ECONOMIC MISMANAGEMENT

By Bayawanon

The war against drugs is good and I support it but the extra judicial killings attached to it is purely and simply inimical to human rights and should be frowned upon by the public for it clearly violates Article 3, Section 1 of the Philippine Constitution which provides "No person shall be deprived of his life, property or liberty without due process of law, nor shall anyone be deprived the equal protection of the law".

These extra judicial killings would also probably push out the prospective investors who would possibly venture business in the Philippines for the EJK's contribute much to the downward spiral of the peace and order situation of the country. Once the country is not peaceful the foreign investors would shy away from transacting business in the Philippines and this is probably the reason why the Philippine Peso is the worst performing currency in Southeast Asia and East Asia, this might be the reason why the Philippine Stock Exchange's performance is fluctuating and this is probably the rationale why the oil and fuel prices are skyrocketing.

These negative economic developments would also take a further toll to the economy for inflation would follow if the things that I have discussed above which are actually happening would come into being and these are actually negative indicators that the economy is not doing well.

You just imagine if these extra judicial killings would continue for the next five years and would also continually wreck havoc to the economy, will something be left for us after this administration?

Secondly, the president have many domestic policies that are very detrimental to the economy like his free WIFI program, his free medicine program, his free hospitalization program and his free college education program. These programs are actually good but in the long run would actually affect the economy, for how would you maintain these good programs of the government without money? Where shall you get the money in maintaining these programs aside from the pockets of the people in the form of taxes?

If taxes would skyrocket, another wave of inflation would hit us and the great probability of the ever perpetual increase of prices of commodities would continue and if this continues an ECONOMIC CRISIS would not be impossible.

Thirdly, the president is distancing from the two great traditional trading partners namely the United States of America and the European Union which may probably give the Philippines many investments. If these two gargantuan trading friends would leave us and divest their investments from the country do you think the Philippines can continue to be economically sound? The answer would then be a BIG NO for the Philippines is actually dependent on these traditional trading partners economically. In conjunction to this I'm hoping that the president would change his stance against the USA and the EU to avert economic repercussions out of his hostile actions against the same.

In view of the foregoing premises, I hope and pray that the president would review his peace and order and economic policies and formulate a wiser and realistic one to avert an ECONOMIC MISMANAGEMENT that might be a key for an eventual ECONOMIC CRISIS ... for the greater glory of the the greatest number. SO BE IT.