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Wall Street Says That a Company That Loses Billions is Worth Trillions

Article Dean Baker’s Beat the Press

Wall Street Says That a Company That Loses Billions is Worth Trillions

A venture that loses billions of dollars and is run entirely by a person who routinely says crazy things doesn’t sound like a trillion-dollar company, but Wall Street seems to think otherwise.

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
DOGE is Dead. The Damage Lives On

Article Expose the Heist: Power and Policy in Unprecedented Times

DOGE is Dead. The Damage Lives On

Elon Musk’s DOGE failed to live up to its supposed mission — and did substantial damage in the process.

By Peter Hart

A group of people standing outdoors in winter clothing, holding signs with handwritten messages. The signs contain phrases such as
The Rich Are Not Rich Enough in America

Article Expose the Heist: Power and Policy in Unprecedented Times

The Rich Are Not Rich Enough in America

The Trump administration’s economic policies deliberately shift income and power to the top 1 percent, reversing decades of progress and threatening the future of the American middle class.

By Sylvia Allegretto

A man and woman in stylish black outfits descend a private jet's stairs, smiling confidently under the sunny sky, conveying wealth and excess.
Donald Trump’s Big Tax Hike

Article Dean Baker’s Beat the Press

Donald Trump’s Big Tax Hike

Trump’s tariffs are effectively a massive, regressive tax hike on Americans, costing trillions and hitting low and middle-income households the hardest.

By Dean Baker

Donald Trump giving a thumbs up in front of an American flag being projected on a large screen.
FEMA’s Unchanged Hurricane Plan Amid Staff Cuts is a Risky Gamble

Article Expose the Heist: Power and Policy in Unprecedented Times

FEMA’s Unchanged Hurricane Plan Amid Staff Cuts is a Risky Gamble

How will government agencies gutted by Trump and DOGE respond to the immense challenges of another above-normal hurricane season? We are about to find out.

By Matt Sedlar

Blue sign reading