Here Comes Trouble: Stories from My Life

"Outstanding…Moore Triumphs! Publishers Weekly

Open Mike

Blogger Profile: Dean Baker

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, DC. He writes a weekly column for the Guardian Unlimited (UK), and his blog, Beat the Press, features commentary on economic reporting. His analyses have appeared in many major publications, including the Atlantic Monthly, the Washington Post, the London Financial Times, and the New York Daily News. He received his Ph.D in economics from the University of Michigan.

Baker is author of many books, including Plunder and Blunder: The Rise and Fall of the Bubble Economy (Polipoint Press, 2009); The United States Since 1980 (Cambridge University Press, 2007); and The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer (Center for Economic and Policy Research, 2006).

Dean Baker's Blogs

First Page 3 of 6 Last

Dean Baker

Co-Director, CEPR

August 23rd, 2011

Why Is President Obama So Anxious to Cut Social Security?

On his tour of the Midwest last week, President Obama again indicated his interest in cutting Social Security. He repeated a proposal that his administration first put forward in the debt ceiling negotiations: he wants to cut the annual cost of living adjustment by 0.3 percentage points. This cut may ... continue reading

Dean Baker

Co-Director, CEPR

August 18th, 2011

John Kerry, the Lazy Senator Who Would Not Learn

Senator John Kerry, along with the two other Democratic senators appointed to the "Super Committee", had a column in the Wall Street Journal yesterday on their approach to the committee's work. This piece is infuriating for its empty platitudes and the refusal to acknowledge economic reality. In just 700 words ... continue reading

Dean Baker

Co-Director, CEPR

August 15th, 2011

President Obama's re-election economic policy

A front page story in Sunday's New York Times gave the country the bad news. President Obama is no longer paying attention to economists and economics in designing economic policy. Instead, he will do what his campaign people tell him will get him re-elected, presumably by getting lots of money ... continue reading

Dean Baker

Co-Director, CEPR

August 9th, 2011

The Economic Illiterates Step Up the Attack on Social Security and Medicare

Standard & Poor's (S&P) downgrade of US debt should be seen as the joke it is. The rating agency, which gave investment grade ratings to hundreds of billions of dollars of subprime mortgage-backed securities, made an accounting error of $2 trillion in doing its assessment of the US financial situation. ... continue reading

Dean Baker

Co-Director, CEPR

August 6th, 2011

How to Think About Standard and Poor's Downgrade

Standard and Poor's downgrade of U.S. government debt captured headlines across the country and around the world. It is a newsworthy event, but primarily as another colossal failure by a major credit rating agency. First, it is worth mentioning the important background here. S&P, along with the other credit rating ... continue reading

Dean Baker

Co-Director, CEPR

August 3rd, 2011

US debt deal: how Washington lost the plot

President Obama and the Republicans in Congress have finally worked out a deal over the debt ceiling. It appears as though the Republicans got most of what they wanted: big cuts to domestic spending and no tax increases. On the plus side, social security and Medicaid appear to be largely ... continue reading

Dean Baker

Co-Director, CEPR

August 1st, 2011

Will the US Credit Rating Be Downgraded?

As we get the final details of the debt ceiling deal between President Obama and Congress, we still have to wait for the verdict of the credit rating agencies. Will they give us the thumbs up or will they tell Congress that it has to take even more money from ... continue reading

Dean Baker

Co-Director, CEPR

July 28th, 2011

President Obama Doesn't Understand the Origins of the Deficit

That is what he told the country in his address on Monday night. President Obama described a situation in which the government had been perpetually running large deficits since President Clinton left office. The deficit increased even more as a result of the recession. For the last decade, we have ... continue reading

Dean Baker

Co-Director, CEPR

July 21st, 2011

The Drive to Cut Social Security: Why Are the Gang of Six Scared of Information?

A central theme of the Gang of Six's deficit reduction crusade is lowering the annual cost of living for Social Security. They propose to change the formula so that the annual adjustment would be 0.3 percentage points lower than would otherwise be the case. This cut will add up through ... continue reading

Dean Baker

Co-Director, CEPR

July 17th, 2011

Wall Street will not let Republicans pull the debt ceiling trigger

The tension is building in the budget talks as the calendar closes in on the August 2 drop-dead date. According to Treasury Secretary Geithner, this is the date where the government would no longer have the money to pay its bills and a default on the debt would be looming. ... continue reading

Dean Baker

Co-Director, CEPR

July 12th, 2011

Budget Blowhards: Why the Budget Debate Is Destined to Become Ever More Painful

There are few exercises more entertaining than ridiculing the nonsense that comes out of the mouths of leaders in Washington. The great part is that this is completely bipartisan. Neither party has a monopoly on solemnly stated absurdities. And of course we never have to worry about running out of ... continue reading

Dean Baker

Co-Director, CEPR

July 11th, 2011

Manufacturing deficit fear

The conventional wisdom among the current generation of school reformers is that bad teachers are to blame for the failure of many of our children to learn. Applying this logic to the current debates over the budget and the economy, we should be pointing a big finger of blame at ... continue reading

Dean Baker

Co-Director, CEPR

July 6th, 2011

Economists: laissez-faire or plain lazy?

Two prominent medical researchers reviewed hundreds of thousands of records on infant and childhood mortality dating back over the last eight centuries. They discovered that over the vast majority of this 800-year period, only around half of newborns survived to adulthood; they concluded that we should not expect our children ... continue reading

Dean Baker

Co-Director, CEPR

July 5th, 2011

Saving Social Security From Its Saviors

As a result of the collapse of the housing bubble and the resulting economic downturn, Social Security is more important than ever. Already, two thirds of people age 65 rely on it for more than half their income. With traditional pensions disappearing and many near retirees losing much or all ... continue reading

Dean Baker

Co-Director, CEPR

July 1st, 2011

How to make short work of unemployment

Washington always does a superb job of focusing intently on problems that are of little importance. The current, end-of-the-world debt/deficit negotiations is a great case in point. President Obama and the Republican congressional leadership are heatedly negotiating a deal on the deficit that has almost nothing to do with the ... continue reading

Dean Baker

Co-Director, CEPR

June 27th, 2011

Right to Rent: Will the Obama Administration Finally Fix Housing?

The concept of "right to rent" has been floating around Washington for almost four years. Under this proposal , foreclosed homeowners would be allowed to remain in their house as renters paying the market rent, for a substantial period of time (e.g. five years) following a foreclosure. While several bills ... continue reading

Dean Baker

Co-Director, CEPR

June 21st, 2011

The Endgame on the Debt Ceiling

As we know, President Obama and his team do not appear to be very effective negotiators when it comes to dealing with the Republicans in Congress. Last December, the Republicans forced the president to renew the Bush tax cuts for the rich. More recently, they got him to make $38 ... continue reading

Dean Baker

Co-Director, CEPR

June 10th, 2011

The faith-based economics of deficit reduction

Sometimes, it can be fun to get inside a crazy worldview to ask how it deals with contradictory evidence. For example, how do creationists reconcile their view that all plants and animals were created in their current form around 10,000 years ago, with fossil evidence of life forms dating back ... continue reading

Dean Baker

Co-Director, CEPR

June 7th, 2011

Political Advice to Republicans on Medicare

The Republicans are very upset that their vote for Representative Ryan's plan to end Medicare is being used against them. The loss of an upstate New York congressional seat that they held for 50 years was quite a shock. Furthermore, groups are already using this vote in attack ads around ... continue reading

Dean Baker

Co-Director, CEPR

June 2nd, 2011

Bernie Sanders Tries Some Clear Thinking on Prescription Drugs

Drugs are cheap. There are few drugs that would sell for more than $5-$10 a prescription in a free market. However, many drugs in the United States sell for hundreds of dollars per prescription and sometimes several thousand dollars per prescription. There is a simple reason for this fact: government-granted ... continue reading

Dean Baker

Co-Director, CEPR

June 1st, 2011

The Beatification of Senator Simpson

Former Wyoming Senator Alan Simpson has been a holy terror ever since he was appointed by President Obama to co-chair his deficit commission last year. With equal fervor he has attacked both his opponents and the basic facts surrounding the budget in general and Social Security in particular. Ordinarily, either ... continue reading

Dean Baker

Co-Director, CEPR

May 23rd, 2011

Wall Street Banker Peter Peterson and the Deficit Ostriches

Last spring, Wall Street investment banker Peter Peterson hosted a lavish, daylong conference devoted to the budget deficit. One of the highlights was an appearance by President Clinton. Clinton boasted of how he had wanted to cut Social Security back in the mid-90s but Congressional leaders from both parties wouldn't ... continue reading

Dean Baker

Co-Director, CEPR

May 16th, 2011

The Good News and the Bad News in the Social Security Trustees' Report

There was both good news and bad news in the Social Security trustees' report released last week. The bad news is that the program is projected to cost somewhat more in the latest report than in the 2010 report. As a result, its projected 75-year shortfall was increased by 0.3 ... continue reading

Dean Baker

Co-Director, CEPR

May 10th, 2011

The Big Retailers Versus the Big Banks: It Makes a Big Difference

The battle of the "swipe fees" has been hard to miss the last few weeks. The big banks are spending millions of dollars on TV, radio and Internet ads telling us that the government should not limit the fees that they charge on debit cards transactions. On the other side, ... continue reading

Dean Baker

Co-Director, CEPR

May 3rd, 2011

Why Does Senator McCaskill Want to Bankrupt Our Children?

That is what people should be asking Missouri Senator Claire McCaskill along with her fellow senators who are advocated strict caps on government spending. The idea being pushed by Senator McCaskill, together with Tennessee Senator Bob Corker and several other prominent senators, would limit federal spending to 20.6 percent of ... continue reading

First Page 3 of 6 Last

If you have a moment today, I hope you can read the obituary for my father Francis (Frank) Moore, who died this past Saturday at the age of 92: Francis...

Apr 22nd
6:33 PM
Read More

My father, Francis (Frank) Moore, passed away this morning a few months shy if his 93rd birthday. He was a great dad I am blessed to have had him in my life. I...

Apr 20th
2:58 AM
Read More

Time to put the cuffs on Chris Christie -- not for the bridge scandal, but for this: Chris Christie's $300m pension proposal broke state anti-corruption...

Apr 18th
7:31 PM
Read More

George W. Bush Debuts New Paintings Of Dogs, Friends, Ghost Of Iraqi Child That Follows Him... www.theonion.com President Bush has a new hobby -- painting! --...

Apr 17th
7:28 PM
Read More

Big new story from David Sirota and Pando on top Christie adviser and appearance of corruption at New Jersey's pension fund: REVEALED: Gov....

Apr 17th
12:41 PM
Read More

FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States www.theonion.com WASHINGTON—The FBI announced today that it has uncovered a...

Apr 15th
3:28 PM
Read More

Revealed: Rahm Emanuel's top donor bought stock in Marriott just before it was awarded huge contract pando.com As schools are closed and pensions cut,...

Apr 9th
2:00 PM
Read More

I'll be at First Time Fest today in New York City at the screening of my first film, Roger & Me. Loews Village 7 at 12:30 pm. Come see it on the big...

Apr 5th
9:48 AM
Read More

Revealed: Rahm Emanuel cuts public pensions, diverts money to benefit campaign donors pando.com If you've read the financial news out of Chicago the last...

Apr 4th
2:19 PM
Read More

Please take a moment today to think of Casey Austin Sheehan, son of Cindy and Patrick, who was murdered by U.S. foreign policy in Sadr City, Baghdad ten years...

Apr 4th
2:00 PM
Read More

ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
7:38 PM
Read More

I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence Prevention...

Apr 2nd
8:27 PM
Read More

I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested...

Apr 1st
3:55 PM
Read More

How Long Some in the US Will Survive Under New Health Law ...by Donna Smith www.michaelmoore.com Those who must access care to live and can afford it are not...

Mar 31st
10:13 PM
Read More

Last night, The Good Wife on the East Coast started 40 minutes late due to the overrun of the NCAA basketball game. If you had your DVR set for the show, you...

Mar 24th
5:41 PM
Read More

Watching films today, looking for the ones I'm going to pick for my film festival this summer. I (and a whole bunch of others!) have this thing we put on...

Mar 23rd
4:48 PM
Read More

When the U.S. Health Care System Keeps Killing, Who Cares Enough to Fight? ...by Donna Smith www.michaelmoore.com We have largely forgotten that people are at...

Mar 21st
5:56 PM
Read More

Tell the White House not to give up on Dr. Vivek Murthy's nomination as Surgeon General despite the ferocious opposition from the NRA: Don't give...

Mar 21st
5:38 PM
Read More

This criminal would never see a jail cell, nor would his cronies. In fact, they'd later be rewarded with re-election: Presidential Address on War with...

Mar 19th
9:40 PM
Read More

The crime of the century -- our invasion & slaughter in Iraq -- started 11 years ago tonite in this 7pm (ET) hour, March 19th, 2003: CNN Coverage of...

Mar 19th
9:08 PM
Read More

Washington’s Back-to-the-Future Military Policies in Africa ...by Nick Turse www.michaelmoore.com Nick Turse is an award-winning journalist, historian,...

Mar 17th
4:59 PM
Read More

"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko'

Mar 14th
10:07 AM
Read More

RIP Tony Benn, one of the UK's greatest leaders: Tony Benn, veteran Labour politician, dies aged 88 www.theguardian.com Former cabinet minister died at...

Mar 14th
9:53 AM
Read More

Please read this important story from K. Ford K.: Am I the Face of the New American Middle Class? www.huffingtonpost.com I began to feel I had slipped so low...

Mar 13th
2:24 PM
Read More

Yesterday Dianne Feinstein revealed that the CIA has been spying on the Senate Intelligence Committee. This is all about the report the committee has produced...

Mar 12th
6:48 PM
Read More

Health Care for All Colorado has brought Mercy Killers, a show written and performed by Michael Milligan about our murderous for-profit healthcare system, to...

Mar 10th
1:08 PM
Read More

Health Care Dramas that Sting and Why We Have to Watch ...by Donna Smith www.michaelmoore.com The realities Milligan has written into the show cut deep into...

Mar 10th
1:02 PM
Read More

Did you know the Lehrer Newshour on PBS has been produced for 20 years by a company owned by conservative cable billionaire John Malone? Me neither. After...

Mar 7th
8:39 PM
Read More

Mr. Obama, if int’l law is so damn crucial . . . | RootsAction.org act.rootsaction.org The Russian intervention deserves criticism. But let’s be clear. The...

Mar 6th
1:21 PM
Read More

Subscribe to Mike's Blog RSS

Click here to suggest an article

Open Mike

See More Blogs

Vew the archives

View older articles