Economic Recovery Plan (ERP)

February 3, 2009

It is obvious from the headlines and news editorials across the nation that the economy is in deep recession.

San Jose Mercury News January 31, 2009 – Thank you.

GDP plunges at 3.8%, worst slide in quarter century

Autos – Valley car sales hit 15-year low – and 2009 looks worse

Wall Street – Worst January ever as Dow drops 8.8% this month

Washington – bruising battle over stimulus, Obama acts to bolster labor

Mortgage crisis spreading to affluent areas.

Meanwhile – Exxon Mobil sets U.S. record; $45.2 billion annual profit.

World Economic Forum in Davos, Switzerland concludes that the world is dealing with financial crisis with no solutions.

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Optimistic View

Despite such gloom and doom, there is light at the end of the tunnel.

A thorough review and analysis of the problems that primarily contributed to the current economic crisis is essential in understanding the fundamental cause of the present economic recession.

Then addressing each issue on priority basis including the failure of various stimulus packages by the previous administration must be an integral part of the remedial measures for the economic recovery.

It is common knowledge that the origin of the current recession stems from various sources,

1. Subprime mortgage crisis contributed to housing market decline.

2. The major components attributing to the decline in housing prices are foreclosures due to default homeowners and delinquencies in mortgage payments.

3. Financial institutions holding high-risk mortgage backed securities sought bailout of their insolvency with taxpayers’ generosity.

4. Banks and other financial institutions decided to stranglehold the credit market leading to liquidity freeze with an adverse effect on consumer based industry represented by small businesses, retail outlets, medium corporations and homeowners alike.

5. Small businesses, Retail industry and medium corporations as the foundations of the economic infrastructure could not survive or sustain growth in the absence of credit facilities blocked by the financial institutions.

6. As stated earlier on numerous occasions, the collapse of small businesses, retail industry and medium corporations have a domino effect on wholesale manufacturers ultimately owned by major corporations in any industry.

7. Hence, the layoffs triggered from the bottom of the economic pyramid spread across the aisle and all the way to the top affecting emerging and viable corporations in many sectors.

8. As a result, the unemployment rate went soaring up to 7.8% with most states reporting double digit in this respect.

9. The credit crunch combined with housing market crisis significantly hurt investor confidence and led to the selling frenzy of stocks and investments by short term and new investors in the stock market. In addition, the current static in the credit market and the general economy has forced average consumers to live off their investments and savings.

10. Despite, capital infusion through bailouts and consistent productivity by all industries, the dismal stock market performance is related to poor earnings from the sluggish consumer spending in the competitive market and globalized economy.

Therefore, Consumer spending is the catalyst for revival of the job sector and corporate growth with desired earnings eventually reflecting in the stock market performance.

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Primary Cause and Effect

Housing market crisis – Decline in housing prices due to Foreclosures, Delinquency in Mortgage Payments with no refinancing opportunities.

Liquidity freeze or Credit Crunch – Small businesses, Retail industry and Medium Corporations deprived of cash flow by banks and financial institutions declared bankruptcy and subsequently the manufacturing sectors as well as the large Corporations producing mass layoffs.

Inadequate Consumer spending – Because of rising unemployment and scarce financial resources with no access to home equity other than dwindling investments in savings and stock holdings.

Lack of Accountability and Transparency from previous bailouts – Wall Street bailout of $700 billion have not been followed through with Corporate executives rewarding themselves to a tune of $20 billion in extravagant bonuses and perks.

Inaction and dormant role by the Congressional Oversight Committee set up for overseeing the purpose of bailout i.e. activate lending to the deserving and qualified business sectors and homeowners has further exacerbated the credit crunch.

Alarming Deficit – Multi-trillion dollar deficit accumulated by the previous administration from excessive borrowings predominantly from China, Saudi Arabia and Japan precipitously diminished the dollar value in the international market.

GDP plunges because of trade imbalances and culmination of all of the above factors in the domestic front of the frail economy.

Financial Commitments – Funding two major wars in Iraq and Afghanistan exhausted the national treasury and reserves besides overshadowing the onset of economic recession at home.

Wasteful Spending – Some legislators’ penchant for pet projects aka pork barrel spending or earmarks to oblige excessive lobbying from campaign donors led to misappropriation of budget replacing funding for essential services benefiting children, disabled and mentally ill patients, senior citizens, veterans, youth population, retirees and all those at the bottom of the socio economic strata.

Ironically, budget is vigorously debated over matters that are counter-productive while ignoring the myopic view of issues…

Universal health care

Energy efficient programs

Overhauling of educational system particularly public schools, state and community colleges through adequate funding.

Effective environmental policies.

Investments in science and technology to advance research and development in the areas of stem cells, regenerative medicine and Genomics.

Creative Arts and learning with a broad perspective of cultural exchanges between nations.

Space exploration in search of knowledge and facts for humanitarian cause.

Channeling appropriation of funds towards Peace Corps to promote peace and diplomacy for national security as opposed to defense spending and proliferation of nuclear technology.

Veteran Affairs involving care and rehabilitation of combat forces during and post war period as well as extending housing, education and health care for their dependents.

Expansion of Sports and recreational activities for public schools and communities through federal funding to States as a measure to keep health care costs down.

An elaborate version will be presented on what federal and state governments can do for the citizens who are taxpayers, consumers and most importantly electorate in a democracy.

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Time for Action – Effective Strategies

Since the cause of the economic crises have been identified, it is time to address the problems with effective solutions i.e. strategies.

The nation desperately needs relief from the burgeoning crises:

Housing market crisis – Immediate measures required with a moratorium on foreclosures for two years supplemented with refinancing for default and delinquent mortgagees at the existing market rate or lower to adjust the deficiency in home value.

Liquidity Crisis or Credit Crunch – It is incumbent on the Treasury Secretary Timothy Geithner and the Federal Reserve Chairman Ben Bernanke along with Congress and the Congressional Oversight Committee to hold Wall Street accountable for the $700 billion taxpayers’ funds and demand they facilitate liquidity and honor the commitment to the taxpayers.

Failure to comply with the requirement should have implications such as sale of all those beneficiaries’ assets and financial instruments withheld as collateral during borrowing assuming the previous administration adhered to the regular lending practices particularly a bailout of this magnitude.

Corporations and legislators alike must be held accountable for their actions and inactions to demonstrate that no one is held above the law in the land of republic.

Consumer Spending President Barack Obama’s economic stimulus package for $819 billion passed by Congress and now the proposed package worth $867 billion for Senate approval deserves attention and action.

As discussed above, consumer spending is vital and instrumental to stimulate economy.

Again, consumers as victims of mass layoffs, debilitating job market, volatile stock market, and declining housing market have nothing to rely upon for income normally used in purchase of goods and services.

The cash strapped economy has evolved into a stagnant quagmire with disastrous consequences. It is imperative to relieve the economy with necessary tools that are contained in President Obama’s stimulus package.

President Barack Obama has unveiled the American Recovery and Reinvestment Act to revive the economy by easing the burden on consumers with debts, failing small businesses as well as Corporations in requirement of capital investment.

President Barack Obama during his weekly radio address acknowledged the urgency to get credit flowing again to families and businesses. The President further promised to help lower mortgage costs and extend loans to small businesses so they can create jobs.

The administration, the president said, would ensure that chief executives “are not draining funds that should be advancing our recovery,” and the assistance to the financial system would be accompanied by “unprecedented transparency, rigorous oversight and clear accountability, so taxpayers know how their money is being spent and whether it is achieving results.”

The President was empathetic towards homeowners, students and small businesses in need of loans but left to fend on their own while Banks have been extended a hand with a bailout.

There is obviously a stark contrast in the objectives between the stimulus package of last year and the current one by President Barack Obama.

According to an article by New York Times on this issue – “The previous administration’s The Troubled Asset Relief Program (TARP) was supposed to be used up to buy the banks’ troubled mortgage-related assets. But, the Bush administration’s Treasury Department shifted gears, using the program instead to shore up the banks by injecting them with capital.

But instead of being inspired to lend more, too many banks hoarded their new capital, critics of the financial industry say.”

President Obama is seriously committed towards alleviating the suffering of ordinary citizens with necessary tax breaks of $500 for individuals and $1000 per family and tax incentives to small businesses including corporations with limited resources.

The Obama administration’s economic stimulus package has specific targets to bolster the economy and welcome sharing of public concerns on issues related to jobs, business, mortgage situation…

Since the commencement of his Presidency, the President has pledged support for the victims of the worst economic crisis. It is apparent from the actions taken within short period of the President assuming office.

The new millennium has brought series of disasters on our nation with the economy hitting rock bottom. There are undeniable challenges ahead and it requires the entire nation to come together in resolving every crisis.

Even though, a new President was elected on the message of hope and change , it is the responsibility of every citizen and particularly the legislators as representatives of their constituents to act immediately in the approval of the proposed stimulus package.

Any procrastination will only lead to further deterioration of the worsening economy. It is not the time for partisan politics as the stakes are high with too many unfortunate events unfolding as time goes by.

The victims are none other than the electorate entrusting power to their legislators for action on normalization of job, stock and housing market.

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Summary of Economic Recovery Plan

President Barack Obama’s stimulus package is essential to revive consumer spending, housing market, job market and corporate growth directly influencing stock market performance.

It is important to ensure that pork barrel spending does not find its way in this stimulus package during deliberation by reluctant policymakers.

Economic recovery is inevitable with discipline, determination and drive –

To eliminate or minimize costs proven liabilities.

Strategic planning and monitoring through rigorous oversight.

Implementation of effective policies with guaranteed results.

Targeting problems with efficient programs.

Restoration and preservation of jobs through investments benefiting the workforce.

Reviewing tax structures to create incentives for business sectors dealing with liquidity crisis.

At the same time closing any gaps or loopholes for tax evasions by corporations and legislators.

Relieving homeowners with appropriate measures as suggested above.

Reform of institutions lacking in ethics and moral conduct.

Enforcement of law and order with consequences for non-compliance regardless of hierarchy.

Conscientious effort to reduce deficit by restraining overseas borrowing and commitment towards domestic economic growth within a specified timeframe.

Pursuit of common goals and objectives via collective action is important reflecting every individual’s desire to succeed in all endeavors.

Our nation provided opportunities, prosperity and happiness during economic boom and now it is the moment for all citizens to collaborate and help our newly elected President Barack Obama execute the tasks required for speedy economic recovery.

The fate of our nation is hanging in balance from the monumental crises and legislators in the Senate have an awesome responsibility to move forward and approve the economic stimulus package proposed by President Barack Obama to avert more calamities.

Thank you.

Padmini Arhant

We need to fix our economy

January 30, 2009

President Obama and his administration are trying to address this serious economic crisis at home.

It takes the entire nation to get involved in the rescue operation.

Let us come together and do everything possible to revive the economy.

Please standby for some important guidelines and suggestions for economic recovery on www.padminiarhant.com.

Also, focus on resolving California’s budget crisis will be presented on the website shortly.

Meanwhile, please follow through the request from President Obama’s administration to create awareness and collective effort required to survive the crisis.

Thank you.

Padmini Arhant

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Last year, America lost 2.6 million jobs. This week, some of our biggest companies announced plans to cut tens of thousands more.

The economic crisis is deepening, but President Obama and members of Congress have proposed a recovery plan that will put more than 3 million Americans back to work.

You can learn more about how the plan will help your community by organizing an Economic Recovery House Meeting.

Join thousands of people across the country who are coming together to watch a special video about the recovery plan. Invite your friends and neighbors to watch the video with you and have a conversation about your community’s economic situation.

The economic crisis can seem overwhelming and complex, but you can help the people you know connect the recovery plan to their lives and learn more about why it’s so important.

Sign up to host an Economic Recovery House Meeting the weekend of Friday, February 6th.

The President’s plan passed the House of Representatives on Wednesday. But if it’s going to move forward, we need to avoid the usual partisan games.

That’s why supporters are opening their homes to talk with neighbors and friends about how the plan will work — and what it means for their community.

The video will outline the basics of the plan and how it will impact working families. It will also include answers to questions from folks across the country. Invite your friends and family to watch the video, discuss the plan, and help build support for it.

Don’t worry if you’ve never hosted a house meeting before — we’ll make sure you have everything you need to make it a success.

Take the first step right now by signing up to host an Economic Recovery House Meeting:

http://my.barackobama.com/recoveryhost

Time and again, you’ve demonstrated your commitment to change. Now you can help America move in an important new direction.

Please forward this email to your friends and family, and encourage them to get involved as well.

Thank you for your hard work,

Mitch

Mitch Stewart
Director
Organizing for America

Conflict of Interest

January 28, 2009

Secretary of State

By Padmini Arhant

Secretary of State position has been filled and the appointee, Senator Hillary Rodham Clinton has assumed office.

Did the Senate Foreign Relations Committee and the full Senate pay any attention to the substantial facts and evidences provided by citizens and news editorials on this matter as well as other cabinet post appointments?

Apparently not and that appears to be the interesting focus for concerned electorate.

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Bill Clinton made millions from foreign sources

By MATTHEW LEE, Associated Press Writer Matthew Lee, Associated Press Writer – 35 mins ago 01/27/09

WASHINGTON – Former President Bill Clinton earned nearly $6 million in speaking fees last year, almost all of it from foreign companies, according to financial documents filed by his wife, Secretary of State Hillary Rodham Clinton .

The documents obtained Tuesday by The Associated Press show that $4.6 million of the former president’s reported $5.7 million in 2008 honoraria came from foreign sources, including Kuwait’s national bank , other firms and groups in Canada, Germany, India, Malaysia , Mexico and Portugal and a Hong Kong-based company that spent $100,000 on federal lobbying last year.

Executives at many of the firms that paid honoraria to Bill Clinton have also donated large amounts of money to the Clinton Foundation , according to documents it released last year as part of an agreement with Congress on Hillary Clinton’s nomination as secretary of state.

That agreement was aimed at preventing the appearance of any conflict of interest between the ex-president’s charitable organization and his wife’s new job as the United States’ top diplomat.

In addition to Bill Clinton’s income from speaking fees, Hillary Clinton reported joint holdings of between $6.1 million and $30.3 million in a blind trust as well as cash, insurance and retirement accounts worth between $1 million and $5.2 million.
Hillary Clinton made between $50,000 and $100,000 in royalties from her 2003 memoir "Living History."

Bill Clinton earned between $100,000 and $1 million in royalties for his 2004 autobiography "My Life," the documents show. The Clintons reported no liabilities.

All senior officials in the Obama administration are required to complete a detailed disclosure of their personal finances, including spouse and children, which is updated yearly.

The two men selected to serve as Hillary Clinton’s deputy secretaries of state, Jacob Lew and James Steinberg , also filed financial disclosure forms.

Lew, a former Clinton administration official who recently headed Citigroup’s Alternative Investments unit, reported 2008 salary income of just over $1 million along with numerous investments, including between $50,000 and $100,000 in State of Israel bonds .
Steinberg, another former Clinton administration official who recently was a professor at the University of Texas, reported receiving $35,000 in 2008 for foreign speaking engagements, including three before Japanese media firms and one before the Confederation of Indian Industries in New Delhi.

The most Bill Clinton got from a foreign source was $1.25 million for appearing at five events sponsored by the Toronto-based Power Within Inc., a company that puts on motivational and training programs around North America , according to Hillary Clinton’s submission.

For one Power Within speech alone, delivered in Edmonton in June 2008, Clinton was paid $525,000, the most for any single event that year. For one event, he got $200,000 and for three others he received $175,000 each, the documents show.

The Hong Kong firm, Hybrid Kinetic Automotive Holdings, paid Clinton a $300,000 honorarium on Dec. 4, 2008. Twenty five days later, on Dec. 29, a man listed as the company’s chief financial officer, Jack Xi Deng, made a $25,000 cash donation to the Virginia gubernatorial campaign of Clinton confidant Terry McAuliffe , according to the Virginia Public Access Project.

According to the Center for Responsive Politics, the Hong Kong firm paid at least $100,000 in 2008 to lobbyists on immigration issues.

The other foreign honoraria Bill Clinton received in 2008 are:
$450,000 from AWD Holding AG , a German-based international financial services company.

$350,000 from the state-owned National Bank of Kuwait . The Kuwaiti government donated between $1 million and $5 million to the Clinton Foundation , according to the foundation’s disclosure.

$300,000 from Value Grupo Financiero SA de CV, a Mexico -based financial holding company , whose chief executive officer , Carlos Bremer Gutierrez, is one of the Clinton Foundation’s leading donors. Gutierrez donated between $250,001 to $500,000 to the foundation, according to foundation’s documents.

$250,000 from Germany’s Media Control Gmbh, which bills itself as the world’s leading provider of entertainment data and was founded by Karlheinz Koegel, who contributed $100,001 to $250,000 to the Clinton foundation.

$200,000 from Malaysia’s Petra Equities Management on behalf of the Sekhar Foundation run by Malaysian multimillionaire Vinod Sekhar who donated between $25,001 and $50,000 to the Clinton Foundation, according to its documents.

In addition to the foreign earnings,

Bill Clinton made just over $1 million from domestic speaking engagements, including $250,000 from MSG Entertainment , $225,000 from the National Association of Home Care and Hospice, $200,000 from the United Nations Association , $175,000 from the ING North America Insurance Corp., $125,000 from the Rodman and Renshaw Capital Group and $100,000 from the Hollywood Radio and Television Society.

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Voice of Concern:  By Padmini Arhant

I suppose,  now it must be clear to America why despite the impressive combined earnings by the then Senator and now newly appointed Secretary of State Hillary Clinton’s request for personal donation was not met .

The impression might be what could possibly a small, diminutive, frail and fragile individual’s support or the lack thereof do to powerful nominations and subsequent confirmation.

It was already proven during the election when several requests and demands were placed for endorsement of the Presidential candidates.

Otherwise, would any ordinary citizen be sought after relentlessly by the candidates for endorsement in a high profile and vigorously contested political battle?

Further, Supreme force representative’s subservient manner should not be translated as an inferior or a weak personality in any shape due to intimacy with natural phenomenon.

Regardless, the stark contrast between the powerful on earth and those representing the power of the universe is,

The latter are courageous in speaking the truth and standing up for justice and peace wherever and whenever it applies.

History is testimony that Prophets and messengers were subject to incredible endurance tests including death for some as in the case of Lord Jesus Christ.

In the ancient era, Prophets and Messiahs had to prove their identity and worthiness by performing wonders or miracles.

It ranged from bearing the cross and resurrection to life and possessing witnesses for the ability to walk on water.

Now, in the new millennium the expectation of the virtuous could still be to exhibit magic moments by spitting fire, moving mountains and relevantly excavation of economy from deep recession heading towards Great Depression.

Such expectations by those considering themselves extraordinary are not surprising.

In fact, up until recently the utterance of God and any discussions related to the highest grace was argued as undemocratic by calling for elimination of such discourse in public square.

Anyone challenging the might of the mortals is frequently dismissed as a questionable character and their concerns for humanity invalidated through defiance per recent demonstration of Cabinet posts confirmation.

All those bound by ethics and compliance of common law in a democracy rejecting the plea with presentation of facts and evidences against Hillary Clinton’s confirmation as well as other appointees are in denial of the highest authority.

Hence, the comment during the Radio talk show  on “Free Palestine” about public displays of prayers and worships as meaningless because of selective embracing of God by political figures.

Thus, forcing one to arrive at a conclusion that even “Almighty God” is a fair game in politics.

It goes to prove that Cabinet posts in any administration could be picked and chosen by the privileged members of a political party and some outsiders through virtue of their association with previous administrations leaving no opportunities for the deserving aspirants outside the circle in the so-called democracy.

Then why bother wasting  taxpayers’ dollars with senate hearing and confirmation process if the purpose is meant to be a mere formality?

With foreign governments and sources donating to Clinton foundation and honorarium for his speeches, should American electorate consider such generosity by these entities an act of pure benevolence for humanity and not have Clintons reciprocate in return?

Alternatively, are these donors so magnanimous that they are involved in a great humanitarian effort whilst ignoring the plight of the population in their own backyard?
Washington was to be changed and shaken up to give way to new political system.

Is shuffling the cabinet posts among the group consisting of those demanding party favors a fair selection process?

Does democracy really have a chance when Power is still the dominant force crushing the will of the republic?

The lawmakers awestruck by candidates despite controversial background  moved forward to fill positions in fulfillment of their obligations and responsibilities with no regard for due process.

New administration was sworn in with the pledge to America to change Washington corroded with corruption, cronyism and power politics into new era guided by the constitution and democratic values.

WASHINGTON (CNN) — Promising "a new era of openness in our country," President Obama signed executive orders Wednesday relating to ethics guidelines for staff members of his administration.

"Transparency and the rule of law will be the touchstones of this presidency," Obama said.

Has there been a breach of constitutional law in the Cabinet post appointments?

It is worth examining, as it appears to be the case according to some concerned citizens who are also legal experts in the constitutional law.

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Source: http://www.cato-at-liberty.org/2008/11/25/is-hillary-clinton-unconstitutional/ –

Thank you.

Is Hillary Clinton Unconstitutional?

Posted by Ilya Shapiro,  Previous: There’s No Change Here
It appears that there may be genuine constitutional problems with her expected nomination.  To wit, Article I, section 6, clause 2 reads:

Via http://press-pubs.uchicago.edu/founders/tocs/a1_6_2.html

Article 1, Section 6, Clause 2

No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time; and no Person holding any Office under the United States, shall be a Member of either House during his Continuance in Office.

That is, under this “Emoluments Clause,” members of Congress are expressly forbidden to take any appointed position within the government which was created or whose pay has been increased during their current term in office.

Now, a January 2008 executive order, promulgated in accordance with a statute from the 1990s that addressed cost of living adjustments for certain federal officials, raised the Secretary of State’s salary, thus constitutionally prohibiting any then-serving senator who remains in office from taking charge of Foggy Bottom. (Sen. Clinton’s current term began in January 2007 and expires in January 2013.)

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Source: http://volokh.com/posts/1227548910.shtml

Hillary Clinton and the Emoluments Clause:

There’s been talk about whether Sen. Hillary Clinton is disqualified from a position as Secretary of State by the Emoluments Clause:

Adam Bonin’s Daily Kos blog has a bit more on this, but the short version is that a Jan. 2008 executive order, promulgated pursuant to a 1990s cost of living adjustment statute, raised the salary of the Secretary of State, so the Emoluments Clause question is in play.

I very recently read an article by John O’Connor on the subject, The Emoluments Clause: An Anti-Federalist Intruder in a Federalist Constitution, 24 Hofstra L. Rev. 89 (1995), so I asked him what he thought.
Here’s his answer (some paragraph breaks added); please note that I have some comments at the end of this post that express a somewhat different view:

It seems to me that there are two questions regarding whether the Emoluments Clause to the U.S. Constitution (Art. I, § 6, cl. 2) renders Senator Hillary Clinton constitutionally ineligible for appointment as Secretary of State:

(1) whether Senator Clinton is now ineligible for appointment; and

(2) if Senator Clinton is ineligible for appointment, whether that ineligibility may be cured by the so-called “Saxbe Fix,” whereby the Secretary of State’s salary is reduced to the salary in effect before Senator Clinton’s current Senate term began.

I think it is beyond dispute that Senator Clinton is currently ineligible for appointment as secretary of State. I also believe that the better construction of the Emoluments Clause is that the “Saxbe Fix” does not remove this ineligibility.

The Saxbe Fix got its name because the Nixon administration sought to eliminate Senator William Saxbe’s ineligibility for appointment as Attorney General by reducing the salary of that office to the level that existed before Senator Saxbe’s appointment.

The Emoluments Clause provides that “[n]o Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time.”

As I understand it, 5 U.S.C. § 5303 provides for an automatic annual increase in certain federal salaries, including the salary of the Secretary of State, unless the President certifies that an increase in salaries is inappropriate.

The salary of the Secretary of State has increased during Senator Clinton’s current Senate term, which does not end until 2012.

Therefore, under a straightforward application of the Emoluments Clause, Senator Clinton is ineligible for appointment as Secretary of State because the emoluments of that office “have been encreased” during Senator Clinton’s current Senate term, and this disability continues until the end of “the time for which [she] was elected, or until January 2013.

I do not believe it affects the analysis that the salary increase occurred as a result of an Executive Order or that the statute creating these quasi-automatic salary increases was enacted prior to Senator Clinton’s current term.

By its plain language, the Emoluments Clause applies when the office’s salary “shall have been encreased,” without regard to exactly how it was increased.

Indeed, an early proposed draft of the clause included language limiting it to an increase of emoluments “by the legislature of the U[nited] States,” and was later revised to encompass any increase in emoluments.

It is worth noting that several Framers thought, without much explication, that the clause was too lax as initially drafted. The clause also does not require that a Senator or Representative have voted for the increase.

This focus [on] a past act of increasing emoluments, rather than on the emoluments existing at the time of appointment suggests to me that the clause’s best reading is that an act of increasing emoluments renders members of Congress ineligible for appointment [to] the office until their respective congressional terms end.

In addition, one of the central theses of my law review article on the subject is that the purpose of the Emoluments Clause is disserved by the Saxbe Fix.

The records of the federal constitutional convention indicate two purposes underlying the Emoluments Clause:

(1) general anti-corruption, whereby Congress might conspire with the President to create offices, or to give existing offices exorbitant salaries, with the understanding that a Member of Congress would be appointed to the office; and

(2) limiting the size, importance, and reach of the federal bureaucracy.

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Republic Action:  By Padmini Arhant

It is important for the people of the Republic to awaken and ensure that elected representatives honor commitments towards their constituents and the nation  by respecting the constitutional law and abide by the common rules and regulations meant for all regardless of societal hierarchy.

Indeed, it is a huge disappointment that electorate is relevant only during the electoral process.

Once the ballots are cast and power entrusted to the lawmakers as the people representatives, the abuse of power is a reflex action with a tendency to discount and dismiss the will of democracy particularly during federal appointments and other legislative matters.

Any functional democracy requires that apart from transparency and accountability, the office of Presidency and Congress act with entire integrity in recruitments by not violating the trust of the people and the constitution governing the nation.

Additionally,  rather than personal choices for various cabinet posts contributing to ethical issues, the real change in Washington would be depicted if the cabinet posts were advertised for direct public appointments reflecting the acknowledgement of talent and caliber among the eligible electorate.

Is it too late to review the appointments that have already taken place?

Action is anytime better than inaction to confirm the power of democracy.

Shouldn’t we all know now from the past eight years’ legacy?

The voice of America is the only legitimate force that can bring about any Positive Change in every citizen’s life.

Thank you.

Padmini Arhant

P.S. Please review the insightful presentation “Secretary of State Nomination” on www.padminiarhant.com  for complete comprehension.

Conflict of Interest

January 28, 2009

Secretary of State

By Padmini Arhant

Secretary of State position has been filled and the appointee, Senator Hillary Rodham Clinton has assumed office.

Did the Senate Foreign Relations Committee and the full Senate pay any attention to the substantial facts and evidences provided by citizens and news editorials on this matter as well as other cabinet post appointments?

Apparently not and that appears to be the interesting focus for concerned electorate.

——————————————————–

Bill Clinton made millions from foreign sources

By MATTHEW LEE, Associated Press Writer Matthew Lee, Associated Press Writer – 35 mins ago

WASHINGTON – Former President Bill Clinton earned nearly $6 million in speaking fees last year, almost all of it from foreign companies, according to financial documents filed by his wife, Secretary of State Hillary Rodham Clinton .

The documents obtained Tuesday by The Associated Press show that $4.6 million of the former president’s reported $5.7 million in 2008 honoraria came from foreign sources, including Kuwait’s national bank , other firms and groups in Canada, Germany, India, Malaysia , Mexico and Portugal and a Hong Kong-based company that spent $100,000 on federal lobbying last year.

Executives at many of the firms that paid honoraria to Bill Clinton have also donated large amounts of money to the Clinton Foundation , according to documents it released last year as part of an agreement with Congress on Hillary Clinton’s nomination as secretary of state.

That agreement was aimed at preventing the appearance of any conflict of interest between the ex-president’s charitable organization and his wife’s new job as the United States’ top diplomat.

In addition to Bill Clinton’s income from speaking fees, Hillary Clinton reported joint holdings of between $6.1 million and $30.3 million in a blind trust as well as cash, insurance and retirement accounts worth between $1 million and $5.2 million.
Hillary Clinton made between $50,000 and $100,000 in royalties from her 2003 memoir "Living History."

Bill Clinton earned between $100,000 and $1 million in royalties for his 2004 autobiography "My Life," the documents show. The Clintons reported no liabilities.

All senior officials in the Obama administration are required to complete a detailed disclosure of their personal finances, including spouse and children, which is updated yearly.

The two men selected to serve as Hillary Clinton’s deputy secretaries of state, Jacob Lew and James Steinberg , also filed financial disclosure forms.

Lew, a former Clinton administration official who recently headed Citigroup’s Alternative Investments unit, reported 2008 salary income of just over $1 million along with numerous investments, including between $50,000 and $100,000 in State of Israel bonds .
Steinberg, another former Clinton administration official who recently was a professor at the University of Texas, reported receiving $35,000 in 2008 for foreign speaking engagements, including three before Japanese media firms and one before the Confederation of Indian Industries in New Delhi.

The most Bill Clinton got from a foreign source was $1.25 million for appearing at five events sponsored by the Toronto-based Power Within Inc., a company that puts on motivational and training programs around North America , according to Hillary Clinton’s submission.

For one Power Within speech alone, delivered in Edmonton in June 2008, Clinton was paid $525,000, the most for any single event that year. For one event, he got $200,000 and for three others he received $175,000 each, the documents show.

The Hong Kong firm, Hybrid Kinetic Automotive Holdings, paid Clinton a $300,000 honorarium on Dec. 4, 2008. Twenty five days later, on Dec. 29, a man listed as the company’s chief financial officer, Jack Xi Deng, made a $25,000 cash donation to the Virginia gubernatorial campaign of Clinton confidant Terry McAuliffe , according to the Virginia Public Access Project.

According to the Center for Responsive Politics, the Hong Kong firm paid at least $100,000 in 2008 to lobbyists on immigration issues.

The other foreign honoraria Bill Clinton received in 2008 are:
$450,000 from AWD Holding AG , a German-based international financial services company.

$350,000 from the state-owned National Bank of Kuwait . The Kuwaiti government donated between $1 million and $5 million to the Clinton Foundation , according to the foundation’s disclosure.

$300,000 from Value Grupo Financiero SA de CV, a Mexico -based financial holding company , whose chief executive officer , Carlos Bremer Gutierrez, is one of the Clinton Foundation’s leading donors. Gutierrez donated between $250,001 to $500,000 to the foundation, according to foundation’s documents.

$250,000 from Germany’s Media Control Gmbh, which bills itself as the world’s leading provider of entertainment data and was founded by Karlheinz Koegel, who contributed $100,001 to $250,000 to the Clinton foundation.

$200,000 from Malaysia’s Petra Equities Management on behalf of the Sekhar Foundation run by Malaysian multimillionaire Vinod Sekhar who donated between $25,001 and $50,000 to the Clinton Foundation, according to its documents.

In addition to the foreign earnings,

Bill Clinton made just over $1 million from domestic speaking engagements, including $250,000 from MSG Entertainment , $225,000 from the National Association of Home Care and Hospice, $200,000 from the United Nations Association , $175,000 from the ING North America Insurance Corp., $125,000 from the Rodman and Renshaw Capital Group and $100,000 from the Hollywood Radio and Television Society.

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Voice of Concern: By Padmini Arhant

I suppose, now it must be clear to America why despite the impressive combined earnings by the then Senator and now newly appointed Secretary of State Hillary Clinton’s request for personal donation was not met .

The impression might be what could possibly a small, diminutive, frail and fragile individual’s support or the lack thereof do to powerful nominations and subsequent confirmation.

It was already proven during the election when several requests and demands were placed for endorsement of the Presidential candidates.

Otherwise, would any ordinary citizen be sought after relentlessly for endorsement in a high profile and vigorously contested political battle by the contestants?

Further, Supreme force representative’s subservient manner should not be translated as an inferior or a weak personality in any shape due to intimacy with natural phenomenon.

Regardless, the stark contrast between the powerful on earth and those representing the power of the universe is,

The latter are courageous in speaking the truth and standing up for justice and peace wherever and whenever it applies.

History is testimony that Prophets and messengers were subject to incredible endurance tests including death for some as in the case of Lord Jesus Christ.

In the ancient era, Prophets and Messiahs had to prove their identity and worthiness by performing wonders or miracles.

It ranged from bearing the cross and resurrection to life and possessing witnesses for the ability to walk on water.

Now, in the new millennium the expectation of the virtuous could still be to exhibit magic moments by spitting fire, moving mountains and relevantly excavation of economy from deep recession heading towards Great Depression.

Such expectations by those considering themselves extraordinary are not surprising.

In fact, up until recently the utterance of God and any discussions related to the highest grace was argued as undemocratic by calling for elimination of such discourse in public square.

Anyone challenging the might of the mortals is frequently dismissed as a questionable character and their concerns for humanity invalidated through defiance per recent demonstration of Cabinet posts confirmation.

All those bound by ethics and compliance of common law in a democracy rejecting the plea with presentation of facts and evidences against Hillary Clinton’s confirmation as well as other appointees are in denial of the highest authority.

Hence, the comment during the Radio talk show on “Free Palestine” about public displays of prayers and worships as meaningless because of selective embracing of God by political figures.

Thus, forcing one to arrive at a conclusion that even “Almighty God” is a fair game in politics.

It goes to prove that Cabinet posts in any administration could be picked and chosen by the privileged members of a political party and some outsiders through virtue of their association with previous administrations leaving no opportunities for the deserving aspirants outside the circle in the so-called democracy.

Then why bother wasting taxpayers’ dollars with senate hearing and confirmation process if the purpose is meant to be a mere formality?

With foreign governments and sources donating to Clinton foundation and honorarium for his speeches, should American electorate consider such generosity by these entities an act of pure benevolence for humanity and not have Clintons reciprocate in return?

Alternatively, are these donors so magnanimous that they are involved in a great humanitarian effort whilst ignoring the plight of the population in their own backyard?

Washington was to be changed and shaken up to give way to new political system.

Is shuffling the cabinet posts among the group consisting of those demanding party favors a fair selection process?

Does democracy really have a chance when Power is still the dominant force crushing the will of the republic?

The lawmakers awestruck by candidates despite controversial background moved forward to fill positions in fulfillment of their obligations and responsibilities with no regard for due process.

New administration was sworn in with the pledge to America to change Washington corroded with corruption, cronyism and power politics into new era guided by the constitution and democratic values.

WASHINGTON (CNN) — Promising "a new era of openness in our country," President Obama signed executive orders Wednesday relating to ethics guidelines for staff members of his administration.

"Transparency and the rule of law will be the touchstones of this presidency," Obama said.

Has there been a breach of constitutional law in the Cabinet post appointments?

It is worth examining, as it appears to be the case according to some concerned citizens who are also legal experts in the constitutional law.

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Source: http://www.cato-at-liberty.org/2008/11/25/is-hillary-clinton-unconstitutional/ – Thank you.

Is Hillary Clinton Unconstitutional?

Posted by Ilya Shapiro , Previous: There’s No Change Here

It appears that there may be genuine constitutional problems with her expected nomination.  To wit, Article I, section 6, clause 2 reads:

Via http://press-pubs.uchicago.edu/founders/tocs/a1_6_2.html

Article 1, Section 6, Clause 2

No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time; and no Person holding any Office under the United States, shall be a Member of either House during his Continuance in Office.

That is, under this “Emoluments Clause,” members of Congress are expressly forbidden to take any appointed position within the government which was created or whose pay has been increased during their current term in office.

Now, a January 2008 executive order, promulgated in accordance with a statute from the 1990s that addressed cost of living adjustments for certain federal officials, raised the Secretary of State’s salary, thus constitutionally prohibiting any then-serving senator who remains in office from taking charge of Foggy Bottom. (Sen. Clinton’s current term began in January 2007 and expires in January 2013.)

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Source: http://volokh.com/posts/1227548910.shtml – Thank you.

Hillary Clinton and the Emoluments Clause:

There’s been talk about whether Sen. Hillary Clinton is disqualified from a position as Secretary of State by the Emoluments Clause:

Adam Bonin’s Daily Kos blog has a bit more on this, but the short version is that a Jan. 2008 executive order , promulgated pursuant to a 1990s cost of living adjustment statute, raised the salary of the Secretary of State, so the Emoluments Clause question is in play.

I very recently read an article by John O’Connor on the subject, The Emoluments Clause: An Anti-Federalist Intruder in a Federalist Constitution , 24 Hofstra L. Rev. 89 (1995) , so I asked him what he thought.

Here’s his answer (some paragraph breaks added); please note that I have some comments at the end of this post that express a somewhat different view:

It seems to me that there are two questions regarding whether the Emoluments Clause to the U.S. Constitution (Art. I, § 6, cl. 2) renders Senator Hillary Clinton constitutionally ineligible for appointment as Secretary of State:

(1) whether Senator Clinton is now ineligible for appointment; and

(2) if Senator Clinton is ineligible for appointment, whether that ineligibility may be cured by the so-called “Saxbe Fix,” whereby the Secretary of State’s salary is reduced to the salary in effect before Senator Clinton’s current Senate term began.

I think it is beyond dispute that Senator Clinton is currently ineligible for appointment as secretary of State. I also believe that the better construction of the Emoluments Clause is that the “Saxbe Fix” does not remove this ineligibility.

The Saxbe Fix got its name because the Nixon administration sought to eliminate Senator William Saxbe’s ineligibility for appointment as Attorney General by reducing the salary of that office to the level that existed before Senator Saxbe’s appointment.

The Emoluments Clause provides that “[n]o Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time.”

As I understand it, 5 U.S.C. § 5303 provides for an automatic annual increase in certain federal salaries, including the salary of the Secretary of State, unless the President certifies that an increase in salaries is inappropriate.

The salary of the Secretary of State has increased during Senator Clinton’s current Senate term, which does not end until 2012.

Therefore, under a straightforward application of the Emoluments Clause, Senator Clinton is ineligible for appointment as Secretary of State because the emoluments of that office “have been encreased” during Senator Clinton’s current Senate term, and this disability continues until the end of “the time for which [she] was elected, or until January 2013.

I do not believe it affects the analysis that the salary increase occurred as a result of an Executive Order or that the statute creating these quasi-automatic salary increases was enacted prior to Senator Clinton’s current term.

By its plain language, the Emoluments Clause applies when the office’s salary “shall have been encreased,” without regard to exactly how it was increased.

Indeed, an early proposed draft of the clause included language limiting it to an increase of emoluments “by the legislature of the U[nited] States,” and was later revised to encompass any increase in emoluments.

It is worth noting that several Framers thought, without much explication, that the clause was too lax as initially drafted. The clause also does not require that a Senator or Representative have voted for the increase.

This focus [on] a past act of increasing emoluments, rather than on the emoluments existing at the time of appointment suggests to me that the clause’s best reading is that an act of increasing emoluments renders members of Congress ineligible for appointment [to] the office until their respective congressional terms end.

In addition, one of the central theses of my law review article on the subject is that the purpose of the Emoluments Clause is disserved by the Saxbe Fix.

The records of the federal constitutional convention indicate two purposes underlying the Emoluments Clause:

(1) general anti-corruption, whereby Congress might conspire with the President to create offices, or to give existing offices exorbitant salaries, with the understanding that a Member of Congress would be appointed to the office; and

(2) limiting the size, importance, and reach of the federal bureaucracy.

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Republic Action: By Padmini Arhant

It is important for the people of the Republic to awaken and ensure that elected representatives honor commitments towards their constituents and the nation by respecting the constitutional law and abide by the common rules and regulations meant for all regardless of societal hierarchy.

Indeed, it is a huge disappointment that electorate is relevant only during the electoral process.

Once the ballots are cast and power entrusted to the lawmakers as the people representatives, the abuse of power is a reflex action with a tendency to discount and dismiss the will of democracy particularly during federal appointments and other legislative matters.

Any functional democracy requires that apart from transparency and accountability, the office of Presidency and Congress act with entire integrity in recruitments by not violating the trust of the people and the constitution governing the nation.

Additionally, rather than personal choices for various cabinet posts contributing to ethical issues, the real change in Washington would be depicted if the cabinet posts were advertised for direct public appointments reflecting the acknowledgement of talent and caliber among the eligible electorate.

Is it too late to review the appointments that have already taken place?

Action is anytime better than inaction to confirm the power of democracy.

Shouldn’t we all know now from the past eight years’ legacy?

The voice of America is the only legitimate force that can bring about any Positive Change in every citizen’s life.

Thank you.

Padmini Arhant

P.S. Please review the insightful presentation “Secretary of State Nomination” on www.padminiarhant.com for complete comprehension.

Radio Show Schedule

January 22, 2009

I will be doing a live radio show for 120 minutes from 2.00P.M to 4.00P.M. (PST) on the following days:

January 23, 2009 Friday from 2.00 – 4.00 P.M (PST) to accommodate listeners from all time zones.

Category: Current Events

Topic: Corporate Bailout

Discussion:

What should financial institutions do with the taxpayers’ bailout?

Why have they not utilized those funds to stimulate economy?

What is public demand from them and the legislators?

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January 30, 2009, 120 minutes 2.00P.M – 4.00P.M

Category: Current Events

Topic: Economy and Health Care

What should the new administration do for you and the economy?

How do we fix the Health Care system?

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Podcast live : http://www.blogtalkradio.com/Padmini-A

Guest Call-in-number: (646) 727 -3778

I invite you all to participate in the public forum and share your concerns, ideas and knowledge.

Your comments and thoughts are welcome in the political discourse.

Let us keep democracy alive and help our new President Barack Obama and Vice President Joe Biden in rebuilding our nation.

Look forward to the session.

Thank you.

Padmini Arhant

P.S. My apologies for not being able to schedule a convenient time on January 21, 2009. I am aiming to provide as much time as possible through whatever avenues available in getting us back on our feet.

Your participation is a huge encouragement and always appreciated – Thank you again.

Banks Bailout – Accountability

January 11, 2009

It’s been a quarter since the banks bailout. The purpose of the bailout was to stimulate the economy by relieving the financial markets from liquidity crisis.

At least, that was the explanation offered by the Treasury Department and the Federal Reserve at the time of request.

They demanded that Congress approve the bailout to a tune of $700 billion as an emergency measure to avert the collapse of the financial market.

There were few stipulations to the approval of the bailout. The general expectation was to revive the housing market with a moratorium on foreclosures and overhauling of the existing loan programs to assist homeowners with affordable payments and ease the decline of the housing prices nationwide.

The other alternative to the housing market crisis was to utilize the bailout drawdown towards restructuring of the mortgage backed securities by allowing default homeowners dealing with foreclosures to refinance at the existing lowest market rate for a fixed period of two years, substituting the amount in the new economic stimulus package by President-elect Obama.

Despite financial bailout by taxpayers, the economic situation is deteriorating with the current unemployment soaring to 7.2 percent exceeding the Depression era. The criticism entirely directed towards government intervention in the revival process.

However, it is worth remembering that lack of oversight and accountability led the financial institutions to a dire state in the free market economy. The corporate executives as the beneficiaries have been responsible for the dysfunctional financial system even though none of them held accountable thus far.

The current administration assured taxpayers that financial bailout targets liquidity in the credit market, housing market decline particularly foreclosures, buy-back mortgage securities held as major liabilities on the banks’ financial reports and ease their burden to facilitate lending to homeowners and small businesses.

If the strategy followed through, it could have reduced the heat on the economy and set the pace for recovery.

In the absence of commitment by the banks, it would be appropriate for taxpayers to demand that the financial institutions release the funds towards lending and contribute to the economic stimulation as agreed to by them.

Failure to adhere to the agreement will result in the blockade of the remaining $350 billion that would be appropriated towards economic stimulus proposal by President-elect Obama.

In addition, the taxpayers’ also reserve the right to demand that the beneficiaries of the bailout return the earlier withdrawal currently hoarded for their undisclosed agenda with interest higher than the market rate.

It is time for checks and balances on the drawdown of $350 billion to various financial institutions.

Checks and Balances:

Have the objectives been achieved?

Is there an oversight committee on the financial bailout as agreed to the taxpayers?

Did the banks provide details of the secured amount to the taxpayers or the oversight committee?

Please be sure to read the articles presented below as they confirm the reality.

Thank you.

Padmini Arhant

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First and foremost, the beneficiaries of the bailout are:

As per http://moneynews.newsmax.com/streettalk/bailout_half_gone/2008/11/12/150364.html

Street Talk – Thank you.

Who Got Bailout Money So Far?

Wednesday, November 12, 2008 9:09 AM

"The Treasury Department’s $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.

The Treasury Department on October 14 set aside $250 billion of the program to buy senior preferred shares and warrants in banks, thrifts and other financial institutions.

Half that money was allocated to nine big banks, the Treasury Department has said.

Another $38 billion has since been earmarked for regional or small banks, according to statements from individual banks.

On Monday, the department announced its single-biggest TARP investment — $40 billion in American International Group — which the government said would not come from the $250 billion bank capital program.

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The TARP has so far committed the following funding:

AIG $40 billion

JPMorgan $25 billion

Citigroup $25 billion

Wells Fargo $25 billion

Bank of America $15 billion

Merrill Lynch $10 billion

Goldman Sachs $10 billion

Morgan Stanley $10 billion

PNC Financial Services $7.7 billion

Bank of New York Mellon $3 billion

State Street Corp $2 billion

Capital One Financial $3.55 billion

Fifth Third Bancorp $3.45 billion

Regions Financial $3.5 billion

SunTrust Banks $3.5 billion

BB&T Corp $3.1 billion

KeyCorp $2.5 billion

Comerica $2.25 billion

Marshall & Ilsley Corp $1.7 billion

Northern Trust Corp $1.5 billion

Huntington Bancshares $1.4 billion

Zions Bancorp $1.4 billion

First Horizon National $866 million

City National Corp $395 million

Valley National Bancorp $330 million

UCBH Holdings Inc $298 million

Umpqua Holdings Corp $214 million

Washington Federal $200 million

First Niagara Financial $186 million

HF Financial Corp $25 million

Bank of Commerce $17 million

TOTAL: $203.08 billion

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INSURANCE COMPANIES

In addition to the TARP program’s $40 billion capital injection into AIG, the Federal Reserve is providing the company with up to $112.5 billion in separate loans and funds for asset purchases.
Aid to the huge insurance company came after counterparties and rating downgrades forced AIG to post large amounts of collateral for its credit derivatives positions.
Some other insurers are interested in cash infusions, but must own a thrift or bank in order to qualify under the terms of Treasury’s current capital injection program.

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BANKS, LENDERS

The TARP program set a November 14 deadline for smaller banks to apply for capital injection funds remaining in the pool of $250 billion. The deadline will be extended for non-publicly traded banks.

The government’s preferred shares will pay dividends of 5 percent annually for the first five years and 9 percent after that until the institution repurchases them. Participating banks must comply with Treasury restrictions on executive compensation, which limit tax deductibility of senior executive pay to $500,000.

They require bonuses to be "clawed back" if earnings statements or gains are later proven to be materially inaccurate and prohibit "golden parachute" payments to senior executives.”

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The following article has the response for all of the above issues:

December 23, 2008.

Economy in Crisis: By Matt Apuzzo, Associated Press, Washington – Thank you

Banks mum on bailout spending – They Refuse to provide Accounting

Elizabeth Warren, the congressional watchdog, appointed by Democrats—

“It takes a lot of nerve for banks not to give answers, she says.”

Think you could borrow money from a bank without saying what you were going to do with it?

Well, apparently when banks borrow from you they don’t feel the same need to say how the money is spent.

After receiving billions in aid from U.S. taxpayers, the nation’s largest banks say they can’t track exactly how they’re spending it. Some won’t even talk about it.

“We’re choosing not to disclose that,” said Kevin Heine, spokesman for Bank of New York Melon, which received about $3 billion.

Thomas Kelly, a spokesman for JPMORGAN Chase, which received $25 billion in emergency bailout money, said that while some of the money was lent, some was not, and the bank has not given any accounting of exactly how the money is being used.

“We have not disclosed that to the public. We’re declining to,” Kelly said.

The Associated Press contacted 21 banks that received at least $1billion in government money and asked four questions:

How much has been spent?

What was it spent on?

How much is being held in savings? And,

What ‘s the plan for the rest?

None of the banks provided specific answers.

“We ‘re not providing dollar-in, dollar-out tracking,” said Barry Koling, a spokesman for Atlanta, Ga.-based SunTrust Banks, which got $3.5billion in taxpayer dollars.

Some banks said they simply didn’t know where the money was going.

“We manage our capital in its aggregate,” said Regions Financial spokesman Tim Deighton, who said the Birmingham, Ala.- based company is not tracking how it is spending the $3.5billion it received as part of the financial bailout.

The answers highlight the secrecy surrounding the Troubled Asset Relief Program, which earmarked $700 billion – about the size of the Netherlands’ economy – to help rescue the financial industry.

The Treasury Department has been using the money to buy stock in U.S. banks, hoping that the sudden inflow of cash will get banks to start lending money.

There has been no accounting of how banks spend that money.

Lawmakers summoned bank executives to Capitol Hill last month i.e. November 2008, and implored them to lend the money – not to hoard it or spend it on corporate bonuses or junkets or to buy other banks.

But there is no process in place to make sure that’s happening, and there are no consequences for banks that don’t comply.

“It is entirely appropriate for the American people to know how their taxpayer dollars are being spent in private industry,” said Elizabeth Warren, the top congressional watchdog overseeing the financial bailout.

But, at least for now, there’s no way for taxpayers to find that out.

Pressured by the Bush administration to approve the money quickly, Congress attached nearly no strings to the $700 billion bailout in October, 2008.

And the Treasury Department, which doles out the money, never asked banks how it would be spent.

“Those are legitimate questions that should have been asked on Day One,” said Rep. Scott Garrett, R-N.J., a House Financial Services Committee member who opposed the bailout as it was rushed through Congress.

“Where is the money going to go to?

How is it going to be spent?

When are we going to get a record on it?”

Nearly every bank the AP questioned – including Citibank and Bank of America, two of the largest recipients of bailout money —– responded with generic public relations statements explaining that the money was being used to strengthen balance sheets and continue making loans to ease the credit crisis.

A few banks described company-specific programs, such as JPMorgan Chase’s plan to lend $5 billion to nonprofit and health care companies next year.

Richard Becker, senior vice president of Wisconsin-based Marshall & Ilsley, said the $1.75 billion in bailout money allowed the bank to temporarily stop foreclosing on homes.

But no bank provided even the most basic accounting for the federal money.

Some said the money couldn’t be tracked.

Bob Denham, a spokesman for North Carolina-based BB&T, said the bailout money “doesn’t have its own bucket.”

But he said taxpayer money wasn’t used in the bank’s recent purchase of a Florida insurance company.

Asked how he could be sure, since the money wasn’t being tracked, Denham said the bank would have made that deal regardless.

Others, such as Morgan Stanley spokeswoman Carissa Ramirez, offered to discuss the matter with reporters on condition of anonymity.

When the AP refused, Ramirez sent an e-mail saying:

“We are going to decline to comment on your story.”

Most banks wouldn’t say why they were keeping the details secret.

“We’re not sharing any other details. We’re just not at this time,” said Wendy Walker, a spokeswoman for Dallas-based Comerica, which received $2.25 billion from the government.

Lawmakers say they want to tighten restrictions on the remaining, yet-to-be-released $350 billion block of bailout money before more cash is handed out.

Treasury Secretary Henry Paulson said the department is trying to step up its monitoring of bank spending.

Warren, the congressional watchdog, appointed by Democrats, said her oversight panel will try to force the banks to say where they’ve spent the money.

“It would take a lot of nerve not to give answers,” she said.

But Warren said she’s surprised she even has to ask.

“If the appropriate restrictions were put on the money to begin with, if the appropriate transparency was in place, then we wouldn’t be in a position where you’re trying to call every recipient and get the basic information that should already be in public documents,” she said.
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Happy New Year!

January 1, 2009

Welcome to a New Beginning.

Indeed, the year 2008 was historic in many aspects.

Briefly, 2008 was the year of Salvation and Celebration.

Salvation of financial and manufacturing sectors to rescue our nation from the brink of collapse besides enabling world markets to perform the balancing act until concrete economic policies implemented at home.

Celebration in rejoicing the election of the first African American candidate Barack Obama as the 44th President of the United States by proving that challenges are overcome through unity, determination and optimism.

We have great many tasks ahead of us. It requires all of us to get started from day one in sharing the responsibilities of this incredible trash clearance.

It is comparable to a wild party by drunken, rambunctious, overgrown teenagers leaving a big mess behind for sober, sensible and mature adults to clean after them.

The ancient civilizations have great many proverbs and adages and one of them is,

"Yesterday’s the past and

Tomorrow’s the future

Today is a gift – which is why they call it the present"

Those who possess the blessing of the gift must act on it and not waste precious present by dwelling in the past or guessing the future.

However, one must learn from the past mistakes to avoid them now and in the future.

There is abundance energy, resolve and enthusiasm available among all of us for rebuilding the nation.

Collective involvement yields rapid progress.

Although, we have elected a new President to resolve too many crises, each and every one of us are obligated to ourselves and our children in showing that we care by demonstrating fiscal responsibility, energy conservation, environmental protection and,

Most importantly accepting one another as humans prior to any other identification for a better future.

The present situation has left us with no choice other than consider ways to;

Exercise frugality over wasteful spending

Living within rather than beyond means.

Invest resources wisely to safeguard present and future existence.

Establish peace over war .

At the minimal, engage in empathy and sympathy for those less fortunate at home and abroad.

Our actions and decisions largely contribute the outcome of any matter.

The events over the past eight years will serve as testimony in political history that performance lacking in moral judgment is a recipe for disaster.

It is also a rude awakening for democratic and free market systems that absence of oversight and accountability leads to regrettable consequences.

Henceforth, the new beginning must entail the protocol that Washington and Wall Street are accountable for budget plans, legislative measures, taxpayer bailouts and,

Ensure no preferential treatment to those abusing power during scrutiny of misdeeds and mismanagement.

Similar bindings are necessary on State legislators including Governors as well.

In fact, Congress representing the people and the judicial system must act against all those responsible for the current mayhem i.e. bankrupt economy and unjustified Iraq war to preserve law and order.

Our commitment to the present and future must involve effective leadership at all levels with the emphasis on result oriented planning and policymaking to address every crisis confronting the nation.

Above all, partisanship obstructing the legislation of every bill and policy is a major obstacle.

It is best to put conventional Washington and State politics to rest and recognize the importance of bipartisanship for solutions to every problem in national interest.

Overall, the journey is arduous but hope and promise combined with patience, perseverance and labor makes destination accessible.

Wishing you all a bright, prosperous and peaceful 2009.

Thank you.

Padmini Arhant

Global Terrorism

December 28, 2008

It is evident from recent terror attacks around the world, that democracies or other form of governments are incapacitated in dealing with security issues on national and international level.

The perennial War on Terrorism has invigorated worldwide fundamentalism aside draining the economies.

It is important for the global community to come forward and demand a legitimate explanation for their government’s impotence in establishing peace as opposed to war against human race.

Time has arrived for checks and balances in the operation of curbing terrorism that has not only frozen any advancement towards socio-economic progress in Africa, Americas, Middle East, South and Central Asia but also paralyzed the optimism for nations to come together in resolving political and economic issues as the global priority.

Given the technological power and resources available to the advanced nations,

Why violence and terror continue to dominate the world?

Why civil wars in Africa are the norm and the people of that continent deprived of normal existence?

Why is the military coup often successful in Africa, South and Central America as well as countries like Haiti in the Western hemisphere?

Why is the peace process between Israel and Palestine an eternal dismal failure?

Why does Middle East reject democratic rule over theocratic, autocratic and dynasty rule?

Last but not the least, Pakistan, presently governed by the civilian rule essentially the continuation of a political dynasty of the late Prime Minister Benazir Bhutto deserves spotlight as the country of origin of terror.

Pakistan is the haven for the terrorist organization Al-Qaida and their well oiled various networks Laskhar-e-Taiba, Jamaat-ud-Dawa, the Deccan Mujahideen, Jaish-e-Mohammad, including,

Notorious personalities like the nuclear scientist Abdul Qadeer Khan, aka Father of the nuclear program, confessed to sharing nuclear technology with Iran, Libya, and North Korea as well as the Mumbai Underworld Don / Mobster, Dawood Ibrahim.

Why statesmanship prevalent among the eligible, educated and moderate electorate denied of power in the democratic process in Pakistan?

Why the people of Pakistan never granted an opportunity for active and real democracy?

Most relevantly, who controls the controversial, corrupt Pakistani Military and Intelligence services ISI, claimed to be responsible for many terrorist activities including the recent Mumbai terror attacks?

The reasons for all of the above issues lead in one direction.

Wealth controlled and amassed by few operating as a conglomerate in the global scene propagate wars as the defense industry flourishes with the ever proliferating arms race including devastating nuclear weapons.

So, the concerted effort from these organizations ensures global unrest, turmoil, chaos and exclusively the recent energy, financial, economic and environmental crises.

The earlier centuries have been the era of colonialism or imperialism in different parts of the world creating hierarchy like industrialized nations and “third world” countries after having plundered those parts of the world for economic advantage.

In the twenty first century, imperialism is in the form of undermining —

Peace process,

Bilateral or multilateral relationships among poor and developing nations,

Invasion and occupation of sovereign nations under the guise of promoting democracy,

Fermenting oppositions against democratic rule not in cohesion with imperialistic agenda particularly in the impoverished regions of the world and more…

It is noteworthy that despite transformation in world dominance between earlier and contemporary times, the strategy of divide and rule remains effective in eliminating peace and diplomacy during conflict.

Citizens of the free world must examine these facts and reflect upon the tragedies whether it is 9/11, Mumbai attacks, Iraq war, the genocides in Darfur, Congo, Rwanda, the plight of Palestinian population, the oppression of Tibetans, persecution of the Burmese and other atrocities around the world.

Is there a light at the end of the tunnel?

Sure is, with the global cooperation of moderate thinkers determined to seek truth and justice for humanity can conquer the elements orchestrating catastrophe as the heads of the government.

People possess the power as consumers and voters in a free market and democratic systems.

History is testimony to revolutionary changes initiated and driven by ordinary citizens.

The election of an African American candidate Barack Obama as the 44th President of the United States aptly confirms that ordinary people can do extraordinary things and overcome any challenges together.

Meanwhile, please check out the following information from The Center for Research on Globalization (CRG) – Bold, uninhibited and true representation of free press reports for further understanding of the role of government and the agencies responsible for the maintenance of national and international security.

Thank you.

Padmini Arhant

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Source: http://www.globalresearch.ca/articles/CHO206A.html – Thank you.

New Revelations on 9/11

Was it an ‘intelligence failure’ to give red carpet treatment to the ‘money man’ behind the 9-11 terrorists, or was it simply ‘routine’?

On the morning of September 11, Pakistan’s Chief Spy General Mahmud Ahmad, the alleged "money-man" behind the 9-11 hijackers, was at a breakfast meeting on Capitol Hill hosted by Senator Bob Graham and Rep. Porter Goss, the chairmen of the Senate and House Intelligence committees.

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Political Deception: The Missing Link behind 9-11 by Michel Chossudovsky

In this timely study, Michel Chossudovsky blows away the smokescreen, put up by the mainstream media, that 9-11 was an "intelligence failure".

Through meticulous research, the author uncovers a military-intelligence ploy behind the September 11 attacks, and the coverup and complicity of key members of the Bush Administration.

Chossudovsky peels back the layers of rhetoric to reveal a huge hoax — a complex web of deceit aimed at tricking the American people and the rest of the world into accepting a military solution which threatens the future of humanity.

ON May 16th The New York Post dropped what appeared to be a bombshell: "Bush Knew . . .

" Hoping to score politically, the Democrats jumped on the bandwagon, pressuring the White House to come clean on two "top-secret documents" made available to President Bush prior to September 11, concerning "advance knowledge" of Al Qaeda attacks.

Meanwhile, the U.S. media had already coined a new set of buzzwords:

"Yes, there were warnings" and "clues" of possible terrorist attacks, but "there was no way President Bush could have known" what was going to happen.

The Democrats agreed to "keep the cat inside the bag" by saying:

"Osama is at war with the U.S." and the FBI and the CIA knew something was cooking but failed to connect the dots.

" In the words of House Minority Leader, Richard Gephardt:

"This is not blame-placing. . . . We support the President on the war against terrorism — have and will.

But we’ve got to do better in preventing terrorist attacks." 1

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The foreknowledge issue is a Red Herring:

"A Red Herring is a fallacy in which an irrelevant topic is presented in order to divert attention from the original issue."

In standard CIA jargon, Al Qaeda is categorized as an "intelligence asset".

The CIA keeps track of its "intelligence assets". Al Qaeda is infiltrated by the CIA.

Amply documented, Osama bin Laden’s whereabouts were always known.

In other words, there were no "intelligence failures"!

In the nature of a well-led intelligence operation, the "intelligence asset" operates (wittingly or unwittingly) with some degree of autonomy, in relation to its U.S. government sponsors, but ultimately it acts consistently, in the interests of Uncle Sam.

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Fear and Disinformation Campaign

The Bush Administration — through the personal initiative of Vice President Dick Cheney — chose not only to foreclose the possibility of a public inquiry, but also to trigger a fear and disinformation campaign:

"I think that the prospects of a future attack on the U.S. are almost a certainty. . . .

It could happen tomorrow, it could happen next week, it could happen next year, but they will keep trying. And we have to be prepared."

What Cheney is really telling us is that our "intelligence asset", which we created, is going to strike again.

Now, if this "CIA creature" were planning new terrorist attacks, you would expect that the CIA would be first to know about it.

In all likelihood, the CIA also controls the so-called ‘warnings’ emanating from CIA sources on "future terrorist attacks" on American soil.

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Carefully Planned Intelligence Operation

The 9-11 terrorists did not act on their own volition. The suicide hijackers were instruments in a carefully planned intelligence operation.

The evidence confirms that Al Qaeda is supported by Pakistan’s military intelligence, the Inter-services Intelligence (ISI). Amply documented, the ISI owes its existence to the CIA:

"With CIA backing and the funnelling of massive amounts of U.S. military aid, the ISI developed [since the early 1980s] into a parallel structure wielding enormous power over all aspects of government….

The ISI had a staff composed of military and intelligence officers, bureaucrats, undercover agents and informers estimated at 150,000."

The ISI actively collaborates with the CIA. It continues to perform the role of a ‘go-between’ in numerous intelligence operations on behalf of the CIA.

The ISI directly supports and finances a number of terrorist organizations, including Al Qaeda.

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The Missing Link

The FBI confirmed in late September, in an interview with ABC News (which went virtually unnoticed) that the 9-11 ring leader, Mohammed Atta, had been financed from unnamed sources in Pakistan:

"As to September 11th, federal authorities have told ABC News they have now tracked more than $100,000 from banks in Pakistan, to two banks in Florida, to accounts held by suspected hijack ring leader, Mohammed Atta. As well . . .

"Time Magazine" is reporting that some of that money came in the days just before the attack and can be traced directly to people connected to Osama bin Laden.

It’s all part of what has been a successful FBI effort so far to close in on the hijacker’s high commander, the money men, the planners and the mastermind."9

The FBI had information on the money trail. They knew exactly who was financing the terrorists.

Less than two weeks later, the findings of the FBI were confirmed by Agence France Presse (AFP) and the Times of India, quoting an official Indian intelligence report (which had been dispatched to Washington).

According to these two reports,

The money used to finance the 9-11 attacks had allegedly been "wired to WTC hijacker Mohammed Atta from Pakistan, by Ahmad Umar Sheikh, at the instance of [ISI Chief] General Mahmoud [Ahmad]."

According to the AFP (quoting the intelligence source):

"The evidence we have supplied to the U.S. is of a much wider range and depth than just one piece of paper linking a rogue general to some misplaced act of terrorism."

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Pakistan’s Chief Spy Visits Washington

Now, it just so happens that General Mahmoud Ahmad, the alleged "money man" behind 9-11, was in the U.S. when the attacks occurred.

He arrived on the 4th of September, one week before 9-11, on what was described as a routine visit of consultations with his U.S. counterparts.

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According to Pakistani journalist, Amir Mateen (in a prophetic article published on September 10):

"ISI Chief Lt-Gen. Mahmoud’s week-long presence in Washington has triggered speculation about the agenda of his mysterious meetings at the Pentagon and National Security Council.

Officially, he is on a routine visit in return to CIA Director George Tenet’s earlier visit to Islamabad.

Official sources confirm that he met Tenet this week.

He also held long parleys with unspecified officials at the White House and the Pentagon.

But the most important meeting was with Marc Grossman, U.S. Under Secretary of State for Political Affairs.

One can safely guess that the discussions must have centred around Afghanistan . . . and Osama bin Laden.

What added interest to his visit is the history of such visits.

Last time Ziauddin Butt, Mahmoud’s predecessor, was here, during Nawaz Sharif’s government, the domestic politics turned topsy-turvy within days."

Nawaz Sharif was overthrown by General Pervez Musharaf.

General Mahmoud Ahmad, who became the head of the ISI, played a key role in the military coup.

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Schedule of Pakistan’s Chief of Military Intelligence Lt. General Mahmoud Ahmad, Washington, 4-13 September 2001

Summer 2001: ISI Chief Lt. General Mahmoud Ahmad transfers $100,000 to 9-11 Ringleader Mohamed Atta.

4 September: Ahmad arrives in the US on an official visit.

4-9 September: He meets his US counterparts including CIA Head George Tenet.

9 September: Assassination of General Massood, leader of the Northern Alliance. Official statement by Northern Alliance points to involvement of the ISI-Osama-Taliban axis.

11 September: Terrorist Attacks on the WTC and the Pentagon.

At the time of the attacks, Lt General Ahmad was at a breakfast meeting at the Capitol with the chairmen of the House and Senate Intelligence Committees Sen Bob Graham and Rep Porter Goss.

Also present at the meeting were Sen. John Kyl and the Pakistani ambassador to the U.S., Maleeha Lodhi.

12-13 September: Meetings between Lt. General Ahmad and Deputy Secretary of State Richard Armitage.

Agreement on Pakistan’s collaboration negotiated between Ahmad and Armitage. Meeting between General Ahmad and Secretary of State Colin Powell

13 September: Ahmad meets Senator Joseph Biden, Chairman of the Senate Foreign Relations Committee.

On the morning of Sept. 11, Goss and Graham were having breakfast with a Pakistani general named Mahmud Ahmed – the soon-to-be-sacked head of Pakistan’s intelligence service.

Ahmed ran a spy agency notoriously close to Osama bin Laden and the Taliban.

While the Washington Post acknowledges the links between ISI Chief Mahmoud Ahmad and Osama bin Laden, it fails to dwell on the more important question:

What was Mahmoud doing on Capitol Hill on the morning of September 11, together with Rep. Porter Goss and Senator Bob Graham and other members of the Senate and House intelligence committees?

Neither does it acknowledge the fact, amply documented by media reports that "the money-man" behind the hijackers had been entrusted by the Pakistani government to discuss the precise terms of Pakistan’s "collaboration" in the "war on terrorism" in meetings held at the State department on the 12th and 13th of September.

When the "Foreknowledge" issue hit the street on May 16th, "Chairman Porter Goss said an existing congressional inquiry has so far found ‘no smoking gun’ that would warrant another inquiry."

This statement points to an obvious "cover-up".

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The Investigation and Public Hearings on "Intelligence Failures"

In a bitter irony, Rep. Porter Goss and Senator Bob Graham, –the men who hosted the mysterious September 11 breakfast meeting with the alleged "hijacker’s high commander" (to use the FBI’s expression), had been put in charge of the investigation and public hearings on so-called "intelligence failures".

Meanwhile, Vice President Dick Cheney had expressed anger on a so-called "leak" emanating from the intelligence committees regarding

"the disclosure of National Security Agency intercepts of messages in Arabic on the eve of the attacks.

The messages (…) were in two separate conversations on Sept. 10 and contained the phrases

‘Tomorrow is zero hour’ and ‘The match is about to begin.’ The messages were not translated until Sept. 12"

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Red Carpet Treatment to the Alleged "Money Man" behind 9-11.

The Bush Administration had not only provided red carpet treatment to the alleged "money man" behind the 9-11 attacks, it also had sought his ‘cooperation’ in the "war on terrorism".

The precise terms of this ‘cooperation’ were agreed upon between General Mahmoud Ahmad, representing the Pakistani government and Deputy Secretary of State Richard Armitage, in meetings at the State Department on September 12 and 13.

In other words, the Administration decided in the immediate wake of 9-11, to seek the ‘cooperation’ of Pakistan’s ISI in "going after Osama", despite the fact (documented by the FBI) that the ISI was financing and abetting the 9-11 terrorists.

Contradictory? One might say that it’s like "asking the Devil to go after Dracula."

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An article in the French daily Le Figaro confirms that Osama bin Laden underwent surgery in an American Hospital in Dubai in July.

During his stay in the hospital, he met with a CIA official.

While on the World’s "most wanted list", no attempt was made to arrest him during his two week stay in the hospital, shedding doubt on the Administration’s resolve to track down Osama bin Laden.

Barely a few days ago Defense Secretary Rumsfeld stated that it would be difficult to find him and extradite him.

Its like "searching for a needle in a stack of hay".

But the US could have ordered his arrest and extradition in Dubai last July.

But then they would not have had a pretext of waging a war.

Meanwhile, innocent civilians are being killed by B-52 Bombers as means "to go after" Osama bin Laden.

According to UN sources, the so-called "campaign against international terrorism" could lead to the death of several million people from an impending famine.

The original article in French is also posted on the CRG webpage.

Michel Chossudovsky, CRG. 2 November 2001

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THE CIA MET BIN LADEN WHILE UNDERGOING TREATMENT AT AN AMERICAN HOSPITAL LAST JULY IN DUBAI

by Alexandra Richard

Translated courtesy of Tiphaine Dickson

Le Figaro, 11 October 2001
Posted at globalresearch.ca 2 November 2001

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Dubai, one of the seven emirates of the Federation of the United Arab Emirates, North-East of Abi-Dhabi.

This city, population 350,000, was the backdrop of a secret meeting between Osama bin Laden and the local CIA agent in July.

A partner of the administration of the American Hospital in Dubai claims that public enemy number one stayed at this hospital between the 4th and 14th of July.

Having taken off from the Quetta airport in Pakistan, bin Laden was transferred to the hospital upon his arrival at Dubai airport.

He was accompanied by his personal physician and faithful lieutenant, who could be Ayma-al-Zawahari–but on this sources are not entirely certain–, four bodyguards, as well as a male Algerian nurse, and admitted to the American Hospital, a glass and marble building situated between the Al-Garhoud and Al-Maktoum bridges.

Each floor of the hospital has two "VIP" suites and fifteen rooms.

The Saudi billionnaire was admitted to the well-respected urology department run by Teerry Callaway, gallstone and infertility specialist.

Dr Callaway declined to respond to our questions despite several phone calls.

As early as March, 2000, ‘Asia Week,’ published in Hong Kong, expressed concern for bin Laden’s health, describing a serious medical problem that could put his life in danger because of "a kidney infection that is propagating itself to the liver and requires specialized treatment".

According to authorized sources, bin Laden had mobile dialysis equipment shipped to his hideout in Kandahar in the first part of 2000.

According to our sources, bin Laden’s "travels for health reasons" have taken place before.

Between 1996 and 1998, bin Laden made several trips to Dubai on business.

On September 27th, 15 days after the World Trade Center attacks, at the request of the United States,

The Central Bank of the Arab Emirates announced an order to freeze assts and investments of 26 people or organisations suspected of mainting contact with bin Laden’s organization, and in particular at the Dubai Islamic Bank.

"Relations between the Emirate and Saudi Arabia have always been very close," according to sources, "princes of reigning families, having recognized the Taliban regime, often travelled to Afghanistan.

One of the princes of a ruling family regularily went hunting on the land of bin Laden, whom he had known and visited for many years."

There are daily flights between Dubai and Quetta by both Pakistan and Emirates Airlines.

As to private planes from Saudi Arabia or from the Emirates, they regulariy fly to Quetta, where their arrival is rarely registered in airport logs.

While he was hospitalised, bin Laden received visits from many members of his family as well as prominent Saudis and Emiratis.

During the hospital stay, the local CIA agent, known to many in Dubai, was seen taking the main elevator of the hospital to go to bin Laden’s hospital room.

A few days later, the CIA man bragged to a few friends about having visited bin Laden.

Authorised sources say that on July 15th, the day after bin Laden returned to Quetta, the CIA agent was called back to headquarters.

In late July, Emirates customs agents arrested Franco-Algerian activist Djamel Beghal at the Dubai airport.

In early August, French and American authorities were advised of the arrest.

Interrogated by local authorities in Abu Dhabi, Beghal stated that he was called to Afghanistan in late 2000 by Abou Zoubeida, a military leader of bin Laden’s organization, Al Qaeda.

Beghal’s mission: bomb the US embassy on Gabriel avenue, near the Place de la Concorde, upon his return to France.

According to Arab diplomatic sources as well as French intelligence, very specific information was transmitted to the CIA with respect to terrorist attacks against American interests around the world, including on US soil.

A DST report dated 7 September enumerates all the intelligence, and specifies that the order to attack was to come from Afghanistan.

In August, at the US Embassy in Paris, an emergency meeting was called between the DGSE (French foreign intelligence service) and senior US intelligence officials.

The Americans were extremely worried, and requested very specific information from the French about Algerian activists, without advising their counterparts about the reasons for their requests.

To the question "what do you fear in the coming days?", the Americans kept a difficult-to-fathom silence.

Contacts between the CIA and bin Laden began in 1979 when, as a representative of his family’s business, bin Laden began recruiting volunteers for the Afghan resistance against the Red Army.

FBI investigators examining the embassy bombing sites in Nairobi and Dar es Salaam discovered that evidence led to military explosives from the US Army, and that these explosives had been delivered three years earlier to Afghan Arabs, the infamous international volunteer brigades involved side by side with bin Laden during the Afghan war against the Red Army.

In the pursuit of its investigations, the FBI discovered "financing agreements" that the CIA had been developing with its "arab friends" for years. The Dubai meeting is then within the logic of "a certain American policy".
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www.globalresearch.ca – For more chilling realities on the role of governments entrusted with Power in democracy.

Time for Action on Auto Rescue Plan

December 16, 2008

Once again, partisan politics prevails over national interest in the backdrop of the economic crisis due to skyrocketing foreclosures, credit crunch and now,

Record unemployment at 6.7%, expected to rise further from the lack of action by the legislators, leaving the fate of the million workers in our nation hanging in balance.

The extreme demands by the legislators voting against the rescue plan to,

The United Auto Workers (UAW) union to agree to steep wage cuts to bring their pay equivalent to the Japanese auto industry is preposterous and poses the legitimate question to them in return.

Have these legislators made similar demands to the CEO’s of the auto industry prior to urging UAW to agree to such double standards?

Further, the following question from a wise representative of democracy to the so-called lawmakers otherwise the boulders contributing to the roadblock or failure of any important legislation is praiseworthy.

Even though the question is in context with the California State of affairs, it is still relevant as the Californian legislators particularly the Republican Party representatives have sworn to mimic their federal counterparts in escalating the economic recession.

Ref: Mercury news, December 12, 2008 – Thank you.

"What sacrifices are our leaders making?

Considering the latest estimates of the financial crisis facing California, I think we should all be asking our elected officials what sacrifices they plan to make during these hard times.

We the taxpayers are bracing for increases in taxes and fees, decreases in services, huge layoffs of public and private sector employees.

I have yet to hear anything about cuts being considered to the compensation, pension plans, health care, car allowances, per diem, etc., that our representatives enjoy.

The fact is that these so-called leaders are at the helm of this shipwreck.

Ultimately, it is their responsibility to run this state in a fiscally responsible manner.

They have failed miserably.

We should demand that any plan to bridge this budget gap start with cuts to those who failed us. "

Ken Kramasz

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The demand is fair and justified.

More grinding facts on the consequences of bailout failure:

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Article: Suppliers see their demise if Big 3 become insolvent

By Bill Vlasic and Leslie Wayne, New York Times.

Ref: Mercury News, December 12, 2008 – Thank you.

The excerpt from the article deserves attention.

“The hypotheticals about the domino effect of the companies’ troubles through the vast network of auto supplier firms – which employ more than twice as many workers as the carmakers – are becoming real.

Top of Pyramid

The Big Three, and their foreign competitors, are what most people think make up the entire auto industry.
But the car manufacturers are just the top of the pyramid.

While GM, Ford and Chrysler employ 239,000 people in the United States, the country’s 3,000 or so auto suppliers have more than 600,000 workers.

Most of the suppliers are not highly waged; they have no big pensions,…

Washington has a myopic view of the auto industry.

They just think of the Big Three and don’t think of us,” i.e. the suppliers.

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Challenge the Opponents:

What strategy or proposal the White House and the opposing legislators have in mind about the economy?

So far, they have been highly successful with their dogmatic policies that have led the economy towards recession.

With the lack of action in this matter, the collapse of other industries is imminent worsening the situation comparable to a black hole.

Aren’t they satisfied with the calamities they have brought upon this nation, that they are further determined to see through the peril before their much-awaited departure from the White House?

All these legislators including Senate Democrats in opposition to saving jobs and helping families through this rescue plan ought to think wisely, as they might be inadvertently putting themselves on notice in 2010.

For some, it might happen even sooner as there is a process called recall in a democratic system.

The people of the United States have learned a harsh lesson through Bush administration.

Conventional wisdom dictates that when something is of no value, it is best to discard and replace it with one of use that serves the purpose.

In the case of the incumbent administration, the notion might be what harm any inaction might do now as the term is nearing end.

History will do its part with judgment on the performance of any administration regardless of the cosmetic presentation by the representatives of the outgoing administration.

Notwithstanding the impending justice to be delivered for crime against humanity specifically violation of constitution thus far by oligarchy and their members.

In addition, the repercussions of the failures of any administration or individuals representing a political party cannot be ignored, especially if they are encouraging their clan (as it appears to be the norm in contemporary politics including democracy ) to retain Power further down the road.

No matter, how one circumvents the situation leading to the downfall of the once prosperous economy, the fact remains that willful negligence or malevolent policy to settle scores with opponents will result in their own ouster from the positions as legislators.

The elimination of the namesake lawmakers aka troublemakers will be the result of illogical conduct and abuse of power against the people and nation they falsely pledge to serve at all times and diligently during crisis.

Options for the White House to salvage the demise of the political party they represent in the coming elections is to act in the best interests of the people who are the electorate with the ability to entrust Power through electoral process.

Up until recently, the serious backlash suffered by the Republican Party represented by the incumbent administration in 2006 and 2008 is ominous that those who fail to deliver their commitments to democracy will share similar outcome reaching the point of no return to power.

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Action Required:

It is incumbent on the Treasury department and the White House to come forward and immediately release the unused $15 billion from the $350 billion financial bailout draw down currently held in cash to rescue the autoworkers and millions of jobs at stake.

Failing to avert the inevitable collapse of the industries providing food and livelihood for the electorate with power to elect officials to serve the public will be detrimental to the success and approval of the final bailout $350 billion defending the finance industry.

The authorization of the $15 billion from the current $350 billion is imperative barring any mandatory demand for wage cuts and benefits to the workers and UAW.

Any conditions to the rescue plan will apply to the CEO’s of the industry from cashing in bonuses and extravagant remuneration including kickbacks and shady Washington deals with the lobbyists by the legislators elected to protect national interest rather than self-interest.

Urgency of this auto rescue measure will prove the effectiveness of democracy in action.

Therefore, it is the responsibility of the Treasury department along with the White House to act promptly by releasing the cash held $15billion from the previously approved taxpayers’ $350 billion for the financial bailout and save the American workforce as well as the economy.

Procrastination rather than action in this matter will lead to the unrequested irrelevance and perhaps the end of a major political party in the coming elections by making way for the emergence of new political faction in the near future.

Thank you.

Padmini Arhant

P.S. The suggested plan of action also applies to the California legislators, currently engaged in threatening democracy and progress in all fronts of the legislation.

The Republic’s Verdict

December 7, 2008

Crime against Humanity – Judgment

Evidently from the presentation of Marine Sergeant Larry Hutchin’s case,

There are no winners in a war.

Everyone is a loser.

Not surprisingly, laws and justice are applicable only for those at the bottom of the hierarchy with a choice between disobedience to one’s own conscience and obedience to the chain of command beginning from the Commander-in-chief during such operation.

The root cause as witnessed by the world is the ideology and deceptive strategy behind the illegal invasion of Iraq that produced the massive casualties on both the American and Iraqi sides.

In particular:

The premise of war falsely suggesting and,

Misguiding United Nations with a claim, that Iraq was in possession of weapons of mass destruction (WMD).

Misleading American public by associating Iraq with September 11, attack.

Dismissal of dissent with slander such as unpatriotic, traitor and even a terrorist.

Further, demonstrating with a deliberate exposure of CIA overt operative Mrs.Valerie Plame in vengeful act against her spouse and former Ambassador Joseph Wilson, an opponent of the war.

In addition, non-compliance with the judiciary process in the matter of Mrs. Valerie Plame.

Conducting mandatory and undemocratic public survey to galvanize support for the occupation of Iraq.

Control of the mass media to propagate war message with no objectivity from the mainstream media and other airwaves.

Violation and rejection of Geneva Convention in the treatment of Prisoners of War and Suspects…

Contributing to national embarrassment i.e. Abu Ghraib.

Again, Iraq war operation carried out in violation of International Humanitarian Law or the Geneva Convention with activities not excluding —
CLUSTER BOMBING, GBU-43/B "MOTHER OF ALL BOMBS"

MOAB – MASSIVE ORDNANCE AIR BLAST BOMB


TITLED “SHOCK AND AWE.”

Suppression of facts and evidences on casualties and the victims of the so-called “Friendly Fire.”

Misuse of Power exhibiting nepotism and misappropriation of funds in hiring Kellogg Brown & Root (KBR), a subsidiary of Halliburton with vested interest by Vice President Dick Cheney.

Source: http://havenworks.com/business/research/halliburton-kbr/ – Thank you.

"Ex-Guardsmen sue KBR over alleged poisoning." … "KBR Inc. [KBR is a former subsidiary of Halliburton, the corporation formerly run by Republican Vice President Dick Cheney] was,

sued by ex-members of the Indiana National Guard and accused of knowingly exposing employees and the soldiers protecting them to cancer-causing dust at an Iraqi worksite in 2003." …

"Sixteen soldiers said in a complaint in federal court in Evansville, Ind. [Indiana], that Houston[Texas]-based KBR and related companies are responsible for chromium poisoning at Qarmat Ali, Iraq." …

"The plaintiffs, from the Tell City, Ind., Guard unit, were providing security for KBR during repairs of a water-treatment plant, according to the complaint.

The site was contaminated for six months by hexavalent chromium, a carcinogen in powdered compounds used to control corrosion, it said." …

"“The Tell City Guardsmen were repeatedly told that there was no danger on site, even after KBR managers knew that blood testing of American civilians exposed onsite confirmed elevated chromium levels,” the soldiers’ lawyers said in court papers." …

"Hexavalent chromium on first exposure causes nosebleeds, respiratory ailments and rashes,

which the soldiers said KBR officials told them was caused by dry desert air or sand allergies, according to the complaint. Chromium poisoning is irreversible, it said." …

"KBR sought to conceal the contamination and, once it was discovered, to limit exposed individuals’ knowledge about the level of poisoning they had suffered, the soldiers claimed." …

"Ed Blacke, who worked as a medic at Qarmat Ali, testified that KBR fired him when he discovered the chromium exposure and tried to warn workers." -Bloomberg via -Chron

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"Military contractor in Iraq holds foreign workers in warehouses." …

"About 1,000 Asian men who were hired by a Kuwaiti subcontractor to the U.S. [United States] military have been confined for as long as three months in windowless warehouses near the Baghdad [Iraq’s capital] airport without money or a place to work." …

"Najlaa International Catering Services, a subcontractor to KBR [formerly a Halliburton subsidiary,

the corporation formerly run by Republican Vice President Dick Cheney], an engineering, construction and services company, hired the men, who’re from India, Nepal, Sri Lanka and Bangladesh.

On Tuesday, they staged a march outside their compound to protest their living conditions." …

"The laborers said they paid middlemen more than $2,000 to get to Iraq for jobs that they were told would earn them $600 to $800 a month." …

"The conditions in which the men have been held appear to violate guidelines the U.S. military handed down in 2006 that urged contractors to deter human trafficking to the war zone by shunning recruiters that charged excessive fees." -By Adam Ashton -McClatchyDC.com

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"KBR Suit Alleges ‘Forced Labor’ and ‘Slavery’." …

"We’ve now looked through the lawsuit against KBR that we told you about this morning.

The complaint (pdf) alleges that the company —

the biggest U.S. [United States] contractor in Iraq during the period at issue — engaged in a human trafficking scheme whereby 12 Nepali men were brought to Iraq to work and were prevented from leaving.

The men were then kidnapped by insurgents, and all but one were executed." …

"In sum: "Defendants’ actions as set forth above constitute the torts of trafficking in persons, involuntary servitude, forced labor, and slavery."" …

"This is hardly the first time that KBR has been in hot water, of course.

As we noted back in June, the company "was criticized in March for making troops sick by failing to provide clean water.

And top military officials have given false statements to Congress to quell controversy over the company."

In addition, at least two female former KBR employees in Iraq have alleged that they were raped or sexually assaulted by co-workers,

and that KBR was less than aggressive in investigating their claims." -By Zachary Roth -TPMMuckracker .TalkingPointsMemo

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Incidents involving violation of human rights against Iraqi civilians by private contractors of Black Water Corporation hired by the incumbent administration.

REF: Blackwater GUARDS: MERCENARIES OR DECORATED VETS? – YAHOO! NEWS
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The highlighted facts are merely a few of many notable activities worthy of condemnation and justifiably indictment.

It is no revelation that the executive branch and some exempting themselves by conveniently categorizing oneself as the legislative member of the branch i.e. Vice President Dick Cheney,

Have not accepted responsibility or expressed remorse…

Over sponsoring the catastrophic war conscientiously executed in a style similar to a recreational activity with an utter disregard for life in general at the dawn of twenty first century.

Notwithstanding corruption, cronyism and tax evasion of millions of U.S. Tax dollars tucked away at Ugland House, a camouflaged building on the Cayman Islands.

The reason being, the members of Congress as elected officials representing democracy have not pursued the crime against humanity as a significant moral or ethical crisis in the highest office on land.

It is noteworthy that many legislators in both the Senate and Congress cast their vote for the illegal invasion of a nation posing no verifiable threat to United States.

Unlike, Marine Sergeant Larry Hutchins who had to make a split second decision with dire consequence for failing to obey the order.

These legislators had the opportunity and privilege to review facts and access information prior to pledging their support.

Unfortunately, many did not choose that path and instead approved the death penalty of thousands of brave young men and women in our armed forces along with over a million innocent Iraqi civilians.

Hence, there is no accountability for the systematic abuse of power in the entire term of eight years.

Clearly, democracy undermined in an unprecedented manner thus far.

Such legacy provides basis for future unethical conduct and immoral behavior with no consequences.

It is a dangerous trajectory with a widespread impact on humanity.

Therefore, it is the duty of every concerned, caring, compassionate and patriotic American to come forward and demand that their legislators / representatives display courage in honoring the brave young men and women and innocent civilians in Iraq who lost their lives in an operation carried out under the guise of establishing democracy titled Operation Iraqi Freedom

While, simultaneously hijacking the one at home and successfully bankrupting the economy.

It is imperative for the people with power in a democracy to seek,

Impeachment proceedings and indictments against the incumbent administration for misrepresentation and abuse of executive power.

Most importantly for ignoring the existence of Constitution in the land of Republic.

The legal minds across the nation must fulfill obligation towards democracy and fellow citizens lost in the Iraq war with rigorous prosecution of all those individuals in the incumbent administration responsible for the incredible dishonesty and horrendous crime against humanity.

Any immunity or partiality to the current administration by the judiciary will be an assault on the democratic system with law and order for every individual to follow regardless of ranks and power in the land of justice.

All those in opposition to delivering justice to the victims of Iraq war and the above listed crimes deemed complicit to the abuse of power and authority.

Needless to add that those entities will share similar fate of Mr. O. J. Simpson as witnessed lately.

The reaction and response are a direct result of cause and effect of action and decision-making process.

The Law of Cause and Effect is fair; no one enjoys any special privileges at all.

That wrong cannot win against reason,

Reason cannot win against law

Law cannot win against power and

Finally,

Power cannot win against Heaven.

Thank you.

Padmini Arhant

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