A recent meeting between Genuine Opposition (GO) Senator Jinggoy Estrada and Gloria's Golden Haired Boy Mike Defensor created speculations about a possible "power-sharing" scheme between the forces of Gloria and Erap. Jinggoy confirmed these "preliminary talks", saying that the possibility of a merger between the GO and Gloria's KAMPI in 2010 is strong. It seems that this "unified front" will field common candidates, possibly with the standard bearer coming from GO and the Vice President from KAMPI.
So, that explains why the "Genuine" opposition is so silent about the plight of the Filipino People nowadays. It confirms the acceptance of GO of the "political truce" offered by this administration. That's why we don't hear Adel Tamano or any other GO personality lambasting the administration for an overpriced oil, soaring food prices, Northrail project, ZTE-NBN, graft and corruption and continuing human rights violations.
This just shows how totally alike these two forces are. They are NOT Genuine Oppositionists nor are they legitimate nationalists. They are part of the old cancer which inflicts so much harm against the People. They are the scums who play fiddle with our abusers, making them our abusers too.
Expect no hope come 2010 because we will just be seeing a turnover of power from one sorry bureaucrat to another equally greedy one.
I remember what Senator Cheez Escudero once said, that the role of the Genuine Opposition in the Senate are those of fiscalizers. Good term. But is this what we expect of them in these critical times?
No.
We want people like him rising up to the challenge. We want people like him to stand up and take the cudgels of leadership for and on behalf of the Filipino People. We want young nationalists to lead us in protest against this administration.
Where are the Patriots, I ask in previous posts?
The Patriots are those who belong to the red fronts and the green fronts. They are those who take part in those Black Friday protest rallies. They are the Black and White, the Grey Fronts, the Young Rebels, the May 1 rebels, the Teofisto Guingonas of the New Generation, the Young Officers Union of the New Generation, the Magdalos, the Patriotic Marines, the Coalition for National Salvation, the Bagong Tao Movement (BTM), the Mar Roxas legions, and the true Marxist-Leninists of our age.
They are the young mothers and the old mamas. They are the daddys and their sons. They are the enlightened ones who long for change.
We don't need to debate about this, BenigNo. No. Debates are those for the cowardly and people of huge egos.
Action is what we need right now. Talks are cheap. Let us ACT NOW AND UNITE FOR THE FUTURE OF THIS BELOVED COUNTRY.
RISE UP, O PATRIOTS OF THE NEW PHILIPPINE REVOLUTION! RISE UP AND WRITE HISTORY!
Showing posts with label oil prices. Show all posts
Showing posts with label oil prices. Show all posts
Wednesday, July 16, 2008
Tuesday, January 8, 2008
The US recession and its Impact on US
Arroyo has just called an emergency energy summit. She needs to. The threat of high oil prices will impact greatly on the country's economy. One of the things which this summit achieved is lower the tariffs imposed on oil prices. It was a decision which sectors have been wanting for Arroyo to do since last year when oil players jacked up petrol prices.
But what Arroyo must actually do instead of calling for an energy summit is an economic summit. Why? There is a strong possibility that the slide of the US economy into recession will affect Philippine economic growth this year. The high 5% unemployment rate and the sluggish pace of the economy will surely affect the flow of net foreign portfolio and foreign direct investments. Investors, both local and foreign, have shown nervousness and apprehension, not because of political talks, as what "eminent" stock analyst Astro del Castillo said yesterday. The Philippine stock market will perform poorly in the next couple of weeks or even months until this US recession boils over.
Surely, those companies involved in the call center, export and those closely linked with retail or consumer goods will find it extremely hard to compete in the US due to this recession. There will be less demand for locally-based call centers because companies in the US will surely slash their customer service budget. When things turn worse, companies look at their books and erase those which they consider to be dispensable expenses.
What I fear is the fate of fellow Filipinos in the US. Surely, with unemployment high, the first sector to be affected by it would be the minorities. There will be less jobs available for them. When this happens, some or many of them would be unable to send dollars into the country or worst, entertain thoughts of going back. The exodus of incoming expats would surely strain our own economy.
This early, questions about the resiliency of our economy are animating every boardroom and every coffee shops. People are edgy. And when people are uncertain about things, they are bound to do the inevitable--strategic retreat. I, myself, am thinking of pulling out certain investments linked with the stock market, for fears that the value of my money will be diluted due to this impending recession. I am not encouraging others to do so. But, if they assess the situation, they would empathize with me when I say this: When the sky is littered with dark clouds, it's time to rush to the nearest shelter for rain.
But what Arroyo must actually do instead of calling for an energy summit is an economic summit. Why? There is a strong possibility that the slide of the US economy into recession will affect Philippine economic growth this year. The high 5% unemployment rate and the sluggish pace of the economy will surely affect the flow of net foreign portfolio and foreign direct investments. Investors, both local and foreign, have shown nervousness and apprehension, not because of political talks, as what "eminent" stock analyst Astro del Castillo said yesterday. The Philippine stock market will perform poorly in the next couple of weeks or even months until this US recession boils over.
Surely, those companies involved in the call center, export and those closely linked with retail or consumer goods will find it extremely hard to compete in the US due to this recession. There will be less demand for locally-based call centers because companies in the US will surely slash their customer service budget. When things turn worse, companies look at their books and erase those which they consider to be dispensable expenses.
What I fear is the fate of fellow Filipinos in the US. Surely, with unemployment high, the first sector to be affected by it would be the minorities. There will be less jobs available for them. When this happens, some or many of them would be unable to send dollars into the country or worst, entertain thoughts of going back. The exodus of incoming expats would surely strain our own economy.
This early, questions about the resiliency of our economy are animating every boardroom and every coffee shops. People are edgy. And when people are uncertain about things, they are bound to do the inevitable--strategic retreat. I, myself, am thinking of pulling out certain investments linked with the stock market, for fears that the value of my money will be diluted due to this impending recession. I am not encouraging others to do so. But, if they assess the situation, they would empathize with me when I say this: When the sky is littered with dark clouds, it's time to rush to the nearest shelter for rain.
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