Dean Baker

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Wednesday, October 18, 2017
Democrats Used to Be the Party of Slavery: Doug Schoen Pushes the Case for Keeping the Democratic Party Allied with Wall Street
Doug Schoen, a former consultant to Bill Clinton, argued the case that the Democrats should keep their ties to Wall Street in a NYT column this morning. While he does advance his argument with some red-baiting and bad logic, he uses tradition as a starting point. "Many of the most prominent voices...
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Monday, August 28, 2017
Houston, Bangladesh, and Global Warming
We are seeing many terrible pictures from Houston as a result of Hurricane Harvey. People with young children and pets are wading through high water in the hope of being rescued by boat or helicopter. Elderly people in nursing homes are sitting in waist high water waiting to be rescued. It's a...
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Yes, I know the political argument, which seemed to arise late in the game, that US standing in the world has collapsed because we didn’t follow through on the TPP. But let’s just stick with the economics. Views
Friday, August 11, 2017
Do Corporate Media Need to Lie to Promote Trade Deals?
I understand people can have reasonable differences of opinion on trade deals like the Trans-Pacific Partnership (TPP), but why is it that the proponents have to insist, with zero evidence, that not doing the deal was an economic disaster? Yes, I know the political argument, which seemed to arise...
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Monday, July 10, 2017
Paul Ryan Hates the Idea of a Free Market in Health Care, He Wants to Give Money to Rich People
The NYT is again spreading the absurd myth that Paul Ryan and other Republicans want a free market in health care. While it is very helpful to the Republicans to imply that they are trying to advance some grand principle, as opposed to just giving money to rich people, it is a lie on a par with...
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Monday, May 29, 2017
Republicans Are Only Opposed to Redistribution that Goes Downward
Matt O'Brien's Wonkblog piece might have misled readers on Republicans views on the role of government. O'Brien argued that the reason that the Republicans have such a hard time designing a workable health care plan is: "Republicans are philosophically opposed to redistribution, but health care is...
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Thursday, May 25, 2017
Deficit Scare Tactics Are What Citizens Should Really Be Afraid Of
The New York Times ( 5/23/17 ) ran a column by Maya MacGuineas, the president of the Peter Peterson –backed Committee for a Responsible Federal Budget. The piece begins with the ominous announcement: President Trump entered office facing the worst ratio of debt to gross domestic product of any new...
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Monday, May 15, 2017
WaPo Columnist Condemning Sanders' Drug Importation Bill Doesn't Realize Canada Can Expand Its Regulatory Agency
The Washington Post ran a column by Leona Aglukkaq, a former member of Canada's House of Commons and Canadian health minister, which complained that Senator Bernie Sanders proposal to allow mass importation of drugs from Canada would overburden the country's regulatory agency. As the piece tells...
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Tuesday, May 09, 2017
Financial Transactions Taxes: Job Killing Robots for the Wall Street Hedge Fund Crew
Last week, Representative Peter DeFazio reintroduced his financial transactions tax (FTT) proposal . The bill would impose a tax 0.03 percent on trades of stock, bonds, options, and other derivative instruments. (That's 3 cents on $100 of trades.) This can be thought of as the equivalent of a sales...
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Wednesday, April 26, 2017
Donald Trump's Big Tax Cut... For Himself
According to press accounts, Donald Trump seems prepared to put out a tax cut proposal that could net him hundreds of millions of dollars over the next decade. It probably won't do much to help the rest of us, but folks who were worried about whether President Trump would be able to pay off his...
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Tuesday, April 25, 2017
President Trump’s Dramatic Retreat on Trade
Trade was a major theme in President Trump’s campaign. He repeatedly complained that our trade negotiators were stupid and therefore had negotiated bad trade agreements. These bad trade deals are the cause of our trade deficits, which have cost us millions of manufacturing jobs over the last two...
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