The Cryptocracy had precipitated the economic crisis in the hopes of creating an atmosphere where several changes to American public life could be stampeded through Congress to the great benefit of the owners of the country's wealth.
They had a big 'to-do' list and some things were accomplished: the election of Obama, the government take-over of General Motors, a rationalization and consolidation of the banking industry, and a disciplining of the insurance industry. But a couple of big items are stuck in Congress: health care and a reorganization of financial regulation.
The Cryptocracy and their agents are now making a last-ditch effort to ensure that Congress passes legislation to enable a government take-over of health care and to enable an empowerment of the Federal Reserve as the chief enforcement agency. Time will tell if they are successful, but they rarely give in.
The WSJ headline, consciously or not, summarizes the situation as seen from Cryptocracy headquarters. Here the Cryptocracy had made a perfectly good crisis to change things around, and now these self-inflated goof-offs in Congress are mucking the whole thing up by their constant dickering over details.
The Cryptocracy intends to get its way. And they will eventually, until and unless a conscious opposition arises to their manipulations.
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