President Aquino says ‘No’ to charter change, but his Liberal Party says ‘Yes’
Ibon Foundation pointed out that increasing FDIs have actually been
accompanied by increasing unemployment, increasing labor export, falling
real wages, shrinking domestic manufacturing and more volatile growth.
by INA ALLECO R. SILVERIO
Bulatlat.com
Despite his denial that he supports moves to amend the 1987
Philippine Constitution, President Benigno Aquino III is hard-pressed to
prove that he is against charter change. A lawmaker has even said that
Aquino’s own party is at the forefront of efforts to do it.
Bayan Muna Rep. Teddy Casiño recently revealed that since its
formation, the party that Aquino leads is leading efforts to selling
the Philippines to foreign interests particularly the United States.
Casiño was referring to the Liberal Party which now holds majority seats
in the House of Representatives.
Casiño made his charge in the wake of reports from the New York-based
think tank Global Source that the latest initiatives to amend the
charter has a “fair chance” of succeeding this time around despite lack
of support from Aquino.
In an October 3 commentary written by Filipino economists Romeo
Bernardo and Margarita Gonzales, Global Source noted that while Aquino
is not championing charter change, he is not standing in the way of
Congress as it continues proceedings leading to charter amendment.
The US think tank is pushing for the removal of foreign equity limits
on economic activity in the 1987 Constitution, which includes the
following: operation and management of public utilities (40 percent),
exploitation of natural resources (40 percent), educational institutions
(40 percent), advertising agencies (30 percent) and private land
ownership (40 percent if a Philippine corporation). No foreign equity
is allowed in media ownership..... MORE
Source: Bulatlat.com
URL: http://bulatlat.com/main/2011/10/11/president-aquino-says-no-to-charter-change-but-his-liberal-party-says-yes/
29. Alam n'yo kaya na ngayon ang ika-115 na pagdiriwang ng pinakaunang
labanan ng Himagsikan bago pa man ang pangkalahataang pag-aaklas? Ngayon
unang lum...
12 years ago
1 comment
Ang Liberal Party (of cheats) ang partido ng PARITY RIGHTS, ng 'Hello Garci' man sa Senado ("Noted"), at ngayon, ng Economic Cha-Cha a.k.a. bicam con-ass.
Ang Partido Liberal, ang Partido ng TRAYDOR sa bayan. Bow.
"“Historically speaking the Liberal Party, under President Manuel Roxas, was at the forefront of selling our country to the US by first amending the Philippine Constitution and then railroading the so-called Philippine Trade Act or the Bell Trade Act of 1946. This Act established a monopoly of the principal Philippine products that favours American interests. US businessmen can import products into the Philippines free of duty, quotas and price ceilings, whereas Philippine exports to the US are subject to quota restrictions. Americans are also given the same privileges with regard to property, business, and industry as those enjoyed by Filipinos, while the same privileges are denied to Filipinos in the US. This is also the same with what the current Liberal Party along with the Senate president and foreign businessmen are pushing through Cha-cha to the detriment of our economy and people,” he said."
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