The Obama Administration and the American Economy

The crap claps of 2008 wasn't simply a product of lowering interest rates, it was fraud. 8 million defaulting mortgage victims were thrown out of their houses and turned into rental housing. As long as America bails out the financial sector, it's bailing out the wealth of the 1%, maybe the 10%. If you in debt the 90% there's not going to be any internal market to buy the results of what labor produces.