The focus on housing is a mistake. Housing was overbuilt and remains so, but keeping interest rates low is killing the economy for a variety of reasons, the most salient being that the means of keeping interest rates low is financing the Obama take over. We are doing what Japan did after its real estate bubble. It didn't work. Here it is working to empower thugs and crooks. Obama is easy to understand, he's at hug and a crook. But how does one explain Bernanke?