Dean Baker

Articles by this author

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Tuesday, March 02, 2010
Nice Work If You Can Share It
The housing bubble and subsequent crash were the result of extreme incompetence on the part of the country's top economic policymakers. Somehow these people could not see, or did not care about, the dangers of an $8tn housing bubble.
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Tuesday, February 16, 2010
Obama and the 'Savvy' Bankers
Last week, when President Obama was asked about the $9m dollar bonus for Goldman Sachs CEO Lloyd Blankfein, he described Blankfein as a savvy businessman , adding that Americans don't begrudge people being rewarded for success.
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Monday, February 01, 2010
Walking Away From Negative Equity
It is probably best to leave the gods out of discussions of economic policy, but this barrier was breached in November when the CEO of Goldman Sachs , Lloyd Blankfein, told an interviewer that Goldman Sachs was doing God's work .
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Tuesday, January 26, 2010
Don't Be Stupid with the Economy
The US Senate's decision on approving Ben Bernanke for a second term as chair of the Federal Reserve Board is coming down to the wire and the Wall Street crew is once again pulling out all the stops. To get the 60 votes they need for Senate approval they are reaching into the treasure chest of tall tales they used to push through the troubled asset relief programme (Tarp).
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Tuesday, January 19, 2010
Extend Bank Tax To Do the Business
President Obama proposed a tax on the country's largest banks to help recover the money lost under the Troubled Assets Relief Programme (Tarp).
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Monday, January 04, 2010
Hard times at the Washington Post
The Washington Post is a newspaper with a proud legacy. It has done much important reporting over the years, most famously its coverage of the Watergate scandal that resulted in the resignation of Richard Nixon. Unfortunately, it seems to have abandoned its journalistic standards .
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Monday, December 28, 2009
Christmas Presents for Bankers
On Christmas night in 1776, George Washington led a surprise attack on a group of Hessian mercenaries employed by the British to suppress the American revolution.
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Tuesday, December 08, 2009
Blame Bernanke
As the senate debates Federal Reserve chairman Ben Bernanke 's reappointment, it is striking how the media views blaming Bernanke for the Great Recession as being out of bounds. Of course Bernanke bears much of the blame for America's economic collapse.
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Tuesday, November 24, 2009
The Budget Deficit Crisis: The Blame Is Bipartisan
The country is being bombarded with stories claiming that record budget deficits threaten our children's future and jeopardize the credibility of the dollar. These stories are a serious problem -- they have hugely confused the public about the nature of the country's economic crisis. And both parties share the blame.
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Tuesday, November 10, 2009
Making Wall Street Pay
The deficit hawk crew, famous for missing the $8tn housing bubble that wrecked the economy, is now on the warpath, pressing the case for a big, new, national sales tax . They claim that the United States badly needs additional revenue to address projected budget shortfalls .
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