Economic Crisis, in Today's News 09.09.09

Economic Crisis. When the cryptocracy precipitated the economic crisis, one of their primary goals was to grant the privately-owned Federal Reserve more power, especially regulatory power.

So, how is that project going?

Today's Wall Street Journal (page 1): "...Democrats' efforts to rework the rules for finance have bogged down amid infighting between federal regulators, fury among bankers and opposition from many lawmakers who believe that further expanding the government's reach will only create new problems. The all-consuming debate over health care has damped enthusiasm for tackling such complex legislation." [!!!]

The cryptocracy can not be pleased. They thought they had a winner in Obama, but so far he is screwing up the health care reform, and the all-important Fed empowerment is all but finished. Plus, he is heading for domestic and foreign trouble as Afghanistan blows up in this face.

There is a scary side to all this. The cryptocracy made an economic crisis to accomplish these goals and many more. As the efforts by their employees to change things limps along, the cryptocracy is apt to conclude that they need an even bigger crisis to accomplish what they want.