Thursday, September 2, 2010

At this defining moment change has come to America ...

Mumbai, 20th Jan 2009

I am at my desk after a normal working day. Time is ticking on, its sound unusually more pronounced against the low background noise of Arnab Gosvami on television, waiting for the "change" to start. As Mumbai is preparing to sleep the night through, there on the other side of the globe, the world is awakening to a new day, the day that promised change to America and to the world.

It's freezing cold on Capitol Hill in Washington D.C. and over two million people are out on the street anxiously waiting for something the world was waiting for till this day. Barack Obama is the man in the spot light.


“I have a dream” were the words that echoed throughout America and that King Luther had dared to dream this day long back in 1963.

America has made history today. As President-elect Barack Obama rightly said in his presidential speech, America has a lot to fight for and to stand up, dust self to get a brighter and better tomorrow for Americans and the world. America is proud to have its first non-white president.

Mumbai, 2nd Sep 2010

It is more than a year and a half now. Who was going to be the best bet - a very a promising president for America, the most powerful man on the earth, has done little for his country and the world? Too early to say!

With all the problems that the US was and is facing, President Barack Obama has managed to do a good job? The economic meltdown for one and ill-effects of the Afghanistan and Iraq war on the other hand – has drained American economy. America now has high levels of unemployment, unstable housing market, and above all the towering budget deficit. White House has been taking a beating when it comes to world politics as well. Americans are not happy with the way Obama administration has been taking small but important decisions.

President Barack Obama has now put an end to the Iraq war. I still remember having seen banners on the streets of America, protesting against the loss of American lives in Afghanistan. Loss in Iraq must have been many folds in comparison to that in Afghanistan. Well done President!


President Barack Obama and his team have been strict on bonuses paid to bank employees/expenses of banks and financial institutions which have had the infamous bail-out packages to the tune of 1.5-trillion dollars in all. What started off with Bear and Stearns takeover in Bush administration in March 2008, then bloated by Lehman Brothers melt-down, Merril Lynch buyout, followed by bail-out packages for Fannie Mae, Freddie Mac, AIG, Citi, Washington Mutual, BoA and many more. I still have fresh memories of how it all started for Lehman Brothers, a 156-year old Wall Street giant – nobody had anticipated a melt-down of this magnitude. Looking back at this America has come a long way back on this front.

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