The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they…
Posts Tagged ‘Dean Baker’
Robert Reich: “Shame Won’t Work. Only Political Muscle and Courage Will”
December 1st, 2009 |
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Obama is planning to “shame” the big banks who are not agreeing to modify mortgages.This is a repeat of Bernanke’s play book … scold the giant banks for failing to lend, but then give them a pat on the back and a wink.As Robert Reich points out:Shame…
Economist: “What Passes For Help To Homeowners In The Capitol Might Look More Like Handing Out Money To Banks Anywhere Elseâ€
November 30th, 2009 |
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PhD economist Dean Baker makes an interesting point in a new essay:The big talk in Washington these days is “helping homeowners”. Unfortunately, what passes for help to homeowners in the capitol might look more like handing out money to banks anywhere …
Can We Save America?
November 16th, 2009 |
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How come the Wall Street robber barons who brought on the financial crisis are still calling the shots and pillaging the economy?Congress is bought and paid for, and the fox is guarding the chicken coop in the Executive Branch, with Summers and Geithne…
Military Spending is INCREASING Unemployment and REDUCING Economic Growth
November 11th, 2009 |
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I have written extensively on the fact that this is not a normal cyclical recession, and we’re not in the type of “jobless recovery” which we’ve had a couple of times in the last 50 years. Unemployment will continue rising in America for some time, wh…
PhD Economists and Economic Professors Call For Protests
October 18th, 2009 |
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You know that the government and the giant banks are not being responsive to the needs of the economy and the American people when even PhD economists and economics professors are calling for protests.Indeed, many top experts and even politicians say t…
Time Magazine’s Justin Fox: “Some Financial Market Conspiracies Are Real”
October 1st, 2009 |
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Nobel prize winning economist Joseph Stiglitz says that Goldman Sachs may have engaged in frontrunning. Ask a Goldman spokesman, and he or she will undoubtedly say that is a conspiracy theory.Indeed, when Matt Taibbi claimed that Goldman created…
PhD Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing Life Savings and More than $6 Trillion in Lost Output
July 30th, 2009 |
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In endorsing the bill to audit the Fed, PhD economist Dean Baker wrote last week:The country now has almost 25 million people who are unemployed or underemployed as a result of the Fed’s disastrous policies. Millions of people are losing their homes an…
Geithner Has Tough Task In Marketing US Debt
July 20th, 2009 |
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WASHINGTON — Timothy Geithner, architect of bank, auto and economic rescue plans, has another high-stakes job these days: traveling bond salesman.
The recession, financial crisis and two wars have pushed the federal deficit above $1 tri…