No way NO HOLDS BARRED Armida Siguion-Reyna 07/20/2010

No way

NO HOLDS BARRED Armida Siguion-Reyna 07/20/2010 Sunday dinner in one of my children’s houses, talk shifted to the present travails of the euro and the seeming resurrection of the American dollar. “How are you doing here?” asked a young guest from Singapore, here in the Philippines for the first time. “Do you really have your last president to thank for, for your economic stability?” The question of course served to trigger the time bomb inside me that had long wanted to explode since the Inglorious left Malacañang buttressed to the left and right of her by a PR expert’s pack of lies. Gloria Arroyo is not to be thanked; whatever fiscal strength the country has, is there despite her. Gloria Arroyo should not be thanked; whatever fiscal strength she’s touted at the end of her term is likely invented or magnified by her cabal of cronies and henchmen for her her exit hurrahs.  The Ibon Foundation clarifies that Filipinos are “worse off today” than when Arroyo rode the crest of morality to become president, nine-and-a-half years ago. The report, dated June 17, 2010, clearly after the May 10 elections, belies the Arroyo administration’s “praise release” of achievements released to media shortly before she stepped down.  “Unemployment is at record sustained highs, household real income declined, poverty increased, inequality worsened, and Filipinos were forced abroad in unprecedented numbers. Prospects have been undermined by the steady erosion of domestic manufacturing and agriculture, a rapidly deepening fiscal crisis, and defeatist international trade and investment policies. In contrast, the profits of the country’s biggest corporations and the wealth of its richest families have continued to improve substantially.”... MORE Source:  The Daily Tribune URL: http://www.tribuneonline.org/commentary/20100720com5.html

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