ES EN
Menu Menú

Beat the Press

Beat the press por Dean Baker

Beat the Press is Dean Baker's commentary on economic reporting. He is a Senior Economist at the Center for Economic and Policy Research (CEPR). To never miss a post, subscribe to a weekly email roundup of Beat the Press. Please also consider supporting the blog on Patreon.

• InequalityLa Desigualdad

Cost Disease Socialism: The Niskanen Center’s Unnecessary Fight

By Dean BakerDean Baker

September 16, 2021

16 Septiembre 2021

But socialism is really not the villain. . .it’s actually regulations that restrict supply and raise costs.
But socialism is really not the villain. . .it’s actually regulations that restrict supply and raise costs.

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperación

Alternative to Mankiw’s View on Tax Incentives and Work: Maybe Europeans Want More Free Time

By Dean BakerDean Baker

September 15, 2021

15 Septiembre 2021

The European welfare states all mandate far more paid time off than the United States.
The European welfare states all mandate far more paid time off than the United States.

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperaciónIntellectual PropertyPropiedad Intelectual

Saving $3.5 Trillion on Prescription Drugs to Pay for Bernie Sanders’s Big Agenda

By Dean BakerDean Baker

September 13, 2021

13 Septiembre 2021

Arguably, the full cost of the $3.5 trillion (1.2 percent of GDP) reconciliation package could be covered by savings on prescription drugs alone.
Arguably, the full cost of the $3.5 trillion (1.2 percent of GDP) reconciliation package could be covered by savings on prescription drugs alone.

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperación

New York Times Says Republican Critics of Biden Package Are Worried it Will Lead to Lower Unemployment

By Dean BakerDean Baker

September 06, 2021

06 Septiembre 2021

Many European social democracies have consistently had lower unemployment rates than the United States.
Many European social democracies have consistently had lower unemployment rates than the United States.

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperación

The Recovery: Where Are We Now?

By Dean BakerDean Baker

September 06, 2021

06 Septiembre 2021

Workers’ prospects will be further enhanced if Biden’s bill passes since it will hugely increase the amount of security they have. 
Workers’ prospects will be further enhanced if Biden’s bill passes since it will hugely increase the amount of security they have. 

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperación

Cheap Fun Saturday: Job Growth Under Biden and Trump

By Dean BakerDean Baker

September 04, 2021

04 Septiembre 2021

The August jobs report was somewhat disappointing. The economy added only 235,000 jobs for the month, just 48,000 more than the 187,000 pre-pandemic monthly average under Trump. Seriously, most of us did expect more jobs (my number had been 500,000), but after two months where job growth averaged more than 1 million, some falloff should have been expected, even without the impact of the Delta variant.

Anyhow, it’s time to see how the economy’s job performance under Biden stacks up against its performance under Trump. As I always say, this is silly since there are so many things that are beyond the president’s control, so the comparison really is not telling us much. But, you know if the situation were reversed, Donald Trump would be touting this graph to the sky. He probably would even have a huge neon version on top of Trump Tower.

So, here’s where we stand now. Including the August number, and the 135,000 upward revision to growth for the prior two months, Biden has now created 4.5 million jobs in the first seven months of his presidency.  Trump lost 2.9 million jobs over his four years in office.

 

Source: Bureau of Labor Statistics and Author’s calculations.

The August jobs report was somewhat disappointing. The economy added only 235,000 jobs for the month, just 48,000 more than the 187,000 pre-pandemic monthly average under Trump. Seriously, most of us did expect more jobs (my number had been 500,000), but after two months where job growth averaged more than 1 million, some falloff should have been expected, even without the impact of the Delta variant.

Anyhow, it’s time to see how the economy’s job performance under Biden stacks up against its performance under Trump. As I always say, this is silly since there are so many things that are beyond the president’s control, so the comparison really is not telling us much. But, you know if the situation were reversed, Donald Trump would be touting this graph to the sky. He probably would even have a huge neon version on top of Trump Tower.

So, here’s where we stand now. Including the August number, and the 135,000 upward revision to growth for the prior two months, Biden has now created 4.5 million jobs in the first seven months of his presidency.  Trump lost 2.9 million jobs over his four years in office.

 

Source: Bureau of Labor Statistics and Author’s calculations.

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperaciónEnvironment

Debt Doesn’t Go Away Just Because Senator Manchin and Others in Washington Choose Not to Think About It

By Dean BakerDean Baker

September 02, 2021

02 Septiembre 2021

Senator Manchin wants to pretend that this climate debt does not exist. He only wants to look at the debt that comes from the government directly borrowing money.
Senator Manchin wants to pretend that this climate debt does not exist. He only wants to look at the debt that comes from the government directly borrowing money.

Read More Leer más Join the discussion Participa en la discusión

• BudgetEconomic Crisis and RecoveryCrisis económica y recuperación

The Shortage/Glut of Savings: The Which Way Is Up Problem in Economics

By Dean BakerDean Baker

September 01, 2021

01 Septiembre 2021

To my mind, this is a silly debate, starting with the idea that we should be concerned about inequalities in wealth resulting from low interest rates. That one is a bit hard for me to see.
To my mind, this is a silly debate, starting with the idea that we should be concerned about inequalities in wealth resulting from low interest rates. That one is a bit hard for me to see.

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperación

Does the New York Times Prohibit Its Reporters from Providing Context on Budget Issues?

By Dean BakerDean Baker

August 25, 2021

25 Agosto 2021

This article on the $3.5 trillion budget outline didn't mention once that the spending would be over ten years.
This article on the $3.5 trillion budget outline didn't mention once that the spending would be over ten years.

Read More Leer más Join the discussion Participa en la discusión

• Economic Crisis and RecoveryCrisis económica y recuperaciónInequalityLa DesigualdadInflation

Jerome Powell, the Fed and Regulation

By Dean BakerDean Baker

August 25, 2021

25 Agosto 2021

Having argued the case for the importance of regulating finance, let me say that I still see it as very much a secondary consideration in the selection of the Fed chair.
Having argued the case for the importance of regulating finance, let me say that I still see it as very much a secondary consideration in the selection of the Fed chair.

Read More Leer más Join the discussion Participa en la discusión

Want to search in the archives?

¿Quieres buscar en los archivos?

Click Here Haga clic aquí