100 Days

A fit example of what Obama's first 100 days has meant is shown by Citibank today pleading hat if hand with the government to please, oh please, let Citibank pay bonuses to some key employees.

And so that's how far we have come.  The Obama effect on the economy has been to take the first step toward a government-run economy, or state capitalism, if you prefer.  Some of the central pillars of the American economy (banking, auto, insurance) are now joint efforts with the federal government.  Government intervention that would have been hard to imagine less than a year ago is now common practice.

The cryptocracy is risk-adverse.  The centralization of the economy under government direction is a logical development given the cryptocracy's drive to ensure their continued profit-making ways.  They want strict control.  No more funny business that can jeopardize wealth production. 

What the Obama era has meant so far is the consolidation and centralization of control over the economy by the cryptocracy.  And they are not done yet, by a long ways.