Baker: The Whiners' Recession

Znet Article, September, 08 2008 Dean Baker
Baker's ZSpace page

Senator McCain and his friends no doubt still believe that the economy's fundamentals are strong, but Friday's jobs numbers clearly show how bad things have gotten. The 6.1 percent unemployment rate reported for August is almost as high as the wor...

Znet Article Baker: Jobless Rate Soars to 6.1 Percent, 84,000 Jobs Lost

Znet Article, September, 07 2008 Dean Baker
Baker's ZSpace page

The unemployment rate jumped to 6.1 percent in August, the highest level since September of 2003. The establishment survey showed the economy losing another 84,000 jobs in August. With downward revisions to data for the prior two months, the econo...

Znet Article Baker: The Housing Bubble Villains Deny Responsibility

Znet Article, August, 28 2008 Dean Baker
Baker's ZSpace page

The central bankers of the world gathered last weekend for their annual meeting at Jackson Hole, Wyoming. This was an opportunity to talk about the major issues confronting the world economy, as well as an opportunity to spend some time in a very ...

Znet Article Baker: Let's Get Down To Gas Tax Cracking Down On Oil Speculation Could Prove Tricky

Znet Article, August, 18 2008 Dean Baker
Baker's ZSpace page

Many members of Congress and other political leaders have been bellowing against speculators who they blame for the high price of oil and petrol. According to their story, speculation is the main factor behind the run-up that pushed the price of o...

Znet Article Baker: Pay-As-You-Drive Insurance Comes to Brookings

Znet Article, August, 11 2008 Dean Baker
Baker's ZSpace page

Many of the ways to reduce greenhouse gas emissions will require major changes in behavior and/or impose serious costs. However, there is one mechanism that could lead to substantial reductions in emission with no cost: pay-as-you-drive auto insur...

Znet Article Baker: The Compromise "Drill Anywhere" Plan

Znet Article, August, 05 2008 Dean Baker
Baker's ZSpace page

Senator McCain and the Republicans in Congress are calling Senator Obama and the Democrats environmental wimps for refusing to allow the oil industry to drill in the Arctic National Wildlife Refuge, environmentally sensitive offshore areas and any...

Znet Article Baker: After the Housing Bill: Time to Address Foreclosures

Znet Article, July, 28 2008 Dean Baker
Baker's ZSpace page

Last week Congress finally passed its long-debated housing bill. In addition to securing the multimillion-dollar salaries of the top executives of Fannie Mae and Freddie Mac, and protecting their shareholders from facing the full consequences of t...

Znet Article Baker: Vicious Ideologue Renews Attack on Social Security

Znet Article, July, 27 2008 Dean Baker
Baker's ZSpace page

Billionaire investment banker Peter Peterson is back on the warpath. He just established a new foundation with a $1 billion endowment, the main purpose of which is to cut back spending on Social Security, Medicare and Medicaid.

Znet Article Baker: Drilling Without Oil, Tax Cuts Without Growth

Znet Article, July, 16 2008 Dean Baker
Baker's ZSpace page

McCain proposed offshore drilling in environmentally sensitive areas, attempting to show he cares about lowering gas prices for everyday Americans. Despite the inability of this drilling to lower gas prices anytime soon, the media picked up on his...

Znet Article Baker: Housing Market Meltdown Causes Massive Losses

Znet Article, July, 13 2008 Dean Baker
Baker's ZSpace page

Plummeting house prices will leave millions of homeowners dependent almost exclusively on Social Security in their retirement.

Znet Article Baker: Free Trade, Why "Free" Matters

Znet Article, July, 08 2008 Dean Baker
Baker's ZSpace page

Senator McCain was in Colombia last week touting his support for the trade agreement that the Bush administration had negotiated with the country. He also touted his support for NAFTA, contrasting both positions with Senator Obama's opposition to ...

Znet Article Baker: Barack Care Versus John Care: Health Care Under the Next President

Znet Article, June, 30 2008 Dean Baker
Baker's ZSpace page

By far the most important domestic policy issue facing the next president will be fixing the health care system. The United States stands out among wealthy countries in not guaranteeing health insurance to its citizens.

Loading_border