Mortgage Refinance and Foreclosures

March 31, 2010

By Padmini Arhant

In the current economy, two major issues deserve urgent attention.

They are – unemployment and home ownership.

This topic will focus on the homeowners and the federal program under consideration to address the foreclosures arising from high mortgages.

Meanwhile, the following news report and editorial from other news organizations are presented for reference.

According to the –

1. New York Times report By David Streitfeld – Friday, March 26, 2010 – Thank you.

New help for homeowners – Revising Loan Modification

The Obama administration will announce today a broad new initiative to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments.

The escalation in aid comes as the administration is under rising pressure from Congress to resolve the foreclosure crisis, which has put millions of Americans at risk of losing their homes.

A major element of the new program, according to several sources who spoke on the condition of anonymity, will be to encourage lenders to write down the value of loans for borrowers in modification programs. Until now, modification programs have focused on lowering interest rates.

Another major element will involve the government, through the Federal Housing Administration, refinancing loans from borrowers whose home value has sunk below what they owe on it.

More than 11 million homeowners are in this position, known as being underwater.

That aspect of the plan would apply even to borrowers who have not fallen behind in their mortgage payments.

Investors who own the loans would have to swallow losses but would probably be assured of getting more in the long run than if the borrowers went into foreclosure.

The FHA would insure the new loans against the risk of default.

Many details of the administration’s plan remained unclear Thursday night, including the precise scope of the new programs and the number of homeowners likely to qualify.

This much was clear, however:

The plan could put taxpayers at increased risk.

If many additional borrowers move into FHA loans, a new downturn in the housing market could send that government agency into the red.

The FHA has already expanded its mortgage-guarantee program substantially in the last three years as the housing crisis deepened, insuring more than 6 million borrowers.

Sources said the agency would receive $14 billion in funds from the Troubled Asset Relief Program, cash it could dangle in front of financial institutions as incentives to participate in the new program.

A third element of the White House’s housing program will require lenders to offer unemployed borrowers a reduction in their payments for a minimum of three months.

An administration official declined to speak on the record about the new programs but said they would “better assist responsible homeowners who have been affected by the economic crisis through no fault of their own.”

The plan would essentially supplant the government’s earlier mortgage modification plan, announced a year ago with great fanfare.

It has resulted in fewer than 200,000 people getting permanent new loans.

As many as 7 million borrowers are seriously delinquent on their loans and at risk of foreclosure.

The news was greeted with cautious enthusiasm by groups that have tracked the foreclosure crisis and tried to assist communities and underwater homebuyers.

“It sounds really good, and I’m not used to saying that,” said Kevin Stein of the California Reinvestment Coalition in San Francisco.

He said “the two main weaknesses” of the existing federal Home Affordable Modification Program were that,

It didn’t reduce the mortgages of underwater homeowners,

And, didn’t help borrowers who were underemployed or unemployed and would have difficulty qualifying for a loan modification.

“It seems they have taken these issues to heart,” Stein said.

“It’s unclear how many people will qualify – that’s the one hesitation. We’re not sure how broadly these initiatives will reach.”

Martin Eichner, with Project Sentinel in Sunnyvale, said the proposals sound good but he would like to see the details.

“It has to help significant numbers of people and there has to be enforcement,” Eichner said.

“These plans always look great in the first news release, but we’ve often been disappointed in the performance. To the extent that lenders write down principal balances, that would be a significant improvement,” he said.

Eichner said the home affordable effort also needs an enforcement mechanism.

“Without any real consequences, day to day we see lenders ignoring what we think are pretty clear rules under the current making home affordable program,”

While the number of foreclosure-related filings is beginning to flatten or decline, the number of borrowers who are seriously distressed is rising.

In the fourth quarter, the number of households at least 90 days past due on their mortgages swelled by 270,000, according to a report issued Thursday by the Office of the Comptroller of the Currency.

“The government is seeking to persuade people to stay in their homes by aligning the mortgage debt with the asset value, which is the only viable path to real housing stability,” said one person who was briefed on the government’s plans.

Several people who described the plans would speak only on condition of anonymity, since they had not been authorized to disclose details ahead of a White House briefing scheduled for this morning.”

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2. Editorial in the Bay Area News Group – March 29, 2010 – Thank you.

www.mercurynews.com/opinion:

Titled – Foreclosure plan has carrots but needs sticks –

“Eight million households are behind in their payments or in foreclosure. But the Making Home Affordable programs has modified just 200,000 loans.

Forgive us for not jumping up and down with delight over the Obama administration’s latest plan, announced Friday, to help stem the tide of foreclosures.

The changes will help those who are unemployed, underwater or both.

But they have come so late that it’s difficult to muster much enthusiasm.

Banks participation in solving this problem has been optional for too long.

The government must require those who caused this debacle to do more to end it.

Since the foreclosure crisis began three years ago, 6.6 million families have lost their homes, according to the Center for Responsible Lending.

The problem is not getting better.

Eight million households are behind in their payments or foreclosure, and

One in five are underwater – they owe more on their mortgages than their homes are worth.

The administration’s primary tool against foreclosures, the year-old Making Home Affordable partnership with lenders, has so far modified the terms of just 200,000 loans. It is not up to this enormous task.

But the changes announced Friday have the potential to improve that record.

The program will now be open to the unemployed, who previously couldn’t qualify but are a primary victim of foreclosures.

They’ll be eligible to get up to six months’ forbearance and to have their payments lowered to reflect their reduced income, at least for a short time.

Those who owe more than their homes are worth – in California, that’s more than a third of borrowers – may finally be able to get their loan principals reduced.

This much-needed shift in approach addresses another key driver of foreclosure.

Lenders will get incentives to reduce the amount owed.

Borrowers who are current on their payments but underwater – prime candidates to walk away from their mortgages and further weaken the housing market – could refinance into a cheaper government loan.

All of this will help. But the main problem with the government effort remains:

It’s all carrots, no sticks.

Consumer advocates have been pushing Congress for years to allow bankruptcy judges to modify loan terms for primary residences, which could reduce foreclosures up to 20 percent.

The financial industry’s army of lobbyists has managed to beat back that idea, known as “cramdown,” saying it can deal with the problem on its own and through Making Home Affordable.

That’s clearly not the case, because of malice or incompetence.

It would be wonderful if politicians gave the same consideration to desperate homeowners that they do to banks.

Most everyone facing foreclosure nowadays did nothing wrong – they’re simply caught in the cascading wave that began with the subprime mortgage crisis.

The same can’t be said of the banks that got us into this mess and then took billions of taxpayer bailouts.

Allowing judges to modify loans in bankruptcy would add structure to an overwhelmed system.

Reasonable compromises worked out in court would set precedents for lenders to follow.

If they didn’t, they could be forced to by a judge.

Judges have this power for second homes.

There’s no good reason they shouldn’t have it for every home.”
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Comment – Review and Analysis is in progress and will be presented shortly.

Thank you for your patience.

Padmini Arhant

Written by Padmini Arhant · Filed Under Economy, Featured | Leave a Comment 

Moscow Subway Bombing

March 30, 2010

By Padmini Arhant

On Monday, March 29, 2010, grief engulfed the commuters in the Russian capital, Moscow.

Terrorism against the metropolitan residents is the latest trend in the threat to global security.

According to the reports, two female suicide bombers strapped with explosives detonated the bombs killing 39 people and leaving many seriously injured.

The authorities in Kremlin have vowed to investigate the terrorist act and bring the perpetrators to justice.

Terror mastermind have not claimed responsibility but the officials have not ruled out the suspects’ connection to the separatist groups in the northern Caucasus region that includes the main rival Chechnya.

National security is a great concern for the governments dealing with terrorism related to autonomy, political freedom, and socio-economic issues in certain incidents, while others instigated by major organization for personal ideology.

Regardless, negotiating for freedom and equality through violence is a path to self-destruction as demonstrated by the suicide bombers.

Targeting innocent lives to bargain with the power is a cowardly act that only prolongs the situation behind the motive and benefits none.

Terrorism is a modern warfare adopted to deliver political messages without considering the ramifications from it.

Those who orchestrate terror against unarmed civilians are false representatives of justice. If they were to be true, they would value life and disavow violence against all.

Violence begets violence. It only leads to perpetual mourning and revenge.

Similarly, pursuing drastic measures in reaction to the terror activities affects the victims more than the assailants.

Tightening security to protect citizens is necessary.

However, implementing rules that would infringe upon civil liberties causing fear and frustration among the elected opposition leaders not excluding the local population is a victory to the terror networks in their realization of constricting the society movement, besides hurting the economy.

The permanent solution to terrorism is to address the problem by identifying the source.

In this instance, the contentious dispute between Kremlin and Chechnya / regional adversaries could be resolved through communication and dialogue.

A sincere attempt to end the political standoff and retaliation is the best approach to a peaceful resolution.

It comes from deep understanding for the suffering population, the real victims on both sides.

Aggression is not the remedy to the political crisis.

Often engagement with empathy along with self-recognition of wrong doings contributing to the turmoil yields success in the difficult political conditions.

I hope that Prime Minister Vladimir Putin and President Dmitry Medvedev will seek peaceful options with the separatist leaders in the northern region, particularly Chechnya and resume political discussions to arrive at a meaningful decision comprising democratic values for all citizens in Russia.

Meanwhile, the rebel groups will have nothing but failures if they persist with violence as the means to achieve their political goals.

Now is the time to renounce violence and harsh tactics by all.

It’s important for the sparring factions to commit towards peace and build a relationship based on trust and mutual respect, the pragmatic principles in dealing with the ceaseless conflict.

I convey my heartfelt condolences to the victims’ families and the Russian leaderships in the moment of sorrow brought upon by senseless violence.

I wish them courage to emerge from the tragic event and pray for the speedy recovery of the wounded.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under Featured, National and Global Security, Politics | Leave a Comment 

National Health Care Legislation

March 29, 2010

By Padmini Arhant

Last week, President Barack Obama and the Democrats in Congress achieved a historic victory in passing the health care legislation.

The legislative components and the effective period are presented below:

According to the New York Times report March 22, 2010

By Robert Pear and David M. Herszenhorn – Thank you.

Source: Speaker of the House, Congressional Budget Office, Kaiser Family Foundation, MCCLATCHY – TRIBUNE

HIGHLIGHTS OF THE HEALTH CARE OVERHAUL LEGISLATION, WHICH WILL:

1. 90 days after enactment: Provide immediate access to high-risk pools for people with no insurance because of pre-existing conditions.

2. 6 months after enactment:

Bar insurers from:

Denying people coverage when they get sick

Denying coverage to children with pre-existing conditions

Imposing lifetime caps on coverage

Require insurers to:

Allow young people to stay on their parents’ policies until they turn 26

3. Within a year: Provide a $250 rebate to Medicare prescription drug beneficiaries who reach the coverage gap called the “doughnut hole”

4. Jan 1, 2011: Require individual and small group market plans to spend 80 percent of premium dollars on medical services; large group plans would have to spend at least 85 percent

5. 2013: Increase the Medicare payroll tax on dividend, interest and other unearned income for singles earning more than $200,000 and joint filers making more than $250,000

6. 2014: Provide subsidies for families earning up to 400 percent of poverty level ($88,200 a year for a family of four)

Require most employers to provide coverage or face penalties

Require most people to obtain coverage or face penalties

7. 2018: Impose 40 percent excise tax on high-end insurance policies

8. 2019: Expand health insurance coverage to 32 million people

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Late deals added to bill’s revisions – By Alan Fram Associated Press – March 22, 2010 – Thank you.

The latest changes to the bill include:

Tax-exempt insurers would have to pay a new fee levied on insurers on only half their premiums.

An Aug.1, 2010, deadline on new doctor-owned hospitals to apply to the government for eligibility to serve – and get paid for Medicare patients would be extended to Dec. 31.

A new 2.9 percent excise tax on medical devices would be lowered to 2.3 percent.

But it will be broadened to apply to some lower-cost devices it hadn’t initially covered, though hearing aids, contact lenses and other items would be excluded.
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Review and Analysis – By Padmini Arhant

There have been numerous questions by the anxious uninsured and they are being presented in this analysis.

Congressional Report dissection:

Clarification from the legislators would be helpful in understanding the criteria in the following categories:

1. 90 days after enactment: Provide immediate access to high-risk pools for people with no insurance because of pre-existing conditions.

From the concerned individuals – the uninsured with pre-existing conditions but are unsure of their acceptance in the high-risk pool due to variations in the health issue.

A. Who are the qualifiers under the ‘high-risk’ pool in the ‘insurers’ language?

B. Should the insured expect escalation in premium costs due to their ‘pre-existing’ diagnosis as compared to the healthy individuals?

C. If there is a difference in coverage costs; by what percentage will it affect them?

As per the Associated Press report, March 24, 2010 –

D. “But a provision to protect children in poor health has a gap. Insurers would still be able to deny new coverage to kids with health problems until 2014.”

Is it possible for these kids to access care under ‘high-risk’ pool, which is expected to be effective in three months from now, i.e. June 2010?

Therefore, specifics are required in this respect.
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2. 6 months after enactment – October 2010,

The legislative component reverses the status quo for those who are currently insured and,

A. Have difficulties on coverage during their illness including children with pre-existing conditions.

B. Parents are permitted to keep their adult offspring until age 26, on their policy.

C. It prohibits the insurers from limiting coverage and policy cancellation when the patients require treatment.

Unequivocally, it’s a crucial piece of legislation.

However, it could have been made effective immediately rather than a six months delay, due to the nature of the problem.

As it’s well known that in health situations, the cost and cure factor is dependent upon early intervention.
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3. Within a year i.e. in 2010 the legislation involves $250 rebate to Medicare prescription drug beneficiaries upon them reaching the ‘doughnut hole’ or the coverage gap –

Any financial relief to senior citizens and others dealing with enormous health care costs is a welcome change.

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4. Jan 1, 2011 – Enactment calls for ‘marketplace’ insurers to invest premium dollars on medical services by 80 percent for individuals and small plans, whereas the large groups by 85 percent respectively.

Monitoring is essential to ensure such practice among the insurers.

In the absence of oversight, the law would be redundant.

That’s why the independent and non-profit ‘National Consumer Health Rights Agency,’ would be ideal to deliver the service.

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5. 2013: Increase the Medicare payroll tax on dividend, interest and other unearned income for singles earning more than $200,000 and joint filers making more than $250,000

This was the proposal from the House of Representatives to generate revenue for the health care overhaul.

It appears to be preset to meet with the ‘PAYGO’ budgetary requirement to pay for expenditures with funds for the program in progress.

A prudent fiscal policy that is necessary to address the national deficit and approved by the Congressional Budget Office. It’s an important feature of this legislation.

The Republican opposition projected the negative implication of this particular rule on Medicare recipients quoting that ‘the Medicare quality would be affected.’ They need to explain their position.

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6. 2014: Provide subsidies for families earning up to 400 percent of poverty level ($88,200 a year for a family of four)

Require most employers to provide coverage or face penalties

Require most people to obtain coverage or face penalties

7. 2018: Impose 40 percent excise tax on high-end insurance policies

8. 2019: Expand health insurance coverage to 32 million people

In reference to Points 6, 7 and 8:

Perhaps, the funds from the Medicare payroll tax mentioned above are allocated for the subsidies and Medicaid beneficiaries.

Similarly, the 40 percent excise taxes on high-end insurance policies set up to eventually expand health insurance coverage to the targeted 32 million uninsured in 2019.

Again, the same reason stated under 2 C of the analysis, applies to these rules of law.

The people who can’t afford health insurance are most vulnerable to health problems that ultimately become the tax payer responsibility as experienced up until now.

Hence, the law being effective in 2014, four years away from the signed legislation and the reality of the 32 million people being covered in 2019 is a legitimate cause for disappointment among the uninsured.

The authorities owe a plausible explanation to the suffering population regarding the distant period setting for the effectiveness of the law, especially 2014 and 2019.

What is happening to this segment between now and then?

Are there provisions for tax credits to the middle class families and Medicaid expansion to cover the interim premium costs by the uninsured and the unaffordable groups in the society?

If so, how is it being paid for?

Since the revenue from Medicare payroll tax and the excise tax are scheduled in 2013 and 2018, to fund the federal subsidies to lower income families in 2014 and the 32 million uninsured in 2019 respectively,

The health insurance reform cannot be truly evaluated until after 2014.

Besides, the health insurance legislation based on ‘private for profit’ strategy is subject to market rates in 2014 and beyond.

Meanwhile, the legislation tackles the problems faced by the “insured” groups in the society that are significant and guaranteed to save lives.

According to the media reports, the House and the Senate leaders confirmed the available votes to implement a ‘Public Option’ in the health care legislation through reconciliation process within the year.

Indicating that – “We have the votes and we need the will to move forward.”

It’s the best hope for the average citizen in the health insurance reform, considering the anticipated changes becoming law not until 2014 and 2019.

Having passed the legislation, the lawmakers can amend the bill to accommodate the genuine requests from the average citizens for whom the reform was initiated.

It’s a matter of honoring the people’s will in a democracy.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under Health | Leave a Comment 

U.S. and Russia Nuclear Arms Reduction Treaty

March 27, 2010

By Padmini Arhant

The world’s nuclear prolific nations, U.S and Russia agreed to sign a long overdue nuclear weapons treaty or the strategic arms reduction treaty (S.T.A.R.T) reportedly to reduce the warhead arsenals by one-third with the possibility to lead the international community towards a complete nuclear disarmament.

It’s a phenomenal step towards peace and a path to a nuclear free environment.

The U.S. President Barack Obama and the Russian President Dmitry Medvedev deserve praise for the courage reflected in their action against the potent threat to global security in the twenty first century.

Without a shadow of doubt, the leaderships’ initiative is a cornerstone for the NPT (Nuclear Nonproliferation Treaty) conferences in the immediate future.

I hope that other nuclear nations would follow suit with their rivals and earnestly strive to depart from the nuclear era.

There is also an urgent need to address the conventional arms race alongside the nuclear proliferation.

If the industrialized and the developed nations prioritize the defense budget divestment to socio-economic development in the domestic and foreign policy,

It would not only expedite the economic recovery but also spearhead the necessity to alleviate hunger, poverty and disease among the poorest nations.

War spending and national security against terrorism consumes enormous proportion in the fiscal budget and the peace efforts in every possible dimension could promote the required economic, social and political progress in the vulnerable regions of the world.

Besides, the volatility experienced globally could be eliminated with the troops withdrawal from Iraq and Afghanistan as well as the U.S. military base overseas.

In addition, transforming the military aid to an economic assistance in Yemen and countries alike is guaranteed to detract the potential recruits targeted by the terror networks.

Further, the improvement in economic conditions is directly related to renunciation of violence.

The global terrorism is attributed to economic plight, social injustice and political instability.

Therefore, any incremental positive measures in the nuclear front and traditional warfare is immensely beneficial to humanity.

Bilateral approach between the nuclear powers, U.S and Russia and their perseverance in the denuclearization including the civilian nuclear program abandonment would deter the controversial Iranian nuclear crisis from worsening.

Moreover, it would set precedence for other nuclear states to adopt similar strategies – resulting in a multilateral decision for a peaceful future.

Another poignant element being, the foreseeable consensus in the nuclear matter removes the obstacles for the clean renewable energy resources desirable to resolve the climate change issue confronting the earth population.

In fact, the U.S. – Russian pact is a great new beginning for a better world.

On that optimistic note, I look forward to the world leaders reaching more milestones in the global affairs.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under International Politics, National and Global Security, Politics | Leave a Comment 

Weekly Events Synopsis

March 27, 2010

By Padmini Arhant

This week, President Barack Obama and the Democratic Congress secured three major achievements of national and international significance.

Beginning with the latest event:

The world’s prolific nuclear nations, U.S and Russia signed a long overdue nuclear weapons treaty reportedly to reduce the warhead arsenals by one-third with the hope to lead the international community towards a complete nuclear disarmament.

Housing market revival through programs targeting foreclosure for millions of homeowners.

And

National Health Care Legislation – is a historic victory for the democrats and the Obama Presidency.

A review and analysis on these topics is in progress.

Your patience is much appreciated.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under Economy, Featured | Leave a Comment 

An Invitation to Experience the Dilemma

March 25, 2010

By Padmini Arhant,

Dear America and the Rest of the World,

I stated my desire to be ‘A-Political’ by not being affiliated to any political party and continue to pursue the peace and environmental goals. Subsequently, there has been flurry of attacks and disparaging remarks mounted by those whom I have supported up until now.

I can understand such position from the quarters dedicated to unsubstantiated allegations.

However, the political power and the ‘public funded’ networks using my donations to attack my decision with the former being fully aware of their doing and the latter without any facts beckons scrutiny.

It’s in human nature to jump into conclusions on matters with false information. They usually target individuals challenging the power to prioritize people over personal and special interest.

The victims become a ‘fair game’ for the authorities and sadly the “public funded” networks searching for scapegoats.

Unfortunately, the trend thus far has been – glorify privately but vilify publicly.

Alternatively, use them when it’s convenient and trash them upon finding their position a nuisance to the power and others following the norm.

I had always maintained that my contribution is focused towards humanitarian and environmental issues, in the United States and around the world.

In fact, it was suggested in their nuance. It was published recently in the local newspaper and I present that segment again.

“A potential source of his problems is the conflict presented by Campbell’s two chosen career paths.

He has spent his career advocating for civil liberties and academic freedom as a law professor while also trying to get ahead in the cutthroat arena of politics. But defending the rights of unpopular individuals is turning out to be poor politics.”

At another instance, it was advocated through their newly found hired networks that Church and State should remain separate and I concur with that philosophy, and repeatedly reinforced the message on my life purpose to fulfill obligations towards humanity without hindering or endangering anyone’s political or personal status.

Hence, the authorities ought to explain the inconsistency and indecisiveness on their part going back to the political campaign in 2008.

Further, I expressed my intention to exercise the first amendment right granted to every individual in a ‘free society.’ in the material presentation based on evidence and not a concocted theory.

Again, I’m not interested in the popularity contest, even though it’s been misconstrued in the manner that deemed fit among the faultfinders.

There was an accusation about my attachment to ‘polls’ during the reference to a ‘friendly advice,’ and it would aptly apply to political figures concerned about their term in office and the re-election prospects, not the peace activists.

On the one hand, I’m being characterized as ‘delusional, a pervert, an underground media prankster, egotistical, self-important with contradictory lifestyle, a bitter and angry mobster’… to say the least.

Interestingly, while on the other, the assailants know where to contact me for donations, in spite of the falsely accused ‘underground’ branding.

Yet, they relentlessly insist that I promote their agenda as predicted during the Presidential campaign –

“Empower some and enslave the targeted ones.”

Somehow, one tends to forget that while finger pointing, it’s essential to pay attention to the remaining fingers directed towards them, especially in the presence of suppressed public evidence.

Seeking flaws in others will eventually lead to none other than them upon soul searching.

That why, it’s important to look within and they’ll find themselves.

Besides, as stated earlier negative emotions hurt the ones harboring more than the ones it’s aimed at.

Their targets are not allowed to have principles and must work according to the state’s preference – i.e. embellish or exaggerate policies and records sometimes to the detriment of democratic values.

When I discuss the real life experience, it’s attributed to ‘presumptuousness.’ On the contrary, the similar citation by them and the authorities in power is admired as ‘family values.’

The irony being, the same ‘public funded’ cable networks considering themselves above the fray from the mainstream counterpart have adapted to the malpractice for unexplained reasons and preoccupied in mudslinging literally at my expense rather than engaging the political power by asking the tough questions on the approved and pending legislations.

Notwithstanding, the highlighted hypocrisy in the obsession against their target.

For instance, the health insurance reform was passed with political wrangling and arm twisting tactics. It was well known from the beginning that the Republican opposition would not yield to any concessions.

More poignantly, the last minute appeasement to attract the ‘anti-abortionist’ votes within the Democratic Party was done with the ‘Executive Order’ explicitly denying the federal funding for the women’s health rights.

There was none including the networks claiming to be the ‘voice for democracy’ dare to ask the authorities –

Why couldn’t they use the same ‘executive order,’ granting ‘Universal Medicare for all’ or include a robust ‘Public Option’ to make the reform truly meaningful?

Not surprisingly, upon signing the legislation, the insurance stocks skyrocketed in the absence of neither.

When there has been precedence set before with the former President Lyndon B. Johnson legislating “Medicare” for senior citizens reportedly analogous to ‘as simple as turning on the light switch’ by declaring, “Medicare begins tomorrow,”

Why didn’t the democrats move forward with a bold action, when the event concluded without a single republican vote?

Why is the law completely effective only in 2014, two years after the ‘possible’ second term of the incumbent administration?

Why not in the year 2010 or even 2011? –

To this, The White House responded that it would take four years to implement the massive overhaul.

Then in that case,

Why didn’t the authorities pursue the easier option by mandating the existing and established Medicare for all?

Regardless of the political ideology, contemporary politics revolves around personal political security on legislative and international matter.

From health insurance reform, 9/11 terrorists trials to the Israel-Palestinian conflicts, policies are carefully weighed in terms of electoral consequences and politically ‘safe’ strategy against,

‘Taking the political risk or laying down the reputation by doing what is right for the nation and humanity.’

As for the alleged ‘delusional’ predicament, I was approached and asked to be a volunteer since January 2008, Presidential election and up until now.

Although there were assumptions that, I was on the White House payroll and receiving payments from the Democratic Party, the truth of the matter being it was a ‘full time’ volunteer service all along.

It was truly an honor to be able to participate in the historic election and work alongside millions of volunteers in the political process.

Meanwhile, I also share the common plight of any average citizen trying to raise a family, generate an income to survive and provide for my children’s future, particularly their educational expenses.

The last three days while the incendiary attacks were carried out against me, I was attending to my sick child and busy meeting with family commitments, since I do not have an extended family support.

Therefore, I apologize for not updating on the developments leading to the unnecessary confusion.

I remain committed in my service to the nation and the people struggling to find a voice in the privatized political system without compromising on ethics and personal values.

Finally, I extend an invitation to experience the dilemma prior to passing judgments against anyone sincerely devoted to seeing the world, a better place for all.

Your understanding and cooperation is deeply appreciated.

I sign off with love and peace to all.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under Ethics, Featured, Humanitarian, Politics, United States | Leave a Comment 

Successful passage of Health Care Reform

March 22, 2010

By Padmini Arhant

Congratulations! To President Barack Obama, the Speaker Nancy Pelosi, the Senate majority leader Harry Reid and the Congress members responsible for the successful legislation of the health care reform.

The debate had consumed more than a year and came to fruition last night. With any legislation, the views are expected to be conciliatory and contradictory.

I take the opportunity to wish our President Barack Obama and the legislators continued victory in all their present and future endeavors.

This website will remain committed to the humanitarian cause without being affiliated to any particular political faction in order to maintain objectivity and keep democracy alive.

My contribution is focused primarily on peace and environmental goals for humanity i.e. ‘Save the Planet,’ and ‘Peace on Earth.’

I look forward to the inevitable peace, progress and prosperity through coherence among the global community.

Thank you.

Padmini Arhant

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Response to Presidential Communiqué – View on Health Care

March 19, 2010

From: Padmini Arhant

Hon. President Barack Obama

Dear Mr. President,

Thank you for the ‘beautiful’ artwork of the North Portico of the White House by the talented artist Dan Kessler.

It is an honor to serve our nation and your Presidency. I appreciate your kind remarks in this regard.

I commend you for the recent success in the bipartisan legislation of the jobs bill. I’m confident that this bill would have a positive impact on the economy, particularly in improving the unemployment situation.

According to the reports, the legislative measures would save and create approximately 200,000 jobs that are considered ‘meager’ by the opposition. Nevertheless, the number is significant for it eases the burden on the families struggling to make ends meet.

Every single job saved in the dire economy is a blessing in disguise for the American workforce.

I hope to witness similar rigorous actions to expedite the economic recovery.

In the economic front, the stimulus package passed last year was beneficial in stabilizing the economy and the global financial market from the brink of collapse. There is no doubt that the crisis is far from over.

The stock market performance in the past few months has been impressive, boosting the investor confidence that has shifted from the housing market.

Unfortunately, the residential and the commercial markets are still lagging behind with not much appreciation in the home values nationwide. Obviously, the sector needs attention to keep the families in their homes.

Liquidity freeze is a matter of great concern. The banks are still on the fence, despite the toxic assets removal from the balance sheets through taxpayer bailout.

The executives’ extravagant bonuses continues while the average Americans are being subject to credit crunch and huge financial charges in spite of the legislation introducing a cap on credit card interest rates and transaction fees.

A tough financial reform comprising fees and taxes on bonuses and stock options per your proposal with an independent consumer protection agency is the only effective strategy to protect the financial market from potential crisis.

Unequivocally, the Federal Reserve or the Treasury department should not be the oversight for the consumer protection agency due to the inevitable conflict of interest as seen until now.

Therefore, it’s essential to set up a non-partisan, independent consumer protection agency to defend consumer rights and offer advisory services, especially on the mortgage products.

I concur with you on the fact that your Presidency inherited the worst problems.

However, there was tremendous political capital that could have been utilized in transforming the system in Washington and across the globe.

I understand that the entire year was consumed with two important issues – the economic stimulus package and the health care bill.

There are three years left in the first term of your Presidency and lot could be achieved between now and the end of the term.

It’s never too late to revise the policies to benefit the people at home and around the world.

I’m always there to extend my support to your Presidency that addresses the people’s plight against the special interests. I genuinely care about our national and international challenges.

It’s my duty as a humanitarian and your good friend to be honest about the negative consequences of any action endangering life, not barring yours and the national reputation.

The warnings were issued to safeguard your administration and our country’s image.

We might disagree on the elements of core issues but we both share a common goal and that is to make this world a better place for all.

Besides, the evolutionary process can neither be stalled nor differed and humanity is due for a revolutionary change with a golden era on the horizon to those who are willing to adapt to the ‘common good’ philosophy.

‘Change’ is natural. Nothing is meant to stay permanent in any shape or form on earth.

Truth and Justice cannot remain suppressed forever.

It’s time to liberate those who are oppressed, persecuted and deprived of freedom.

Further, the population suffering from poverty, hunger and disease must be relieved with a renewed life.

Nations who have invaded and occupied lands should return power to the indigenous people.

It’s important to practice non-violence and initiate peace dialogue with one another to resolve conflicts.

Likewise, the leaderships across the globe are expected to conform to the developments that have begun and make positive contribution with a paradigm shift in the governance by allowing democracy to prevail through free and fair elections.

Corporations must allow the people to govern the nation rather than the other way around.

It’s in their best interest to limit the engagement to corporate management and focus on the economy, job creation and sustenance.

The corporate investments in recruiting lobbyists to win political favors could be directed towards R&D and for company growth to benefit the economy.

Right now, the world affairs are run by the following organizations:

Wars and the military base – It’s absorbing enormous taxpayers’ spending and unaudited with no oversight. It’s exclusively under the military industrial complex.

Political system is ruled by the powerful corporations in the finance, health care and insurance, communications, along with the energy industry.

Thus, the corporations control the economy, environment and the media with the exception of the public funded cable networks.

Foreign policy is again heavily influenced by the specific lobbyists such as AIPAC, Chinese leadership and others deterring the possibility of peace and liberty to the vulnerable population.

The people have no representation in a democracy and other form of governments.

I present my views and grievances in the health care legislation that is currently taking place.

You have my empathy on the political and economic ramifications of not passing the health care legislation.

At the same time, the alternative in passing the impending bill that is disproportionately beneficial to the industry with more than thirty million mandatory subscribers in the absence of premium caps and robust competition via Universal Medicare or public option has serious repercussions through voter backlash in November hurting the political career of everyone involved.

The opposition will spin it around, no matter what your administration does with any legislation.

I can relate to your predicament of being ‘doomed if you did’ and ‘doomed if you don’t.’

Accordingly, it would be safe to go with the popular choice i.e. “Medicare for all,” since they are the ultimate power in a democracy, before, during and after the elections.

Human nature is to complain when they don’t have something to their satisfaction and that could be eliminated through ‘Universal Medicare.’

Moreover, when everyone is entitled to the same coverage, there is no comparison and the cost is evenly distributed producing savings overall.

The main features of this bill are scheduled to be effective in 2014 and not at the moment.

A vast majority of the population need health care services now and they are not in a position to wait until the future date.

Every individual is mindful of the ‘once in a while opportunity’ to pass this bill.

That being the case, it’s incumbent on the lawmakers to do what is right for the constituents and the nation in the immediate and the long run.

The real victims and the professionals overwhelmingly desire “Medicare for all.”

When you are risking your Presidency to take a giant leap,

Why not do it for the people who entrusted the power in you?

The Corporations might buy elections but the ultimate power rests with the people i.e. the consumers and the taxpayers enduring the pain and agony under the present health care and insurance industry monopoly.

Ironically, the proposed legislation regardless of the highlighted consumer gains is a conspicuous carte blanche to the industry that is primarily responsible for the status quo.

This argument about the position, it’s ‘either my way or the highway,’ projecting a scary scenario of flying over the road block and speeding towards a cliff is applicable to the decision made by the legislators predominantly from the special interests’ pressure on them.

Thereby, confirming the Washington reality with the lobbyists’ firm grip on the political power.

It’s not fair to blame the special interests entirely. If the lawmakers resist the funds from these groups and deliver the service to the public per the constitutional oath, they could be re-elected on their merit without the ‘corporate sponsored’ stigma.

The public funding would flow like a river to the duty bound legislators not having to fear the corporate funded negative attacks during the elections.

If one remains pure and strong, then sky is the limit for them.

It requires will power and determination to attain the targeted goals, not to mention the good deeds or Karma rewarding their selfless act in abundance.

Perhaps, it’s something to think about in the health care legislation by fulfilling the desperate needs of the weak and the dying over the profit-oriented industry.

Hence, as your friend and a well-wisher, I request you to pass the ‘Universal Medicare’ that is already established and a proven success admittedly by the opposition in Congress.

I guarantee every legislator a victory in November upon passing the ‘Universal Medicare.’

As a spiritual seeker, I consider the ideal gift in recognition of my service to humanity is to kindly honor the requests made on behalf of the voiceless and the defenseless in the society.

“Universal Medicare,” is a necessity and not a privilege to the millions deserving national health care.

I’m with you in every decision that would help ‘Save the planet’ and establish ‘Peace on Earth.’

I believe that humanity thrives with peace, progress and prosperity for all as opposed to a selective few.

I always remain your true friend and convey my best wishes to you and your family.

Thank you again.

Sincerely,

Padmini Arhant

Written by Padmini Arhant · Filed Under Health | Leave a Comment 

Presidential Communiqué

March 19, 2010

President's Letter

Written by Padmini Arhant · Filed Under Featured, Politics, United States | Leave a Comment 

Response to Hon. Governor Tim Kaine’s Letter

March 18, 2010

Dear Governor Kaine,

I acknowledge receipt of your inspirational letter and the kind remarks.

I’m truly honored to receive the ‘unique’ gift from our Hon. President Barack Obama.

My response to the letter from the President and the current developments particularly on the Health Care will be presented shortly.

Your patience in this regard is immensely appreciated.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under Politics, United States | Leave a Comment 

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