32 Total Quotes

Dean Baker Quotes

It's just prudent to have a chemical safety program, ... We don't want to have a sterile leaning environment, we want kids to have a rich learning environment while keeping them safe, that's the same issue every school faces.
Dean Baker
#Environment

If Medicare could negotiate directly with drug companies it could save the federal and state governments hundred of billions of dollars and cut insurance premiums.
Dean Baker
#Billions

Until the psychology starts to shift or interest rates jump up, the market will probably stay strong, ... So far we haven't seen that. We've had a lot of stories on housing bubbles lately. Maybe that will affect the psychology.
Dean Baker
#Interest

People talk about Nixon going to China -- you had this hard-line anti communist helping build up relationships with China, I would say it was like that only 5 times as much.
Dean Baker
#Nixon

He consciously promoted the housing bubble as a way of boosting the economy.
Dean Baker
#Economy

Congress deliberately designed the bill in a way that would ensure that private insurance companies would provide the benefit instead of the Medicare administration or a single designated provider. This design both substantially increased the cost of drugs and administrative costs in addition to making the drug program much more complicated for beneficiaries.
Dean Baker
#Congress

The problem is that few people recognize it for the gamble that it is.
Dean Baker
#People

Clearly, housing is going to be a drag on the economy; the question is how much does housing slow and how quickly.
Dean Baker
#Economy

We've backed ourselves into a very dangerous situation. The economy is dependent on everyone consuming like crazy. If everyone heard my diatribe and said, 'Yeah, we better start saving,' the economy would go into a recession.
Dean Baker
#Recession #Economy

[Consumer prices are likely to catch up eventually, say economists.] I'm not a big inflation hawk, ... but consumers are almost certainly going to be paying more.
Dean Baker
#Inflation #Consumers #Economists

The biggest surprise to me has been that interest rates have stayed as low as they have as long as they have.
Dean Baker
#Surprise #Interest Rates

Normally when you talk about housing bubbles bursting, you're talking about a specific local market. But we've never had a nationwide run-up in home prices like this. I don't think it's realistic to think the decline won't also be national. I think a 15 percent nationwide decline is very plausible. In many bubble areas, could be looking at 20-25, maybe 30 percent declines.
Dean Baker
#Decline

Saving Social Security with Stock: The Promises Don't Add Up.
Dean Baker
#Stock #Social Security

I wouldn't necessarily predict this would be a trigger, but I wouldn't rule it out either. It wouldn't surprise me if you see money leaving the secondary mortgage market, leading housing prices to fall.
Dean Baker
#Money

Freddie Mac's problems might only raise mortgage rates 2/10 of 1 percent, ... But that could start a cycle of higher rates that could pop the [housing] bubble. If you hadn't had mortgage rates at historic lows, I'm certain the bubble would have burst already.
Dean Baker
#Hadn

As you get higher interest rates renting is going to look better than buying.
Dean Baker
#Interest Rates

I think their intention is to get people who are loyal and that does raise problems. It's clear that they're looking at this as a sales position.
Dean Baker
#Intention

People are willing to pay them because there is an expectation that prices will continue to rise. Once people don't have that expectation, things will change.
Dean Baker
#Expectation

It does pull a lot of money out of people's pockets. Even if it doesn't go back up much, it translates to a 50-to-60-cents-a-gallon gas tax. But for the borrowing that people were willing to do, it probably would have led to recession.
Dean Baker
#Money #Recession

The optimistic scenario gives you about 2 million jobs next year -- about 180,000 a month. If I had to make my best bet, I'd say we'll have level home prices and growth of about 1.5 percent for the year. There'll be job creation of about 80,000 or 90,000 a month.
Dean Baker
#Jobs

Hawaii's home prices suffered in the 1990s because of economic trouble in Japan, ... If home prices in California reverse, it will have ripple effects.
Dean Baker
#Japan #1990s #Hawaii

Hawaii's home prices suffered in the 1990s because of economic trouble in Japan. If home prices in California reverse, it will have ripple effects.
Dean Baker
#Japan