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The Supercommittee Was Considering "Cuts" to Social Security and Medicare, not "Changes"Dean Baker / November 21, 2011
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Laying Off Government Workers in the Middle of a Recession Costs JobsDean Baker / November 21, 2011
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When it Comes to Doctors and the Health Care Industry, the NYT is Staunchly ProtectionistDean Baker / November 21, 2011
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Does the NYT Find It Stimulating to Hear Politicians Talk About "Job-Killing" Regulations and Taxes?Dean Baker / November 20, 2011
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Supercommittee Democrats Insist on Not Giving Republicans EverythingDean Baker / November 19, 2011
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Labor Market Policy Research Reports, Nov. 14 – 18, 2011CEPR and / November 18, 2011
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Latin America and the Caribbean
Honduras Needs Help from the SouthMark Weisbrot / November 18, 2011
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Representative Ryan Tries the Old Generational War Trick to Divert Attention from His Side's Class WarHouse Budget Committee Chairman Paul Ryan drafted a response to the Congressional Budget Office's recent study on inequality. This piece pulls out all the usual tricks. Most notably it:
a) argues that we should be focused on growth rather than inequality, failing to note that the U.S. economy is doing poorly by this metric also;
b) challenges the data showing growing inequality by saying the government data are wrong;
c) tries to divert attention to Medicare and Social Security raising the banner of generational war; and
d) ignores all the ways in which deliberate government policy has been responsible for the upward redistribution of income over the last three decades.
Representative Ryan's first summary bullet point is:
"The question for policymakers is not how best to redistribute a shrinking economic pie. The focus ought to be on increasing living standards, expanding the pie of economic opportunity, and promoting upward mobility for all."
That sounds great, except the last three decades have not only been a period of rising inequality, they also have been a period of slower growth. According to the Commerce Department, in the 32 years from 1947 to 1979, when most of the population shared the gains from growth, per capita income rose at average annual rate of 2.6 percent. In the 31 years from 1979 to 2010, when most of the gains have gone to the top, growth in per capita income has averaged just 1.8 percent.
CEPR / November 18, 2011
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Washington Post Has a Reasonable Piece on SupercommitteeDean Baker / November 18, 2011
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NYT Puts Editorial on Deficit Reduction in News PagesDean Baker / November 18, 2011
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John Cassidy Still Has Not Heard About the Housing BubbleDean Baker / November 18, 2011
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Regroup, Re-strategize, React: The Two-Month Anniversary of #OWSThe birthplace of the Occupy Wall Street movement was raided and dismantled early Tuesday morning. At 1 a.m., NYPD in riot gear entered Zuccotti Park with an eviction notice in hand, telling protestors they needed to clear the park immediately but temporarily, for cleaning. The protestors resisted eviction, and close to 250 arrests were made (including reporters and a NYC Councilman). The camp’s belongings were seized, including the #OWS library. Unfortunately, most of the library’s possessions are missing or damaged.
Tuesday night, protestors were allowed back into the park after the clearing and cleaning of the grounds. However, few protestors returned. Occupying Zuccotti Park is now prohibited along with tents, generators, and large bags. With these new rules, there is no way Zuccotti Park can transform back into the mini-city of the 99 percent.
CEPR and / November 17, 2011
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Will the Euro be Destroyed by Ideologues?Dean Baker / November 17, 2011
report informe
Politics Matter: Changes in Unionization Rates in Rich Countries, 1960-2010John Schmitt and / November 17, 2011
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George Will Says the 1990 Budget deal Caused the Recession That Started Four Months EarlierDean Baker / November 17, 2011
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Unauthorized Copies Are Not "Pirated" Just Because Microsoft Says ItDean Baker / November 17, 2011
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Will Cutting Social Security and Medicare Help Congressional Approval Ratings?Dean Baker / November 17, 2011
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The NYT Gets the Story Wrong on College Grads Returning HomeDean Baker / November 17, 2011