Urgent Medicaid Support Required for People with Disabilities

June 25, 2010

By Padmini Arhant

The organization dedicated to helping children with disabilities made the following plea and requested the U.S. Senators from both sides of the aisle to consider reviving the bill and approve the federal Medicaid funding to the states.

One cannot ignore the urgency on this important measure.

Hopefully the GOP Senators would heed to the call for assistance from the most vulnerable members in the society, the children and pass the legislation on humanitarian grounds, if not as a constitutional responsibility.

Thank you.

Padmini Arhant

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Fri, June 25, 2010 12:34:38 PM
URGENT: Tell your Senators to do the right thing

From: “Katy Beh Neas, Easter Seals”

Easter Seals: Creating life-changing solutions so that people with disabilities can live, learn work and play.

Dear Padmini,

Vital health care services for people with disabilities are at stake.

Urge your Senators to do the right thing for people with disabilities by passing the Medicaid funding extension.

Last night, the Senate was just three votes short of passing critical Medicaid support for people with disabilities.

If the Senate does not approve additional federal Medicaid funding to the states, they will be forced to cut benefits and services for people with disabilities and chronic illnesses.

We came so close last night. Every message from Easter Seals supporters like you will make a difference when the Senate takes this up again in the next few days.

Act now! Urge your Senators to protect people with disabilities by voting to extend this enhanced federal Medicaid funding!

Medicaid is a lifeline for children and adults with disabilities. Because of the health care they get through the program, they are able to be successful in school, keep a job and live independent lives.

Thanks to Medicaid, a child with autism can get the speech therapy he needs, a teenager with spina bifida can get the wheelchair she needs to use to get around school, and an older person living with a chronic illness can see his doctor.

Medicaid exists to help people who can’t otherwise afford it, pay for critical services like these.

But state budgets have been squeezed by this recession. With less and less tax revenue coming in, they’re facing the prospect of devastating cutbacks.

They need help filling the gaps and keeping important programs afloat.

They’re counting on support from Washington.

The federal government has always shared the financial responsibility for Medicaid.

With so many people in need and the states so strapped for cash, this is the moment for the Senate to step up with additional funding.

When enough of their constituents weigh in, elected officials listen.

That’s why we can’t let Senators cast their vote again without hearing our voices.

But it has to happen fast.

Write your Senators and let your opinion be heard before it’s too late.

I really appreciate your help on this critically important issue.

Dedicated Easter Seals supporters like you are the difference between winning and losing these legislative battles.

Thanks again,

Sincerely,
Katy Beh Neas
Vice President, Government Affairs

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

SEC Lawsuit against Goldman Sachs

April 18, 2010

By Padmini Arhant

The Securities and Exchange Commission filed lawsuit against Goldman Sachs on the toxic derivatives camouflaged with the internationally renowned investment firm, authenticating the risky mortgage securities sold to trusting investors in the domestic and global financial market.

Goldman Sachs is engaged in Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.

Needless to state that sub-prime mortgage is synonymous to the ‘speed boat’ designed for a fatal crash due to the deliberate sabotage. Sure enough, it had a negative impact on the financial and housing market that contributed to a precipitous economic decline worldwide.

The savvy designers protected their own investment with ‘insurance’ on the ‘abyss’ through yet another global conglomerate ‘AIG,’ technically partners in the ingenious profit oriented craft.

Why?

Because, the insurance companies grill the ‘regular folks’ when applying for any insurance to minimize risk exposure.

Even the trivial finding in the applicant’s background is used as the grounds for rejection or the cause for high premium – e.g. the health insurance industry.

It’s noteworthy that both Goldman Sachs and AIG were swiftly bailed out with taxpayers’ funds on the “Too Big to fail,” concept.

As a result, the fire starters were salvaged by the taxpayers.

The fire sale was organized for the Treasury to buy the damaged goods at the taxpayers’ expense from the banks on the brink of collapse.

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Goldman Sachs reportedly,

Wikipedia.org – Thank you.

“Goldman also received $10 billion preferred stock investment from the U.S. Treasury in October 2008, as part of the Troubled Asset Relief Program (TARP).

In June 2009, Goldman Sachs repaid the U.S. Treasury’s TARP investment, with 23% interest (in the form of $318 million in preferred dividend payments and $1.418 billion in warrant redemptions).

New York Attorney General Andrew Cuomo questioned Goldman’s decision to pay 1556 employees bonuses of at least $1 million after it received TARP funds in 2008.

In December 2009, Goldman announced their top 30 executives will be paid year-end bonuses in restricted stock, with clawback provisions, that must go unsold for five years.”

It’s essential to emphasize that Goldman Sachs is not new to controversy.

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Source: Wikipedia.org – Thank you.

Controversies

In 1986, David Brown was convicted of passing inside information to Ivan Boesky on a takeover deal.
Robert Freeman, who was a senior Partner, who was the Head of Risk Arbitrage, and,

Who was a protégé of Robert Rubin, was also convicted of insider trading, for his own account and for the firm’s account.

On November 11, 2008, the Los Angeles Times reported that Goldman Sachs, which earned $25M from underwriting California bonds, had advised other clients to “short” those bonds.

Shorting is essentially betting that the state will default on the bonds, which serves to drive up the cost of the issue to the state.

During 2008 Goldman Sachs came under criticism for an apparent revolving-door relationship in which its employees and consultants have moved in and out of high level US Government positions, where there may exist the potential for a conflict of interest.

Former Treasury Secretary Hank Paulson was a former CEO of Goldman Sachs.

Additional controversy attended the selection of former Goldman Sachs lobbyist Mark Patterson as chief of staff to Treasury Secretary Geithner, despite President Barack Obama’s campaign promise that he would limit the influence of lobbyists in his administration.

During 2010, Goldman Sachs has been accused for its involvement in the 2010 European sovereign debt crisis.

Goldman Sachs between the years 1998-2009 has been reported to systematically helped the Greek government to mask its national true debt facts.

In September 2009 though, Goldman Sachs among others, created a special Credit Default Swap (CDS) index for the cover of high risk national debt of Greece.[66] This led the interest-rates of Greek national bonds to a very high level, leading the Greek economy very close to bankruptcy in March 2010.”
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Actions in the 2007–2008 subprime mortgage crisis:

Despite the 2007 subprime mortgage crisis, Goldman was able to profit from the collapse in subprime mortgage bonds in the summer of 2007 by selling subprime mortgage-backed securities short.

Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with bearing responsibility for the firm’s large profits during America’s sub-prime mortgage crisis.

The pair, who are part of Goldman’s structured products group in New York, made a profit of $4 billion by “betting” on a collapse in the sub-prime market, and shorting mortgage-related securities.

By summer of 2007, they persuaded colleagues to see their point of view and talked around skeptical risk management executives.

The firm initially avoided large subprime writedowns, and achieved a net profit due to significant losses on non-prime securitized loans being offset by gains on short mortgage positions.

Its sizable profits made during the initial subprime mortgage crisis led the New York Times to proclaim that Goldman Sachs is without peer in the world of finances.

The firm’s viability was later called into question as the crisis intensified in September 2008.

Allan Sloane of Forbes, a financial writer of reputation, wrote a referenced article on 15 October 2007, at the time the crisis had begun to unravel.

It appeared on CNN’s website: “So let’s reduce this macro story to human scale.

Meet GSAMP Trust 2006-S3, a $494 million drop in the junk-mortgage bucket, part of the more than half-a-trillion dollars of mortgage-backed securities issued last year.

We found this issue by asking mortgage mavens to pick the worst deal they knew of that had been floated by a top-tier firm – and this one’s pretty bad.

“It was sold by Goldman Sachs (Charts, Fortune 500) – GSAMP originally stood for Goldman Sachs Alternative Mortgage Products but now has become a name itself, like AT&T and 3M.

“This issue, which is backed by ultra-risky second-mortgage loans, contains all the elements that facilitated the housing bubble and bust.

It’s got speculators searching for quick gains in hot housing markets;

It’s got loans that seem to have been made with little or no serious analysis by lenders; and finally,

It’s got Wall Street, which churned out mortgage “product” because buyers wanted it.

As they say on the Street, ‘When the ducks quack, feed them.'”

Weeks of chaos that sent Lehman Brothers into bankruptcy and led to the rushed sale of Merrill Lynch & Co. to Bank of America Corp.

According to a 2009 Brand Asset Valuator survey taken of 17,000 people nationwide, the firm’s reputation suffered in 2008 and 2009, and rival Morgan Stanley was respected more than Goldman Sachs, a reversal of the sentiment in 2006.

Goldman refused to comment on the findings.
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2. According to http://www.wsws.org/articles/2008/sep2008/paul-s23.shtml – Thank you.

Published by the International Committee of the Fourth International (ICFI)

Who is Henry Paulson?

By Tom Eley, 23 September 2008

Henry Paulson rose through the ranks of Goldman Sachs, becoming a partner in 1982, co-head of investment banking in 1990, chief operating officer in 1994.

In 1998, he forced out his co-chairman Jon Corzine “in what amounted to a coup,” according to New York Times economics correspondent Floyd Norris, and took over the post of CEO.

Goldman Sachs is perhaps the single best-connected Wall Street firm.

Its executives routinely go in and out of top government posts.

Corzine went on to become US senator from New Jersey and is now the state’s governor.

Corzine’s predecessor, Stephen Friedman, served in the Bush administration as assistant to the president for economic policy and as chairman of the National Economic Council (NEC).

Friedman’s predecessor as Goldman Sachs CEO, Robert Rubin, served as chairman of the NEC and later treasury secretary under Bill Clinton.

Agence France Press, in a 2006 article on Paulson’s appointment,

“Has Goldman Sachs Taken Over the Bush Administration?” noted that, in addition to Paulson,

“[t]he president’s chief of staff, Josh Bolten, and the chairman of the Commodity Futures Trading Commission, Jeffery Reuben, are Goldman alumni.”

Prior to being selected as treasury secretary, Paulson was a major individual campaign contributor to Republican candidates, giving over $336,000 of his own money between 1998 and 2006.

Since taking office, Paulson has overseen the destruction of three of Goldman Sachs’ rivals.

In March, Paulson helped arrange the fire sale of Bear Stearns to JPMorgan Chase.

Then, a little more than a week ago, he allowed Lehman Brothers to collapse,

While simultaneously organizing the absorption of Merrill Lynch by Bank of America.

This left only Goldman Sachs and Morgan Stanley as major investment banks,

Both of which were converted on Sunday into bank holding companies, a move that effectively ended the existence of the investment bank as a distinct economic form.

Paulson bears a considerable amount of personal responsibility for the crisis.

Paulson, according to a celebratory 2006 Business Week article entitled –

“Mr. Risk Goes to Washington,” was “one of the key architects of a more daring Wall Street, where securities firms are taking greater and greater chances in their pursuit of profits.”

Under Paulson’s watch, that meant “taking on more debt: $100 billion in long-term debt in 2005, compared with about $20 billion in 1999.

It means placing big bets on all sorts of exotic derivatives and other securities.”

According to the International Herald Tribune,

Paulson “was one of the first Wall Street leaders to recognize how drastically investment banks could enhance their profitability by betting with their own capital instead of acting as mere intermediaries.”

Paulson “stubbornly assert[ed] Goldman’s right to invest in, advise on and finance deals, regardless of potential conflicts.”

Paulson then handsomely benefited from the speculative boom.

This wealth was based on financial manipulation and did nothing to create real value in the economy.
On the contrary, the extraordinary enrichment of individuals like Paulson was the corollary to:

The dismantling of the real economy,

The bankrupting of the government and,

The impoverishment of masses the world over.

Paulson was compensated to the tune of $30 million in 2004 and took home $37 million in 2005.

In his career at Goldman Sachs he built up a personal net worth of over $700 million, according to estimates.
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3. By Jackie Calmes – Published: Monday, November 24, 2008 – Thank you.

Obama’s economic team shows influence of Robert Rubin – with a difference

WASHINGTON — It is testament to the star power of former Treasury Secretary Robert Rubin among many Democrats that as Barack Obama fills out his economic team, a virtual Rubin constellation is taking shape.

The president-elect used the announcement Monday that he was appointing two Rubin protégés,

Timothy Geithner as Treasury secretary and Lawrence Summers as senior White House economic adviser,

To underscore his determination to step aggressively into a economic leadership vacuum in Washington while also maintaining continuity with the Bush administration before the transition of power Jan. 20.

Obama is expected to soon announce the appointment of another Rubin protégé, Peter Orszag, as White House budget director.

And even the headhunters for Obama have Rubin ties: Michael Froman, who was Rubin’s chief of staff in the Treasury Department and followed him to Citigroup, and James Rubin, Robert Rubin’s son.

Geithner, Summers and Orszag have all been followers of the economic formula that came to be called Rubinomics: balanced budgets, free trade and financial deregulation.

The combination was credited with fueling the prosperity of the 1990s.

But times have changed since then.

On Wall Street, Rubin is facing questions about his role as director of Citigroup, given the bank’s current troubles, and during the weekend held several discussions with Treasury Secretary Henry Paulson as a government rescue of Citigroup was organized.”

“What worries me is there is not one person in the senior group who is the outsider to this club.

And that’s particularly ironic, given Barack Obama’s bias toward copying Lincoln’s ‘team of rivals,”‘ said Robert Kuttner, a colleague of Bernstein’s at the liberal Economic Policy Institute who has written a book, “Obama’s Challenge,” on free-spending, pro-regulatory approaches to the economic crisis.

“Where is the diversity of opinion in this economic team?” he said.
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Thank you.

Padmini Arhant

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

Response to Presidential Communiqué – View on Health Care

March 19, 2010

From: Padmini Arhant

Hon. President Barack Obama

Dear Mr. President,

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Truth and Justice cannot remain suppressed forever.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Thank you again.

Sincerely,

Padmini Arhant

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

Presidential Communiqué

March 19, 2010

President's Letter

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

Demystifying the Myth

March 11, 2010

By Padmini Arhant

My fellow citizens of the world,

I wish to clarify the misunderstandings in the communication with respect to the power in Washington.

The new developments are not to create any confusion or pose a threat to anyone’s position whether personal or professional.

President Barack Obama is the President of the United States and the Congress members as the elected representatives would perform the legislative tasks per the constitution.

I request the responsible members in Congress or the media not to arrive at any hasty conclusion and spin the information against our President Barack Obama or the Democratic Party leadership and the members.

This message is being released in coherence with the new beginning set forth for humanity.

Regarding my identity and the precise reason for the engagement in the physical world,

I assure you that none will be kept in the dark and there is no conspiracy of any kind.

In fact, it’s the long well known prophecy eventuating to confirm the cosmic convergence in the universe.

My involvement is for a specific purpose in accordance with the cosmic evolutionary process concerning time and space.

I’ll provide an explanation with a formal introduction including the characteristics of the events since my acquaintance with all of you going back to the Presidential campaign in 2008.

I will also share my life journey for better perception.

Your patience is much appreciated.

‘Save the Planet’ and ‘Peace on Earth’ is not merely a concept but an inevitable reality.

Signing off with love and peace to every being on this planet.

Thank you.

Padmini Arhant

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

The Mighty Deception – Focus on Politics and Economy

January 9, 2010

By Padmini Arhant

January 19, 2010 marks the first anniversary for the Presidency of Barack Obama. The columnist from the leading national news organization chided the right and the left political factions in the article, the excerpts listed below.

“In a world of ideological sniping, Obama can’t win.”

By Richard Cohen, Washington Post, January 5, 2010

“Last month, no American soldiers were killed in Iraq. Last month, the unemployment rate dipped a bit, the stock market ended the year up, the financial system did not crater, Detroit’s Big Three began to get a pulse – and yet a consensus started to form that Barack Obama, who is either responsible for or merely presided over all this good stuff, is a failure.

On the left, the president is being pummeled for health care legislation that does not include a public option and has not dispatched insurance executives to Guantanamo. On the right, he is being pummeled for socializing the economy, establishing death panels and allowing maniacal Nigerians to load their Calvins with boom-boom and fly into peaceful Detroit. It’s a cartoon.

Any way you measure the polls, Obama did not have a good year.

In foreign policy, Obama has sorely disappointed his fans on the left for escalating the war in Afghanistan and on the right for not escalating it enough…

He has not brought peace to the Middle East.

Obama could be a great president. He has already achieved much – possibly saving the country from financial ruin, salvaging the auto industry, getting some sort of health care reform. Possibly, possibly.

Yet, his numbers sink as his achievements rise. He is the Johnny Appleseed of cognitive dissonance, so utterly detached that when he wins it seems to be only for himself. Pollsters measure him but poets have described him.

William Butler Yeats got it down years ago: “The best lack all conviction, while the worst are full of passionate intensity.”

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Perspective: By Padmini Arhant

The author’s hyperbolic characterization of the left position particularly with the dispatching of the insurance executives to Guantanamo and the article concluding with the quotation ‘the worst are full of passionate intensity,’ suggests the print media eternal love fest with any incumbent administration.

As such, democracy is under siege with the legislations merely passed and mostly stalled at the Corporations’ will, aided by their representatives’ inaction in the Senate and the House. It’s further exacerbated with the established print and mainstream media presenting the figures but not the facts thereby joining the elitists against the populists.

Therefore, it’s essential to place things in perspective for a fair analysis.

Iraq war without casualties in the past month is great news. However, the reason behind that is adopting the “left position” to scale down the troop level and make a firm commitment for troop withdrawal, a diametrically opposite decision by the administration on Afghanistan. Despite the reality, the pledge towards peace and non-violence is characterized as “ideological sniping” rather than pragmatic stance.

The dip in the unemployment rate and the rise in stock market are welcome. Nevertheless, the national unemployment and the states’ joblessness is still in double digit with the middle class dropping to the poorer category and the poor driven to being food stamps dependents.

Stock market performance is directly related to the real and projected industry earnings. Since, the health care reform unarguably in favor of the health care industry in the absence of robust competition such as the government insurance program, the health industry stocks skyrocketed at the confirmation of the public option eliminated from the debate.

In other areas, the defense stocks always thrive rain or shine with the U.S perpetual engagement in warfare. The exception to the genuine growth is the technology sector boosting the figures and again with the drastic employment cuts to survive global competition.

It’s indeed a relief that the financial sector did not crater with the infusion of trillion dollars that has surely benefited the Wall Street more than the main street still being defrauded with no aggressive financial regulations in sight including the oversight demanding accountability on the massive taxpayer bailouts.

Detroit’s big three began to get a pulse – yet the State of Michigan ranks the highest in unemployment rate with an average 15.8 percent described as the worst annual rate in “at least 40 years,” and disproportionately greater among the African American as well as other minority groups.

It’s true that the Obama presidency salvaged the financial and auto industry from ruin and currently involved in the health care reform. Although, the salvation of these sectors were carried out to protect jobs, stimulate the economy by unleashing the liquidity in the financial market while reining in on the foreclosures through affordable lending programs, the progress has been either too slow or in many instances absolutely non-existent due to the bailout beneficiaries’ usual business tactics.

Meanwhile, the financial institution such as Fannie Mae and Freddie Mac executives are back in action with the same modus operandi i.e. extravagant bonuses for extraordinary failures in the sub-prime mortgage debacle that initiated the free fall of the economy into the ditch.

In the health care reform as cited above, the proof of the pudding relies on the economic impact of the remaining uninsured millions other than the 30 millions predicted to be covered under the exclusively private proposal. Other issues, like raising taxes on health care plan opted by the work force in lieu of employment benefits are a matter that will weigh in on the cost factor determined by the supply and demand free market elements.

“Some things never changes,” regardless of the power in the White House or the Congress is evident in the past year evaluation.

The Wall Street traditions continue with the financial, health care, communications and energy industries dictating terms and conditions in defiance of the free market fundamentals.

Among them are:

Demanding bailouts and refusing to be subject to scrutiny,

Legislations drafted to promote obscene profits at the expense of exhausted taxpayers and exploited consumers eventually driving the economy to the cliff and,

Last but not the least the communications industry, Comcast resisting government intervention in the monopoly of the diverse media, such as the takeover of NBC and sister networks along with the national communications service and AT&T barring competition in the deal with Apple computers in the Smart Phone – iPhone subscription services and more.

With respect to green jobs creation, the notion is ideal and it would invigorate the battered economy, provided the energy giants do not railroad the budding entrepreneurs vital to expand the sector for community access and local job opportunities.

It’s clear that the ideological sniping from the left or the right is ineffective with the administrations in power succumbing to Wall Street pressure on all issues.

There is one thing to expect loyalty from the supporters through lavish praise and flattery that would simply qualify as cronyism in the backdrop of ‘business as usual’ environment. Another aspect where the actual situation in people’s life has not changed in terms of retaining jobs, homes and the health care proposal entirely entrusted under private care responsible for the status quo.

My silence is not necessarily my disappearance into the oblivion. Any suggestions and requests made thus far in both domestic and foreign policies have been slighted even though they are decisively in favor of the struggling populace at home and abroad. Perhaps, that might be the cause for the utter disregard of opinions and ideas offered upon several political figures’ insistence to participate in the legislative process.

For instance, my request towards transparency and accountability promised during the election campaign by the Obama candidacy has deviated to closed chamber discussion with lobbyists and party members notably in the health care legislation, financial regulations and climate bill negotiations.

I’ve been urging that the oversight committee (if it exists!) hold the financial sector accountable for the bailouts and demand they comply with their end of the bargain in facilitating the credit flow and lending practices crucial to energize the stagnant economy, is largely ignored.

Likewise, the stimulus packages passed under both Bush and Obama administrations viz. TARP money $700 billion in 2008 and $787 billion in 2009 respectively has substantial amounts in cash that has not been invested vigorously to protect or create jobs in the manufacturing sector and public projects i.e. infrastructure maintenance, green technology etc.

I’m still awaiting on the logical reasoning behind withholding the vast stimulus funds for purpose other than the economic recovery via housing market revival, job growth and tax credits to small businesses and medium corporations who are forced to minimize overheads through job cuts.

In addition, the Congress passed relief funds for meager $75 billion to deal with the housing market particularly to decelerate foreclosures, is reportedly served with an acute amount of approximately $2.3million and not billion. Further, it’s reported that the treasury secretary Timothy Geithner’s explanation was “the funds held in reserve to rescue financial institutions from the housing market downturns.”

I emphasized on the required urgent action during the Bush administration bailout activities in resurrecting the Glass-Steagall Act and the long overdue aggressive financial regulations to prevent the precipitous decline of the financial assets hurting the average citizens. Not surprisingly, it received no attention.

Now, it appears that the recently passed House bill on the financial reform has incorporated some of the rigorous policies instead of the comprehensive GS Act possibly anticipating the standard revolt from the Senate.

Not all is lost but there are serious grievances among the general public that are justified with the families facing economic difficulties and it’s appropriately revealed during the November 2009, gubernatorial and congressional elections.

Considering the facts, should one remain complicit to the prevalent camaraderie between Wall Street and Washington in spite of the culture corroding the systems and bankrupting small businesses and ordinary individuals in the society?

My specific role is to represent the people i.e. the humanity at the domestic and international fronts. The task is to work for the general mass and common good to restore democracy, peace and harmony, social justice and freedom, the basic right of all living beings.

Unfortunately, the guidance on foreign policy has been deliberately dismissed by selective entities with a cavalier approach to humanitarian crisis affecting millions of innocent lives. There will be in-depth discussion in this context to dispel the myths and misconceptions surrounding the international crises.

Washington functions on the dogma that “Those who try to please all, pleases none.” The irony in the legislators’ action is the public interest invariably marginalized over the personal and special interests in the appeasement trend.

Hope and Change is yet to be experienced and possible with a paradigm shift that recognizes alleviating people’s plight as the primary goal in public service.

Thank you.

Padmini Arhant

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

Happy Thanksgiving!

November 26, 2009

By Padmini Arhant

A special day to thank the people for their love, compassion and actions that positively impact the recipient’s life. In this respect, the nation is thankful to the brave men and women in harm’s way for their sacrifices in many different ways, most importantly their precious life. Within the community, there are many benevolent individuals dedicating their time and resources for others’ welfare. They deserve acknowledgment by the members. Then the family unit, where the relationship is strengthened with genuine care, affection and understanding for each other unconditionally recognized in a subtle or profound manner.

Nationally, the members in the House and the Senate ought to be congratulated and thanked for their hard work and perseverance in passing the preliminary health care legislation.

Personally, I appreciate the opportunity to serve the people at home and across the globe through the innovative technology made possible by the genius minds and entrepreneurship in the contemporary world.

I’m thankful to all the visitors to this site for their support and encouraging remarks that help me strive hard to enhance my contribution at various levels. While compliments are incentives to exceed the expectations, constructive criticisms on the other hand are a reminder for self- evaluation besides representing the checks and balances.

Finally, the tradition nurtures the charitable act of giving and sharing with the less fortunate on this American holiday.

Happy Thanksgiving!

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under Featured | 2 Comments 

A Thanksgiving Message – A Sense of Gratitude

November 25, 2009

By Padmini Arhant

Message to President Barack Obama

Hon. President Barack Obama

Dear Mr. President,

After careful consideration, I would like to convey the withdrawal of my support to your administration based on your recent policy decisions on many issues.

I am not a politician. Although I’m privileged to have lived in different democratic countries and had many opportunities to participate in politics, I didn’t have any affinity for it mainly because:

The political environment is often dominant with “staying in power” that provides the means to fame and fortune rather than the sincere dedication to serve the people by taking political risks against the will of the establishments controlling the government in the systems disguised as democracy.

As stated earlier to you and the American public, I had a formal invitation from the former President George W. Bush and the office of the Vice President Dick Cheney to join their team to promote their agendas. Being guided by my strong principles and convictions with respect to peace, non-violence, fairness, freedom and equal opportunities for all human beings, I declined their offer as the past administration’s ideology was not only in contrast to my belief but also proved detrimental to any kind of progress.

Besides, as expected in politics, I cannot be a ‘Cheerleader’ of hawkish policies for political correctness and vehemently opposed to being an ‘attack dog’ for the powerful.

Your candidacy in the 2008 Presidential campaign with the ‘hope and change’ message indicated that hope could become a reality through positive change in Washington. Accordingly, I got involved voluntarily in the beginning and mandatorily later on to support your campaign, despite several requests and overtures from your democratic and republican opponents to rally behind them.

In response to the wild rumors and assertions about my ‘alleged’ financial gain then, during your political campaign, or, for that matter, now, I wish to set the record straight for the skeptics and the critics: I was never paid a dime in any form or method throughout the campaign up until now.

Conversely, as you well know that I have been contributing through donations to your campaign and the Democratic Party all along, while trying to maintain my livelihood on a modest income.

Meanwhile, there have been attacks, innuendoes and insinuations against me more so from the feminist “liberal” columnist representing the New England daily failing to meet the journalistic standard of remanding the elitist women with political clout and capital to tasks on important issues like foreign policy and health care reform in the public arena.

Unlike the various administrative appointments that have taken place through political bargaining and deal exchange; I continued my unconditional free service during the campaign and after the commencement of your administration until date regardless of the experience qualifying the expression being ‘thrown under the bus’ on many occasions not to mention the sleep deprivation with maximum three hours sleep in the past two years.

In terms of plain gratitude from the beneficiary of the historic Presidency, I had the honor of receiving DR. King’s sermon that could be perceived in many different ways depending on the deliverer’s intentions implied in the message.

“If you want to be important — wonderful. If you want to be recognized — wonderful. If you want to be great — wonderful. But, recognize that he who is greatest among you shall be your servant. That’s a new definition of greatness.”

In my view, DR. King is the inspirational force who compelled the disheartened spirits to submit themselves to achieving greatness through service to humanity and strive hard to transform the status quo. Alternatively, in a spiritual sense the interpretation of ‘the greatest among you’ leads to the only entity Almighty God and his love amply reflected in the creations, the indomitable service to mankind.

Nevertheless, I’ll continue to exercise my right guaranteed to me in the first amendment, and remain steadfast with my commitment to the highest commandment to promote peace, progress and prosperity for all.

Thank you.

Sincerely,

Padmini Arhant

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

Senate Vote on Health Care Bill

November 20, 2009

By Padmini Arhant

The Senate health care bill is currently under scrutiny requiring 60 procedural votes to qualify for the Senate voting process. At present, the democrats have 58 votes in favor with two independents unclear and the remaining Republican votes unanimously opposed to the bill. I’ve confidence in the (I) U.S. Senator from Vermont, Bernie Sanders with his support to alleviate the suffering of millions in Vermont and across the nation.

While the Democrats laying out the facts and figures, the Republican lawmakers are meticulously scanning for flaws in their defense to block the anxiously awaited health care legislation.

Senate version of the health care bill proposes $848 billion allowing coverage for 31 million uninsured Americans with a CBO (Congressional Budget Office) assessment confirming an impressive $130 billion cost savings otherwise a massive federal deficit reduction over a decade.

In terms of public benefits, the contentious ‘public option’ substantially compromised with a state opt out plan to appease the opponents against the American interest. Women’s right related to the yet another controversial health topic viz. abortion devised differently from the House Bill. Again, a strategy adopted to lure the conservative vote within the majority.

The tax increases predominantly aimed at expensive health care policies titled as the ‘Cadillac Insurance Plan,’ with a tax imposition on minimal policies increasing the threshold to $8,500 for individuals and $23,000for family coverage. Likewise, $60 billion tax revenue generated mostly from a marginal hike in Medicare payroll tax by 0.50 percent on individual income exceeding $200,000 and $250,000 on combined household earnings respectively.

Although, there are reasons for grievances among different groups in the society, Senator Harry Reid’s challenge is understandable given the preparation in the battleground ahead of the voting session. Seeking perfection in the long anticipated health care reform would prolong the matter providing ammunition for the special interests and their paid representatives to terminate the desperately needed national health care.

I sincerely hope along with the millions of victims from the status quo that the legislators on both sides would rise to the occasion in the tough economic times by honoring the constitutional oath to protect, serve and prioritize the citizens’ plight over other demands. The only way to demonstrate that would be to cast their vote for the health care bill overwhelmingly accepted as the gateway to economic recovery.

Not only the nation’s eyes are set on the Senate’s important event but also the entire world will be watching the elected officials’ true commitment or the lack thereof to the electorate granting them power in a democracy.

I remain optimistic on the outcome and convey my best wishes to Senate Majority leader Harry Reid and other Senators for their valuable contribution towards the historic legislation.

Good Luck! to the members of the United States Senate in the health care bill approval.

Thank you.

Padmini Arhant

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

Response to Vice President Al Gore and DCCC Chairman Rep. Chris Van Hollen

November 19, 2009

By Padmini Arhant

Dear Mr. Vice President and Rep. Van Hollen,

Please accept my apologies for the delay in responding to your request. However, the required information sent on priority basis should be available prior to the deadline.

Enclosed please find the contribution and the survey completed with specific targets vital for immediate economic recovery and national progress.

I appreciate your kind remarks and the invitation to participate in the legislative affairs. I pledge my support to defend the policies benefiting the people of the United States of America as well as the global citizens.

Furthermore, I consider it’s really important for the incumbent and the prospective legislators to make a firm commitment to serve the people electing them to office and not become the proxies for the special interests. I reiterate the fact that despite millions of dollars in investments towards any political campaigns, the ultimate power lies with the electorate in a democracy.

I stand beside President Barack Obama and the Congress to serve the nation and humanity in urgent need of action on many fronts outlined in the 2009 Priority Issues Survey.

Constructive criticisms against strategies detrimental to national and global interest help the administration and legislators focus on delivering the promises to the American public and the international community at large. I urge the honorable members in public service to regard them as my deep concerns for our great nation undermined in the past eight years and the partisanship prevalent among the conservative factions in the Capitol Hill.

Rest assured my primary goal is to ensure the Obama Presidency is a phenomenal success in addition to the responsibility to promote international cause through freedom, democracy and peace for all.

Thank you.

Sincerely,

Padmini Arhant

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

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