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Elon Musk Brings 4th Quarter GDP Growth to a Crawl

Article Dean Baker’s Beat the Press

Elon Musk Brings 4th Quarter GDP Growth to a Crawl

Q4 GDP disappointed as sharp federal spending cuts and weak investment outweighed consumption growth driven largely by rising health care costs.

By Dean Baker

Elon Musk speaking at the 2025 Conservative Political Action Conference (CPAC) at the Gaylord National Resort & Convention Center in National Harbor, Maryland. Photo: Gage Skidmore
Wrecking the Economy to Destroy the Planet

Article Dean Baker’s Beat the Press

Wrecking the Economy to Destroy the Planet

Clean energy is already cheaper and getting cheaper, yet Donald Trump’s fossil fuel push locks the US into higher energy costs and climate damage.

By Dean Baker

A worker, wearing an orange safety vest and helmet, crouches on a roof, installing solar panels under a clear blue sky. The scene conveys innovation and sustainability.
Jesse Jackson: A Tribute

Article Dean Baker’s Beat the Press

Jesse Jackson: A Tribute

Jesse Jackson helped transform American politics by expanding representation, legitimizing multiracial coalitions, and paving the way for future leaders.

By Dean Baker

Affordability and Health Care Costs

Article Dean Baker’s Beat the Press

Affordability and Health Care Costs

By failing to capture higher deductibles, copays, and other out-of-pocket medical expenses, the CPI likely overstates real wage growth and helps explain why many households feel worse off despite strong wage data.

By Dean Baker

A caregiver in blue scrubs assists an elderly man in a wheelchair.
RFK Jr.’s Job Performance: Lies That Take Lives

Article Dean Baker’s Beat the Press

RFK Jr.’s Job Performance: Lies That Take Lives

While routine dishonesty defines the Trump administration, Robert F. Kennedy, Jr. stands out for spreading baseless vaccine lies that are reviving measles and putting children’s lives at risk under Donald Trump.

By Dean Baker

A person in a white lab coat stands with their arms crossed, holding a red stethoscope in one hand, representing the fight over private equity and health inequity.
More Thoughts on the Jobs Report

Article Dean Baker’s Beat the Press

More Thoughts on the Jobs Report

January’s jobs numbers beat expectations, but deeper analysis suggests caution.

By Dean Baker

Jobs Day Eve

Article Dean Baker’s Beat the Press

Jobs Day Eve

Manufacturing employment is falling, wage growth is weakening, and several labor market indicators point to growing economic strain.

By Dean Baker

Close-up image of a stethoscope placed on top of a newspaper. The headline UNEMPLOYMENT is prominently displayed in bold red and white letters. Above it, the words JOB MARKET and parts of an unemployment report are visible, suggesting a focus on economic and health issues.
The Dollar is a Reserve Currency, not the Reserve Currency

Article Dean Baker’s Beat the Press

The Dollar is a Reserve Currency, not the Reserve Currency

The dollar’s potential decline is not a crisis, as multiple currencies serve as reserves, and its value is primarily influenced by investor confidence rather than its role in global trade.

By Dean Baker

PREVIEW: What to Look for In the Second Quarter 2024 GDP Report. A close-up of several one hundred dollar bills, focusing on the detailed design and numerals. The bills are slightly fanned out, with the prominent