6.1 PERCENT GDP! REALLY?? - Gloria Macapagal Arroyo is shouting "Yahoo!" again because our Gross Domestic Product (GDP) increased by 6.1 percent in 2004. But Moody's rating service is asking a valid question -- why is GMA's government collecting only PhP700 billion in revenues from a PhP4.777 trillion economy? Again, the obvious answer: We have a grossly incompetent and a highly corrupt administration under Mrs. Arroyo (the 2nd most corrupt in the world!). The other question here is -- if it is really true that our GDP went up by 6.1 percent, then why did the BIR fall short in its tax collections? What say you, Makati Business Club?
MALACANANG SEAFOOD PALACE
The Philippines' Ship of State is the only Ship in the World that Leaks from the Top. If Ignorance is Bliss, Malacanang must be Paradise!


2 Comments:
I may not agree with some of your views, nevertheless, I wish to congratulate you for your courageous exposes about the current administration of GMA. You are definitely doing us a big favor by calling to light the many grievious mistakes ( and/or deliberate 'anomalies') the government is involved in. I wish more people would read your exposes - because it'll definitely spark "critical minds" to think or re-think the direction (or lack thereof)of GMA's administration. Kudos to you, Juan!! I would appreciate it more if you can update this site.
"I have seen the 'enemy' and it is us." Unfortunately.
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