Well done Simon Johnson!

This article articulates clearly the very short-sighted and dangerous strategy beautifully orchestrated by the Bush administration and it’s accomplice oligarchy. Increased homeownership and consumer debt yields a captive American mainstream subject to unrestrained fees, penalties, advertising and predatory products.

What is completely amazing to me, is that the same people crushed by mortgage debt and finding themselves without work are against “health care reform”. Health care reform is a much needed attempt at wealth-movement against the stream that has been so carefully constructed in the last 15 years.

Like the businesses they run, the corporate oligarchy will continue to exploit the resources of this country until they are depleted and have the potential to become unprofitable. Then they will shift business to more profitable environments. It’s terrifying.