During my last write up, I made bold to express that I am yet to determine a significant contender out of all the candidates aspiring to become Nigeria number 1 citizen come 2011. We already know People Democratic Party’s candidates with this exalted position. Other party’s contestants are being released in trickles. For instance Mr. Nuur Ribadu originates out under Action Congress of Nigeria and Retired Major General Mohammed Buhari is running under Congress of Progressive Change.

The simple truth is whether we love to it or otherwise the incoming president can come out of the People Democratic Party. This explain the exchange of banter between the incumbent president and the former v . p .. Merely a fool won’t sign up for this assertion. Even when People Democratic Party choose to relinquish power viz a viz various positions both at state and national level, they would wish to hold tenaciously towards the Presidential position using the incumbency power. overlook the current saying as to creating enabling environment for a credible election, it is all farce. Election was recently held in Ekiti state, we had reports of how it went. Snatching of ballot boxes and thuggery was the order during the day.

This only signifies that the problem of security is not yet been properly addressed by Independent National Electoral Commission as the election is around the corner. Unfortunately we’re still going to make use of our police force as police force agents to make sure there no security lapses as well as breech of security. But it has never worked. The situation is always the opposite way round. Our law enforcer always synergy with party agents thugs, and some unscrupulous Independent National Electoral Commission officials on the election day to perfect the art of rigging. This is the exact situation of things through the country during election period. The stealing from the Direct Data Capturing machine at the airport only shows how porous our entire security network within this country is. Additionally, it shows the do or die attitude from the political class in Nigeria. Many people have been arrested for this crime, but we would not be surprised if eventually the problem is swept underneath the carpet, since it was the politician themselves that are behind the theft. They only desired to still the equipment to perfect their rigging plans.

The Abuja bombing blast in October 1st this year is still fresh in our memory. Nigerians expected the culprit must have been brought to book by now. Why foot-dragging onto it? The result of the foot-dragging may be the result of multiple bomb blast that simply exist in Jos and Maiduguri. Arrest happen to be made already, I belief if the individuals are put through serious scrutiny we will get to know the crime wasn’t committed depending on religious ground. The truth is people committed heinous crime within this country hiding under the cloak of religion. The actual reasons are politically and economically motivated.

The skirmish in most states’ of house of assembly, house of representative and the national assembly has to do with allegation of monetary impropriety leveled from the leaders of those chambers. It is difficult to listen to our honorable males are fighting one another in the house over an issue that will bring succor towards the teeming numerous Nigeria. Rather these were busy fighting for their own interest. We still remember the case of Dino Melaye group from the speaker Dimeji Bankole. In the state level the house of assembly members will always be neck deep using their governors over monetary issue.

It’s very disheartening to point out that over the past twelve years because the creation of this political dispensation, our nations’ yearly budget has failed in terms of implementation both at the local, state and national level. It is a shame. Both legislative and executive arm of government does not wish to take blame with this. It is important to point out that, despite the non full implementation of the budget at the three tiers of government our honorable men ensure that current, concurrent/recurrent expenditure are always carried out to the latter at the expense of the capital expenditure thereby which makes them criminally wealthy.

The Central Bank Governor came out badly to accuse the nation’s assembly members of gross financial indiscipline. The person stood by his claim because he refused to become cowed to render an apology towards the already shaken house. How could one explain a situation whereby 288 people be accounted for 25% from the nations yearly budget.You people are stealing us blind.

The speaker of the house of representative also announced a counter accusation that the executive are also accountable for about 50%.This is an interesting scenario.

Probably Mr. speaker didn’t understand that most of the executives’ members are professional except the ministers and so many government officials that are political appointees. If the speakers claim holds true then Nigeria is in serious trouble going through the virtue of the type of people that were entrusted with leadership position in this country.I believe the honorable speaker is trying to inform us that both pot and kettle are black. Sir we are not blind and neither shall we be deaf.

I think it is high time the government of the country evolve a political system which will downplay money politics in the nation’s political settings. The nation’s political system should be demonetized. The government should find a way to make elected positions in this country less attractive. Using this method, we are left with people of impeccable character that will be prepared to serve our country and people perfectly. Then nobody will need to remind us that pot and kettle will act as a check on themselves thereby correcting the imbalance in the nation’s economy.

Honestly if you ask me something is wrong with us as a people along with a nation. This really portend a great danger. It’s as though there is a virus that is ravaging our leadership position. Whether elective or appointed position, after they assume the mantle of authority, their conscience died. It remained dead they left office. The ones that regain theirs are the ones that arrived on the scene clean after leaving office. Not many anyway. For people who came out with the spoils of office, their conscience remains dead.

What am I trying to explain? How come our leaders so wicked? Don’t you think understand that they are committing a great crime from the people of the country through their nefarious activities all in the name of wanting to have political power and gain recognition? It is sad. Allow me to make something clear. Nigerians are not ignorant. We all know what is going on. The truth is Nigerians are confused simply because the people that have mounted the mantle of leadership have Suddenly become very bad. Nigerians have never had it so bad. Both leaders and followers are putting the blame about the existing system. The machine that has suddenly become systemic and compromised. Sooner exactly the same system I belief will end up self regulating and self sanitized.

Our leaders doesn’t care about the welfare of people of this country, once their needs are met. Is it their jumbo pay, juicy allowances and huge amount of money been voted for every committee set up to look into ministries and federal agencies that people are going to discuss? How can i explain a situation whereby our national assembly members earn more than their counterparts in civilized world, United State of America for instance? For crying out loud how can these people justify their earning of #240 million/#204 million as their take home each year for any senator and house of representative member. What are the yardstick utilized in measuring this? To create matter worse the house leaders are yet to affirm or refute this claim. Let us reaffirm the claim of Central Bank of Nigeria Governor and that from the Speaker of the house of representative by juxtaposing their claim. Within the end this means, the rest of the 25% from the nation’s budget is left towards the judiciary and also the remainder of Nigeria to profit from. Bearing in mind the Budget hasn’t been fully implemented since the creation of this political dispensation.Actually the implementation of 2010 budget was an act of misdeed and misconduct.

As in the theater, the second acts in politics tend to be more hard to write. In addition to the U.S. returned to the path of economic growth after the biggest financial disaster in eight decades, obama Obama has closed the very first half of his mandate using the passage more laws throughout the fruitful duration of the truly amazing Society within the sixties, under President Lyndon Johnson. stimulate the economy ,health reform and financial system , guarantees of fair purchase women, extending the Bush tax incentives …their email list is long and varied. Additionally, Obama has accomplished in just two months put back the setback suffered within the November elections at the hands of the opposition. The strike, that is close to 10%, may be the great stain about the good reputation for both of these many perhaps the greatest obstacle in the manner for re-election of the first black president in U.S. history.

But what will take place in 2011 and 2012? This week Obama will give his State of the Union with a brand new balance of power in Washington: Republicans control the House of Representatives and could exercise the blocking minority within the Senate. For that Democrats, the key to another 22 months is going to be if the electorate can have the economy is improving, which can make you redirect its strategy toward the center.Technically, the great recession ended in the summer of 2009, however the recovery is so slow that the ordinary citizen just the note.

You will see, therefore, two years easy, and these first couple of weeks will set the tone from the other half from the mandate. Public spending clearly dominate the legislative agenda until the 2012 elections.That’s where Obama will side with the opposition, which soon start to negotiate the budget to consider effect in September.

Democrats and Republicans must also deal together another dark just right the economic and political future of the U.S.: the degradation from the country’s finances during the Great Recession.U.S. gross debt is now at 14 billion dollars, equal to over 90% of GDP and it is expected to exceed April from the ceiling of expenditure of 14.3 billion set by Congress. That is, the federal government will run out of money if not extended with that margin. Ben Bernanke, Federal Reserve chairman, is a year requesting a plan to let the deficit continue to fatten the account. Current year, Bernanke said, is “unsustainable.”

Prior to leaving for Hawaii for Christmas vacation, obama said it is “vital” to invest in “things that create a cutting-edge economy” and “cut programs that do not work.” Return to the struggle between the two parties: the Republicans have already shown their muscle by passing a motion in the House of Representatives to dismantle the health reform adopted through the Democrats. The vote, that was delayed because of the tragedy in Tucson (Arizona) , was symbolic, since the move cannot succeed in the Senate, and when you exceed this step, the president would veto it.

Republicans seek roughly cut spending to 2008 levels, about 100,000 million, with 20% cuts in education and transport.But the problem doesn’t end there. The White House also needs to make proposals to change the tax structure to boost revenue making the gathering more efficient combating fraud and abuse. Washington, naturally, stands for division. And although the ultimate goal could be the same, Democrats and Republicans differ regarding how to achieve it. This becomes even more evident regarding taxes.

A Barack Obama is going to be playing, therefore, traversing a hostile political climate, as did Ronald Reagan and Bill Clinton, and really should placed on the agenda items that pass the bipartisan border, such as reducing the tax burden to businesses. Obama, however, faces a far more delicate economic situation. Therefore, in the bank Wells Fargo will believe that any important decision until following the presidential election of 2012.

Soci�t� G�n�rale claims the problems come from then because the decision to extend the tax incentives isn’t combined with measures to reduce the deficit. In contrast, only serves to increase it. And that, he says, increases the uncertainty. The recommendations of the bipartisan commission to deal with debt, he says, are a starting point for future decisions.

Obama, like Reagan, is renowned for its ambition and for being an ideologue. But it’s also a pragmatic politician, which will help to adjust to circumstances. This explains the profoundremodeling is completed in the team of advisors , veterans of the Clinton Administration and a profile more favorable to business interests. They’re Gene Sperling, Jacob Lew, Austan Goolsbee and Jason Furman, as well as centrist William Daley as chief of staff.This week these were accompanied by the chairman of General Electric (GE), Jeffrey Immelt, who’s responsible for the brand new Council for Employment and Competitiveness, a government agency to exchange the economical Recovery Council, headed by former president Federal Reserve (Fed), Paul Volcker.

Employment, housing and the deficit will set the pace from the Federal Reserve throughout the next 2 yrs. In principle, it’s expected that the central bank remains active until June of repurchasing debt. But as economic data improve, pressure is going to be increased to lessen stimuli. Regarding rates of interest, inflation gives leeway to maintain near to 0% until 2012.

The buying price of money may also rising sharply if investors lose confidence in U.S. capability to take their accounts in order, and if Democrats and Republicans choose the next 2 yrs to throw things in the head instead of compromises. “And that can be potentially harmful,” alert from the Council on Foreign Relations.

At this time, Bernanke was clear fourteen days ago in the Senate. The price of this situation, he explained, is “severe economic and financial markets if left uncorrected.” In order to put it backwards, “the prompt adoption of a program to reduce future deficits will strengthen the growth and long-term stability and can leave rates low for an extended period.”

Both Wall Street and Washington hope that this year the economy will show that it is able to sustain itself without the aid adopted following a earthquake triggered through the collapse of Lehman Brothers in 2008 . You will find signs that, finally, growth is gaining strength in the U.S.. Private consumption, which depends upon two thirds of its Gross Domestic Product (GDP) advanced at the end of 2010 at a rate of 4%.

They have also acquired orders in industry and manufacturing. For Goldman Sachs, both data claim that “domestic demand steadily advancing.” Nine of the ten leading indicators published by the Conference Board, that really help predict the evolution of the economy are positive for months. The only one that remains red is for the real estate sector.

The crisis has forced Americans to review the way they spend, has reduced its debt and high savings. The amount of credit card debt compared to disposable earnings are around 11.9%, based on the Federal Reserve, the minimum level since 1999 and less than 14% right before the current recession. “A significant improvement,” the Economic Outlook Group, however the hole remains deep.

There’s optimism among managers of small , medium enterprises and among executives of large corporations, which stood at levels close to pre-recession. “Step by step”, said because the conglomerate General Electric. Also, consumers seem less burdened than last summer, judging by the polls at the University of Michigan and ABC.

“The legs are stronger economy,” said PNC Financial experts think that the game is on the right track “toward a far more durable recovery.” The two-year extension of tax incentives for George W. Bush will have an optimistic effect this year and next.The Goldman forecast, based on these data is that growth as much as 3% within the fourth quarter of 2010 compared to 2.6% in the third, and gaze after that pace in 2011.

Societe Generale as 3.3%. Now you ask , whether growth is translated into prosperity for what Americans call Main street , that’s, for ordinary people. The answer is that the situation is improving but is still not even close to from the hole. Conference Board data reveal that although most households have a healthy balance and are willing to save money, caution dominates. Actually, the confidence index reaches 52.5 points away from the 90 that indicate the economy is good and never achieved since 2007.

Wells Fargo economists believe this year will be “turned the corner”, that people will observe that situations are better than this year. But that point does not mean that there will be a return to normal. “There is going to be progress, yes, although not enough where friends, family and colleagues are pleased with the job prospects as well as their future.”

The town of Los Angeles, Chicago and Albuquerque doesn’t need a political analyst in Washington or New York to tell you the way things are going, and has reason to believe that things goes better in the short term. Nor could it be correct that the Dow Jones closed 2010 with additional 11% and scored his second consecutive year in green.

And it is that simply last year at this time within the U.S. breathe exactly the same feeling of optimism. What did Wall Street, Federal Reserve, the White House and international agencies. Until everything fell apart so abruptly using the outbreak of the crisis of European sovereign debt also it was feared a relapse. The IHS Global Insight analysts say this year will be different. To aid his argument are set on four things: increasing business purchase of equipment, computers and communications employees work more time, more money is circulating in the system and also the values from the S & P 500-stock index’s largest companies – is at levels seen before the fall of Lehman. Shall, within the best case scenario, “a mild rebound.”

The Conference Board notes that there are still clouds within the medium term which will cause the average citizen still see things differently. “It may be the dual reality” that, according to the Economic Policy Institute, “will still dominate in 2011.” All analysts agree the biggest problem, the cloud is the persistently high unemployment minute rates are at 9.4%. Are about 14.5 million Americans, 44.3% of them long-term.

The Federal Reserve itself admits within the minutes from the last meeting. The current strength of economic indicators “not enough” to justify a general change in its means of stimulating the economy. Quite simply, there are still risks that push in the other direction of growth and, in the words of Ben Bernanke, will be five years until things normalize. The slowdown in growth, he says, prevents the recruitment exceeds 100,000 new jobs a month, making the great concern within the medium term future is the job market. The unemployment rate in the IHS predict, continues at over 9%.

If for that 2012 elections hasn’t fallen below 8%, it will likely be difficult for the tenant in the White House is going to be reelected. You will find, however, great news. The non-public sector added 297,000 net jobs in December, the largest on record, perhaps driven with a better tax climate. CareerBuilder is predicted more companies are able to sign more full-time permanent contracts in 2011 (24%) than in 2010 (20%) and 2009 (14%).

There are also people who plan to continue reducing staff (7%), but under last year (9%) and anterior (11%). The rest expect no change (58%) or unsure (11%). Manpower believes the hiring plans of companies are “most promising” in 2 years. “The momentum in hiring is imminent,” Barclays added.

At Mesirow think that you will find better prospects since 1983. That’s, if expectations are met, the economy could generate about 200,000 jobs per month in 2011. “If sales are better, there isn’t any reason the task doesn’t follow the same trend,” he added at Credit Suisse. How about salaries? The modest increase is expected there, at around 3%. To suit all the puzzle pieces will not be easy following the mess lived within the last three years. The home is going to be another point of attention within this second act. After signs and symptoms of recovery in the spring, the cost falls back. There are about 10 million homes “under water” (having a larger mortgage compared to they are worth today) and 1.2 million vulnerable to eviction.

Although home sales rose 5.5% in November, the game remains depressed, at levels not seen since 1981. The finish from the tax incentive to purchase housing sector got the brink of a second recession, as indicated from S & P Case Shiller. All this explains, based on IHS, prices fall 10% more for excess supply. And when house values fall, people feel poorer.

The evolution of employment, not just by the unsustainable rate of unemployment, but additionally by the perception of safety at work and salary, will be answer to property out of this spiral to which output is not seen at the earliest, until next spring. And economists are evident that although they remain stuck there won’t be any real recovery.

Meanwhile, core inflation (which excludes volatile things like energy and food) is at 0.8%, its minimum in half a hundred years.Along with the current unemployment level, prices may go even less, 0.5% this year and stay at that level in 2012. That, in principle, it gives leeway towards the central bank to keep rates near 0%, says Goldman.

However, many costs are rising, such as food, clothing and transport, and this is reflected in bills later this month and forcing families to pay more attention to that which you put in the basket. And also the picture is now added the rise in oil prices, which threatens being an “additional tax” for consumers.

This season is also significant to be the very first in which the impact will be felt a wave of retirements one of the generation ofbaby boomers. The pension product is literally insolvent in the present structure. The reform, therefore, is urgent. Here again, the ideological division in tackling the controversy on how to update something made to protect seniors is abysmal.