India – Constitution and Democracy under Siege

December 16, 2019

India – Constitution and Democracy under Siege

Padmini Arhant

Reiterating earlier call for Prime Minister Narendra Modi and home minister Amit Shah to step down from office in light of status quo specifically deteriorating law and order deploying undemocratic means using public funded law enforcement and other cadre to silence democracy resulting in innocent lives deaths and unlawful detention of peaceful participants voicing their legitimate concern over the unconstitutional Citizenship Amendment Act and religion biased Naturalization law. 

Prime Minister Narendra Modi and home minister Amit Shah’s religion and caste oriented politics is the epitome of their political career. BJP government desperate attempts to distract citizens attention from burgeoning economic issues such as high unemployment in all sectors, agrarian crisis, decline in economic growth and productivity, massive banking fraud severely affecting banking industry creating panic and frustration among common depositors having lost all their savings earlier from PM Narendra Modi’s disastrous demonetization and now in the state run banks mismanagement of public funds allowing unscrupulous members associated with political parties and economic sector to default and abscond on government and political opposition watch is merely the tip of the iceberg.

Since assuming office in the second term touted as Modi 2.0 by state operated media and other communication outlets, PM Narendra Modi and home minister Amit Shah together embarked on controversial and counterproductive topics beginning with Article 370 abrogation, Criminalizing Triple Talaq (Divorce) among Muslim community while turning a blind eye to similar or worse situations among Hindus and other demography, declaring Lord Ram Temple construction through hamstrung Supreme Court’s final verdict on the embattled Babri Masjid (Mosque) site in Ayodhya, Uttar Pradesh comprising largest Muslim population…are BJP’s election manifesto preliminary actions. 

Lately, PM Narendra Modi and home minister Amit Shah rammed Naturalization Law and Citizenship Amendment Act cherry picking three neighbors in the entire India sub-continent and South Asia. They are Pakistan, Afghanistan and Bangladesh isolating Muslims in religion based asylum in the Northeast and rest of India. PM Narendra Modi justified the conspicuous discrimination against Muslims in this process stating they belonged to the majority in their country of origin compared to the BJP government empathized groups viz. Hindus, Sikhs, Buddhists, Jains, Christians and Parsis in those three nations ignoring the persecuted Sri Lankan Tamils living in Indian Southern State Tamilnadu and elsewhere who are ardent followers of Hinduism or Sanatana Dharma  evident in Hindu Temples erasement in Sri Lanka during ethnic cleansing by recently re-emerged Mahinda Rajapaksha regime (not without backend international and Indian political maneuver) in Colombo.

Likewise, the ostracized Rohingya muslims as minority in Myanmar with children, elderly and women upon arrival on Indian soil were expelled on unsubstantiated terrorism charges by this government showing little or no consideration for gross human rights violations experienced by them in Myanmar.

The irony in the ongoing catastrophic strategy of transforming India into a Hindu State and welcoming Hindu minorities from Muslim majority nations in the neighborhood completely neglects the plight and miseries of so-called Dalits, Adivasis (Natives), Indigenous, Scheduled Caste, Scheduled Tribe, Backward Class, Other Backward Class (OBC) representing overwhelming majority Hindus subject to atrocities and extreme violence from Hindutva zealots under the pretext of cow vigilantes tied to organizations viz. Bhartiya Gau Raksha Dal / Indian Cow Protection Organization and other fundamentalist groups directly operating under RSS run BJP nationwide. Notwithstanding the land confiscations from various tribes and farmers to benefit certain corporate families like Gautam Adhani, Mukesh Ambani, Anil Ambani and the likes having close ties with the government and political class in general.

The interesting factor is the BJP government in New Delhi and other states /provinces have long been involved in beef export to near and far destinations amid fomenting violence leading to mob lynching on this issue against muslims and people determined as social outcasts referred to as Dalits in society.

Where is the humanitarianism from Prime Minister Narendra Modi and home minister Amit Shah towards sweeping majority i.e. the designated lower caste Hindus enduring generational prejudice in urban areas and untouchability in rural parts of the country with the practice institutionalized in the past five years of BJP government?

The incumbent government’s consistent pattern in utilizing polarization politics to deflect mass grievance and anger over economic woes to BJP manufactured social and humanitarian chaos confirms the administration’s inability to effectively address the growing economic problems demanding prompt solutions that appears to be unavailable given the government priority on anything other than the economy.

The government selective raids and investigation on corruption scandals excluding large swath of members within and among alliances in addition to corporate favorites and celebrities in the entertainment with an alarming record of tax evasions, offshore hoarding in tax havens, black money and embezzlements reported in Panama Gate and other national as well as international corruption exposures barely attract the authorities interest.

Contrarily, in neighboring Pakistan, the Panama Gate revelation caused political storm ousting the accused former Prime Minister Nawaz Sharif and family with imprisonment freezing the assets of Sharif family for fraudulent dealings and illegal wealth amassment in the economically struggling nation with substantial population in abject poverty. 

India is no different in terms of impoverishment with the poor and poorest survival hanging in balance by the minute of their lives whilst the rich, famous and powerful stashing wealth overseas and in disguised investments lasting several generations are untouchable and held above law. The reverence and constant adulations of them making headlines and in news columns overcast criminal indulgence exempting them from any inquiry and rule of law.

Indian politics has evolved into betting, bidding and bareknuckle crony capitalism. The corporate run government with major political party deploying underhanded tactics to intimidate and lure members of opposition is heading towards consolidating power unbridled in enforcing and executing policies and agenda rejecting consequential upheavals from such endeavors. 

The fragmented and fragile Indian opposition fraught with internal strife pose no threats to the ruling BJP having successfully established the horse trading in forming or toppling government at regional and national level.

The opposition has no meaning or relevance witnessed in latest state assembly elections with parties forging alliance regardless of political ideology and platform sharing the common goal to access power even if that calls for alternating terms in office.

The victim in the current political, economic and social environment is none other than the average citizen. The middle class and downwards bearing the brunt of the escalating abuse of power targeting the most vulnerable and weak segments whether it be muslims or the economically burdened lower class confined to accepting government’s lack luster performance in the economic front unassailable.

History is testimony to events beyond threshold delivering outcome against anything unsustainable.

Indian democracy is indeed at risk and the nation beckons not only forward, progressive, open minds but also anyone who deeply care about their present and immediate future to rein in authority wasting taxpayer funds and national resources in unnecessary and futile exercise with serious repercussions.

Thank you.

Padmini Arhant

Author & Presenter


India – Introduction to New National Political Party

March 19, 2019

New Zealand Mosque Massacre

Padmini Arhant



India – Introduction to New National Political Party

Padmini Arhant 

With great pleasure and responsibility, I, Padmini Arhant announce India’s New National Political Party – Gantantra Shakti Dal (Republic Power Party). The goal is to transfer power from the political establishment to republic i.e. the ordinary people in the country from Jammu & Kashmir to Kerala not excluding the union territories of India.


As mentioned earlier in my video presentations related to India’s deteriorating political, economic and social conditions predominantly affecting the poor, marginalized and disenfranchised demography which is unfortunately the overwhelming majority in society,

Notwithstanding national security and sovereignty threatened due to Indian politics collusion and complicity with external foreign forces diktat and influence,

A new national political party is introduced in the absence of effective, credible and formidable opposition to ruling parties subversion of democracy and abuse of power witnessed throughout Indian political history since independence and more so in the twenty first century until now.

Regardless of political principles and platform, the regional and national parties share a commonality i.e. corruption and misuse of authority against citizens despite the electoral mandate emanating from them.

The UPA and NDA regimes headed by Sonia Gandhi and Prime Minister Narendra Modi respectively have redefined governance to suit their agenda symbolically and ideologically in terms of political dynasty claiming entitlement to power and communal politics polarizing communities for vote banks that are proved dangerous and counterproductive thus far.

Neither UPA nor NDA rather Congress and RSS backed BJP are desirable to voters presently considering their relevant track record that speaks volume in mismanagement of economy serving only them and their allies in politics, economic sector and loyalists viz. cronies in society.

The farmers, labor force and importantly soldiers in the defense force have been grossly neglected in the quest to remain in power.

It is no secret that India’s economic growth in the last two decades have largely benefitted the wealthy and the industrialists enabling them to defraud India’s weak financial system affected by political interventions and exchange of favors to politically well connected industrialists absconding offshore as fugitives taking advantage of immunity at destination and from Indian government.

India’s poor remaining poorest enduring generational poverty, hunger and disease, the middle class constantly striving with minimum two or more income within a family of four to maintain a reasonable living standard while the rich elevated to filthy rich category is the norm deepening the divide between haves and have nots beyond control. The reason behind this trend over 70 years of India’s freedom is predominantly corruption, capitalist socialism, lack of transparency and accountability.

When the political system is entrenched in carcinogenic corruption, the cancerous growth metastasize becoming an imminent threat to existence. India is unfortunately experiencing do or die dilemma with rigid dichotomy between corporate owned politics and economically struggling local population barely bridging the gap in milestones reached on economic front.

The world’s second most populous nation poised as the largest democracy constitutionally designed to fit into secular patchwork and vivid diversity is torn in the tussle to be or not to be a democracy in the present time particularly under incumbent Prime Minister Narendra Modi’s tenure.

The indisciplined political cadre infiltrating apparatus is responsible for dysfunctional orientation hindering pervasive progress. The strong resistance to anti-corruption laws witnessed during UPA and NDA terms in office is the precursor to prolific corruption in politics having contagion effect nationwide.

The toxic mix of corruption, crony capitalism and celebrity powered politics has systematically eroded democratic ethos to the extent of endangering innocent lives targeted on religious dogma by cow protectionists and zealots chasing minorities and socially ostracized groups in the archaic primitive casteism to retain fundamentalism.

Women’s rights are politically exploited with paradoxical maxims based on religions in the bareknuckled implementation aimed at political mileage.

Ironically, both Prime Minister Narendra Modi and opponent Rahul Gandhi of Congress  party wooing women votes in this national election are far from any respectable accounts related to women in their personal lives given the former i.e. PM Narendra Modi abandoned his spouse without any financial or moral support to her well after his prominence and power in the country.

Rahul Gandhi, sporting to be next Prime Minister was involved in gang rape incident of his own Congress party supporter with her family been loyal to the party for generations were returned favor by forcing them into oblivion using threats and intimidation that are common among political class both ruling and opposition alike in the so-called democracy.

Prime Minister Narendra Modi has invested a great deal in media campaign falsely projecting his image through illegal undemocratic opinion poll claiming the environment is in his favor against reality.

Prime Minister Narendra Modi has confirmed via media that recent air strike in Balakot, Pakistan was not to send a message to terror networks since no data has been provided until today on number of casualties and their names etc.

The operation to hit the empty godown or camp ground in pretty much no man’s land in Khyber Pakhtunkhwa was done to revive his own declining numbers nationwide linked to his dismal performance in economic development and social issues that has led democracy under siege in his direct leadership and involvement.

Prime Minister Narendra Modi has not shied away from unethical and inhumane use of the martyred defense personnel incident in Pulwama, Kashmir that could have been thwarted had PM Narendra Modi’s government intervened promptly on the inevitable terror attack message brought to PM Narendra Modi’s personal attention.

Furthermore, PM Narendra Modi government’s sheer negligence slighting CRPF personnel safety by not organizing safe air passage to their army posts and allowing them to travel by road subject them to vulnerability costing their lives that could have been averted in exercising diligence and care for the defense force.

On freedom, liberty and civil rights – the Congress under Sonia Gandhi unleashed violent crackdown on anti-corruption rallies causing death of a woman participant Rajbala in June 2011. Sonia Gandhi government also  imprisoned then organizers and chief advocates of anti-corruption viz. Anna Hazare and colleagues at that time.

Prime Minister Narendra Modi pursued similar action against environmentalists, human rights activists, academics, writers and journalists perceived as anti-nationals with unsubstantiated allegations against them justifying PM Narendra Modi’s executive order to arrest them without due process. There were also some assassinations of writers and authors at government’s behest in the southern state of Karnataka.

Prime Minister Narendra Modi has asserted on corruption free term which in itself pose a credibility factor in the wake of explosive and controversial Rafale defense deal beckoning submission to serious public inquiry like the Joint Parliamentary Committee (JPC) for thorough review and assessment of the pros and cons expending Indian taxpayers money to bail out Anil Ambani’s insolvent business.

The proposal is rejected by the ruling party and specifically PM Narendra Modi given his exclusive and individual decision to benefit his campaign donor and corporate ally Anil Ambani at the expense of India’s national security and economy.

Prime Minister Narendra Modi always in the forefront to take credit on anything and everything with positive effects somehow never acknowledges responsibility for his numerous failures since assuming power in 2014 until now. 

The biggest ever debacle of Prime Minister Narendra Modi’s policy is DEMONETIZATION voiding 500 and 1000 rupees notes under the pretext of recovering black money which in fact is held in abundance among his cabinet members, political party, opposition, industrialists and celebrities in the entertainment industry. Prime Minister Narendra Modi instead chose to paralyze the economy aiming at the average and middle class citizens in the country ignoring grave consequences including tragic endings of many citizens who committed suicide from unbearable economic losses and irreversible situations affecting their lives and livelihoods that has not been recognized by Prime Minister Narendra Modi avoiding the most sensitive topic till today. 

The other economic fiascos under Prime Minister Narendra Modi are arbitrary application of goods and services tax (GST)  hurting the distressed farmers in the ailing agrarian economy in addition to the small and medium businesses and consumers harming the retail sector. 

Prime Minister Narendra Modi has miserably let down youth voters across the length and breadth of the country turning a blind eye to unemployment conditions that are phenomenally high for government reported $2 Trillion economy touted to achieve $5 Trillion mark by 2025. The severely lagging job market do not correlate with government stated economic prospects that remains a far cry in the current settings. 

The younger generation are lured into running propaganda machinery on social media viz. youtube and other outlets to defend Prime Minister Narendra Modi’s indefensible legacy in every aspect.

Prime Minister Narendra Modi has single handedly launched surgical strikes on Indian electorate with demonetization, GST, soaring unemployment among youths escalating crimes in society like rape, murder, mob lynching and social unrest.

Importantly Prime Minister Narendra Modi has brought down these institutions on its knees – Reserve Bank of India (RBI), Central Bureau of Investigation (CBI), Election Commission of India (ECI) not even sparing the Supreme Court of India (SCI) crying for help from the public.

As though these were not enough, Prime Minister Narendra Modi’s potent weapon against citizens in the biggest state Uttar Pradesh is his personally hand picked Chief Minister Yogi Adityanath to impose Hindutva doctrine in the name of cow reverence and orthodox beliefs splintering the foundation of democracy and communal base.

Prime Minister Narendra Modi’s trajectory instigating communal violence in Godhra, Gujarat has been the bed rock for terrorists recruitment in the embattled state Jammu & Kashmir and across the border in Pakistan.

Last but not the least, the environment is in shambles choking citizens in the capital New Delhi ranking at rock bottom in the international charts on clean air making residents from children to elderly wear face masks to combat air and noise pollution not to mention the heavily contaminated rivers whether the Holy Ganges in Varanasi or Yamuna in Delhi and all 0ver the country yearning for relief and purification.

Prime Minister Narendra Modi’s aversion to press conference, public interviews and national debate adequately summarize evasive strategy denying the people of India due explanations on various issues with devastating impact on the nation at large.

It’s time to say farewell to political enterprise covering each other on corruption and catastrophe irrespective of regimes in power.

India deserves a new life and the new national political party Gantantra Shakti Dal (GSD) is precisely up to the task to confront challenges, trials and tribulations as the bastion of democracy, unity, peace and justice.

Jai Bharat!

Thank you.

Padmini Arhant

Author & Presenter






U.S.Economy & Financial Markets

October 11, 2018

U.S.Economy & Financial Markets

Padmini Arhant

The Federal Reserve preparation to hike interest rates in December 2018 in consideration of historic lower unemployment and GDP forecasts is received cautiously with financial markets reaction to United States and China trade war alongside unnecessary economic sanctions against Iran and Venezuela having drastic impact on global economy.

The Federal Reserve move on gradual rate increase to maintain inflation at current 2 percent bearing low unemployment is a step focused on limited factors such as job and GDP data. However, the fact of the matter is there are other aspects with potential reverse outcome on Federal Reserve’s action to interest rates hike that merits attention.

On the job status, the unemployment figures might be impressively low. Nonetheless, the cash flow in the economy is still lagging in small and medium businesses and other areas of the economy involving direct consumer purchase such as the housing market and automobile industry.

In general, the consumer spending is fairly weak and reflected in retail industry poor performance with many brick and mortar stores struggling to survive in the anemic retail business. The retail figures at the end of holiday season this year will further indicate the condition one way or another. The conventional retail chains and big stores are facing tough competition from e-commerce with online giant like Amazon forcing  shutdowns on major retail stores unable to compete effectively given the popularity and convenience of online marketing.

The e-trade is a big challenge to standard retail business and that in a way controlling inflation on many goods and services in the market. Again, the purchasing power among majority of consumers in the middle and lower incomes category is static and even remain below the expected level despite low unemployment in the economy. One of the reasons behind this sluggish consumer spending is lack of fair income distribution.

Although the job market might appear to be favorable, the buying power among consumers on big budget items like home and cars as well as other essentials are nowhere near  anticipated market share with significant impact on construction industry and manufacturing sector.

On the international front, United States administration policy towards Iran and Venezuela is triggering currency devaluation in emerging economies like India and developing nations such as Pakistan, Turkey and countries in Latin America dependent on crude oil imports from overseas. The U.S. dollar pegged to oil trade, the strengthening of U.S. currency is mainly associated with global transactions in dollar and the alternative being euro depleting foreign currency reserves for most nations worldwide.

European economy barring Germany, Norway and few Nordic states are yet to recover from recession started back in 2007 and experienced until now. Many EU members like PIGS ( Portugal, Italy, Ireland, Greece and Spain) along with Eastern European EU states are not relieved from economic crisis and barely able to meet financial obligations amid EU enforced austerity contributing to depressed economic growth and development.

The debt saddled nations are driven towards debt servicing to enrich international monetary authorities and prominent bankers profiteering on the extraordinary debt burden of these countries confronted with liquidity crunch creating the dilemma of debt trap causing economic downturns for nations in this situation.

In the given scenario, euro as the optional trading currency is superficial posing needless strain on global economic activities especially in the backdrop of fragile European economy and United States politically motivated sanctions against Iran and Venezuela compounding the problems on the energy demands and supply chain for nations like India and China with massive energy consumption to fuel the economy. The other efforts in this context such as raising OPEC output to deal with United States sanctions on Iran and Venezuela do not satisfy market requirement that are already felt with unaffordable fuel prices in India, Pakistan, Sri Lanka and many parts of the world.

United States and Europe would be ultimately affected as the western multinational corporations are predominantly benefiting from global presence and operations right from production to sales, distribution and service  in many industries invariably exposed to common energy and economic issues striking the consumer base in Asia and other regions instrumental in boosting global economic progress.

The global economic regression is directly related to these unwanted events with immediate repercussions on allies and those behind the strategy. China trade war is another dimension with United States having granted the former MOST FAVORED NATION (MFN) status and many United States companies involved in manufacturing goods from China that are not only available in America but also in the global markets. China has long been the world’s central exporter and wholesaler with businesses from far and wide ignoring labor exploitation in addition to normal employment and environment violations in the profit-oriented system. As such, China’s reciprocation to U.S. actions are not without consequences for both economies engaged in mutual trade warfare.

Accordingly, discernment on decisions against China, Iran and Venezuela from the U.S. administration under President Donald Trump is critical to save the economy from possible meltdown in the aftermath of global economic decline that are visible in the wake of current account deficits among many nations trying to maneuver the difficult predicament of survival and resolution to impending economic woes generating anxiety in the global domain.

As for the Federal Reserve resolve to move forward on the overnight federal funds rates over the next year and beyond from the present 2 and 2.5 percent to about 3.4 percent to contain inflation at 2 percent would predictably slow the positive economic trend hurting prospects in the already suppressed housing market and retail sales as highlighted above.

The macroeconomic forecasts on United States GDP for third quarter at 3.7 percent and 2.6 percent for fourth quarter with the Federal Reserve revision showing higher growth figures based on the latest tax cuts and government spending prompting Federal Reserve position on premature rate increase neglect stagnancy in ordinary household income.

The mere job growth in the absence of affordable living standards confirm income disparity. The per capita average net income and cash flow determining consumer price index and inflation is trailing behind projections and proposed changes to rates could wipe the gains realized in the recession free economic span in the past decade until now.

In a nutshell, the exponential rise in minimum wage and average income i.e. per capita income in correlation with GDP is important besides minimizing joblessness in the economy prior to addressing inflation alone in the macro and micro economic management.

Thank you.

Padmini Arhant 





















India and United States – Facts on Economic Matter

September 27, 2015

By Padmini Arhant

The incumbent Indian Prime Minister Narendra Modi overseas visit propagated as boosting foreign investors confidence in India is the current review.

For any nation, economic growth is vital to improve the living conditions especially in countries with vast majority in abject poverty, hunger, disease and illiteracy suffering over generations for better life.

The economic development to address burgeoning issues like unemployment, inflation, local business opportunity, rural economy assisting farmers in the agricultural front rather than seizing farmland to benefit corporate donors funding election campaigns, affordable housing, healthcare and education would be constructive.

On the other hand, promoting foreign agenda on behalf of financial institutions having reputation in sinking economies leave population in debt slavery under the guise of progress.

The plan executed to benefit core members in the gambit exacerbating economic woes and myriad problems for the nation.

In terms of foreign investments in India – the reform pledges to attract multinational corporations (MNC) ventures conforms to neo-liberalization – the hallmark of hegemony global economy policy.

The fact of the matter is capital funding in a nation like India need not be derived from foreign source. 

India’s predicament is outbound capital flight through black money, assets held in offshore accounts and tax evasions amongst the rich, famous and powerful depleting state treasury.

Any financing from abroad in Indian economy is typically utilizing India’s due national revenue laden with interest paid by the people and shared between external and internal operatives behind hoarding money in tax havens and Swiss banks fostering money laundering.

The ruling power in India were to crackdown on corruption beginning with political establishment in black money recovery instead of clamping down on humanitarians and peace activists –Prime Minister Modi and delegations’ business oriented foreign trips expenditure could be divested in domestic economy.

Furthermore, kickbacks on private and public sector deals and embezzlements ranking high on corruption scandals the government protection with political impunity is a serious setback for the economy.

The government response to these scams inversely punish those investigating corruption with job transfers to remote locations or removal from respective positions – the common occurrence in civil administration. 

Indian Administration Service (IAS), Indian Civil Service (ICS) and Indian Police Service (IPS) notwithstanding criminal bureau of investigation (CBI) officials are routinely subject to such treatment in high profile graft probe.

Upon collecting national income from the economic, entertainment and other commercial sectors with appropriate tax policy,

The banking sector capitalization facilitating liquidity flow for trade and commerce in the small, medium and large (SML) enterprise is viable without having to pay exorbitant interests risking state holdings to foreign lenders often submerging economy witnessed in Greece and similar experience by developing nations in the World Bank and IMF authorized financial undertakings.

The abundance in entrepreneurial skills and business acumen in India combined with financial resources could accelerate domestic productivity in the long proposed Make in India goal.

However, the ruling government arrival in foreign land touting for Make in India while spending $2.5 billion in defense purchase increasing India’s recent military expense to $10 billion is a huge contradiction in action deviating from projection.

The political trend with leaderships desire to extend term in office guaranteed in cooperation with foreign defense industry representing the military industrial complex. The quid pro quo apparently slight electoral discretion.

United States corporations vying for investments in India or elsewhere ignore ailing economy and fairly high joblessness at home despite tax breaks and other incentives to revive manufacturing, retail and export market.

The two scenarios – India and United States economies require native production to curb job losses and restore economic activity across the spectrum unlike priority to disproportionate military disbursements.

Hegemony sponsored neo-liberalization seeking open end access for multinational companies  in foreign marketplace whether emerging or developing economy favor shareholders and key investors profiteering to global labor force and indigenous businesses detriment.

Yet neo-liberalization falsely promoted as globalization against protectionism although the implementation thus far mainly safeguards MNC monopoly.

Public debate and scrutiny on government decisions pertaining to economy, political, social, environment and other related areas necessary to reinstate democracy.

Otherwise taxpayers funded governments and representatives are staged as the most powerful political figure, authority and cult phenomenon warning fact finders to refrain from challenging status quo confirming the departure from democratic system.

The systemic abuse of power and misrepresentation is the ominous sign of decadence.

Citizens fearing political class in contrast to politics concern over electorate reaction determines republic rule.

Peace to all!

Thank you.

Padmini Arhant







United States – Jobs, Economy and Deficit Reduction

September 18, 2011

By Padmini Arhant

United States unemployment at 9.2% and disproportionately higher among African Americans about 16.2% is national concern deserving attention from lawmakers, corporate America and institutions in the advisory role on job creation.

Economic stimulus through banking industry and automobile sector bailouts including various tax credits to middle class as well as tax breaks to companies,

Not barring Bush tax cuts extension to the wealthiest in the growth revival expectation is yet to produce anticipated jobs across the nation.

Beginning with credit crunch affecting small business and medium enterprise along with housing market decline despite historic lower interest rate,

In addition to stagnant job market restrains consumer spending relevant to energize industrial output.

Incentivizing small and medium entrepreneurships with required capital via business loans at special rates for established business and those struggling to retain or hire workers,

While minimizing health care costs and tax burden might provide relief to small businesses in turn easing the unemployment situation.

Corporations holding cash reserves could boost consumer confidence through jobs with domestic investments in manufacturing and service industry besides promoting research and development.

Tax breaks to corporations when utilized in job retention would promote economy and revenue prospects to address deficit reduction.

Simultaneously tracking tax evasions by corporations and wealthiest in the society could potentially deduce contributors to existing economic woes and growing national debt.

Regulations in the legislated financial reform is redundant with the lack of initiative and political will to appoint dedicated consumer advocate including crucial checks and balances on Wall Street irregularities having become standard business practice in the era of hedge fund type mismanagement.

Housing market is still under enormous pressure due to inadequate programs to help homeowners salvage foreclosures and short sales – promoting unscrupulous methods among trade representatives and lenders focused on immediate gains precipitating decline in home value.

As a result home investments is less attractive driving long term investors away from real estate to other investment opportunity with precious metals and commodities comparatively yielding better returns even against the increasingly volatile bond securities.

Stabilizing housing market with pervasive assistance largely from financial institutions having benefitted in the taxpayer bailouts could now reciprocate by offering relevant discounts or considerations to all i.e. first time buyers and significant population facing hardships to keep their homes in the deepening recession.

Such comprehensive measures would then generate rebound in home prices and construction industry not excluding occupations associated with commercial and residential real estate resetting employment for labor segment.

The current threshold in home rescue plan viz. ‘Make Home Affordable’  (MHA) is restrictive barely accommodating the needs of vast majority entirely at lenders’ mercy and discretion in interest rates modification or present market value adjustment for viable affordability given the available parameters favor lenders more than borrowers in the prevalent economy.

Monopoly in the national or global market share redefines capitalism endangering consumer rights and market economy dynamics.

J P Morgan Chase heading a group of five banks in control of 95% world derivatives market could inevitably threaten competition with corporate policies overriding consumer protective regulations and other necessary market interventions.

Similarly in the telecommunication sector – AT&T recent acquisitions are T-Mobile, Verizon, Cingular, Xanboo…are just a few with more on the horizon.

Nations confronted with rising debt and austerity to survive credit rating and budget crisis pose lingering uncertainty in the global financial market and general economy.

The constant speculation on possible default foment trepidation in the otherwise willful overseas economic partners investment proposals to alleviate challenges in the higher debt economies struggling between rigorous spending cuts and political opposition to tax hikes against wealthiest reaping benefits at the poor and middle income groups cost.

Tax code reform and streamlining tax structure closing loopholes is centralized discussion missing in action.

Another vital revenue source is holding domestic black money hoarders in foreign bank accounts especially Swiss bank deposits and several tax havens under disguised operations accountable with no bars in the application of law against culprits.

National bankruptcy is attributed to erroneous economic policies and indefinite military engagements offshore,

Notwithstanding unlawful activities in tax avoidance striking the hard working demography – the lower and middle class burdened with bulk tax payments as active consumers and taxpayers without substantial privileges unlike the wealthiest corporations and individuals deriving maximum income on minimum tax liability.

The pending job legislation seeking $447 billion stimulus from the Super Committee $1.5 trillion savings with compromises on social security and Medicare is contentious for it would directly impact the core consumer percentage forced to withdraw or constrain retail expenditure on common household goods and services for expensive private health care within limited disposable income.

The ramifications would be severe on retail and small businesses in the slowing consumerism with main street struggling to make ends meets in the dire economy.

With respect to infrastructure jobs in the package – the stimulus bill $787 billion passed in February 2009 consisted allocation for infrastructure repair and restoration.

Perhaps review in this context would shed light on productivity and precise job delivery in the past two years from this particular source prompting access to any residual funds for remaining job oriented national projects.

Funds interjection into the economy requires monitoring and periodic evaluation to determine performance followed by remedial course n the absence of desirable outcome.

If the bill comprises new techniques different from the earlier stimulants with guaranteed job surge, it might be worth pursuing the targeted goals.

However, reallocating nearly one half trillion funds calls for due diligence forsaking repeat experiments and,

Instead shifting resource deployment across the economic spectrum facilitating progress in farming, manufacturing, small business and medium enterprise, education, preserving essential services and programs via technology based outlets but cutting back on excess administration and bureaucracy in public and private sectors,

Green energy & technology supply without government sponsorships from the executive or legislative branch to safeguard taxpayers dollars.

In terms of corporate role with surplus cash in improving job conditions,

The reservations appear to emanate from looming deficit and Washington handling of the economy contrary to political perception premised on additional tax bonuses to entice corporate America on the 98% population backs enduring economic pain.

Free market economy is endowed with financial and human capital.  The player in the wide-open competitive field wasting time and resources on underlying risks is unfortunate –

The myopic view failing to recognize macroeconomic benefits tied to job investments.

In a nutshell, corporations having been responsible for economic meltdown in the heavily deregulated environment with no transparency to deter reckless activities involving public funds and holdings arguably bear prime responsibility in the status quo reversal.

Again, the political leaderships’ complacency and complicity exacerbated downslide with widespread implications on jobs, housing market, skyrocketing deficit, currency disputes, trade imbalances – revealed in Q2 US GDP 2011 at 1.3%, credit downgrading and overall grim economic report.

US Small Business Optimism index falls to 13 month low.

US August import prices excluding Fuel rise 5.3% from last year.

US Census:  Median Household income in 2010 fell 2.3% to $49,445.

US Census: US Poverty rate rose to 15.1% from 2009 – the highest now since 1983.

US Posts $134.2 billion budget deficit for August 2011.

US YTD (Year-To-Date) budget gap compares with $1.26T in 2010.

United States is not deficient in ideas, innovation and ingenuity.

The diverse skills in the American work force combined with exemplary business acumen and corporate successes are testimonies to U.S. economy being instrumental in the global economic feat.

United States economic stability and sustenance is paramount for worldwide development.

U.S. currency as international monetary unit in conjunction with developed and developing economies dependability on U.S imports reinforces United States position – the global Super turbocharger.

Corporate and political leaderships in the respective domain pledging commitment to economy and the country could expedite economic recovery uplifting citizens’ living standards with secure jobs, affordable housing and health care, Green energy and last but not the least  –

Safe and clean habitat – the legacy for future generation.

United States has triumphed the trials and tribulations throughout history and unified efforts around this time is pertinent to resolve daunting issues on the economic, political, social and environmental fronts.

Peace to all!

Thank you.

Padmini Arhant



Extending Unemployment Benefits – House Bill Failed By Three Votes

June 29, 2010

By Padmini Arhant

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

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

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

Not clear on the remaining single nay vote.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Notwithstanding the eternal bliss –

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

Something that cannot be achieved by superficial sources in life.

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

Thank you.

Padmini Arhant

Citizens Plea to the Senators on Jobless benefits and Health Bill

June 28, 2010

By Padmini Arhant

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

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

It requires honesty. Honesty demands courage.

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

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

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

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

Your kindness is much appreciated.

Thank you.

Padmini Arhant

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

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

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



This is political nonsense at its best.










2. “out of benefits in Ohio:

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

To Padmini Arhant,

You are so full of it.

Congress is ignoring everyones plight.

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

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

Washington is spending $10.4 Billion/year on them.

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

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

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

Secret War Ramifications – U.S. Military Espionage and Directive for Global Operation

May 30, 2010

By Padmini Arhant

With reference to the preceding article May 30, 2010 titled U.S. Military Espionage – Directive for Global Operation:

It’s clear from the reports that the signed directive promoting espionage through troops deployment around the world would be an invasion of sovereign nations apart from undermining the intelligence agencies in the U.S. and the rest of the world.

The U.S. is officially engaged in Afghanistan, Iraq, Pakistan and Yemen that has claimed millions of lives with the Afghan war surpassing Iraq in the U.S. troop casualty reaching 1000 mark.

Notwithstanding death toll of service members reportedly as part of “Operation Enduring Freedom,” in the Philippines, the Horn of Africa and the U.S. detention facility at Guantanamo Bay, Cuba.

Per AP report on May 29, 2010, titled U.S. records 1000th death in Afghan war by Robert H. Reid

“More have died in past 10 months than in first 5 years, the death toll for this month alone being 32 in 29 days with more expected in the aggressive campaign this summer.

In the past 10 months, at least 313 U.S. service members have been killed in the war – more than the 295 who died in the first five years of the conflict.

More than 430 of the U.S. dead were killed since January 2009.

The number of U.S. troops in Afghanistan has now surpassed the total in Iraq – roughly, 94,000 in Afghanistan compared with 92,000 in Iraq.

In 2008, the U.S. force in Afghanistan numbered about 30,000.”

Secret War Ramifications Continued – By Padmini Arhant

That being the grim reality, the elaborate scheme to accentuate the military role throughout the world in the mission against “war on terror,”

Despite the ongoing conflict spanning nine years in Afghanistan and eight years in Iraq including the escalation in Pakistan via drone attacks, missile strikes from Navy ships in Yemen producing immense loss of lives and economic liability is tragic if not outrageously ambitious.

Sadly, the universal dissent for the invasion and occupation in Iraq and the prolonged war in Afghanistan is ignored with a false presumption of winning the wars that has contributed to political instability, scores of deaths, alarming national deficits and anti-Americanism.

Now with a new strategy involving troops regardless of size on clandestine military activity would be provocative creating opportunities for militancy to continue their resistance by plotting against innocent civilians in the United States and their domicile.

Such offensive plan with utter disregard for the individual national security measures maintained and coordinated by the majority in global terrorism is likely to generate more adversaries than allies.

Again, the recent terror plots have been thwarted by the courageous unarmed civilians on flights and ground level as witnessed in the Christmas bomber or The Times Square conspiracy.

The terror suspects and offenders invariably use the invasion and occupation as the reason for their participation in the violent attacks when they try to win the local population support.

Peace and diplomacy to resolve disputes is no longer an option in the aggressive military action setting the world stage for a dangerous outcome in the nuclear era.

Unfortunately, the military command’s secret war across the globe appear to have little or no concern for the troops’ safety as shared by the military officials revealing the truth about the risks upon the brave service men and women being captured as spies and denied Geneva Convention protection,

Thus, allowing the rivals to justify their treatment of the captives similar to the detainees’ experience in Bagram Air base and the Guantanamo Bay, Cuba.

In addition, the crisis is worsened by the private contractors’ apparent sportive shooting incidents of civilians in Iraq, Afghanistan and Pakistan fomenting deep resentment against the hiring authorities for their failure to investigate these crimes.

Continuation of torture, prisoner abuse, denial of Habeas Corpus and federal trials as opposed to military tribunals are few of the many human rights violation attributed to the citizens’ protest in the nearly decade old battles.

The cyclical violence through suicide bombings and explosives used by the militants is counteracted with drones and improvised explosive devices by the military in the perpetual warfare, leaving the victims – the civilians, the troops and their families endure the indefinite combative environment.

Terrorism is being redefined by the frustrated population of the war zones and the potential targets as the one involving the insurgents and the other ‘state sponsored,’ displaying the sophisticated artillery in their possession, with neither willing to ceasefire.

Understanding the population plight due to the lack of freedom, political stability, economic prospects and social justice is not a priority for the warring factions.

If it were to be the case, the leadership in Afghanistan, Honduras, Haiti…would represent the electorates’ choice and not be the external political power nominees.

Usually, the U.S. legislative process is gruelling on pertinent issues viz. the economy, health care, energy and environment with the exception of overwhelming bipartisan support for war funding.

Poignantly, per the current report – the Senate passed the $58.8 billion war funding 67 – 28, a dozen Republicans, including GOP leader Mitch McConnell of Kentucky voted for the 30,000 troop increase in Afghanistan against the jobless benefits before Memorial Day, suggesting that the Senate will not hold any more votes until senators return from their holiday break June 7.

The legislators in favor of deficit reduction have approved the Afghanistan troop surge funding while declining their votes for the average Americans’ interest forcing the House Democratic leaders to drop the following provisions in response to the deficit concerns:

$24 billion for states to help cover Medicaid costs.

$6.8 billion to provide health insurance subsidies to the jobless under the COBRA program.

$22 billion to provide a 19 month reprieve from a scheduled 21 percent cut in Medicare payments to doctors.

Further it’s reported that “Spending cuts demanded by Democratic moderates unhappy about voting to increase the deficit will mean layoffs next year by state governments and no health insurance subsidies for people laid off after Memorial Day.”

Evidently, the spending cuts required for deficit contraction is directed at the population’s nerve center – jobs and health care over the insatiable appetite for redundant warfare resulting in the loss of precious lives sacrificed by the valiant troops and the vulnerable civilians.

The misplaced priority in the two conflicting options – lifesaver and fatalities is attention worthy.

Contemporary policy embracing war and aggression on all sides defies the conventional wisdom that violence begets violence leading the world to go blind in the revengeful act.

Non-violence means empowered with empathy for one another is far more powerful in attaining global peace and harmony.

On the Memorial Day weekend, our nation salutes the fallen heroes for their patriotism and commemorates those serving at present as well as the members in the past.

Fresh beginning awaits humanity celebrating life through peace.

Thank you.

Padmini Arhant

Reflection on the World Economic Forum – Davos, Switzerland

February 19, 2010

By Padmini Arhant

The World Economic Forum on January 27 – 31, 2010, at Davos, Switzerland contemplated the global economic crises.

Speakers from the large consortium expressed their thoughts and hope or the lack thereof about the global economic prospects at the annual meeting.

Summarizing the summit issues:

The general focus has been:

The economic recession.

The financial crisis and the need for financial reform.

U.S economy, the dollar, the deficits and the gridlock in Washington due to Special Interests’ control of Congress.

Skepticism on the EURO currency strength and concerns regarding European market from the economic struggles in Greece, Spain, Iceland, Ireland, Portugal, Latvia to name a few further exacerbated by the majority euro members surpassing the 3percent budget deficit cap, a criteria for the euro currency usage.

ECB (European Central Bank) role in easing the liquidity crisis.

UK urging banks to assume responsibility – i.e. resume credit to the frail economy.

National Debt from bailouts – A common symptom shared by the major global economies.

Emerging Markets’ potential in stimulating economic growth through international mergers and acquisitions.

Corporate leadership in risk undertaking, growth sustainability and resisting or embracing reform.

Technological impact on business and adapting social networking concept to promote global agenda.

Google – China controversy on hackers and censorship.

Green Technology and consensus on the climate change policy.

Humanitarian issues related to natural resources such as water scarcity, inadequate food supply in fighting hunger, poverty and disease worldwide.

Economic Synopsis – By Padmini Arhant

Global economic recession – The general agreement is:

The massive capital interjection with public money in the private sector particularly the finance and the auto industry in the United States was essential in the year 2008 and 2009 to avert a major catastrophe – a full blown depression.

Following that, the bailed out bankers have supporters and cynicists to defend or vilify the mega rewards via executive bonuses amid severe financial meltdown mostly attributed to the current economic crisis.

Another contentious issue related to the financial sector is:

Should governments continue to bailout banks under the banner?

“Too Big to Fail.”

Regardless, it’s clear from the recent experience that a serious financial reform is no longer an option but a necessity to counteract risk undertaking in the financial market.

Moreover, the finance industry being the vehicle for the economic growth, it cannot resist regulations due to the uninsured public funds management by the private sector.

Evidently, the real estate slump exacerbated the liquidity crisis in the global economies viz. Iceland (nicknamed as the “subprime economy”) Ireland, Spain and not sparing the once booming commercial real estate capital – Dubai, UAE,

Leaving the United States not unique in the burgeoning residential and commercial real estate decline.

In terms of stimulating the economic growth, industrialized nations and the emerging markets face a common dilemma – stimulus packages, bailouts and the rising national debt.

Government stimulus programs target specific industries in the domestic economy with the green technology touted as the promising field.

Unequivocally, the green technology should be promoted by all nations big and small besides infrastructure projects and reviving the manufacturing industry.

However, the stimulus activity is bound to create national debt from the budget deficit because of sluggish GDP and the negative current account balance for import-oriented economies like the United States.

U.S Economy:

Although, the multi-trillion dollar deficit has not drastically affected the U.S credit rating as the investor confidence in the U.S market is not lost,

The status quo cannot prolong with the persisting Republican members’ opposition against tax hikes to protect self-interest and special interest.

Notwithstanding their blockade in the financial, health care and energy sector reform.

Therefore, the American electorate must be careful prior to swinging their support to the Republican members in Congress.

The ideologues were responsible for bringing America on its knees under the disastrous Bush-Cheney administration.

Now, the same republican members are determined to stay on the course to debilitate the U.S economy with an utter disregard for the ‘average’ Americans.

While comparing the economies in the stimulus funding, it’s clear that the nations investing in the domestic economy like China, Japan, India, Brazil… have survived the worst crisis through quasi participation.

Private sector project with public capital infusion is seemingly a viable economic strategy to reduce unemployment and curb public outcry over increasing national debt.

It’s attention worthy that President Barack Obama has similarly approached the economic woes with the SBA loans to boost small businesses, tax credits to the corporations and the green sector only to be browbeaten by the “fiscal conservatives” in name only on both sides of the aisle.

Again, something to remember about the so-called “fiscal conservatives” successful derailment of economic progress.

So far, the opposition policy in every national issue is “Penny wise and Pound foolish.”

Not to mention their conduct exemplified in the tarnished U.S image at WEF with,

Communist China scorn democracy by citing the Special Interests’ dominance in American politics.

The statement is not far-fetched except for scapegoating democracy against totalitarianism.

United States should adopt big and bold economic actions to contain the high unemployment and that would be:

Job creation in the infrastructure projects, innovate the manufacturing sector with technology alongside revolutionizing industrial growth on eco-friendly foundation.

Energizing the small businesses and retail industry is equally important to enhance the per capita income, an appropriate inclusion in the economic progress measurement rather than reliance on GDP growth alone.

United States is rich in resources in every aspect with an advantage of being the pioneer across the economic spectrum.

The rumor about United States weak economic status and attempts to denigrate the U.S dollar as the international currency is nothing but smear tactics by the competitors vying for the leading role in the world economy.

What the investors should bear in mind is the U.S economy’s resilience to rebound in the face of worst economic and political crisis and history is testimony to that effect.

In addition, the democratic system is a positive factor in attracting investments within and offshore.

European Economy:

The EU and the ECB (European Central Bank) proposals are pragmatic in many ways.

ECB intervention to pull the European financial markets from the liquidity crisis would facilitate the anticipated credit flow in the union.

Economic setbacks in Greece, Spain, Portugal, Ireland, Latvia and last but certainly not the least Iceland are significant and cannot be abandoned for it might reach a crescendo irrespective of the trade volume.

Accordingly, the conditional offer from Germany and France to bailout Greece is vital to protect the EU economic interest with Greece being the union member.

The leadership in the Mediterranean nation under the Greek Prime Minister George Papandreou is capable of salvaging the dire economic situation.

When the reckless banking sector was bailed out for speculative trading, otherwise gambling of public investments,

The Greek economy with labor capital, entrepreneurial exuberance and political stability deserves EU / IMF /World Bank assistance to survive the economic turmoil.

It would be detrimental to hinder the borrowing opportunity for Greece and other ailing economies predominantly due to the regional impact.

At the same time, Greece and Iceland should be transparent with facts and display fiscal responsibility to the international monetary oversight for creditworthiness.

United Kingdom is right on target in demanding the financial sector to resume credit to the frail economy.

U.K has been forceful in urging the much-required global financial regulations even though not surprisingly, the conservative political faction is against it.

France – Recommendation on the long overdue closing of corporate tax havens is a step in the right direction.

In fact, the rule of thumb for the global economies dealing with budget deficits is to:

Eliminate redundant expenditure

Differ or limit discretionary spending

Scale back unaffordable commitments like wars, conventional stockpiles and nuclear proliferation not barring extravagant agenda like moon travel more for prominence than purpose.

Revision of tariffs and taxation laws to expand the revenue horizon.

It’s imperative to consider tax increases and close tax evasion loopholes through tax havens.

Spending freeze with tax cuts and synonymously tax increases with skyrocketing expenditure would be oxymoron at any given time.

Emerging Markets viz. BRIC countries (Brazil, Russia, India and China):

The salient feature in the group is their ability to focus and invest entirely on the domestic economy.

Unlike the United States and NATO, none of the four nations is currently engaged in active warfare though; cross border tension is permanent with contingent defense forces on the periphery.

Still, the four nations ‘combined defense spending falls short of the exponentially escalating U.S military expenditure appropriated for –

Two overt wars in Iraq and Afghanistan,

A proxy war in Yemen with drones and fighter planes provided to the Yemeni forces,

Over and above the U.S military base situated nationally and overseas.

Poignantly China more than Russia is engaged in the lucrative arms race to Iran, Syria, Lebanon, Pakistan, North Korea, war torn Africa – Darfur in Sudan, Congo, Somalia, Guinea, Rwanda…

Yet, not competitive enough to the United States in this respect and confirmed by:

The New York Times article By THOM SHANKER – Thank you.

Published: September 6, 2009

Despite Slump, U.S. Role as Top Arms Supplier Grows

“Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study.”

Economic Synopsis – By Padmini Arhant

BRIC countries impressive performance is expected to continue with the investor confidence higher in these regions than Europe.

Their view on the U.S domestic job creation as isolationism or protectionism do not bode well since the BRIC nations have adapted the domestic investment policy to expedite economic revival.

The irony is the characterization of the United States and Europe adhering to similar strategies as ‘protectionism.’

It’s noteworthy that Brazil, India and China have benefited from globalization with transnational ventures in their shores.

Such anomalies beckon paradigm shift in the globalization concept among the emerging markets.

Some U.S corporations as the global operators echo the sentiments much to the displaced domestic workforce anguish and disappointment.

They remain oblivious to the facts that the United States being the largest consumer base and a major importer is struggling to contain high unemployment, fragile housing market and credit crunch in the financial sector.

U.S economic recovery is paramount for the global economic stability.

Optimize Technological Applications:

World society is more digitalized than before and technology embedded industry maximize efficient output. Incorporating technology in every imaginable field is the cornerstone for the present and future generation.

Green Technology and Climate Change Policy:

Industrialized countries along with developing nations are grappling to arrive at a consensus on climate change policy.

Fortunately there is tremendous enthusiasm towards green technology and the economic powers are reluctant to make the swift transition by renouncing fossil fuel and nuclear power to natural sources like solar, wind and hydrothermal energy.

The main problem lies with the profit guiding politics by the energy behemoths obstructing the fossil fuel and nuclear technology abandonment against all natural elements for energy production.

Life survival and sustenance on the planet is dependent upon clean air, water and food chain maintenance, not achievable without an aggressive climate change policy.

Hybrid policy targeting carbon emissions through carbon tax and cap & trade is the viable solution from the economic and political standpoint, other than possibly winning bipartisanship in the climate bill legislation in the United States.

Humanitarian Issues:

Water scarcity and inadequate food supply is the global challenge confronting humanity.

Emerging markets favoring globalization have a primary responsibility in addressing the plight of the vast majority in their domain rather than exclusively focused on GDP growth.

The population in Africa, Latin America, Asia and the Middle East cannot be ignored by the affluent nations and their $100 billion commitment in economic aid during the G20 meeting reflects meagerness and not eagerness to alleviate suffering on the planet.

Poverty being the reality, the global community can provide to the needy by reining in on personal greed.

Communal development against concentrated growth guarantees a bright future for humanity.

Global progress and prosperity begins with economic equality, social justice and political freedom.

Thank you.

Padmini Arhant

President Obama’s $3.83 trillion Fiscal Budget

February 3, 2010

By Padmini Arhant

President Barack Obama unveiled his 10-year macro budget with various economic commitments.

2011 Fiscal Budget is projected with the total revenue $2.56 trillion and total spending @ $3.83 trillion leaving a deficit @$1.27trillion.

According to the impressive layout from the article:

Budget outlook: Budget deficits Published By Jackie Calmes – New York Times and,

Presented by San Jose Mercury News – February 2, 2010 – Thank you.

Targeted Revenues – $2.56 trillion

Individual Income Taxes – $1.12 trillion predominantly derived by ending the extravagant tax cuts allowed to wealthy individuals during the prior administration rule for e.g. the couples making over $250,000 and individuals earning above $200,000.

Corporate Income Taxes – Tax increase on wealthy corporations – Expected income – $270Billion

Social Security and Payroll taxes – $935 billion

Excise taxes – $74 billion

Custom duties – $27 billion

Estate and gift taxes – $25 billion

Other $87 billion
Budget Spending – $3.83 trillion

Mandatory Spending:

Interest on debt $251 billion

Other – $ 648 billion

Medicaid – $297 billion

Medicare – $491 billion

Social Security – $730 billion

Discretionary Spending:

Defense – $895 billion

Other – $520 billion

Views and Analysis: By Padmini Arhant

The budget’s focus on two most important factors unemployment and the lack luster consumer spending, responsible for slow economic recovery – is a major step in reviving the sluggish economy.

Unemployment addressed by providing $100 billion to boost the small businesses, medium corporations, middle class, social safety net programs, aid to state and local governments and expanding federal student loan program to enable the Pell grants for easy eligibility would remarkably tackle the national double-digit jobless figures.

Since President Obama pledged to reverse the trend by converting the U.S. market, presently a supersize importer to a profit-oriented exporter, the details on the manufacturing sector are missing.

Manufacturing being deeply hurt in the economy with jobs shipped to China, the blue-collar workers in this area require massive attention as the others in the construction industry. Unless there is a provision already made in the $100 billion fund.

The budget provides further economic stimulus through tax credits to average income families –
$400 for individuals and $800 on combined income including tax cuts for workers and other businesses through 2011 – An enormous supplement towards consumer spending and job creation.

Tax cuts to big businesses should be conditional upon preservation and creation of jobs in the national economy.

Federal aid to state and local governments should contribute to the national GDP considering the severe state budget crisis that has directly affected the public services such as education, health and environment suffering serious job losses from the state spending cuts.

Soaring annual deficit expected to be $1.6 trillion for 2010 due to burgeoning economic crisis dropping to $1.3 trillion in 2011 and, then onwards remaining high based on the rising health care costs and retirement programs for the baby-boom population.

The President’s effort in this regard should mitigate the deficit largely through proposed strategies
and they are –

Slashing funding for numerous redundant programs and freezing discretionary spending for three years.

Raising fees, taxes on banks and the wealthy.

According to the reports, the President approach towards a comprehensive deficit-reduction plan is to set up a bi-partisan commission represented by the lawmakers from both political parties and budget experts. Their task is to involve a package consisting tax increases and spending cuts to slash deficits as well as stabilize government borrowing by 2015.

Although, the Republican lawmakers had initially agreed to the measure, they later defeated the President’s bi-partisan commission plan and retracted from their position confirming the Republican members’ traditional partisanship towards the democrat President.

Despite the setback, the President’s decision to move forward in this regard is wise and the American electorate must remember the Republican members’ refusal to cooperate for the national interest, i.e. alleviating the national debt burden on their children, in the 2010 elections.

Criticisms against the President’s position on Medicare and Medicaid as the entitlement programs and tax revenues not adjusted against the annual deficit reduction by paying down an accumulated debt do not serve the economic viability, but only offer sound bites in the political discussion.

Again, deficit reduction is paramount and it should not happen at the cost of the vulnerable population – the senior citizens and the poorer families who are otherwise the consumer taxpayers.

In terms of paying down the national debt, it could be adjusted from the inevitable economic growth through vast investment in job creation and consumer spending.

Bi-partisan consensus on the economic revival as the immediate priority is oxymoron, if the administration is not allowed to expedite the process through aggressive policies combined with direct interjection of funds into the revenue sectors.

War spending in the amount of additional $33 billion and a total budget $160 billion for the two simultaneous wars in Iraq and Afghanistan is an area that could be drastically modified with a concrete exit strategy from both territories in the near future.

Iraq troop withdrawal this summer has been committed by the President and the savings from it could be utilized in paying back the national debt as it would result in the return savings via interest payment contraction on the borrowings.

Passing the health care legislation with a government insurance program should unequivocally cut the health care costs and decrease the deficit because of the widely acknowledged health care expenditure draining the present economy. Even more reason to introduce the public option in the legislation to minimize the projected escalation in health care spending cited above.

Other areas aimed at reducing national deficit are the cutting and eliminating minor domestic programs and major military equipments.

Raising taxes on big banks and oil companies is an effective means to earn income and a long overdue transformation from the Bush-Cheney era.

The White House being optimistic in cutting the inherited deficit in half by 2013to slightly over 4 percent of the GDP juxtaposed to the projected $1.3 trillion deficit exceeding 9 percent of the GDP at the dawn of Obama Presidency highlights the stark contrast in economic policies between the two administrations.

Overhauling finance and energy sector in addition to the health industry would yield the desirable outcome in the national debt decline.

Allocating necessary funds towards education, science and research, food and drug safety, NASA space programs innovation and climate change legislation reflect short and long-term aspirations.

Concerns over sustainable deficits in the long run are justified. At the same time, the confidence in the guaranteed economic boom is disappointingly low especially after successful intervention to avert the financial collapse in the year 2009 that stabilized the stock market up until now, apart from dealing with other economic woes.

“Limited long-term solutions in the budget expressed by the skeptics” – They fail to view the entire picture in detail that ensures the economic security throughout the decade and beyond primarily owing to the robust fiscal policy adopted in the budget.

In fact, it’s possible to balance the 2011 budget with a shortfall exacted at $1.27 trillion.

Defense spending $895 billion is blown out of proportions and require trimming.

Discretionary ‘other’ spending $520 billion upon careful review could lead to huge savings.

The combined total for these two expenses are $1.4 trillion that could be easily restrained to below trillion dollars for the prolonged deficit sustainability.

On the revenue side – Corporate Income Taxes estimated @$270 billion is relatively low for the world’s leading industrialized nation with U.S corporations playing a prominent role as the multinationals offshore. Therefore, the Obama administration could close loopholes in the tax evasion through tax haven and extract more income to reduce the deficit.

Foreign Corporations in the United States should be evaluated for their operation in promoting local employment against enhancing economic prospects to their country of origin.

Likewise, in excise taxes and custom duties – the tariff and import duty revision on overseas items could produce additional revenue.

Similarly, updating the estate and gift taxes including the ‘other,’ is an opportunity to extract more income.

President Barack Obama and the administration have prepared the budget diligently. It deserves praise and credit for the broader vision. The economic recommendations are solid while remaining essential.

However, a daunting task is the legislation on national issues such as health care, finance and energy crucial to contain the agonizing deficit. The grueling legislative process is dominant in opposition and weak in positive action.

Therefore, the opposition from both sides of the aisle must work together with the majority in resolving the economic crisis to benefit the people across the political spectrum.

People should coalesce nationally in this respect and help President Obama and Congress in seeking legislation approval on the listed national issues from across the political aisle, particularly free of filibuster threats.

Perhaps, bust the filibuster movement is imminent.

The legislations are urgently needed for instant economic relief.

Finally, the fiscal budget has –

Remedy for the past problems, Solutions to the present challenges and Investment in future goals.

Thank you.

Padmini Arhant

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