To fix the economy, fix the housing market

http://blogs.reuters.com/lawrencesummers/2011/10/24/to-fix-the-economy-fix-the-housing-market/

The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending.  

And people wonder why our economy is failing.  Lawrence Summers is acknowledged as an economics genius, serving as President Clinton's Treasury Secretary, head of President Obama's National Economic Council, and President of Harvard University.  Yet, this opening statement in this article clearly delineates why our global financial system is on the verge of collapse.  He aims to solve overconsumption and indebtedness with more consumption and piling on more debt.  Genius.