Thursday, February 03, 2005

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?

2 Comments:

Anonymous Anonymous said...

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.

May 3, 2005 10:25 PM  
Anonymous Anonymous said...

"I have seen the 'enemy' and it is us." Unfortunately.

May 5, 2005 5:53 AM  

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