Six Months of Mayhem: Aquino's "Straight Path" Digs the Philippines Into A Deeper Hole
Mayhem and madness best describe the first six months into the Aquino presidency. Idiocy has pulled out all the stops. Clowns, retards, stooges, vampires, werewolves, all the inmates of Arkham asylum, and gangsters in corporate suits are having a field day digging a deeper hole for the Philippines to bury itself in.
Santa banana and unholy guacamole – starting with an inaugural that looked like Sesame Street and a cast made entirely of yellow big birds – and a collective IQ of just one dodo – (yes, that includes the IQ of the audience of Aquinotards and the Aquino cabinet).
As I told my friends and family before, during, and after the election – Noynoy Aquino IS and will continue to be a walking train wreck. Aquino’s path is anything BUT straight. Not with the kind of inutile and deviant company he keeps. You ask what train wreck? Here are the box cars that make up the Aquino high speed train to hell:
* EO #1 – (Truth Commission declared unconstitutional)
* EO #2 – (the high court’s status quo ante order on the case of Bai Omera Dianalan-Lucman has set a precedent for other officials affected by President Benigno Aquino III’s Executive Order No. 2 (EO 2).
* Pork Barrel has swelled – Aquino’s Pork Barrel is now bigger than ex-president Arroyo’s pork barrel. Not only that – Aquino gave Arroyo a pork barrel of P2.2B where other congressmen have only P50 million each.
* Mae Mislang and Jologization of Philippine Diplomacy – Aquino’s staff were totally clueless about protocol, ettiquette, and plain nice manners – certainly you can take the girl out of the barrio — but you can’t take the barrio out of the girl.
* Botched Mendoza Hostage-Taking – an entire comedy of errors in itself – I can understand if it were a Charlie Chaplin or Keystone Cops movie – but it wasn’t – and it wasn’t funny either.
* The shabbily executed Pilipinas “Kay Ganda” project – kay palpak, que horror – an “icon in Philippine cyberculture” who had premature ejaculation while on the wheel. At least he had the mental muscle to resign – unlike his limp-dicked boss of bosses.
* Nobel Boycott – Narcopolitics is now the Philippine national interest – protecting drug mules instead of prosecuting them.
* The Aquino Cult extends its hand into the Philippine Peso notes – and voila another botched design. Good lawd – just when you think that the gaffes will slow down – but .. currency???? Unholy turones omg – the Philippines is f*cked
Look at the bright side – Kris Aquino’s cougar antics pale in comparison to the buffoneery of her elder bro.
When will the train reach the station? Will it even get there? How long will Aquino stay on the rails? Does it matter really when the choice is one of the train being derailed at high speed – or going off the cliff?
Can Aquino show us the money? Let’s see for ourselves
GNP Growth Rate
As of Q3 2010, the GNP grew at 7.5%, slowing down from 7.6% in Q2 2010. Q3 however is still higher than the 4.1% growth recorded in Q3 2009.
GDP Growth Rate
As of Q3 2010, GDP grew at 6.5%, slowing down from 8.2% in Q2 2010. Q3 however is still higher than the 0.2% growth recorded in Q3 2009.
Exports slowed in Q3 2010, from $5.3M in Q2 2010 to $4.7M. For the same period last year, exports was $3.67M.
Imports increased in Q3 2010, from $4.4M in Q2 2010 to $4.5M. For the same period last year, imports was $3.67M.
The interest rate remained steady at 4.3% for both Q2 and Q3, 2010. Last year’s rate for the same period, Q3 was 4.6%.
National Government Revenues
Revenue is down to P91.8M in Sep 2010, P107M in Aug. Revenues for the same time 2009 were also higher at P100M.
National Government Outstanding Debt
Oustanding debt increased from P4.605B in Jul 2010 to P4.691B in Aug 2010.
Consumer Price Index (2000=100)
The CPI represents prices paid by urban consumers for a representative basket of goods and services. The CPI increased to 167.5 in Nov 2010 from 166.1 in Oct.
The NSCB noted that “the year-on-year growth rates of consumer price indices (CPIs) for Food, Beverages and Tobacco (FBT), Fuel, Light and Water (FLW) and Services increased to 3.2 percent, 11.8 percent and 3.2 percent in September 2010 from their September 2009 rates of 2.2 percent, -3.4 percent and -3.3 percent, respectively.”
Whaddya know? Aquino’s oligarch pals are enjoying a bonanza – SLEX, NLEX, MERALCO, PLDT and the entire cast of the Philippine oligarchy are raking it in by the gazillions as 90 million Filipinos are trapped in a protectionist economy – no thanks to the Cory Aquino’s 1987 Constitution.
The Headline inflation rate rose to 3.0% in November 2010 – higher than the 2.8% recorded last month and last year for the same period. The core inflation rate is even higher at 3.5%.
Here’s what Aquino’s handlers will be saying – “The economy is looking good – the Philippines maintains its fundamentals” – inspite of increasing inflation, increasing unemployment, increasing CPI, slowing down of GDP and GNP growth.
The problem with this statement is that the Philippine fundamentals of protectionism are not addressing the free market “fundamentals” of its ASEAN and APEC partners.
Case in point – the double digit increase in tourist arrivals seems to look good. What’s not being said is that we need three-digit growth to be on an even keel with our ASEAN neighbors. There’s a word for that short-sightedness in goals and performance – mediocrity. The same obliviousness applies to the various measures of GDP, GNP, etc.
There goes the Philippines – madness, mayhem, and mediocrity – merese.
The good news is that Aquino’s performance – or to be more precise – the sheer lack of performance, has made it more acceptable for people to ask the right questions – Is this all we can do? What else can we do?
Oh by golly – there’s lots that can be done – charter change, federalism, parliamentary system, FOIA, culture of excellence, critical thinking – but that’s a blog for another day.