Do the Chacha and rape the masa
PRESIDENT Benigno Simeon Aquino III was correct to reject persistent overtures from Senate President Juan Ponce Enrile and House Speaker Feliciano Belmonte to discuss ways to amend the 1987 Constitution to remove its nationalist provisions purportedly to spur more foreign investors.
While the world’s wealthiest nations (G-7) are closing ranks and instituting protective measures to secure their respective economies, Enrile and Belmonte wanted to do the opposite. They want to open up ours never mind the economic uncertainties buffeting the world.
As it is we already have a liberalized economy hence the near total ab-sence of protectionist policies in the government. It is a situation started by former President Diosdado Macapagal in early 1960’s upon the behest of the World Bank. But Enrile and Belmonte are not satisfied with the current liberalization level and wanted more.
They want to remove all remaining protectionist clauses of the Constitution blaming it for poor performance of the economy. They want foreigners to be allowed to own tracts of prime land and become 100 percent owners of vital businesses like communication, transportation, mass media, food and the likes which are currently prohibited by law.
Liberalization has brought us nothing but poverty and inequitable distribution of wealth.
Note that the golden age of the Philippine economy, when we are second only to Japan in Southeast Asia, was when we have a protectionist economy and government under former President Carlos P. Garcia in the 1950’s.
Since the Macapagal administration opened our economy, it turned, on the average, in a downspin earning us the shameful moniker “the sick man of Asia.”
Enrile and Belmonte knew that foreign interests have no loyalty lost for Juan Hikahos and that their only interest is the profits they would earn and remit to their respective banks and other safe havens abroad thus it is a wonder why they want them to control our economy.
Politicians and entrepreneurs who want to remove the nationalist clauses of the Constitution obviously do not care if foreigners would have full control of our natural resources perhaps as long as their pockets are fat with cash.
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In a recent news forum in Quezon City, Commission on Elections Commissioner Antonio Gorospe noted that at least 82 economic provisions of the 1987 Constitution have no enabling laws thereby rendering them worthless.
Perhaps Enrile and Belmonte, instead of acting like agents of foreign economic interests, should instead remedy this situation to make our Constitution more effective.
They are citing economic reasons to amend the constitution yet they knew about the admittedly surprising 6.4 percent growth of the country’s Gross Domestic Product in the first three months of this year.
A similar GDP growth level is expected for the second quarter of this year. All of these happened under the 1987 Constitution.
These developments belie claims that the Constitution hinders economic growth. It seems to me that the real problem that needs to be fixed is the inequitable distribution of wealth which would surely worsen if Enrile and Belmonte have their way.
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Does boredom wear you down or is there just a nagging feeling that you want to get away from the metropolis and be with mother-nature? Then go and visit Bato Springs in barangay San Cristobal, San Pablo City.
Located at the foot of the mystical Mt. Banahaw, Bato Springs is just one hour and 30 minute drive from Manila. You have a spacious parking space that could even accommodate tourist buses and first class amenities for all your business and pleasure needs.
For more information call Ms. Elaine Garchitorena at 0495620976.
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