Dean Baker

President Obama's agreement with the drug industry to abandon negotiated Medicare drug prices for $80 billion in poorly specified savings, sounds like really bad deal.

President Obama wants a commission of medical experts to decide which treatments will be covered by Medicare. If we trust such a commission to make these choices for people receiving Medicare, why not trust them to make these choices for everyone?

The experts who claim to speak for financial markets are like mediums who claim to speak for the dead, except they have less credibility.

The media continue to rely almost exclusively on economists whose major qualifications are that they missed the housing bubble and then underestimated the severity of the downturn.

Iraq War levels of military spending will lead to far more job loss than Waxman-Markey, but for some reason the opponents of Waxman-Markey don't seem to care about military spending.

National Public Radio has joined the lobbying campaign in support of IMF bailout money.

Economists missed an $8 trillion housing bubble. But now they can do the right thing by supporting a third stimulus.

Those pushing for a "systematic risk regulator" imply that this crisis was hard to see. It wasn't. The housing bubble was obvious for anyone who cared to look.

The Fiat-Chrysler deal shows that the pay problem is at the top, not the bottom.

Treasury Secretary Timothy Geithner wants to hand hundreds of billions of dollars to the banks. He says that we have no alternative, but for the cost of a few AIG bonuses, Congress could get a second opinion.