Dean Baker

The reporting on the U.S.-China relationship is approaching the absurd. The NYT tells readers that: “Analysts said the United States seemed eager to play down areas of friction like China’s currency policy, in part because the Obama administration does not want to antagonize Beijing, its largest foreign creditor, when Washington is running a yawning deficit.” […]

Readers might be wondering that after hearing the pharmaceutical industry is pledging itself to $80 billion in savings on drug prices over the next decade. According to the Centers for Medicare and Medicare Services the country will spend more than $3.5 trillion on drugs over the next decade. This means that the drug industry’s offer […]

The Washington Post told us in reference to the debate over the health care bill that: “most troubling in the short term is how few in the caucus of 256 House Democrats understand the emerging 1,000-page bill.” It doesn’t tell us who this is “most troubling” to. Some of us might find it more troubling […]

At a time when even Fed Chairman Ben Bernanke predicts that unemployment will cross 10 percent (he has consistently underestimated the severity of the downturn) does it make sense for him to be warning the public that: “you get much better results,” when the Fed operates without congressional oversight? The Fed’s failed monetary policy brought […]

Morning Edition had another segment misinforming listeners about China’s relation with the United States. After first telling listeners that China deliberately keeps down the value of its currency in order to maintain its export market in the United States, NPR said that re-valuing the yuan was unlikely to be a top priority in negotiations, since […]

It seems not. The paper had two major front page stories discussing health care costs and the issue never once came up. This is rather striking since they are an obvious source of both high prices and bad medicine. We are projected to spend more than $250 billion a year on prescription drugs this year. […]

That of course is fine, but it is a bit painful that the NYT gives him a column to lecture the rest of us on how things would have been different in 2005 if the Fed had been given the title of “systemic risk regulator.” Blinder says: “Suppose such a regulator had been in place […]

That’s what the NYT told readers. Of course the economy was in recession for the last one and a half years of their college career and it was still recovering from the last recession in the first year. With employment rates low and wages stagnant, it was not a very good four years by most […]

It seems to assume that we all understand that this is bad. It sounds good to me. It means less crowding and less pollution. I guess they haven’t heard of global warming at the NYT. –Dean Baker

Actually, the Post’s editorial writers probably did not know that this is what they argued in their editorial trashing the bill, but it is what they said. The Post warned readers that the bill: “would destroy financial markets’ faith in the Fed and, by extension, the value of the U.S. dollar.” Of course the only […]