The administration and the media no longer even bother to crisis-monger. They simply declare a crisis, pass out the lucre, and assert their dominion over the crisis-ee.
The auto, banking, and insurance sectors are now firmly under government supervision and restraint. Or, in other words, the cryptocracy is making sure that the American economy is closely managed by its direct representatives. It no longer is willing to take the risk that these companies or industry might make mistakes on their own now and then.
All this shows, of course, that the system doesn't work. When the cryptocracy is unwilling to let things flow naturally and when they have to hold it together through government edict, you may conclude that the system is in a fundamental crisis, and not the one the media talks about.
One wonders when Obama will announce his five-year plan.
2. Bank of America. See previous item on BoA here. (WSJ) "Bank of America has been pressured by federal officials to revamp its board by bringing in directors with more banking experience."
The cryptocracy really has a thing about BoA. First was the campaign to get Chief Executive Kenneth Lewis which was only partially successful. Now comes the next phase: trying to force BoA to change the board of directors to include "more banking experience" (read: individuals who are committed to the cryptocracy's interests.)
What the cryptocracy has against BoA and Kenneth Lewis is so far being kept secret. But, observing the machinations is an instructive example of how the cryptocracy goes about achieving its goals.
3. Pope in Holy Land and Israel. News reports indicate that the Pope has spoken about on all aspects of the situation in the mideast: condemning the wall between Israel and Palestine, attempting to please muslims and jews, calling for an end to terrorism, and supporting a two-state solution to the Israel-Palestine situation.
The one thing that he has not mentioned, and the failure renders all the other remarks meaningless, is the recently concluded blood-bath in Gaza by Israeli armed forces. To anyone who examines what happened in Gaza it becomes clear that this aggression was one of the most egregious crimes of this century; a crime where innocents were slaughtered, starved, and made homeless.
That the Pope of the Catholic Church cannot bring himself to condemn this outrage against some of the most down-trodden people in the world, tells a lot about the Pope's orientation. Shoah Catholicism is alive and well.
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