FDL Book Salon Welcomes Dean Baker, Getting Back To Full Employment: A Better Bargain for Working People

By: Sunday January 19, 2014 1:59 pm

In 2009 there was the Keynesian moment. With the economy shedding hundreds of thousands of jobs a month, with the financial system imploding and GDP crashing, the US government stepped in with a stimulus bill designed to get spending started, to boost the states, and to invest for the long-term. At a spending level nowhere near the challenged, President Obama still managed to oversell what it would deliver. By 2010, with unemployment still high, Democrats would silently walk away from the entire endeavour.

This lead to the counter-Keynesian assault of 2011-2012, politically lead by the Tea Party in Congress.

 

A Bad Idea Is a Bad Idea, No Matter Who Proposes It

By: Saturday April 6, 2013 5:43 pm

Let me state this right up front – Chained CPI is a bad idea. A very bad idea.

Obama Wants Cuts to Social Security

By: Friday April 5, 2013 6:05 am

President Barack Obama has once again started his negotiations by scoring into his own net. In what may be the dumbest plan yet proposed, Obama has offered cuts to Social Security hoping for a change in the Republican’s position on tax loopholes for the wealthy.

Plutocrats Misdirecting Social Security and Medicare Debate With Ageism

By: Wednesday March 6, 2013 8:10 am

You may have noticed an interesting frame the plutocrats and their spokespeople are using in the debate over reducing social security and medicare benefits – pitting the young against the old. The campaign is relentless, smearing the elderly as parasitic and stealing from the young.

Reminder: Executive Branch Can Delay Impact of Most Fiscal Slope Items

By: Wednesday November 14, 2012 8:30 am

I just want to add on to what Dean Baker says here. It’s not just that the people trying to hype the fiscal cliff as a scary, terrifying prospect shouldn’t be trusted given their track record. It’s that the short-term impact, say one month, of expiring measures really does approach zero.

The Vortex of Stupidity, Also Known as Washington, DC

By: Tuesday October 23, 2012 6:30 pm

I’m a bit surprised we don’t see more news articles like this one from the AP last Sunday (October 14) about a man attempting to rob a bank of $1 so he could be sent to a Federal Prison. How bad must it be to want to rob a bank so that you can get sent to prison? My guess is the three hots and a cot and health care sounded mighty appealing if the option was starving on the street.

Post Election Deficit Deal Threatens Medicare and Social Security

By: Sunday October 7, 2012 8:35 am

After the November election, there will be a major effort in Congress to pass a budget deal that will make cuts in Social Security, raise the Medicare and Social Security eligibility age, and perhaps more–unless we act to stop it with a solution that is close at hand.

There is agreement from the Wall Street Journal’s David Wessel to liberal economists Dean Baker and Paul Krugman that the pressure will be on to reach a Simpson/Bowles type of compromise. Such a bipartisan plan would damage our most cherished programs and excuse the dastardly deed by asserting that the cuts are small and necessary because of the deficit.

Sometimes You Just Have to Respond to the Stoopid

By: Thursday August 16, 2012 7:15 pm

I laugh when I see where someone has butt shot himself while thinking of all the “butt calls” I have received from family and friends. And I get a little sad when I see legislators in my home state embarrassing themselves with their diatribes against teaching evolution. (Note: Gravity is still considered a theory as well, maybe some of these folks complaining about teaching evolution “cuz it’s only a theory” should maybe be invited to test that gravitational theory from the top of the capital building – rhetorically speaking of course.)

But then, I wind up reading something that is so incredibly stupid and disingenuous, that I am moved to take a whack at it on my own.

Economists Try To Explain Why They Were Wrong on March Jobs Forecasts

By: Saturday April 7, 2012 4:00 pm

Once again, the economic community is scrambling to find the reasons why they were suprised by the March 2012 jobs report. The monthly report from ADP had private sector jobs at 209K increase for March 2012 which apparently led many economists to predict a similar number for the official report from the Bureau of Labor Statistics that was released on Friday.

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Upcoming FDL Book Salons

Saturday, August 30, 2014
2:00 pm Pacific
The Nixon Defense: What He Knew and When He Knew It
Chat with John Dean about his new book. Hosted by James Robenalt.

Sunday, August 31, 2014
2:00 pm Pacific
Imagine: Living In A Socialist USA
Chat with Paul LeBlanc and Dianne Feeley about the book. Hosted by Deena Stryker

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