A Setback

Republicans win in Virginia and New Jersey, is a set back to Obama's "dragging his feet"
Policies are veritable. Deliverance is a masquerade.
Discontent arises out of inaction.
Discomfiture spurts out of anger.
Apprehensions kindle annoyance.
Desolation emanates negation.


The elections in the key states , spell a dictum to Obama and his administration.
The President rushed in and out of New Jersey to campaign for Governor Corzine.In spite of Obama's personal drive Corozine lost.

The election mandate illustrates the American mind.
In 2008,the Republicans were seen as unpromising canditates.
As a result Obama was elected to the highest office.
The citizens pinned high hopes on him
They thought he would draw the country out of the crippling recession.
His bail out package ,had a high demand , and was proactive.
It did bring in change in certain energies, but in wholesome did not cater to the devastation.

Unemployment has risen to 10%, while the President is crying wild , that his government has created 650,000 jobs.

Health care is totally neglected.It looks as , "If you have fever , go and see the doctor".It rests on the individual , not on the administration.

The external policy is under deep criticism. The Afghan unrest is a threat, that could not be subdued in eight years.There is a wide disapproval to the fact that the government is pouring the money into turbulent waters. Terrorism remains unabated.

Elections express the countenance of the public.
Elections are exmiations, that rely on performance.
The Democrat governance has pleaded acquittal, for their irrelevance, and inaction.
Their petition has been dismissed by the people.
Once in a way,especially during elections the people's franchise overpowers the powerful


The results are like the bolt from the blue.
The democrats have four long years to go. They can still grow , if they mend their ways.

It Is This And It is That.

Economy is recovering , says Obama.
The stimulus package of $787 billion has bailed out the economy from a recession.
The implementation of tax-cuts has also helped the gain in economy.
There is 3.5% growth in GDP.



Unemployment is yet to be targetted.Obama's administration proudly puts forward that it has created 650,000 jobs this year.
Unemployment topped 10% in October as against 9.8% in September.A contradictory statistics,gets us into a confused melange.
Obama is not upbeat about this issue.
He fumbles with his hands , as every maid does , when they are caught unaware of the mess they make while doing the household chores.
He retorts saying that the previous government is responsible for the economic fall and employment trouble.


Obama takes credit for the goodnews,and tries to shift responsibilty or the bad news to his predecessors. The economy itself is in a dilemma. It is convalescing. It will not drop dead. But may slip to coma, if not taken care off properly.


It is a recovery here and a setback there.
The two eventualities , progresson one side, retrogration on the other have a tug of war
between them .
The result is eagerly awaited.

Best Batsman -Regulators Of U.S.Banks.

What a superb innings the Regulating body has made!!
It has made 106 runs-mostly singles, occasionally fours and rarely sixes.and still not out.
Much more elegant shots are in store till the year is out.
Well done!


Amazing is it not?
The regulators have closed 106 banks or the year 2009, up to October
Yesterday, it was nine banks.
Friday is the day for winding up failing banks.
There is a Good Friday , during Easter, every year.
But Failed banks Friday is all through the year.


These nine banks will be rebranded as U.S. bank ,which is the California focused unit of U.S Bancorp ,that operates a network of 770 branches across Arizona,California and Illinois.
The status of the employees of these bank is uncertain.


Cal national , the fourth boggest bank that has faced failure , lost $500 millions on heavy investments in Fannie Mae and Freddie Mac.
Banks hold about $1.7trillion in commercial real estate loans or about 15% of their total assets.As these loans weaken ,the banks are losing their credibilty.
Few banks with better diversiication, Zions bancorp,Columbus,Synovus Financial corp, and Commercia Inc.,will survive .


The regulators have pulled down ths shutters of all these 106 banks in quick succession.
What is the government going to do?
What is the destiny of the employees?
What will happen to the deposit holders?
How are they going to resolve the advances and loans ?

By these foreclosures , it is those who had availed financial assistance from these banks are going to gain.Their loans will be classified as bad loans, and will be written off.

Where is it heading too?
Economy has revived , say our financial experts.
But the revival is seen as a masquerading manipulation.
The euphemism is fizzling out.