No, it’s not a typo. Lewis Alexander, Citigroup’s chief economist, is being tapped to counsel US Secretary Treasury Timothy Geithner. According to the article, he was quoted as saying in December 2007 that while he believed the housing market would remain weak well into 2008, it was more likely that the economy would keep growing than head into a recession, adding that the housing bubble was “correcting on its own”.

With Alexander as its chief economist, Citigroup has virtually collapsed. And contrary to Alexander’s predictions, the economy is in the midst of a severe recession, and the housing market continues to deteriorate.

It seems pretty obvious. Political ideology and corporate cronyism have trumped legitimate economic expertise. As a result, this nation is paying a dear price.

The time has come to put a stop to this gross dereliction of duty. The time for a second, constitutional revolution is at hand.

Read the article here.