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RETURN TO KITAKITZ HOME > Forums > Manila Philippines By Gregorio Medrero > The Recent SONA of PGMA
 
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medrero18
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Registered: 08/07/06
Posts: 260

    07/25/07Reply with quote#1

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The Recent SONA of PGMA

are all but Praises

 

The just recent SONA was very  rosy, in terms of infrastructure projects that the government is doing, and about to do. The US Dollar is weakening, and the Philippine Peso is becoming strong, from a low of 50, to a high of 45—and is hoped to hit 43 by the end of this year, or early next year.

 

We are now lagging behind its neighbors, economically. South Korea was behind the Philippines during the 60s going into the 70s. Poverty is still widespread, and jobs are hard to find, although there are jobs for college graduates such as at call centers. Job contractualization is still rampant, and we don’t see the end of it.

 

In the urban centers, we could see signs of poverty. We could hear laments of helplessness, and unemployment. Economic hardships are almost everywhere--seen in everyday life of Filipinos. This is the State of our countrymen—we are still languishing in the doldrums.

 

Budget deficit is still in the 46 Billion peso-bracket. Please don’t paint a rosy picture of our country. No make-up artist can cover the problems. The Philippines is languishing in poverty. Jobs are hard to find, and if you can find, you could sense the job is contractual. Let us not fool our contrymen—just tell them what they want to hear, which is the truth, and nothing but the truth!

 

Mindanao is still in the dark, and remain to be the “land of promise,” because we could hear promises of development that don’t come. That’s why the place is always the scenes of kidnappings, and they turn to these contorted scenario just to get money and attention.

 

When will we hear truthful SONA from a lame duck president, instead of painting a beautiful and rosy picture of our country? ***

 

 

 

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catherina
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Registered: 08/04/06
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    07/26/07Reply with quote#2

Hi Tito Greg,

     Nice to see your article again. I haven't had a chance to watch the SONA of PGMA good thing you write about it. One thing that caught my attention is the weakening value of Dollar against peso, forgive me for my economic ignorance, but I just couldn't understand, why our government is so proud that Dollar value is falling down against peso, when most of our population are family of OFW, which in my opinion are affected by this weakening dollar value, say like a family of an OFW who usually remit 200 dollar a month to his family here, compared to 3 months ago this USD200 = PHP 10,000,  now that dollar value has been down to 44.82 this USD200 is now just have a value of Php 8,964.00 which sliced out Php1,036 from the family's monthly budget. What I mean to say here is that as an ordinary citizen and like most of our population, this so called "economic growth" is not being felt on our everyday living, as we can see the price of basic commodities were still high.

       I don't know, I hope someone out there can explain to me what is our government meaning of "economic growth". Jobs are still hard to find, yes we have the call centers to hire some of our college graduates, but how about our skilled workers? One journalist once said that "Our country is blessed with rich gift from nature and talented, intelligent citizen, but sad to say we are also blessed with corrupt government officials".
medrero18
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Registered: 08/07/06
Posts: 260

    07/26/07Reply with quote#3

Hi Catherina. I am glad that you had noticed what is happening to our country, especially the weakening Dollar. It's very amusing that PGMA has been continuously praising the strong Peso, to the detriment of our "modern heroes." Imagine what 100 US Dollar could mean to the families of OFWs--Php 4,400 or less, which is less than what it fetches a few months ago. They are just one part of the coin--who are affected by the weakening Dollar, and a strong Peso.

A strong Peso is good to importers, but contrary to it are the exporters' disgust. The OFWs are also the victims. There are two sides of a coin--those who are affected positively, and those on the negative.

The people had not yet felt the so called economic growth that the government had been talking about.

Thanks Lirio. ***


 

 

editor
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Registered: 07/27/06
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    07/27/07Reply with quote#4

Economic growth such a funny term. The politician use it so casually. To quote them: "The unemployment is less", "the economy is strong", "sales are up", "Imports are up", "the peso is gaining strength" etc. , etc., etc.......
 
Have you seen your income raise? Do you have higher purchasing power? Do your friends have jobs that did not have them previously? WHERE IS THE ECONOMIC GROWTH? Have you seen this personally?
The economic growth is only in the pockets of those who speak the words.
 
Here in the states I feel the pinch of the so called economic growth. Everytime I visit the grocery I wonder when will they start placing loan officers at the entrance to take applications for loans.
 
The cost for food is getting to be almost prohibitive to eat! You would be shocked to see the prices of such common things as beans and melons. Averaging over several dollars per pound! Two melons for $5! 4 ounces of fresh green beans almost $4! The average worker has to work for one hour to eat a handful of beans and a slice of melon! Where is the economic growth?
 
The farmer does not see these type of prices as they are at the beginning of the chain of distribution. It is in the pockets of the big chain distributors. I noticed recently they have placed several Plasma screen televisions throughout the local grocery. Constantly playing their propoganda and advertising. Those devices are very expensive and do nothing to save the shopper money. Yes, they are making huge incomes. The wages remain the same even with the NEW MINIMUM WAGE. Those costs are just passed on, it would not matter if the wage was increased to $100 per hour. The foods will be out of reach for those who need it the most.
 
I watch other shoppers and I see them shaking their heads when they shop for food. Especially those on fixed incomes and the elderly. They remember the days when you could fill an entire shopping bag with fresh fruits and meats for less than $20 and provide several meals for a family.  Now that same $20 will barely purchase one meal for a family.
 
Have you seen the economic growth in your family?
medrero18
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Registered: 08/07/06
Posts: 260

    07/28/07Reply with quote#5

John, thanks for your comments. I am glad there are people who share the same sentiments with me, or is on the same wave length as I am. I am not just venting my resentment to PGMA, but I am just voicing-out the feeelings of the majority of the Filipino people.***


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