Late respond on the August 23 Bus Hostage; Late respond on the Mindanao flooding; late respond on the Central Luzon flooding cause by Typhoon Pedring, Typoon Quiel and the five dams; and now will make another late respond to correct the worsening economic status in the Philippines by finally disbursing the most kept overflowing billion government funds into what this current Philippine government describe as “fiscal stimulus package” worth 72 billion pesos at the end quarter of the current year to boost the economy. But some economists were bitter regarding this and said:
“..It is not a real fiscal stimulus package.. It’s just offsetting under-spending by government agencies so far this year…”,“I call it a catch-up plan with a twist. The tag ‘fiscal stimulus’ is a misnomer..”
They become bitter regarding PNoy’s so-called year ender “fiscal stimulus package” because it will not salvage everything that has been already lost because of PNoy administration’s under spending; that effect will only be minimal and the intention of the spending is just a mere a “papogi” agenda again and not with the real intention to boost the economy. For if the PNoy administration is really intending to boost the Philippine economy, it will not do subsequent cancelling of economic projects only because of the fear of “corruption” but will expend the funds for the sake of the general mass. But it seems PNoy is just only thinking about himself of how he can be “corrupt-free” president.
Even PNoy’s Public-Private Partnerships (PPP) Program is going nowhere due subsequent cancellation of projects and plans and have no clearer and concrete projects and plans to established and this is all due to PNoy’s phobia to be tainted with “corruption”. Or if fear of corruption is not the main hindrance of PNoy administration why his administration does not release funds, so what’s their problem? What more disappointing to the economist is that PNoy is an economic graduate yet he has no concrete economic plans for the Philippines; or is it he is just below the average economic student then?
Actually, late responses are always either due to lack of care or bad coordinating team due to incompetent members