Saturday, January 28, 2012

Pnoy should stop playing and concentrate on his work as President

As some of us salivate over news of another Pnoy tryst with a Korean celebrity, many of us are deathly worried over the cavalier attitude of this government insofar as economic matters are being discussed. As Pnoy tries to cozy up with Korean celebrity Grace Lee, the Philippine stock market dived to its lowest in two years. Foreign investors are not buying what Pnoy told the business community that this administration will further open the domestic markets for globalization. How can that be possible, when the business tycoons of this country are slowly making a killing by limiting the space that foreign-based investments can actually play on?

Tell me of just one Private-Public Initiative that took off and I'll tell you, there's none. Tell me of one big company sued by this government of economic sabotage and I'll tell you, there's also none. Ask me if some big time businessman has been put to jail for not paying the right taxes and i'll also tell you, there's no single animal out there who was hand-cupped and put in jail. Those press releases from the Bureau of Internal Revenue (BIR) are not making it quite easy for investors to really consider the Philippines as an open market.

Carmen Pedrosa in her article today over at the Philippine Star blame wrong policies of the Aquino administration as the reasons for the lackluster economic performance of government. There is so much potential in this country but this administration is taking its sweet time, spending precious moments planning instead of just implementing what the previous Medium Term Development Plan (MTDP) PROPOSED SEVERAL ADMINISTRATIONS AGO. That plan was a blueprint, yet some if not many of its proposals are being left to rust in time by this administration. 

How then can it solve the increasing number of job hunters in the market or the debilitating rise of poverty throughout the archipelago? Graft and corruption continues unabated, and if we are to believe certain quarters, like what my friend Bobby Capco wrote in his column, corruption continues at the Bureau of Customs, even. Big-time players have cornered the entire market, and those two idealists whom Pnoy put in trust there, remained busy counting their blessings, never their accomplishments.

Politics is destroying this administration, bit by bit, and I'll not be surprised if later on, we see a hollow administration.