FEDERAL RESERVE CHAIRMAN BEN BERNANKE

To: The Right Honorable Federal Reserve Chairman Ben Bernanke

From: Athinarayanan Sanjeevraja

RE: Restructuring the American economy

Suggestion: Encouraging domestic investment

Good Morning Chairman. In my opinion, structural economic problems can not be fixed by monetary policies especially QEs. QE can temporarily ease but growth will not return until sound economic structure is put in place. You argued that White House need to address the medium term fiscal mess while leaving room to cushion the economy now. In my opinion both fiscal and monetary policies are at the end of the rope.

American economy needs more debt fueled consumer spending which creates economic activity as well as jobs. It would require major restructuring of the American economy. I think that domestic investment which could help to stimulate aggregate demand, reduce unemployment and improve the overall economic outlook. If US consumers buy a product which made outside the US, it doesn’t encourage domestic investment. If US firms shipping productions or services to overseas, it doesn’t encourage domestic investments. I wrote to Barack Obama administration same concept in the month of January 2010. US government failed to execute the same.

I hope that US governments must be made accountable as hard as that would be to do for a country and bring back economy on track.

Sincerely,

Athinarayanan Sanjeevraja.

Comments

THANK YOU NOTE TO FORMER CHIEF JUSTICE OF INDIA DR A S ANAND

To: The Hon’ble Dr. Justice A.S. Anand, Former Chief Justice of India & Empowered Committee Chairman From: Athinarayanan Sanjeevraja Date: Wednesday, July 25, 2012 RE: Thank you and the members of Empowered Committee and the five judge constitution Bench of Supreme Court Judges. My lord, please accept my heartfelt thank you and the members of Empowered Committee and the five judge constitution bench of Supreme Court Judges on behalf of myself and all of the people in Tamilnadu for saving lakhs of farmers in the southern districts of Tamilnadu and the fine report you made. I wish you continued success in what you are doing my lord. The completion of the remaining judgement on Mullaperiyar will require Dharma. Every judgement should apply Dharma. Dharma should not be destroyed in any of our judgement. My lord, As you knew that “ according to lease agreement indenture granted full right, power and liberty to the Tamilnadu to construct make...

TAMIL NADU AUTOMOTIVE POLICY RECOMMENDATION (TNAPR)

To: The Right Honourable Tamilnadu Chief Minister Dr. J. Jayalalitha From: Athinarayanan Sanjeevraja Date: November 19, 2012 RE: Tamilnadu Automotive Policy to make Chennai, the world’s largest auto-hub Suggestion: We need effective Automotive Policy that will prove to be favourable to the development of our State Good Afternoon Ms. Chief Minister. You already said that our government to make Chennai, the world’s largest auto-hub during the signing of MoU with 12 firms on Monday. We are committed to do it. We can make it happen by 2023. It requires our government policy should be able to attract new players from around the world by offering favourable production environment as well as some incentives for new players to promote Chennai, the world’s largest auto-hub. We have done it so far by allowing MNC car companies to establish local production. It is time to make Chennai, the world’s largest auto-hub. It is my belief that offering incentives alone is not suf...

HONG KONG EXTRADITION BILL 2019

To: The Right Honourable Chief Executive of the Hong Kong Special Administrative Region of the People’s Republic of China Ms. Carrie Lam From: Athinarayanan Sanjeevraja Date: August 29, 2019 RE: HONG KONG EXTRADITION BILL 2019 Suggestion: Hon. Chief Executive of the Hong Kong let me start by paying my respects to you and through you to. “One Country Two Systems” structure compels Hong Kong to operate currently under different legal system than that of Mainland China. You published the extradition bill on March 29, 2019 and first reading on April 3, 2019 which will destroy Hong Kong legal independence because extradition bill is another attempt for China to take away the Hong Kong independent legal system that China has agreed for Hong Kong to keep until 2047. Thus, the people of Hong Kong marched their protest against the bill on June 9, 2019. Hong Kong protests are still continuing. The silence of your government lead...

Search This Blog