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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

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Dean Baker

Co-Director, CEPR

November 10th, 2010

The Wall Street TARP Gang Wants to Take Away Your Social Security

Just over two years ago, the Wall Streeters were running around Congress and the media saying that if they don't immediately get $700 billion the world will end. Since they own large chunks of both, they quickly got their money. Even more important than the hundreds of billions of loans ... continue reading

Dean Baker

Co-Director, CEPR

October 23rd, 2010

The DeFazio Congressional Race: Stop Wall Street Before It Kills Again

After wrecking the economy and putting themselves at the edge of bankruptcy, the Wall Street gang had a few bad months. But now that profits and bonuses are again at record highs, they are back on the offensive. With their bank accounts overflowing and Congress now officially up for sale ... continue reading

Dean Baker

Co-Director, CEPR

October 20th, 2010

Timothy Geithner forecloses on the moratorium debate

Treasury Secretary Timothy Geithner is good at telling fairy tales. Geithner first became known to the general public in September of 2008. Back then, he was head of the New York Federal Reserve Board. He was part of the triumvirate, along with Federal Reserve Board chairman Ben Bernanke and then ... continue reading

Dean Baker

Co-Director, CEPR

October 18th, 2010

Foreclosure Moratorium: Cracking Down on Liar Liens

As we all know, there is a major philosophical divide in US politics. On the one hand, there are those who think it is the role of government to help ensure that the vast majority of the population can enjoy a decent standard of living. On the other side are ... continue reading

Dean Baker

Co-Director, CEPR

September 29th, 2010

Foreclosure Funny Business

Virtually everyone has had the experience of being forced to pay a late fee or a bank penalty because of some fine-print provision that we overlooked. Sometimes, begging by good customers can win forbearance, but usually we are held to the written terms of the contract, no matter how buried ... continue reading

Dean Baker

Co-Director, CEPR

September 21st, 2010

The Terrible Tale of the TARP Two Years Later

Two years ago, the top honchos at the Fed, Treasury and the Wall Street banks were running around like Chicken Little warning that the world was about to end. This fear mongering, together with a big assist from the elite media (i.e. NPR, the Washington Post, the Wall Street Journal, ... continue reading

Dean Baker

Co-Director, CEPR

September 2nd, 2010

Senator Simpson's Quick Budget Quiz

President Obama is apparently content to have an abrasive and abusive senator's son sit as co-chairman of his deficit commission. We can assume that these traits were a direct result of Sen. Alan Simpson's privileged upbringing and he is not going to change now that he is in his late ... continue reading

Dean Baker

Co-Director, CEPR

August 26th, 2010

Senator Simpson: He's Not Just Offensive, He's Ignorant

Former Wyoming Senator Alan Simpson, the co-chairman of President Obama's deficit commission, has sparked calls for his resignation after sending an offensive and sexist note to Ashley Carson, the executive director of the Older Women's League. While such calls are reasonable -- Simpson's comments were certainly more offensive than remarks ... continue reading

Dean Baker

Co-Director, CEPR

August 23rd, 2010

Social Security: The Republicans Are Right

President Obama comments on Social Security privatization in the last week sound like something that he stole from the playbook of the last Democrat in the White House. Just as President Clinton tried to tell us that the veracity of one of his statements on the Lewinski affair depended on ... continue reading

Dean Baker

Co-Director, CEPR

August 20th, 2010

When Wall Street Rules, We Get Wall Street Rules

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 employed are unlikely to see any substantial wage gains ... continue reading

Dean Baker

Co-Director, CEPR

August 16th, 2010

Ben Bernanke: Wall Street's Servant

Last week, the Fed announced that it would use the proceeds from retired mortgage-backed securities to buy up more government bonds. This may have a very modest effect in keeping long-term interest rates low, thereby giving a small boost to the economy.Such a measure would be reasonable if the economy ... continue reading

Dean Baker

Co-Director, CEPR

July 31st, 2010

The Lights are Out in Washington

I was late with my column this morning. It was the first time that I missed a deadline since I started college. This made me angry, not just because I hated to see a 34-year-streak end, but more importantly because of the reason I was late. Sunday afternoon a storm ... continue reading

Dean Baker

Co-Director, CEPR

July 27th, 2010

The Budget Deficit Chicken Hawks

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. Former Vice-President Dick Cheney and former President George ... continue reading

Dean Baker

Co-Director, CEPR

July 25th, 2010

Never Mind: America Speaks Again

Yes Saturday Night Live fans, Emily Litella is back! For those too young or too old to remember, Emily Litella was the frumpy commentator on Saturday Night Live's "Weekend Update." She would invariably go into a tirade over some misunderstood word or phrase. Ms. Litella would then be corrected by ... continue reading

Dean Baker

Co-Director, CEPR

July 20th, 2010

The Senators Who Gave Us 15 Million Unemployed Want to Deny Them Benefits

It is amazing how people in Washington are so forgiving -- of each other. We have close to 15 million people unemployed and more than 8 million people under-employed because the folks managing our economy were incompetent. In spite of the efforts of economists and policy types to portray the ... continue reading

Dean Baker

Co-Director, CEPR

July 12th, 2010

The Attack of the Real Black Helicopter Gang: The IMF Is Coming for Your Social Security

A few years back, there was a fear in some parts about black UN helicopters that were supposedly taking part in the planning of an invasion of the United States. While there was no foundation for this fear, there is basis for concern about the attack of another international organization, ... continue reading

Dean Baker

Co-Director, CEPR

July 7th, 2010

Republicans: The Party of Unemployment

From now until Nov. 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 good cause, that voters will hold the Democrats responsible for ... continue reading

Dean Baker

Co-Director, CEPR

June 28th, 2010

Wall Street Congratulates Washington: A Job Well Done

New York Times columnist Thomas Friedman is well known for pretentious columns that consist of letters that he suggests some prominent person write. I licensed Friedman's literary tool in order to present the following letter from the Wall Street CEOs to the political leadership in Washington.Dear Friends:We want you know ... continue reading

Dean Baker

Co-Director, CEPR

June 28th, 2010

America Speaks Back: The Effort to Gut Social Security and Medicare Takes a Hit

The opponents of Social Security and Medicare are getting in high gear. After all, it makes perfect sense that after the collapse of a housing bubble has just destroyed the life savings of near retirees that we would cut their Social Security and Medicare. Okay, at least in Washington that ... continue reading

Dean Baker

Co-Director, CEPR

June 2nd, 2010

Representative Jason Altmire: Job Killing Deficit Hawk

Former Alaska Senator Ted Stevens was the object of considerable ridicule for his support of the infamous $400 million "Bridge to Nowhere." This played a big role in his defeat in the last election.It is appropriate that members of Congress pay a price for their support of wasteful projects that ... continue reading

Dean Baker

Co-Director, CEPR

May 27th, 2010

The Cult of Subprime Central Bankers

The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the ... continue reading

Dean Baker

Co-Director, CEPR

May 14th, 2010

Will They Get Fooled Again?

While it may not be the job of the Chairman of the Federal Reserve Board to deceive Congress to advance the interests of the big banks, apparently no one has informed Ben Bernanke of this fact. Some people may recall the role that Mr. Bernanke played in helping to get ... continue reading

Dean Baker

Co-Director, CEPR

May 7th, 2010

The Greek Crisis: Did Your Momma Tell You That?

Keynes quipped in the General Theory that the world is ruled by the ideas of long dead economists. I was reminded of this comment when I heard a member of Germany’s parliament scornfully dismiss the suggestion that the European Central Bank should target a somewhat higher rate of inflation. This ... continue reading

Dean Baker

Co-Director, CEPR

May 5th, 2010

A Presidency in Peril: Warnings from Robert Kuttner

Like most progressives, Robert Kuttner had great hopes following President Obama's election in 2008. However, Kuttner also has been around long enough to realize the risk that President Obama might not live up to his potential in bringing about progressive change. His new book, A Presidency in Peril, documents how ... continue reading

Dean Baker

Co-Director, CEPR

May 3rd, 2010

Audit the Fed: What Did They Do With Our Money?

We're entering the final innings of the debate over financial reform. There are many important issues still up in the air including whether the law will do anything to break up the big banks and prevent them from engaging in risky trading. Remarkably, the place where the Obama administration has ... continue reading

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Apr 17th
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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
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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
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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
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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
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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
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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
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ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
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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
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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
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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
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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
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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
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Mar 21st
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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
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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
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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
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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
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"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko'

Mar 14th
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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
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Mar 13th
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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
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Mar 10th
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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
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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
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Mar 6th
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Enron billionaire John Arnold thinks everyone should believe him when he says we've got to cut pensions because he's so incredibly rich: John...

Mar 5th
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More in David Sirota's continuing series on the billionaire takeover of PBS: More PBS conflict woes as activists move to eject David Koch from board of...

Mar 3rd
12:35 PM
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