The 7 Destructive Ideas at the Root of Washington's Failure

7 destructive ideas that created and are sustaining the mortgage debt mess, courtesy of Rich Toscano at the Voice of San Diego.

1. Financial market prices are always right
2. Debt doesn't matter
3. Consumer spending is the basis of our economy
4. A rise in home prices is the same as saving
5. High asset prices are good for the economy
6. Inflation isn't inflation unless it shows up in the CPI
7. Money supply growth does not matter.
   

Read the article. We need to end this denial of economic reality.

Obama or McCain please hire this guy! Whoever does gets my vote, assuming they listen to him.