Decision vs. Indecision

I have always been a believer that indecision always leads one to the ruin, be it in personal life, business world, economic management, politics or military warfare. No one knows for certain, whether it was the right or wrong when the decisions are taken. In majority cases, the Actors tend to defer decision as safe way out to meet the popular demand or opinion.

 

Only the decision makers change the world. They dictate the events. In most cases, the decision maker wins. He starts slowly but surely on way to success. He is normally a quick learner. Initially, his success rate is low; hardly 30% or 3 out of 10 decisions prove correct. However, when the time passes by, his success rate improves progressively. There comes a stage when 7 or 8 of 10 decisions prove right, and the intended move works. The decider finally prevails. He is called the “Leader” in truest sense, in any field he is engaged in.

 

There is a caveat to above belief. If one analyzes the failure rates, he would invariably find that the decision maker relied on the expertise of others instead of using his own judgment or discriminating abilities. A good leader always seeks the opinion of others, listens to various sources, never allows him to be influenced by the coterie of advisers, but finally takes decision only after using his own understanding and common sense. He knows pretty well that an Advice is only an Advice, not the dictate of others to be his own decision.

 

A wavering mind or indecisive mind is the root of most problems or the troubles everywhere. A confused investor does not make the decision to buy or sell just because others are telling him to do so. He therefore loses physically or by missed opportunity. A wavering businessman misses the opportunity by not taking some inherent risk. A leader of the household loses when he does not decide on vital issues by keeping the issues pending. And a political leader or Central Banker lose out by not recognizing the obvious,  following the beaten path or popular opinion for fear of taking blame later for his possible wrong actions. He kills the spirit of innovation or revolt against mindset theories that work no longer.

 

Where the President George W Bush does fits in – in the caveat?

George W Bush, the President of United States, was a decider in most of the cases. He never wavered in taking decision except in last stages of his presidency. He started off 8 years ago in an act of aberration by defeating narrowly Al Gore. Later, he defeated John Kerry convincingly.

 

In 8 years of leadership, he demonstrated convincingly that he was always an avid listener to his coterie of advisers. He trusted them blindly, almost religiously. As a true leader, he never bothered about media or what other people thinks of him. A leader is one who does what he thinks is right. At the same time, he excessively relied on so called expertise of his advisers and allowed their opinion to sway his personal decision. As result, he made disastrous policy moves on practically all fronts. He progressively made 8 wrong moves out of 10 chances.

 

Parental Influence on the President

He also allowed him to be dictated by his father George Henry Bush, ex-President, from whom he inherited the ignominious legacy of people like Dick Cheney and Donald Rumsfeld, who were admittedly the distasteful war mongers. He also inherited his father’s hatred for Saddam Hussein, Palestine, Hezbollah, Hamas, Assad of Syria and love for Israel.

 

He followed him like obedient son forgetting that his father was defeated by the American people and he should not have had any influence in his policy making. Most of his vital decisions were made by him not in the White House but in his Texas Ranch or Camp David in close consultation with his father. In short, United States was ruled by Proxy for 8 years by his father George Henry Bush, Senior. He became the puppet of his advisers who were the brand loyal to his father, an ex-President.

 

Axis of Evil

His own invention was intense dislike of Iraq, Iran and North Korea.  He coined few new phrases – “Axis of Evil” and  “War on Terror”.   By feigning this terror, he undercut the privacy of Americans, whipped up patriotic feelings by compulsion in enacting Patriots Act to quell any revolt against his presidency.

 

Iraq War and Troubles in Middle East

He must have played with lots of military toys during his childhood days. His advisers Dick Cheney and Donald Rumsfeld saw that as an opportunity to play upon his weakness to wage a massive war on Iraq on completely falsified military intelligence reports of Weapons of Mass Destructions. How could only a few people in CIA and Pentagon find conclusive evidence of WMD when over 131,000 US soldiers could not find even a single piece of evidence of such weapons after almost 5 years of presence in and visiting every nook and corner of Iraq?

 

A true leader is one who may make mistakes but corrects immediately once he became aware of. He does not flinch a bit in retracing obvious wrong, and does not drag on like a gambler in the casinos on the strips of Las Vegas or Atlantic city. He does not care whether the world or his own people will laugh at him when he was retracing his mistakes or an act of errors and aberration. As President of United States, he was supposed to rectify the errors immediately and saved the lives of several thousands American soldiers and hundreds of thousands of Iraqi people.

 

He could not afford to say that he got the faulty intelligence reports, he got his numbers wrong on the economy, and he could not forecast the troubles due to Katrina and California wild fires. As President of Unites States he was in supreme command, and he should have known or foreseen the troubles months ahead. He was supposed to be visionary, not illusory, and if he were to act and behave like an ordinary American, he had no right to or place in the coveted throne of White House. He was supposed to use his brain, intelligence and common sense rather than relying upon his advisers in White House, Defense, Pentagon, Treasury, Fed, and Commerce.

 

He was so much pre-occupied with the Iraq, Afghanistan and Al Qaeda that he almost forgot the map of United States and economic troubles brewing like volcano about to erupt. While he sat in the White House, his mind was always travelling in the rugged ravines of Iraq and tough terrains of Afghanistan. He sought to quick fix the economic troubles by printing out billions of dollars of rebate checks when the nation was seized with massive budget and trade deficits. In short, while he took various decisions promptly, he was always wrong. He never applied his own mind he was supposed to as the President of United States.

 

Savior of unborn lives and Killer of existing Adult humans and Children

He was pleasantly against killing of unborn human lives by opposing Abortion in present form. At the same time, he was cruelest democratic dictator killing in excess of 1 million Iraqis by constantly bombarding them from several miles in the Air especially when the Iraqis did not have Air Power to defend themselves.  He demonized the democracy and destroyed Iraqi heritage, centuries old monuments, beautiful palaces, mosques, exquisite pieces of architecture,   and made the beautiful Iraq into the rubbles of destructions. 

 

He excavated over 180 bodies of so called torture deaths in early 80’s of Saddam regime and arranged for his death in fake trials, while he went on killing over a million Iraqis and dumping them into mass graves with impunity.  Who is more heinous  - Saddam who killed only 180 Kurds in early 1980 or George Bush who killed over 1 million Iraqi civilians and soldiers during his reign of terror? While he was promoting the cause of “War on Terror”, he himself was practicing the reign of terror in various parts of Middle East – viz. Iraq, Lebanon, Palestine, Afghanistan and border towns of Pakistan.

 

George W Bush has proved to be the most murderous political leader in the world since the days of Adolph Hitler in World War II.

 

He virtually destroyed Lebanon by instigating Israel to cause the maximum damage by aerial attacks of most ruthless kind, knowing pretty well that Lebanon did not have any air power to defend them. Lebanon was also reduced to rubble by granting Israeli the most lethal “bunker busting bombs” (BBB) killing hundreds of innocent Lebanese adult and children.

 

He engineered the war on Afghanistan under the garb of “War on Terror” with ostensible cause to search and destroy Osama Bin Laden in the most rugged mountainous place in the world. When he found the going tough there, he invited NATO to replace American forces to fight the OBL and his Afghan army.  NATO foolishly obliged him and lost hundreds of soldiers of constituent countries, saving the original attackers – Americans.

 

He later turned his attention on North Korea but when he found going tough there at far distant place, he refocused on nearer target Iran as another nod point of his Axis of Evil. He questioned Iran for arming the Insurgents in Iraq that caused huge losses of American marines. However, he never answered why the Americans were there in Iraq at very first place.

 

He was looking for excuses to attack Iran in the name of disarming its nuclear capabilities. During last few days of Presidency, he incited Israel to conduct massive military raids on Palestine killing over 1100 innocent civilians; many of them were women and children.  Israel lost only 13 of its soldiers, 3 of whom from its own friendly fires. The idea was to instigate Iran into some sort of military action that would justify massive Israeli and US military strikes on its nuclear facilities. The Iranian president was shrewd enough to understand this game and therefore chose not to fight Israel openly until leadership changes in United States on 20^th January 2009. He was obviously frustrated at the outmaneuvering efforts of Iranian President Mahmoud  Ahmadijenad.

 

President Bush enjoyed his term of his Presidency watching with great interest and joys the flying body parts of innocent citizens, adults and children in Iraq, Lebanon, Palestine and Afghanistan from the 2 ton bombs showered upon the civilian population from 5 to 20 miles above in the air.

 

Americans love – hate relationship with George W Bush

He was loved and hated by Americans in roller coaster ride all these 8 years.  

 

He was loved, because he gave the Americans almost $ 108 billions in Tax Rebate checks when there was a gaping hole in the treasury. Americans merely considered what came into their pocket without bothering its legitimacy. Americans therefore allowed their narrow personal interest in short term to prevail over the long term interest of themselves and future generations.

 

Dumbest President in American history

It is doubtful whether he ever had the elementary knowledge of arithmetic to work out the simple numbers and basics of even house management; otherwise his callous mistakes would not have brought ruin and complete destructions of the giant US economy, once the eyesore of the world.

 

Not that he was dishonest. He was of course sincere. He was just dumb and duffer when it came to finance and economy. He lacked in his understanding of numbers, with the result that both Paulson and Bernanke had field day in spending over 2 trillions on bankrupt banks, insurers and brokers by casting undue influence on their President.  He became a dummy goat and almost  a puppet to sign whatever document placed before him for spending unaccountable $ 700 billions at one time (now swollen to over 2 trillions).

 

“Better Sign and speak up before the nation, Mr. President”, the Treasury Secretary Mr. Paulson and Fed Chief Bernanke would say.

 

As a decisive person, he could have been a wonderful leader.  But he was so much reliant on his advisers (and perhaps his ex-President Father) that he almost mortgaged his brainpower to them while borrowing their ideas. Like sub-prime mortgages, they all failed.

 

I would take only one example (which is plucked from my book “Sub Prime Resolved” yet to be published) which will illustrate how his one action could have had most positive effect on economy.

 

He gave away $108 billions in Tax Rebate to American citizens to help boost the economy. They could not. It just evaporated in seconds in burning gas that cost them over $ 4.30 (when oil prices reached $147).  The American citizens were not “listed entity”. They are not quoted on the NYSE or NASDAQ. So spending on them did not bring in fresh money.

 

If he had spent instead same $ 108 billions on Corporate Tax Cuts, it would have raised their profits by $ 108 billions (of which $ 30 billions will come back to the State in the form of taxes). Since these companies are listed, and the markets usually trade at 12 to 15 times P/E multiples, it would have theoretically brought in $ 1.2 to 1.5 trillions of fresh money and boosted the market.  His net outflow would have been just $ 78 billions ($108 billions of Tax rebate checks – Income Tax of $ 30 billions) and inflow of $ 1.5 Trillions of fresh money from Investors.  Thus overall effect would have been $ 1.4 trillions of inflow of money into the economy without spending trillions he is spending on the advice of idiots like Paulson or Bernanke that would get back nothing in return. The individual tax payers would have benefited more than tax rebates due to rise in value of their portfolio.

 

This is what I wanted to tell the President Bush when I wrote him the letter of 18^th August, 2008 but he ignored with the result that over $ 15 trillions evaporated in a span of just 15 days later. You know what I wrote in that letter (refer to my letter “Ignored Letter to President Bush that caused massive blow out of $ 15 trillions” – see in the side bar if you have not read that letter so far.

 

Sex and Tax Policy

President Bush was of course a decent man. He did not like the gays and lesbians to marry within same sex.  That was his “Sex policy” obviously right one, in my opinion. In the Tax matters, he always wanted to give better tax benefits to rich people that were highly objected by democrats who perceived such policy to make rich richer and poor,  poorer. He was convinced such policy as right one, and I endorse it, but he did not know how to put it across the people. (What he should have said is written by me in my book “Sub Prime Resolved”)

 

WTO and WOT policy

No, there is no spelling error – both are right words. WTO = World Trade Organization and WOT = War on Terror – personal invention of President Bush. He was championing the cause of free trade, not a bad idea, and also “War on Terror” the worst idea. Let us forget WTO and focus on WOT.

 

He pioneered the policy of not negotiating any matter with terrorists. In short, he closed the line of communication with them. The mistrust and misunderstanding develops if there is no communication between two parties. Further, what is the definition of a “Terrorist”?  Are the suicide bombers in Iraq the “Terrorists”?  They are fighting for liberation of Iraq, similar to “Quit India” movement started by Mahatma Gandhi in India. He too was labeled as “Terrorist” by no less than Winston Churchill, the war time Prime Minister of United Kingdom in World War II days.

 

While the Iraqis are fighting for their own land, who the Americans are fighting for in Iraq?  - for Iraqis or for personal ego of the President Bush?  There is very thin line separating the term “Terrorist” and “Nationalist”.  A person who is fighting for his own country is a “Nationalist” and one who is not, a “Terrorist”.  Were Gandhi, Netaji Subhash Chandra Bose or Shaheed Bhagat Singh in India  “nationalists” or “terrorists”?  British forces who caused mass killings of more than 1500 persons in Jalianwala Compound during pre-independence days of India were “nationalists” or “terrorists”? They showered bullets on women and children at very close range to kill them point blank. Similarly, was Nelson Mandela in South Africa a nationalist or terrorist as he is made out to be by the Apartheid government?

 

This is where President Bush erred in understanding the basic difference between  the terms “terrorist” and “nationalist”. When US can attack Iraqis with 2000 kg laser guided bombs from 5 to 20 miles in the air from F18 or B12 bombers, what would Iraqi do if they do not have even one Anti Aircraft gun or matching F18 bombs to counter them and chase the Americans away?  They therefore turned into “live bombs”.

 

This is nothing new.  Even Japanese practiced the same art during World War II when they attacked US forces “head on” and killed themselves in act popularly called  “hara kiri”. Even today, Japanese take this name with great respect. Then why similar practice is condemned when it came to Iraqis? If some one attacked your home with guns and bullets, would not you defend it by using all available means like sticks and iron bars? Do you become a terrorist in that case to defend your own home?

 

Such basic sense is never taught at even Harvard. These are family values which are taught best at homes and in early days of KG schooling.  In Kinder Garden days, the children are taught what is right and wrong.  Never in Universities or MBA post–grad schools or colleges.

 

Final Verdict: A decisive President thoroughly wasted.

It is sad to see that seemingly decisive President was thoroughly wasted. Many say that President Bush will go down the history as one of the worst President in the history of United States. These voices are heard only now – because he is leaving in 3 days. Never before.

 

There is similarity between President Michael Gorbachev of pre-divided USSR or United States of Soviet Russia AND President George W Bush of United States of America now.  George Henry Bush, Senior was responsible for the division of Soviet Union. He used Gorbachev as pawn in the name of “glasnost” . The present President George W Bush will go down the history for sowing the seeds of disintegrating the nation once upon a time called “United States of America”.

 

In our culture, there is a saying that “those who are undefeated by outsiders will ultimately be defeated by the insiders or by their own people”. This is going to happen to United States of America, almost invincible to outsiders, will be destroyed by their own people – the Americans. Look at who is destroying the United States – American companies like Fannie Mae, Freddie Mae, Citigroup, Bank of America, AIG, Merrill Lynch, Bears Stearns, Lehman Brothers, General Motors, Ford, Chrysler, Wachovia, General Electric (in future)  - name it and you got them on their butts – Made in USA

 

Post Retirement days of President George W Bush…

President Bush never had time to reflect on himself where did he wrong. After 19^th January, 2009, he would have ample time to think over it. He would be shocked at the revelation – “oh my God, what have I done to my country? “ He would have tons of nightmares and sleepless nights at his Texas ranch. When seemingly a good person does many terrible wrongs, and he realizes it rather late, he tend to develop suicidal tendency. Let us hope it does not happen to President Bush. He has been exception all the time during 8 years of his presidency, and let us hope that he keeps the records same way in future.  Should we write him off ? Of course, we should. He will be a history after 19^th January, 2009

 

Anil Selarka (Kalidas)

Hong Kong, 2009/Jan/16    Ref: 0901-021

 

 

Like a potential good stock that could yield profit and dividend, Americans trusted Barack Obama and elected him as President on his promise of “Change”. In stock market, the investors usually buy on rumor and sell on fact. That rule still applies to the President elect. Barack Obama is beginning to recede on his promise to change.

He is no longer a dashing flawless speaker. He is intermittent, evasive, confused and disenchanted. Instead of adopting change that he had promised, he is following the same beaten path as his predecessors, counting on old guards in Clinton Administration for his new cabinet. It looks like that Bill Clinton is having paramount influence on Barack Obama. Will he be the proxy of Bill Clinton the way George W. Bush was for his mentor father, former President George Henry Bush?

Change? What Change? Obama is beginning to ask himself while facing hard reality.  Mr. Obama, you had a safe journey in the space so far. Now face the hostile home for a change. Welcome back to this planet.

From whatever we hear and see from his utterances in print and media, he seems to be making startling beginning. It seems that he was during campaign guided on economic front by Robert Rubin, former Treasury Secretary, now with Citigroup, who is the most dangerous man around in the United States.

Rubin was wholesale destructive. He destabilized and eventually destroyed the Glass Steagall Act, 1933 during Clinton Administration. He saw it as an impediment to the merger of Citi Bank and Travelers group. Rubin therefore unduly influenced or advised  President Clinton to approve the abolition of the 65 years old law that finally sow the seeds of today’s sub-prime related crisis, where banking, securities and insurance businesses could be conducted by a single institution.

This was what exactly opposed by the Glass Seagall Act, 1933 formulated  under President Roosevelt Administration that separated the business of Banking, Insurance and Securities for common good to avoid the conflict of interest. The integration of Commercial banking, Insurance and Securities business earlier had caused massive stock market crash in 1930s and saw closing down of over 4000 Banks, Security houses and Insurance companies that resulted into deeply recessed depression. Had that act survived today, we would not have seen today’s crisis in Banking, Investment banking (securities) and Insurance world.

Almost all these troubled banks, brokers and insurance companies today are engaged in concurrent banking, insurance and securities business. No one knows who should control whom. SEC would consider banking as FED job, FED will consider derivatives as SEC job and SEC will consider banking default as FDIC job. It finally turns out to be no one’s job. Rubin also objected to CFTC (Chicago Futures and Trade Commission) role to oversee the “derivative trades” and legally removed their authority with the help of Alan Greenspan, then FED Chairman. These very derivatives are the crux of the present day problems.

Rubin created the web of non accountability, a specialization of his parent firm – Goldman Sachs. Paulson, also from same firm, recently followed it up while seeking $700 billions from the Senate on one condition – he would not be accountable or obliged to make any disclosure.

Non-accountability has gained momentum – from a few billions to $ 700 billions. Bernanke perfected it with massive $ 2000 billions or 2 trillions of infusion in the name of easing credit crunch!

Is it not silly that while both Paulson and Bernanke were soliciting Senate’s authority for $ 350 billions of TARP funds in first installment, Bernanke alone was distributing largesse of $ 2 trillions ($2000 billions) without seeking any authority from anywhere! When Bloomberg asked for the details of the distribution, the Fed did not even bother to reply under the weil of secrecy and national security. Now Bloomberg is filing a lawsuit under Freedom of Information Act.

Even the husky voiced Senator Barney Frank expressed dis-satisfaction at the use (or misuse or abuse) of $ 350 billions that evaporated in just under 30 days. California fire, my dear Barney, California wild fire!

President Bush was non-plus. In 8 years, he knew only three things – Iraq (Saddam Hussein), 911 (Twin Towers) and Afghanistan (Osama Bin Laden). In his quest for Middle East and Afghanistan, he forgot the map of the United States. While he went on terrorizing Middle East with Patriot missiles, his financial team of Paulson and Bernanke invented and practiced home grown terrorism on the Senators, Representatives, Senate, the House Banking Committee, the President and the American people.

It was a classic act of “Green” blackmail. “You do this else these terrible consequences will follow. Don’t blame us we did not warn you.” was the kind of address they gave to the Senators who were stunned as if they were observing a few minutes silence in deferential respect to the departed soul.

LTCM was destroyed by John Meriwether, former executive of Salomon Brothers. Rubin therefore started hating the Russians who brought about LTCM debacle. LTCM (that lost $1 trillions in derivatives, officially $ 4 billions as its own capital) was covertly encouraged by Rubin with remote control. This is why he helped organize its rescue when so many skeletons were about to come out in the open.

Warren Buffett, who took over Salomon Brothers in 1987 with great fanfare as great financial bargain, finally got rid of it when it was sold to Travelers Group in 1997. Travelers Group then merged with Citi Bank to become a Citigroup.

In similar fashion, he was seen to fondle Enron to manipulate the oil and gas prices in the world market through paper trading. Citigroup and JPMS actively supported him by financing Enron’s oil and gas related deals. When he saw the oil bets going against, he quietly resigned without attracting any notice.

No one asked him why did he resign? Not even his ardent admirer, Bill Clinton, then President, who crowned him as the greatest Treasury Secretary ever since Alexander Hamilton. (1789~95)

All bad companies promoted or rescued during Rubin’s regime, finally converged into Citigroup. Rubin then eased himself out of his position as Treasury Secretary into $115 Millions a year job at Citigroup to cover his tracts relating to dubious assets followed by newly developing bad asset – Enron. Citigroup and JP Morgan Chase (JPMC), who financed Enron, sold everywhere its spurious bonds similar to sub prime bonds and CDO/CDS derivatives of today, and got into hot trouble losing several billions. 

During  his tenure at Citigroup, he managed to settle Enron related lawsuits by defraying $ 2 billions to Investors in 2005 followed by recent settlements of $ 1.67 billions claim of the creditors. He also oversaw the $2.5 billions of Worldcom related settlement by Citigroup to irate investors and creditors. In short, it appears that he deliberately went there to cover all his tracts at fat fees of $ 100 Million plus per year.

In less than 5 years of Rubin’s Co-Chairmanship, after eating almost $500 Millions of salary as a parasite, Citigroup lost $ 70 billions in cash ($50 billions before + $17 billions in the from of taking over liabilities of its subsidiaries in the form Structured Investment Vehicles). He also forced (persuaded) the Fed to guarantee its lousy and worthless portfolio of $ 360 billions, presumably in the form of CDO (Collateralized Debt Obligations) CDS (Credit Default Swaps) or CLN (Credit Linked Notes). In short, he managed to persuade his compatriot Hank Paulson and Ben Bernanke to spend $ 430 billions of known figures to finance Citigroup. How many of $ 2 trillions additional largesse was given away by bearded Bernanke are still not counted.

And what did the Citigroup do with $430 Billions? It fired 75,000 employees. In short, the Fed and Treasury gave away $5.74 million to Citigroup for firing each employee. It will cost the State additional $4.5 billions towards unemployment allowance and lost taxes of $ 1.5 billions had these employees remained employed and paid taxes.

Rubin followed the doctrine or mantra of strong dollar policy to manipulate the world market. He was in fact strongly suspected to be instrumental in causing Asian Crisis when Euro was about to be borne. He did not want Asian nations to shift their reserve lying with FED to Euro. He therefore appear to have destroyed Asian currencies with the help of two renowned Hedge Fund managers – George Soros and Julian Robertson. What you see today of strong dollar in spite of gigantic troubles are the “ditto” measures adopted by him during Clinton Administration. This time, his other colleague from Goldman Sachs, Hank Paulson is doing that dirty job.

Rubin was clever enough to remain always in the background, allowing pawn players to do the dirty jobs on the foreground. In the event of troubles breaking out, he was always there on crime scene like a forensic expert searching for clues with intent to search and destroy whatever remaining hints floating around that might point fingers at him later.

Obama was looking at the same old Rubin during campaign for economic guidance which was the first disastrous mistake he was making in the dressing room before going to play his first game at the White House on January 20, 2009.

Obama appointed his formidable opponent Hillary Clinton as Secretary of State. She is a hawk whereas Obama himself is a Dow. There is no matching chemistry. She will wage war with anyone – a female replica of George Bush – completely opposite character of her affable spouse Bill Clinton.

The internationally acclaimed and a rational person could have been former Secretary of State – Gen Colin Powell who is highly respected by almost all leaders, friends and foes, around the world. Obama missed him in his first baseball shot. He sacrificed Gen Powell in an act of balancing colors to avoid pointed fingers – his first grave mistake on foreign policy front even before he took over the office. It may be argued that Gen Powell was ineligible as Republican. However, Gen. Powell voted for him and also officially endorsed his candidature. There are no official restrictions to such appointment except in party politics,

Just as President Bush inherited the caucus team of Dick Cheney (Vice President), Don Rumsfeld (former Defense Secretary), Greenspan and other dumb heads from his father Sr. George H Bush, President elect Obama is following the same pattern by inheriting the legacy of Bill Clinton. Change? What Change? There is no change – same dud and dirty politics.

And here comes another firm. Goldman Sachs. Entire Fed and Treasury buildings are infested with the mammals from Goldman Sachs. Robert Rubin belonged to that clan. Hank Paulson also belongs to same clan. Neel Kashkari also comes from same place. It is Goldman who is calling the shots for over 15 years of America’s mismanagement of economy. Many of the Anchors of business channels have GS stamp on their butts.

The entire policy appears to be conceptualized in Goldman HQ, politicized at the Treasury, monetized at Fed, and finally sold like Sub Prime assets through massive publicity in perfect harmony and orchestration via business channels manned by trusted friends who were once upon a time were with Goldman Sachs. 

Obama is now trying to pump in another $ 1 trillion into infrastructure spending, after massive $ 2 trillions influx into the system by the gang of Bernanke and Paulson. He is also hell bent on reducing taxes on individuals.

Never did he answer nor did anyone ask, how was he going to bring in income while spending on all fronts and destroying America at the speed of Katrina.

The whole nation has become a typified New Orleans where stupefied corpses are found every where in immediate aftermath.

Obama has given first glimpses of his carefully nurtured personality. When the “red blood” is oozing through the main street and Wall Street, he is talking nonsense about the “green air” exhorting all 3 Auto manufacturers to invent green cars.

It will be years before those Auto makers would turn their cars green, provided they exist. The immediate priority is to take them out of deep trouble and rejuvenate demand for their products by any means. For instance, He could announce impending immediate policy directive to all government departments to use only those vehicles made by 3 US auto makers for about 2 years temporarily.

That will give breathing time to Auto makers who need demand for their goods, not bail out funds which will be exhausted in no time if there were no demand for their vehicles. They could restart the plants and job firings will be halted immediately. In fact, it will start creating jobs in auto sectors and its ancillaries sending positive feelers all around in the period gloom and doom.

His currently reflected priorities are not of the becoming of a great leader about to sit on the coveted throne at the White House. He has demonstrated so far that he is neither a leader seeking “Change” nor a “Santa Clause” willing to part acceptable gifts – JOBS – to American Citizens on the eve of Christmas. Only a day before, an unemployed youth started firing in California and killed 9 peoples on the spot. This is only a beginning.

The only thing that changed during last 52 days of post election process is - his name. He has decided to use his middle name while taking oath at the White House. He is now Barack Hussein Obama about to stride into White House (Obama is a Christian, not Muslim). What is he trying to do by changing his well known name by including “Hussein” in the middle? Pacify Arabs and Islamic nations that a mixed secular name is going to lead America in future? If he had used “Hussein” as his middle name during campaign, I am 100% sure that he would have lost the election in most disastrous fashion. He does not have the mandate from the people to use his “Hussein” brand.

If name change were to usher in the dramatic change in the economy, George Bush would be left wondering why not he thought of it while facing disaster after disaster at home and overseas during 8 years of his ignominious presidency.

Obama is therefore showing the sure sign of just another “mediocre” at the White House!

The crisis is so acute that there were reports that “US military was preparing for domestic disturbance”  Click here for Newsmaxx Report. With guns being freely licensed through out the United States, the nation is sitting on a huge volcano about to erupt. After years of practice of firing billions of bullets in other countries during last 60 years, US Military Commanders will have uphill battle back home for the first time firing for a change at their own people.

Will Barack Hussein Obama be the last ruling President of the beautiful nation once upon a time called “United States of America”? Don’t be surprised. It happened to USSR in recent past. It could happen again, this time in America for a change. Is this the CHANGE he was talking about? 

And the distraught investor, Warren Buffet will be awaiting the final verdict from his city – Omaha, after investing $ 8 billions in Goldman Sachs and General Electric at the instance of Hank Paulson, who will no longer be around after 20th January, 2009

Obama, Osama and Omaha – what a rhyme in the American politics and finances!

Let us prepare ourselves for the “Great Royal Circus” in Washington. The curtain will be lifted on 20th January, 2009. It will be a battle royal in the far flung Afghanistan and Iraq – Obama vs. Osama.

Poor Lady Liberty must have been tired holding the torch for so long in the middle of the sea. It is time to find new home, she must be murmuring. Where, she does not know.

Kalidas, Hong Kong
Ref: 0812-020 of 2008/12/26

http://www.anilselarka.com