DIE HARD III
Herman Tiu Laurel
08/30/2010
While the whole country is distracted with the Hong Thai tourist bus massacre and the subsequent embarrassing and demoralizing imbroglio, the PeNoy Aquino government is insidiously conniving with its financial overlords to transfer taxpayers’ money to the oligarchs under the guise of an “investment fund to finance loans for infrastructure under the public-private partnerships (PPPs)... at very low interest rates.” Big Business’ DPA (deep penetration agent) in the National Economic Development Authority, Cayetano Paderanga Jr., adds that the money will be used “for loans to pump-prime the economy” to boost infrastructure “if we are to generate the six million tourists we hope to achieve,” as well as “strengthen the legal, institutional, and governance framework” of the PPPs.
Take out the gibberish and the scheme is simple: Subsidized loans for private corporations that will engage in government projects, with sovereign guarantees yet again!
Frankly, the pump-priming and six million tourists Paderanga is dreaming about went up in smoke after PeNoy allowed the police under his authority, as commander-in-chief, to go without timely interference despite the Keystone Kops’ odious performance from the moment they pumped bullets into the tourist bus’ tires without immediate follow through. But since that fiasco has been already whipped more than the proverbial dead horse, we will not beat it anymore. Nonetheless, there are still live horses which PeNoy and his Big Business masters are intending to ride on to another six years of unprecedented corporate profits — hoping to beat their previous P3-trillion bonanza in the nine-and-a-half years of Gloria Arroyo. With the announced PPPs of PeNoy yielding billions of low interest loans, Big Business will be off to a very spectacular start again under its new puppet government.
Of course, PeNoy’s economic plotters believe that affixing any plan with a “pump-priming” tag will sound academic and economic, a kind of techno-talk enough to impress the public into acceptance. However, such a step will only impoverish the nation and destroy its economy, while enriching only the oligarchs. It’s much of the same pump-priming that US President Obama did, which is why it’s now almost certain that not only will a “double dip recession” descend upon that once mighty superpower, but that it will most probably lead to its “greatest depression.” Already, top American economist David Rosenberg, along with trend researcher Gerald Celente and other luminaries such as Arthur Laffer and Paul Krugman believe so. That’s because Obama’s stimulus package, which amounted to trillions of dollars, merely went to bailing out the financial mafiosos that left the people penniless.
In stark contrast, China’s pump-priming consists of tax rebates and the raising of minimum wages, along with massive infrastructure expansion by the state. The Chinese people therefore have more money to keep domestic consumer activity expanding; to fuel demand; to keep farms and factories viable; and to sustain employment.
PeNoy’s Big Business-biased cheap loans, meanwhile, will result in infrastructure projects that only favor business interests. And, as we have seen in the past three decades, the supposed “trickle down” effect will only fall into the catch basin of Big Business and its corrupt partners in the government bureaucracy through corruption — as exemplified by the Gloria to PeNoy holdover of appointees’ financial perks, including a “privatization bonus,” which is actually a bribe to government executives who will betray public interest by promoting the oligarchy’s privileges.
The Big Business bias in Philippine government and society started with the Edsa I coup. This was then institutionalized by Cory Aquino through her 1987 Constitution with provisions that mandated the economy to be “private sector-led” and the Monetary Board to be dominated by bankers.
As public wealth and power started getting transferred to the giant corporations of the oligarchs, it made government progressively bankrupt, and among many other things, caused the Armed Forces of the Philippines’ store of equipment to shrink (from over 100 helicopters down to two dozen in recent years) and the Philippine National Police (PNP) to rely more on jueteng and other sidelines to keep the loyalty of its generals and officers to the ruling class (while many in its rank-and-file resort to petty crimes to survive). All these have led to the low morale (and morals) of our uniformed service — fostering a deteriorating professionalism, the rise of a “pera-pera” culture, as well as, careerist opportunism in its ranks.
Should we be surprised then, given the overall decay of society and the government institutions, that at the Hong Thai crisis the Manila Police District and the PNP showed utter lack of cooperation and cohesion; or that on the same day, two Korean missionaries in the Philippines were kidnapped, with their two companions killed; or that eight policemen were ambushed and killed elsewhere in the Philippines that same week; and so on? Should we be surprised that the nation’s psyche, in reaction to the hostage fiasco, has come to mirror national confusion and paranoia?
We as a nation are already in the ICU (intensive care unit). Radical brain surgery of the Edsa I-Edsa II tumor is therefore imperative if we are to recover. Here’s an SOS to all patriotic citizens, soldiers, officers, and civilian leaders!
(Tune in to Sulo ng Pilipino, Monday, Wednesday, and Friday, 6 p.m. to 7 p.m. on 1098AM; watch Politics (and Economics) Today, Tuesday, 8 p.m. to 9 p.m., with replay at 11 p.m. on Global News Network, Destiny Cable Channel 21 about “Ninoy’s Death: A False Flag Operation?”; visit our blogs, http://newkatipunero.blogspot.com and http://hermantiulaurel.blogspot.com)
