Presidential Q&A Session

September 10, 2010

By Padmini Arhant

President Barack Obama this morning addressed the press corps on a variety of issues ranging from the economy to international affairs.

The President elaborated on the Congressional Democrats and the White House achievements thus far.

President Obama also laid out the economic progressive tax structure with permanent tax cuts for the middle class and those earning up to $250,000 income.

On the previous administration’s tax cuts expiration for the top 2% wealthy individuals earning above $250,000 – the economic strategy would benefit the higher income groups and not hurt them as claimed by the critics.

As the President explained – the first $250,000 earnings would qualify for the permanent tax cuts and only the remaining income would be subject to the applicable tax. Essentially 98% taxpayers might qualify for the permanent tax cut creating a vast middle income that would expedite economic recovery.

In terms of various appointments being stalled pending Senate confirmation – the President’s frustration was justified. Among them the Consumer Protection Agency Director position that needs to be filled in the immediate future requires bipartisan support in the Senate.

The consumer related problems on credit cards, mortgages and other financial commitments could be addressed effectively through the agency specializing in these issues.

The President also emphasized on the urgency to pass the bill facilitating small business loans through community banks for economic revival. The bipartisanship on this legislation is crucial for it would clarify the opposition minority stance in assisting the small business community worst hit in the economic recession.

In fact, the President urged on the bill to be approved upon the Senate resuming session in the coming weeks.

On the infrastructure plan – the President’s second stimulus $50 billion was raised at the news conference. Considering the proposal is self-funded by closing tax loopholes, any blockade would be political rather than economic.

Further, the $787 billion stimulus had funds allocated for this purpose and the combined investments would be a job booster upon $50 billion bill overcoming the Senate hurdle.

The economic plan is sound and guaranteed to generate jobs provided the Senators across the aisle extend their bipartisan cooperation to help the President and the Congress members jumpstart the economy to improve American lives.

Other matter at the session will be discussed individually.

Overall the President’s message on the economy and Israeli-Palestinian peace talks were very hopeful and optimistic.

Thank you.

Padmini Arhant

Economy – The Job Factor

September 7, 2010

By Padmini Arhant

The major national concern among the American families are finding and retaining jobs.

There is no doubt that jobs are Democrats’ priority in the Republicans created deficit economy.

Not surprisingly, the response to unveiling the economic plan at this time is “Too little, too late.”

It confirms political expediency to oppose the Obama initiatives rather than extending bipartisan support to help the President save American jobs.

Contrary to the political mindset in the election year, it’s never too late to rescue American workforce and people in distress.

With the high unemployment in certain parts of the country such as Ohio, California, Nevada, Pennsylvania, Indiana…the workers disappointment and voters’ anxiety is about the jobs and the economy.

President Barack Obama eloquently laid out some job aspects in Milwaukee, Wisconsin on Labor Day. The infrastructure proposal for repair, restoration and rebuilding America has great potential for jobs in the construction and service industry.

The President also clarified on the self-funding of the $50 billion job creation plan. Allocating the revenue from tax loopholes is fiscally responsible for it would not affect the contentious national deficit.

Moreover, the remaining funds from the earlier $787 billion stimulus bill allocated towards infrastructure could be verified and appropriated around this time.

Another bill that requires the legislators’ immediate attention is the $30 billion funding to community banks for small business lending in the worst hit areas of the economy. Again identifying wasteful spending to pay for the short and long term job opportunities is economically prudent.

The American plight from coast to coast is clearly visible seeking attention from both the private and public sector. Perhaps, the bipartisan recognition to set the political differences aside and work towards a common goal in the economic revival benefits all.

Those who are opposed to government spending to create jobs need to focus on the economic outcome i.e. helping American families with income that eventually returns to the government through consumer spending and taxes.

Unlike the same opponents’ “no-objection” on defense expenditure for warfare not only consumes enormous budget proportion but also contributes to the national deficit – prominently the two simultaneous wars in Iraq and Afghanistan that triggered the rising deficit problem during the former Republican administration led by President George W. Bush and Vice President Dick Cheney.

On the Democrat side, easing taxations on Corporations pledged to generate jobs has already been enacted in 2009. Further, facilitating job growth in the manufacturing sector would minimize the blue collar job losses and boost the service industry alongside.

The national consortium comprising both private and public enterprises on job stimulus by exchanging ideas and resources is poignant to jumpstart the economy.

By providing specific reasons behind the recent layoffs and slow hiring, the Corporations representing the manufacturing, service and other industries could assist the legislators and federal authorities in understanding the issues – so that remedial measures are implemented for the much anticipated economic recovery.

Similarly, outreaching the small business and retail communities for the targeted assistance would bring relief to the struggling American families.

It’s not sufficient to display mere empathy in these tough economic times. Consumers and businesses are looking for simple to innovative solutions in accelerating the job growth.

Financial sectors have not complied with their end of the bargain in expediting job production, although it was among the criteria during the massive taxpayer bailout in 2008 and 2009.

Credit crunch still remains an economic impediment for small businesses and retailers. Household income having declined due to the job situation, lack of home equity and volatile investment returns are directly affecting consumer spending.

Monitoring the housing market by extending the foreclosure moratorium, $8000 first home buyer credit and affordable refinancing could ease the burden on the homeowners besides improving national home sales figures. These concessions have been tried in 2009 and proved to be positive for the housing sector.

Social security is yet another priority for the baby boomers and retirees dependent on the income. The conservative candidates’ threat to privatize social security in any economic conditions is a political stance more than a pragmatic approach.

Job oriented economic resuscitation is much anticipated among the American workforce and made possible with the combined economic decisions from the private, state and federal institutions.

Above all, the legislators’ bipartisan actions in addressing the serious unemployment status serve as the litmus test for the congressional candidates in the coming elections.

The incumbents and the new candidates have much better prospects of prevailing upon their legitimate demonstration including actions to invigorate job market rather than criticism on the unemployment data.

Jobs are justifiably the primary expectations among the American electorate. Therefore, the private, the state and the federal investments in this respect is paramount.

While the private sector flourishes from consumer spending and investor holdings, the government will gain from tax revenues.

There is no time to procrastinate on this matter as American families are striving hard to provide for their loved ones and a majority of them are in dire financial crisis.

Hopefully, the lawmakers, corporate executives and the economists’ collective actions will soothe the economic pain experienced by many working families in the harsh and competitive job environment.

Your concerted efforts will be appreciated by the suffering American workforce when the economy turns around for common good.

Thank you.

Padmini Arhant

Economy, Jobs and Housing Market Assessment

August 30, 2010

By Padmini Arhant

The economy, job and housing market are the most important issues for the American electorate.

An overwhelming population is experiencing tough economic situations one way or another and there is legitimate concern over the rising deficit as well.

President Barack Obama and Congressional Democrats achievements, work-in-progress including the remedial measures are elaborated for better understanding and fair assessment.

Upon assuming office President Barack Obama and the Congressional Democrats passed the economic stimulus bill worth $787 billion to salvage the economy from ‘Great Depression,’ at that time.

This step was vital for the U.S. and the global economy on the precipitous decline following,

The previous administration’s deficit spending on two simultaneous wars in Iraq and Afghanistan,

Facilitating financial market recklessness,

Free market deregulations in finance, health and energy industries,

Widening deficits through financial and auto industry bailouts with no accountability

Allowing Corporations to evade taxes on domestic and overseas earnings with adverse effects on national revenue.

Extending tax cuts for the wealthy – are the few recipes that triggered the economic disaster.

The policies were implemented at U.S. taxpayers and the average Americans colossal expense.

By neglecting the national requirements – prominently the job and housing market deceleration, the infrastructure repair and restoration, education, health, social security, veterans’ health care, small businesses and the American families in general.

President Barack Obama then introduced “The American Recovery and Reinvestment Act” for $787 billion in February 2009.

It comprised –
• $288 billion in tax cuts.
• $224 billion in extended unemployment benefits, education and health care.
• $275 billion for job creation using federal contracts, grants and loans.

The main objective was to invigorate economic and job growth at an estimated 900,000 – 2.3 million jobs.

Further, the stimulus fund was spread over ten years with the first three fiscal years receiving the major allocation.

The Congressional Budget Office (CBO) projected the stimulus funds would boost GDP growth by 1.4% – 3.8% at the end of 2009.

GDP growth for Q4, 2009 – 5.6% when including the businesses low inventory replenishment.

Otherwise the growth reported to be 1.8%.

According to (BEA) Bureau of Economic Analysis, Trading economics – Bloomberg – Thank you.

“The current GDP growth is 2.40%, with Growth rate – 1.60%, Inflation rate – 1.20%, Jobless rate – 9.50%, Interest rate – 0.25%.”

A significant increase when compared with the negative GDP growth -6.80% in December 2008.

The economy has moved from the negative to a positive trend with a present annual growth rate at 1.60%.

Beginning 2010, the economic figures in the first and second quarters are very encouraging and attention worthy.

GDP before adjusting for inflation in Q1 (Jan – Mar) 2010 rose to 4.8% and Q2 (Apr – Jun) 2010 – 3.6%.

GDI – Gross domestic income – the individuals, private and public sector combined income reportedly increased by 2.3% annual rate for Q2, 2010 after gaining 4.1% in the first quarter – Q1, 2010.

Corporate profits after an impressive 10.5%increase in Q1, 2010, rose by 4.6% for Q2, 2010 – still maintaining the gain from Q2, 2009.

Similarly the higher earnings by 39 percent in Q2, 2010 is relatively progressive than the 2009 second quarter.

Consumer spending for Q1, 2010 – 1.9% and Q2, 2010 – 2% exceeding the previously expected 1.6% pace for the second quarter.

Wages and salaries for Q1, 2010 increased by $6.5billion from the fourth quarter i.e. Q4, 2009.

Company inventory in Q2, 2010 was 0.65% against 2.64% for Q1, 2010. However, the business capital expenditure on structures, equipment had surpassed the prior projection of 22 percent to 24.9 percent.

Trade gap seemingly grew to $445 billion for Q2, 2010 in excess of the previous estimate at $425.9 billion confirming the import level at 32.4%.

It’s clear from the data that the economy in 2010 is comparatively a vast improvement to 2008.

The modest annual rate 1.60% is attributed to numerous factors:

Despite 39 percent increase in 2010 second quarter corporate earnings, the companies have contracted inventory spending, payrolls and lowered employee wages contributing to sluggish job growth and household income reduction eventually having an impact on the economic stimuli – the consumer spending.

Consumer spending also affected by the lack luster housing and stock market performance with majority households dependent on investment income.

Notwithstanding the ripple effect on the small businesses relying on retail purchases.

In addition the rising imports at 32.4 % suggest the lagging manufacturing industry require substantial private investments to provide the anticipated jobs.

Perhaps, capital gains tax relief might incentivize corporations to promote jobs in the manufacturing and service sector. The consideration could ease the burden on Congress in extending unemployment benefits to the jobless.

Per Recovery Accountability and Transparency Board that oversees spending under American Recovery and Reinvestment Act of 2009 available at:

http://www.recovery.gov/Pages/home.aspx – Thank you.

Recovery funded jobs reported by recipients – 749,597 as of June 30, 2010.

“Job calculations are based on the number of hours worked in a quarter and funded under the Recovery Act.”

Evidently, the $787 billion has not been entirely invested in the economy to realize the immediate goals – jobs, housing and stock market appreciation to generate consumer spending and ultimately the desirable GDP growth.

Stimulus fund investment verification:

Tax Benefits:
Allocation – $288 billion
Investment – $223B /77%
Remaining Fund – $ 65B / 23%

Education, Jobless Benefits etc.:
Allocation – $224 billion
Investment – $143B / 64%
Remaining Fund – $ 81B / 36%

Contracts, Grants & Loans:
Allocation – $275 billion
Investment – $139B /51%
Remaining Fund – $136B /51%

President Barack Obama, Vice President Joe Biden and the Congressional Democrats have passed the crucial legislations to stimulate the different economic sectors.

Housing Market – Foreclosure moratorium to contain the bleeding and refinancing at affordable payments has saved homeowners from losing their homes. The documentation and eligibility cited as the reasons for the programs’ average success.

Addressing these issues would enormously benefit many homeowners and revive the housing market.

Also, the $8,000 credit to first home buyers enabled the market to rein in on falling home prices nationwide.

Therefore based on the results, extending the moratorium and first homebuyer credits, refinancing options by reviewing the eligibility criteria to include more struggling homeowners could be helpful to the housing sector.

Tax benefits: President Barack Obama and Congressional Democrats have been extremely diligent in this respect.

Tax breaks to 99% represented by average Americans, small businesses, corporations creating or saving employment, payroll taxes, tax exemption to seniors with moderate income $50,000 or less, consumer rebates and credits on home and automobile transactions – proof is in the data for 77% of the allocated stimulus fund has been invested.

The recent $26 billion bill for unemployment benefits extension and the federal aid to cash-strapped states to prevent job losses as well as essential programs termination directly influence consumer spending.

Investments in infrastructure projects such as highways and roads, the electric power grid, dams, bridges, levees, water mains and sewer systems, airport, public transportation system expansion by building new high-speed passenger rail systems were in the job creation proposal.

Although, the target is – 900,000 – 2.3 million jobs, it’s distributed across the economic spectrum ranging from green jobs, infrastructure, manufacturing and service sector to small businesses.

A bulk of it to be absorbed by the private sector contrary to the false propaganda on the alleged government take-over of the free market.

President Barack Obama’s timely intervention in the auto industry attracted criticism from the opposition.

Nonetheless, today the state of Michigan that was worst hit in the economic recession is experiencing job growth in the auto industry due to the Obama administration rescue plan.

Stimulus package has been directed towards saving multitude jobs for the beleaguered local school districts that threatened teachers’ salaries with layoffs and cutbacks,

Federal grants to make education affordable for students – Pell Grants for college education and ‘race to the top’ federal funds for schools across the nation.

Adequate medical coverage for military members and their families and $1 billion for the Veteran’s Administration – which suffered severe cutbacks under President Bush and Vice President Dick Cheney that led to the Walter Reed Army Hospital closure at the peak of Iraq and Afghanistan wars.

In an effort to care for the children and seniors – Food programs for low-income Americans, including $150 million to help refill food banks, $100 million in meals programs for seniors, and $100 million for free school lunch programs – all ignored by the former administration.

Deficit management is possible with the troop withdrawals from Iraq and Afghanistan, constrain defense expenditure, health care costs savings and economic surge producing revenues, besides optimizing GDP growth through exports.

Above all, President Barack Obama and the Democrats legislative successes are phenomenal.

Historic reforms in finance and health care in tandem with bipartisan committee on deficit control deserve recognition.

The economy, jobs and the housing market are the President and the Congressional Democrats’ priority and they continue to explore all options in expediting the economic recovery.

If not for their hard work and determination to improve American lives, the pessimistic view on the economy would have prevailed.

Congratulations! To President Barack Obama, Vice President Joe Biden, the Congressional Democrats and the selective Republican members for the milestones reached thus far and the impending legislations to move our great nation forward.

All the more reason to elect the Democrats for a super majority in the House and the Senate, so that President Barack Obama can complete the tasks in every respect, particularly accelerating the job growth, stabilizing the economy and energizing the housing market.

A great future is certain with President Barack Obama, Vice President Joe Biden and the Democrats majority in Congress.

Please visit the DNC, DSCC, DCCC and DGA websites for your generous contributions to elect the new and incumbent democrats in November 2010.

Thank you.

Padmini Arhant

Relief to the Unemployed Citizens through Jobless Benefits

July 20, 2010

By Padmini Arhant

Congratulations! To the millions of Unemployed citizens whose jobless benefits expired in June 2010, now have the means to support them while they are looking for work.

Job search is a stressful experience in a tough economy with millions competing for fewer jobs in the job market.

The extension revival by the Democrats and two Republican Senators Olympia Snowe and Susan Collins is a saving grace for the Americans out of work and the slow economic recovery.

An estimated five million people is expected to be relieved through this measure for they will receive allowances up to 99 weeks averaging $309 a week.

The long fought legislation survived the filibuster threat despite the majority in the opposition along with a lone Democrat, Ben Nelson from Nebraska voting for it.

It appears that the newly sworn in West Virginia Democrat Senator Carte Goodwin’s vote was crucial to move forward for the final Senate approval.

The contentious issue was the $34 billion benefit extension cost being added to the $13 trillion national debt instead of being provided for with cuts in the $3.7 trillion federal budget.

Although, the national debt is a legitimate concern with a valid proposal for funding the legislation, the Republican Senators could have identified the reallocation from the $3.7 trillion federal budget if they were seriously committed in helping their unemployed constituents and the people across the nation.

However, it’s never too late to review the federal budget to eliminate wasteful spending and prioritize economic activities such as this legislation over less important or extravagant budget expenditures.

As stated earlier, job creation and sustenance is an immediate requirement and the unemployment benefit is a catalyst to stimulate consumer spending that would promote the retail industry and the small business sector, the two most significant bases contributing to the ripple effect on the manufacturing, wholesale and the service industry in the economic recession.

Expediting job growth in the retail industry and small businesses is vital for long-term economic progress.

The argument about the out-of-control spending is more appropriate in the alarming defense budget with no auditing or accountability factor. Moreover, the extraordinary investment has not delivered the desirable results thus far.

Ironically, the ‘deficit’ is not an issue in the bipartisan legislation to increase defense funding for the wars in Afghanistan, Iraq, Pakistan and Yemen including the U.S. military bases around the world.

Whereas in the economic aspect the mere existence has been challenging for many and with the opposition blocking funding to the struggling states, the current federal aid is a lifesaver besides being an economic stimulus.

Even if the economic prospect is downsized, any improvement in people’s daily life enables them to endure hardships without losing hope.

According to the latest reports, the unemployment rate in many states is on the decline.

Any attempts to jumpstart the economy would restore consumer as well as investor confidence.

Jobs, housing market and economy have a major impact on the electorate anytime more so in the election year.

Thank you.

Padmini Arhant

Extending Unemployment Benefits – House Bill Failed By Three Votes

June 29, 2010

By Padmini Arhant

Less than an hour ago, the House of Representatives’ concerted effort to revive the bill extending unemployment benefits to the millions of people representing the stars and stripes fell short by three votes in the two third majority requirement.

Yea – 261 votes. Democrats – 231 and Republican – 30.

Nay – 155 votes. Democrats – 15 and Republican – 139

Not clear on the remaining single nay vote.

Despite the citizens’ plea to Congress members to pass the bill through bipartisanship,

By revealing their deteriorating economic situation due to the weak job market, severe recession and the unemployment benefits expiration,

The ‘Nay’ Sayers on both sides rejected the public plight to allow politics prevail over people’s life.

Legislation failing by three votes that could have salvaged millions from becoming homeless is a tragedy and a sad day for democracy.

Regardless of the political differences, ignoring the harsh realities experienced by the people across the nation is incomprehensible and speaks volume about the individual priority.

Perhaps, the lawmakers possessing the power to improve lives have a legitimate explanation for their action depriving the American families, the means viz. unemployment benefits and tax breaks for small businesses to cope with the dire economic crisis.

Human nature is to protect, preserve and nurture life, not aid in their destruction.

Unfortunately, the current trend is ominously in favor of the latter.

Anything that is detrimental to human existence and life threatening has overwhelming support in the political and judicial system fomented by certain news media.

On the contrary, the bills pertaining to economic recovery and legal issues on life sustenance is defeated with no concern for the consequences.

The reasons behind such decisions are usually related to personal and political ideology.

When human beings have the power to help others in their suffering and they willfully act against their conscience, it is clear that they are guided by their illusion rather than intuition.

The real joy and success is measured by the selfless activities i.e. without any expectations in return for promoting progress among the less fortunate in the society.

Any work performed for greater good often accompanied by empathy makes life worth living.

Notwithstanding the eternal bliss –

For health, wealth and power are meaningless without inner peace and happiness.

Something that cannot be achieved by superficial sources in life.

It’s a sincere hope that the Congress members in the House and the Senate elected by the people to address their needs would reconcile the disagreements with the majority and collectively resolve the national crises hurting their constituents and the citizens at large.

Thank you.

Padmini Arhant

Citizens Plea to the Senators on Jobless benefits and Health Bill

June 28, 2010

By Padmini Arhant

The unemployed citizens have presented their desperate situation with the hope of getting some help.

It’s not always easy to be open and upfront to the world about one’s life.

It requires honesty. Honesty demands courage.

The citizens’ message has adequate reasons and highly inspirational, apparently a prerequisite in approaching the elected officials for their votes on life and death matter such as jobs and health related bills.

A lawmaker’s constitutional duty to serve the citizens at all times more so during critical hour is portrayed as a favor or mercy towards their subjects by the authorities and certain news media.

If these messages do not change the ‘Nay’ votes to ‘Yea,’ votes, then ‘compassion,’ and ‘righteousness’ have lost their meaning.

Meanwhile, anyone who could assist these citizens to cope with the difficult circumstances would be not only saving lives but also providing the nation with additional taxpayers through their employment.

Your kindness is much appreciated.

Thank you.

Padmini Arhant

Please read the message from the citizens pleading for survival means. Thanks again.

The URL or any other information about job sites and financial aid may be posted in response to citizens’ comment on this website against appropriate articles. Thanks again.

1.” JOE: From Why Senate must act immediately on the Unemployment Benefit Extension?,
2010/06/27 at 4:44 PM

THE REPUBLICANS FILIBUSTERED THE VOTE TO TRY TO MAKE THE DEMS LOOK BAD.

I CAN ALMOST HERE THE ANTI CAMPAIGN COMMERCIALS NOW.

This is political nonsense at its best.

THEY HAVE TO VOTE BY THIS WEEKEND BEFORE THEY GO ON VACATION (THAT’S A JOKE IN ITSELF)

I HAVE NO INCOME COMING IN, MY 26 WEEKS ENDED LAST SUNDAY.

ARE WE CHASING THE GHOST OF TOM JOAD?

I’VE BEEN KNOCKING DOWN DOORS FOR A JOB, NONE EXIST.

WITH A DAUGHTER ENTERING HER SOPHOMORE YEAR OF COLLEGE, THERE’S NO WAY TO HELP HER ALONG THE WAY. CELL PHONE DUE, RENT DUE, CAR PAYMENT DUE.

GAS TO FILL UP MY CAR. UTILITIES TO PAY.

I’M A SINGLE FATHER, I CAN’T SURVIVE WITHOUT THE EXTENSION…PRAYING THAT THE JOBS WOULD COME, BUT THAT’S LIKE ASKING A FARMER TO RAISE CROPS WITH NO WATER…

PLEASE, FOR THE LOVE OF GOD, SENATORS, GET YOUR…BACK TO WORK AND,

FIGURE OUT A WAY TO GET A BILL SIGNED. AND CREATE MORE JOBS BY YEARS END…OUR FUTURE, WITHOUT IT, IS THE GRAPES OF WRATH REVISITED ALL OVER AGAIN…”
————————————————————————————–

2. “out of benefits in Ohio:

From Senate Block Vote on Unemployment Benefits Extension and Delay Medicare Reimbursements, 2010/06/28 at 8:35 AM

To Padmini Arhant,

You are so full of it.

Congress is ignoring everyones plight.

While they spend money for big dinners and jets and cars, we the working class get to live in the streets.

I guess the ILLEGAL immigrants are more important to Washington than the citizens of the US.

Washington is spending $10.4 Billion/year on them.

Because I don’t have children at home, I can’t get medical care for my wife.

I can go to the VA but they won’t give me 2 of my meds for a heart condition because some government agency decided I didn’t need them.

Meanwhile I see drug addicts and dearlers getting all kinds of help. I hope that you never have to rely on your government to take care you….”

G-8 and G-20, 2010 Summit – Toronto, Canada

June 27, 2010

By Padmini Arhant

A warm welcome to the world leaders attending the back to back G-8 and G-20, 2010 summit in Toronto, Canada.

The G-8 summit held on Friday, June 25, 2010 appeared to focus on the common economic issues such as financial regulations, deficit reduction and economic aid to disadvantaged countries on the financial side.

International peace and security – the leaders’ discussions are expansive from Iran’s controversial nuclear program, disarmament of North Korea, war in Afghanistan, Pakistan including the tensions in the Middle East.

Also in the agenda is the African leaders outreach on economic progress.

Social issues are related to protecting women’s health viz. maternal well being and infant growth in the regions lacking in antenatal care.

It’s important to begin with the financial sector and the economy for this topic.

Congratulations! To President Barack Obama, Speaker Nancy Pelosi, Senate Majority leader Harry Reid and the Congress members for the bipartisan votes in the long overdue financial reform.

It’s a major milestone and a fresh beginning to avert future financial crisis responsible for the global economic meltdown with spiraling effects on the housing, credit and job market.

Other industrialized nations like Germany passed their financial regulation with a mandatory deficit reduction. The constitutional amendment by Germany to contain the deficit to 0.35 percent of GDP by 2016 provided the higher deficit not attributed to GDP decline is a trendsetter in curbing the economic recession.

Similarly, the United Kingdom, Japan and the hard hit economies with huge deficits are in the process of clamping down on the national debt through fiscal austerity and tax hikes.

The deficit reduction is the popular stance among the member nations in this summit.

Although, containing national debt is an immediate priority, the measures to achieve the desirable goal needs to be balanced, so that the vulnerable population like children, senior citizens and the people with disabilities or life threatening conditions are not deprived of basic services from the targeted spending cuts.

Maintenance of social services and programs availed by the citizens across the spectrum would prevent the inevitable outcome – For the elimination would lead to unsustainable economic costs impacting health, education, housing, consumer spending, states’ emergency units – fire and police departments.

Notwithstanding the potential increase in domestic crime rate that had been relatively low nationwide.

Likewise, raising taxes on health and environmentally harmful sources is a place to start due to the dual cause. It would protect the people and the habitat while generating revenue to pay off the accumulated debt.

In the United States, the legislation aimed at economic revival and federal aid to the states for essential programs is challenged by the opposition minority based on their national debt concern.

It’s a legitimate reason but the disapproval is directed at the nerve center of the society.

By denying unemployment benefits to the laid off workers and,

Blocking federal aid to the states is an erroneous decision. States’ employment would be affected leading to massive retrenchment resulting in tax revenue losses.

Already, some states have furlough hurting many American families. In addition, the states offer lifeline support to many contributing back to the system via taxes as wage earners and consumers.

Despite the reality, the ‘Nay’ vote defies logic.

There are ways to pay for these bills by reallocating the unutilized funds in defense spending and pet projects. Moreover, there cannot be anything significant than helping the workers survive and enable them to be gainfully employed yielding tax payments.

Ignoring citizens’ plight has much higher economic and political ramifications.

Therefore, the stimulus bills with guaranteed tax returns are the means to expedite economic recovery.

Since globalization is embraced as the twenty first century economic policy, the anomalies in the system beckon the world leaders’ attention.

There is an urgency to implement international labor and environmental laws binding on transnational corporations to safeguard the environment and the workers’ interest against exploitation, negligence including fair and equal compensation regardless of territories.

Even though, the child labor is banned in some developing nations, the practice is widespread in the desperate parts of the world often engaged by the established multinational companies from the industrialized nations.

Stringent strategies against financial investment firms’ speculative activities that led the Greece and the neighboring economies to the brink of collapse are quintessential in the sweeping financial overhaul.

Some have addressed the problem by enforcing strict rules on the ‘derivatives’ and hedge fund mismanagement in the financial reform. However, the global standard would strengthen the application.

Currency adjustments by the emerging economic power creating trade imbalance and subsequently influencing the rising deficit financed by the creditor is yet another matter to resolve in the present meeting.

Tax havens and withholding income from offshore investments by corporations are impediments to the struggling economies irrespective of stature. Again, cooperation from the G-20 partners facilitating such activities is to be sought on this occasion.

Clean energy to free mankind from fossil fuel and nuclear technology is crucial to replace the discriminatory civilian nuclear program paving way for nuclear proliferation.

Global terrorism and security – Coordinating with international intelligence agencies as opposed to militarization or deploying military personnel on espionage to collect information is a serious violation of the respective nations’ sovereignty. The clandestine military operation is bound to exacerbate the insurgency in the volatile regions forcing the local population to favor the militants reluctantly against the infiltrators.

The article titled “U.S. Military Espionage – Directive for Global Operation,” May 30, 2010 highlighting the inherent dangers of the provocative activities, was presented under the “National and Global Security,” category on this website for further understanding.

International Peace Agreements – Unanimous condemnation of Iran and North Korea nuclear capabilities and belligerent displays against neighbors is a positive step.

Similarly it should be extended to allies violating human rights through illegal invasion and occupation of land, prominently Israel and China viewed by the international community as the U.S and Europe’s ‘turn a blind eye,’ foreign policy.

Actions are effective and meaningful when they are universal and not selective in the enforcement.

Other nations like Thailand cracking down on civilian population with military might in public square deserve international isolation for successfully thwarting the democratic uprising against abuse of power.

Democracy has become a token political system undermined by excessive military involvement and constitutional monarchy as seen in Thailand.

Burma/Myanmar belongs to the league in brutality against its citizens by the military junta reportedly occupied with the nuclear activity.

Worldwide nuclear disarmament is the course to pursue for global peace.

In other humanitarian issues – whether it is women’s rights, social justice or dealing with hunger, poverty and disease, they are all related to the political power governing the nations.

United States, EU, United Nations, Arab countries and emerging economic powers have a decisive role in promoting democracy, peace, human rights, economic and social progress by remaining impartial and committed towards the noble mission.

Best Wishes to G-8 and G-20 nations attending the 2010 summit.

Thank you.

Padmini Arhant

Republican Senators kill the Jobless Benefit bill

June 25, 2010

By Padmini Arhant

On Thursday, June 24, 2010, the Republican Senators unanimously voted against the jobless benefit and job creation bill that could have not only averted millions of American families from becoming homeless but also enormously boosted the small business and medium corporations with the necessary tax breaks to prevent layoffs.

Although, it comes as no surprise given the GOP Senators track record on any legislation since 2009 that has been passed with predominantly Democrats votes,

This particular legislation was aimed at economic revival and providing relief to the long term unemployed workers laid off due to corporate downsizing in a bad economy.

The GOP members’ decision against the life saving and economic recovery bill has the following consequences.

According to the Senate Democrats:

“The demise of the bill means that unemployment benefits will phase out for more than 200,000 people a week.

Governors who had been counting on federal aid will now have to consider a fresh round of budget cuts, tax hikes and layoffs of state workers.

This is a bill that would remedy serious challenges that American families face as a result of this Great Recession,” said Max Baucus, D-Mont. the chief author of the bill.

This is a bill that works to build a stronger economy. This is a bill to put Americans back to work.”

Essentially, the Republican Nay Sayers have successfully exacerbated the joblessness, economic recession and contributed to the state workers massive retrenchment.

All under the pretext of reducing national deficit, when in fact their partisanship has escalated unemployment depriving the economy of taxpayers to reduce the national debt.

Such bizarre political pitch is a direct assault on the American taxpayers-cum-electorates’ intelligence, besides adding insult to their injury.

Their fiscal policy – “Penny wise and pound foolish,” has been a miserable failure thus far.

The Republican lawmakers’ sudden consciousness for fiscal responsibility has come ten years late.

Only had they been conservative with the wayward spending during the period they were in control of the executive and legislative branch by reining in on the Bush-Cheney Machiavellian economic and war policy that has led to the status quo worldwide, the current obstructionism is purely political than fiscal.

Again, the Republican members’ misplaced priority in their approval of illegal wars that has bankrupted the economy and claimed over million lives juxtaposed to them rejecting the job creation bills guaranteed to reverse unemployment and vastly improve American lives is oxymoron.

The voters attention towards GOP systemic sabotage of American living standards is imperative, especially in November 2010.

The recent polls revealing the GOP lead in spite of their strong opposition to American progress is indicative of the lack of public awareness and selective media false propaganda.

Not to mention the inherent dangers of electing the Republican candidates determined to erase the dwindling middle class with an utter disregard for the lower income families.

It’s time for every unemployed individual hurting from the severe job loss and economic crisis – the Republican administration’s legacy to American families, to rise to the occasion and demand that the Republican members in the Senate honor their constitutional oath to serve the American interest and not their specific political agenda.

The GOP Senators’ dismissal of the American families represented by their own base along with the independent voters speaks volume about their commitment to drive the once thriving nation to oblivion.

Unequivocally, they prevailed in the past decade leading the nation to the point of diminishing return.

American democracy taken for granted and the disturbing polls suggest the GOP political maneuvering to stay ahead by distortion, while their performance in the Senate has been detrimental to Americans across the political spectrum.

The 200,000 jobless benefit recipients denied survival means by GOP Senators should dissent the gridlock and insist they deliver the votes required in the jobless benefit extension and every other legislation.

Regardless, the people should rally behind the Democrats at the State and national level, for they are the only hope in alleviating the burden on the American workforce and taxpayers.

Please send your affordable donations to the Democratic Party – DNC, DCCC and DSCC in Washington D.C. and help them secure supermajority in both houses of Congress to set the great nation, the United States of America back in motion.

The grassroots movement can make it possible as witnessed in 2008.

All those individuals affected by the economy and struggling to make ends meet need to turn the tide by replacing the GOP Senate filibuster with Democrats active participation for personal and national good.

Complacency to GOP tradition – stall and kill the bill is equivalent to rendering democracy powerless.

Meanwhile, the Medicare bill delaying the proposed 21 percent cuts in payments to doctors until November 2010 was passed as a stopgap measure to rescue the senior citizens and the disabled patients.

The bipartisan agreement to increase payments to providers by 2.2 percent is a temporary aid to the Medicare program beneficiaries.

Nevertheless, the partial legislation is appreciative.

Needless to state that the unemployment benefits extension would have salvaged the approximately two million families declined help by killing this bill.

Politics discrediting and attempting to weaken the target using the suffering population as pawn is counterproductive.

As stated on numerous occasions, negative emotions hurt the ones harboring more than the ones it is aimed at.

Real intentions behind any destructive course become known for truth cannot be camouflaged.

Nation flourish on solidarity among the powerful with the power to improve lives not the contrary.

Thank you.

Padmini Arhant

Why Senate must act immediately on the Unemployment Benefit Extension?

June 23, 2010

By Padmini Arhant

From: An Unemployed Mother in her comment to the earlier published article :

“Senate Block Vote on Unemployment Benefits Extension and Delay Medicare Reimbursements,”

unemployedmother: 2010/06/23 at 7:16 PM:

“You are missing one key point. The longer the senate waits to vote on this, the more people, including myself and my two sons, will have been made homeless because we cannot pay the rent. I have no money, my phone was cut off due to unpaid bill, my electricity will be next, but that doesn’t matter, I will have no home. Without a home, how are we supposed to vote…for we will have no known address.”

Moment of Reflection: By Padmini Arhant

To the Republican Senators and others stalling the legislation:

How many more victims must come forward pleading for help?

How long must they endure the political stalemate, ultimately affecting the suffering population?

Failure to vote in the legislation such as the unemployment benefits to the laid off workers for no fault of their own and the millions having become homeless in the miserable economy, the Bush-Cheney legacy to the American families – is negligence of constitutional responsibility.

Lawmakers are elected to act on behalf of their constituents and citizens across the nation on all of these issues.

Instead, the GOP members are pledged to ignore the voice of the people, assuming them to be a mere formality in the political process.

If the gridlock continues, it would be detrimental to the political party espousing the undemocratic strategy.

People are fed up of the political shenanigans displayed in every legislation rendering Congress, the republic’s chief representative in a democracy, a malfunctioned authority.

Hopefully, the Senators especially the Republican members will pay attention to the rising temperature among the exhausted population awaiting the opportunity to replace those who don’t deliver with the candidates dedicated to the people electing them to power in a democracy.

Time is running out for the legislators determined to widen the gap between the haves and the have-nots.

The hurting population are anxiously waiting to end the Washington tradition i.e. stall, filibuster and kill the bill.

Not anymore, for the citizens are energized to eliminate inaction and reinstate action in Washington, come November 2010.

Thank you.

Padmini Arhant

Senate Block Vote on Unemployment Benefits Extension and Delay Medicare Reimbursements

June 23, 2010

By Padmini Arhant

In the past week, the United States Senate was presented with the two most important bills directly affecting the average Americans survival.

According to the reports, the GOP rejected the $24 billion aid to the long-term unemployed citizens in the cash-strapped state governments and the several tax breaks renewal for businesses and individuals.

Apparently, the 56-40 vote on June 17, 2010 fell short of four votes to avoid GOP filibuster. Without any Republican votes for the measure, the Nebraskan Democrat Senator Ben Nelson along with the Connecticut Independent Senator Joe Lieberman contributed to the filibuster.

Today, the Ohio Senators’ repeat attempt to revive the bill by emphasizing on the urgency of this extension remained unsuccessful.
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Per: http://www.wkyc.com/news/local/news_article.aspx?storyid=138410&catid=3 – Thank you.

Ohio’s Democratic U.S. Sen. Sherrod Brown told fellow Senators that “more than 57,000 Ohioans — about the size of Elyria, Ohio or Mansfield, Ohio or twice the size of Zanesville — more than 57,000 Ohioans are estimated to have lost unemployment benefits since the extension ended in May, a month ago.”

“If the Senate does not pass an extension, that number will increase dramatically. More than 90,000 Ohioans could lose their benefits by the end of June. That is more people than live in Youngstown, more people than live in Springfield, more people than live in Cleveland Heights or Lakewood.”

Brown said that, nationwide, since the beginning of June, some 900,000 workers have run out of jobless benefits. That number will surpass 1 million by the end of this week.

Brown said today that he is very disappointed by the obstructionists’ moves to stop the extension of benefits.

“Senate Republicans are denying tens of thousands of Ohioans — and thousands of people in New Hampshire and hundreds of thousands of people in California and Texas and Florida — the Republicans are denying tens of thousands of Ohioans the unemployment insurance benefits they have earned during years of hard work,” Brown told fellow Senators.

“I ask my Republican colleagues who consistently vote no to try to empathize with those who have less privileges than we do, who don’t have huge staffs and don’t have a good salary and don’t have good insurance and don’t have a secure place to live, what their lives would be like if any one of us lost all of those privileges. I think it would make a difference in how they vote.”
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Perspective – By Padmini Arhant

It’s evident from the Ohio Senators’ case scenario that the situation is dire for the citizens in many states with higher unemployment.

Denying thousands of workers the means to cope with the economic recession amid rising or stagnant joblessness under the pretext of national debt or demanding that they are paid for prior to approval is a misplaced priority.

Where the Republican members should be arguing for the prepaid funding is, unnecessary wars such as Iraq and now Afghanistan including the perilous offshore drilling contributing to colossal costs witnessed at present.

It’s common knowledge that the GOP members and the few Democrats against the bill have willfully authorized the defense funding for the prolonged wars and claim no objection to the environmental damages via offshore drilling…

The Nay Sayers fail to recognize the consequences of their action or the lack thereof, leading up to the status quo exacerbation.

When the national figure for jobless benefit is expected to reach a million by the end of this week, the complacency is the affirmation of the elitist least bothered about the populist plight.

Ignoring the struggling families’ desperate economic needs based on partisanship more than fiscal responsibility is politics superseding national interest.

Although, the estimated $13 trillion national debt is a legitimate cause, the divestments from other sources with excess budget allocation including the pork barrel spending could be utilized for this important legislation.

Citizens cannot be possibly deprived of existence in the worst economy and the Republican lawmakers’ argument in this respect does not bode well, considering the positioning is purely aimed at winning conservative support in 2010 elections.

As for the isolated democrats and the independent Senator Joe Lieberman, the clock is ticking with the diminishing public patience on all issues. The proof of the pudding is in the electoral outcome.

Increased awareness and harsh experience by the electorate is a political gamble for the incumbents and the new challengers in the coming election.

People are tired of gridlock and, the ominously missing empathy among the obstructionists is a blatant dismissal of the economic reality endured by the voters.

Therefore, the ideal strategy to resolve the bill passage would be to identify the redundant funds in the fiscal budget and reallocate them for the unemployment benefit extension as well as the retrospective Medicare payments towards health care service.

Regarding the Medicare decrease in doctor payments: The belated Senate vote to spare doctors a 21 percent cut in Medicare payments is proved to have escalated the administrative costs for the providers and the taxpayers.

Much to the AMA (American Medical Association) frustration and AARP, the seniors’ lobby disappointment, the Congressional delay in the particular legislation is stated to affect the large health care program availed by 46 million elderly and disabled people.

Further, the claims processed at the lower rate are forcing many physicians to stop accepting Medicare patients while others considering dropping out of the Medicare program.

The cut appears to have had a direct impact on the billings for the early part of the month because of the Congressional reprieve expiry on May 31, 2010.

Seemingly, the lawmakers’ failure to act earlier is drastically hurting doctors’ cash flow and subsequently the beneficiaries, i.e. the most vulnerable groups in the society – the senior citizens and the disabled population, who also happen to be the nation’s substantial voting bloc.

It is obvious from the facts and legislative events that the representatives declining to vote on the pivotal legislations viz. unemployment benefit extension and Medicare payments to doctors attending to seniors and disabled patients are adding to the national debt crisis rather than alleviating the taxpayers’ burden.

GOP Senators and the Democrats aligning with the Republican members in the voting process are miscalculating the fiscal ramifications and the inevitable political price for their decisions.

It’s essential for the victims in these two vital legislations to distinguish between those who represent the people from the ones’ sworn allegiance to the special interests – health insurance industry and the likes.

Please remember that ‘Change is made possible by the people.’

For the voters have the ultimate power in a democracy.

Thank you.

Padmini Arhant

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