Was Noynoy Aquino alluding to his father Ninoy Aquino when he said “Our countrymen in the Philippines who are corrupt have beautiful cars that are very expensive and very fast, but if they want to escape they use a wheelchair.”?
Of course not – he was alluding to the former President Gloria Macapagal Arroyo who has been confined to a wheelchair due to her illness.
Imagine what would it have been like if former President Marcos joked that our “plundering hacienderos have beautiful cars that are very expensive and very fast, but if they want to escape they use a wheelchair”?
Just wondering further if Aquino was on a wheelchair when he left the banquet early? That would have been the closing act to this comedy of errors.
Here’s more from Asia’s economic joke.
Doing Business in the Philippines is a Joke
The recent Ease of Doing Business index showed the Philippines has slipped in ease of doing business.
The jokester government went into damage control mode and said it was “working to improve ‘ease of doing business’ in PH “. When the Philippine government works harder – it imposes more regulations – which just makes it worse. What a frakkin joke!
Then it goes further that the ease of doing business report won’t impact on investments – what a frakkin joke! If you make it hard for investors to do business in the country – they take the business elsewhere – like Singapore, Thailand or Vietnam.
Philippines Foreign Investment Levels is a Joke
If I recall the ASEAN competitiveness survey of 2011 – “Of the destinations offering the best investment prospects over the next three years were 48% ASEAN countries; China 29%; USA 6% and India 5%’; Unidentified 12%. Of the 48% ASEAN group, Vietnam was top choice followed by Singapore, Indonesia, Malaysia, Laos, Myanmar and Thailand. None chose the Philippines.”
Thus while the Philippine media was agog over the $1B investments from January to July – and called it a “surge” – they sound so pathetic in the face of Vietnam’s $45.8b FDI from ASEAN Member countries
One billion dollars in FDI (PHL) versus forty five billion dollars in FDI (VN) – waddapak of a surge are these moronic Filipinos talking.
Let’s add Thailand’s $9B to the mix.
And even on a bad day when Malaysia experienced a 35% decrease in FDI – they still made US$4.5B.
And then there’s Singapore – where Filipinos line up to become domestic househelps. Between January and June 2012, there was a 2.96% decrease in investments. How much FDI went to Singapore in absolute terms – US$59B!
To hear the Philippines say they had a surge of $B in FDI from January to June 2012 while Vietnam made US$45.8B, Thailand made US$8.9B, Malaysia made US$4.5B, Singapore made US$59B – is one helluva joke!
Outcomes of Big Public Spending is a Joke
The Philippines national budget in 2012 was PhP 1.8 Trillion (US$43.6B). That figure is LOWER than the FDI of Vietnam (or Singapore) for the first half of 2012!
A national budget of $43.6B – and what has the Aquino government got to show for it? Here’s what :
* US$1B in investments ONLY
* Unemployment is stagnant at 7%
* Underemployment has expanded to 22%
* Hunger has expanded – The Philippines, however, saw the number of chronically hungry
citizens rise. Back in the period between 1990 and 1992, the Philippines had around 15 million people considered undernourished. In the period between 2010 and 2012 the hungry horde had expanded 5% to 16 million. The only other Asian countries in the report that saw an increase in hungry people were Pakistan, Nepal and North Korea. The report did not include data from Myanmar.
* Ease of doing business in an already f*cked up country shows no sign of improvement – and has slipped..
Time to Trim Down this Dynasty-ridden Jokester Congress
In this age of budget deficits, debt and downsizing, I would like to offer a few suggestions on some budget cuts that most Filipinos probably wouldn’t mind at all.
1. Downsize Congress. There is no real or material need to have 250 members of the House of Representatives (PhP5.8B or average of P23,368,292/congressional office/year) and 25 members of the Senate (spending PhP2.8B or average of Php 112M/senator/year) . Congress is a bloated government entity, and a 50% reduction in the number of members will result a true cost savings to the Filipino people in staffing, salaries, expenses and perks.
2. Congress should be a part time job as originally intended, where members have, ‘real’ jobs in addition to providing their legislative, ‘service’ to the Filipino people. In fact, legislators should be treated like members of the ROTC Reserves, where they statutorily receive time off from their real jobs to conduct the nation’s business. This will result in additional huge cost savings.
3. Congress should be under a ‘pay for performance plan’, whereas, if they fail to do their jobs (like failing to pass a budget), they don’t get paid. If they miss a vote, their salary gets docked. Based upon the status quo, yet more cost savings.
“Based upon just these three ideas alone, we can literally save the Filipino taxpayer billions, while making most Filipinos happy that our nation is finally going in the right direction by imposing cost savings on the folks that create most of our problems.
Adopted from Downsize Government: Congress First
http://www.federalnewsradio.com/20/2308996/Downsize-Government-Congress-First
Obviously – these proposals ain’t happening anytime soon. For one, these Tongressmen and SenaTong aren’t about to stop pigging out on tax money – Sin Tax and AO 31 duhhh – and give you contraceptives to alleviate your poverty.
Filipino Voters are a Joke!
So how is this jokester of a nation and economy able to perpetuate this pathetic state of affairs? It’s this bunch of jokesters who call themselves Filipino voters. Not all voters are created alike you know.
Why is it that Filipino voters keep on falling for the same thieving dynasties, the same failed economic policies?
Could it be because the average IQ of Filipinos is 86. What does that imply? Well, the Wechsler Intelligence Scale “classifies an IQ Score of 86 as dull normal intelligence which is also considered borderline mental retardation.”
In plain and simple terms, the average Filipino (no offense to outliers) is a borderline mental retard. A country led by retards, for retards – that’s the Philippines for you – one big frakking joke.
The good news however is that the Philippines is in good company – as there are also lots of third world countries whose national average IQ also exhibit borderline mental retardation.
The last laugh is on Philippines and the Filipinos – a country and society in an economic and social wheelchair stuffed with yellow condoms being wheeled all the way to the cliff.
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