Sunday, January 8, 2012

What to do with Corona

BACKBENCHER
Rod Kapunan
1/7-8/2012



The upcoming trial of impeached Chief Justice Renato Corona initiated by this implacably self-righteous government of President Benigno “PNoy” Aquino will either be one of “for show” or end up as “no show” at all. Such is the anticipation of many. Either way it goes the public would not like it. That then would expose the truth that either the Aquino government is bluffing it has an airtight case against what it insists as a known lackey of Mrs. Arroyo or that it simply bungled the whole thing.

No doubt the beleaguered Chief Justice is a callous protégé of one who for almost 10 years styled herself President of this God-forsaken land of ours. Even if we are to take it that his appointment was beyond cavil legal, the hitch is, was the person who appointed him vested with the legal authority? Of course, that is no longer the issue the Senate Impeachment Court will resolve. Besides, that has been decided by the same collegial body long before this foamingly vindictive government came to power by the electronic magic of computerization. What causes this good-for-nothing administration to have his tantrum is it cannot stomach seeing Corona a minute sitting behind the bench.

Do doubt, Corona is also feeling the heat of the vexatious charges that have been lined up against him, although from a strict legal standpoint they will never touch first base. Nonetheless, his predicament of being impeached by the House by the same midnight maneuvering process serves as a moral lesson that it will not do good to anybody to be appointed by photo finish as race aficionados would put it, especially from one whose status is as equally questionable.

Yes, Corona could insist his appointment was perfectly legal and valid, and the best proof he could cite was the same collegial decision upholding his appointment on a case specifically lodged against him. The problem is, in his alacrity to get hold of the post, even breaking the tradition of seniority of by-passing many who were appointed ahead of him to the High Court, he cannot now say no iota of impropriety marred his appointment.

His appointment may not warrant a reversal by the same court of that opprobrious decision, but definitely the case against him now has its focus on public opinion that in the end could magnify his integrity. It may not be a crime or a violation, but certainly it could hamper his credibility and that now puts him on equal footing with the one now languishing in her detention center.

Corona being scrutinized and judged on his credibility is no doubt beyond the realm of legality, and there is no way he can fight back like saying let us to stick to the rules. For then that would only heighten the cynical perception of the people towards the judiciary. Besides, impropriety can never be rectified by the expediency of securing a declaration to make an immoral act legal. It is on this pivotal aspect where many of our miserable and pathetic justices and judges failed to discern. It is the same persistent attitude of claiming that what they do is always in accordance with law that tore down the credibility of the judiciary.

For this equally arrogant administration to redeem itself from the embarrassment the best it could have done was to impeach altogether those pusillanimous justices who voted to ratify Corona’s coronation as Chief Justice. For upholding that morally questionable appointment, their removal altogether would suffice that they acted not with impropriety, but conspired to commit an act of impropriety. That could put to a crucible test the hullabaloo called checks and balance in our system of government. It could also put to an end the presidential prerogative and those arrogant termites called the Judicial and Bar Council who wants a share of that power in reducing those supposedly independent-minded judges and justices to that of shameless minions of the President. Booting out all of them is to use their weapon of voting by collegiality to kick out all those remnants who voted to ratify an appointment that was at the outset morally wrong.

As it is, the political centurions of this administration want to punish Chief Justice Corona for his bias in favor of his former boss in Malacañang, specifically for allowing Mrs. Arroyo to seek medical treatment abroad. That approach manifests this administration’s preoccupation on the vagary of amor propio because the real issue remains about the inappropriateness of the appointment.

To question him why he voted with the rest of his pro-GMA colleagues in the Supreme Court is to acquiesce to the validity of the power of the one who appointed him. Corona has a point at least from this compartmentalize legal standpoint; that he cannot be faulted for voting with the rest of the majority. Rather, the administration should have booked all those justices for impeachment, and that could have put to an end the wrangle of who is right and who is legal.

Adding complication is the fact that the Supreme Court then lorded by the minions of the political hijacker legalized that brazen act of political vandalism. Yes, the issue is now water under the bridge, but looking back, the appointee cannot be made more guilty as the one who appointed him, especially if she only had with her a fake cloak of people’s mandate. President Aquino should have sorted out this possibility of overhauling the entire judicial system for only then could he erase those infamous blot marks that made our jurisprudence something of a big joke. The problem however is that the Aquino government is having second thoughts in not wanting to spoil everything.

Finally, because the administration doubts it could pull the number to convict Corona, the tongue of those spokesmen now waggles about their so-called “Plan B.” Maybe there is no such thing as double jeopardy in impeachment even if the accused was acquitted for failure to obtain the necessary vote, but should these cretins crying for blood be permitted to take that drastic approach would the administration not appear silly? In such event, it would confirm the long-drawn suspicion that indeed something is wrong with this administration.

(rodkap@yahoo.com.ph)

Friday, January 6, 2012

Corona: The perfect red herring

DIE HARD III
Herman Tiu Laurel
1/6/2012



“Like Saguisag, I still recall Corona’s sneer and derision of poor people in Edsa Tres,” said a texter — adding that the current Chief Justice (CJ) “represents the worst of his class…” Another called the chief magistrate “matapobre” (someone who looks down on the poor), since he also “called the pro-Erap masses… at the Edsa-Ortigas April 2001 (uprising) as toothless, pant-less hordes…”

They were, of course, referring to a recent column by former senator, Estrada counsel, and anti-Marcos human rights lawyers’ group icon, Rene Saguisag, who holds the view that the forthcoming Corona impeachment trial is a crusade against a knave and a lowlife. Those messages, coming from my radio listeners and column readers, expressed surprise at my linking arms with former Gov. Homobono Adaza and lawyer Alan Paguia in our petition against the impeachment of the chief magistrate of the Supreme Court (SC).

Probably perplexed at my apparent siding with the CJ, these texters confronted me with his past that ran contrary to my long-standing pro-Edsa III and anti-elitist position. So I replied that although Saguisag is entirely correct about Corona being a knave, he is absolutely wrong if he believes that the CJ (or his impeachment) is the real issue here.

This move against Corona was initiated by Malacañang mid-December last year. While I maintain that the whole scenario is part of the Aquinorroyo moro-moro, my analysis has expanded as other events have fallen into place.

With the many things transpiring around Syria and Iran, along with the angry exchanges between the US and Russia over missile defense, coupled with Obama’s refocusing of his country’s presence in the Asia-Pacific through his buildup of 2,500 US Marines in Australia (incurring the ire of China and Indonesia), I saw a number of things that fit into the jigsaw puzzle.

First, we have the moves of BS Aquino III in assaulting the SC (with veiled threats that the Senate and Vice President would follow). Second, there is this recent shift in his national military policy from “counter-insurgency” to “territorial defense.” Third, there is this order by BS Aquino of a squadron of F-16s, which Hillary Clinton seems all too willing to provide. All these amount to none other than a US-BSA III dictatorship in the making — no different from that of Cory’s revolutionary government.

For sure, Gloria Arroyo is merely a scapegoat. The rest of her cohorts, who are now in cahoots with the BS Aquino regime, are allowed to run free. We need to name only a few to establish this point: Speaker of the House Sonny Belmonte, who is an erstwhile Arroyo enforcer; his protégé Jojo Ochoa, who sits at the right hand of BS Aquino lording over all today; the corporatist gofers in various Cabinet and regulatory agency posts (such as Rene Almendras in Energy) protecting their corporate bosses in the privatized public utilities, who have successfully kept all the anomalous profit-gouging under cover. Oh, should we forget Arroyo veteran and even bigger “corporat” Cesar Purisima, who enforces the diktats of the US and the multilateral finance mafia? Of course, he’s just part of the Hyatt 10 caboodle, all Arroyo veterans now serving under the new “useful idiot.”

Enter Corona, a specimen of the old regime and what do we have? A perfect “red herring,” that’s what.

The term, which originated in Britain, was coined when “British fugitives in the 1800s would rub a herring across their trail, thereby diverting the bloodhounds that were hot in pursuit…” In this case, Corona is an ideal “red herring,” especially after he was appointed by Arroyo under the controversial but arguably legal “midnight” clock. As for those comments of his against the masses of Edsa III, well, they are now ready ammunition against him.

But come to think of it, how many in the coterie of BS Aquino today are not exactly like Corona? The Hyatt 10, for one, sneered upon Edsa III; the SC justices seemingly favored by the current dispensation, such as Carpio or Sereno, moved against the populist causes being espoused by the masses, with the latter even expressing her contempt for “consumers” and its advocates in her ponente favoring Meralco and the Energy Regulatory Commission. Now that they are raising issues left and right against Corona, beginning with his plush condo, let’s see if they or their boss are faultless in that department!

Bono Adaza likes to quote this Arab saying: “Fool me once, shame on you; fool me twice, shame on me.” The tactics and strategies in building up this new dictatorship in the country under the guise of an “incorruptible” has been sold to the Filipino once before and left a bitter legacy.

Cory Aquino was given revolutionary powers that allowed her to wipe out all elected officials, erase economic and public protection provisions, and ensure the potential of successful US-backed coups by enshrining the Praetorian principle in the Constitution.

This time around, the US wants a dictator to push this nation to become a bait for a conflict in the South China Sea against a large nation that has never conquered any lands outside its coasts in millenniums past — a neighbor that, moreover, has only offered trade, roads, bridges, trains, and other infrastructure loans in a hand of friendship in recent times. These facts, notwithstanding, the US will again have its “useful idiot” acquire dictatorial powers to destroy this country for the nth time.

These are the reasons that should compel us to see this “red herring” of Malacañang and oppose its goosesteps toward the Second Yellow Reich (and a Reichstag fire-burning of the Batasan). We should shake out of their hypnotized state those “sheeple” mesmerized by mainstream media and the ruling class’ survey outfits. We should take action now to stop this useful idiot’s drive toward autocracy.

(Tune in to Sulo ng Pilipino/Radyo OpinYon, Monday to Friday, 5 to 6 p.m. on 1098AM; Talk News TV with HTL, Saturday, 8:15 to 9 p.m., with replay at 11 p.m., on GNN, Destiny Cable Channel 8; visit http://newkatipunero.blogspot.com for our articles plus TV and radio archives)

Friday, December 30, 2011

Year-ender II: Economic-political bondage

CONSUMERS DEMAND!
Herman Tiu Laurel
12/26/2011-1/1/2012



In part one of our year-ender, we discussed the role of the oligarchy in dragging our economy down. We pointed out how various Big Business oligarchs engage in the piracy of the nation’s public utilities and infrastructure assets or projects, then later use these to plunder the nation. We also touched on the way they are doing this in cahoots with elements of the international financial mafia. Just think of the MRT deal between the Ayalas-Sobrepeñas-Agustines with Goldman Sachs that cost $800 million of government bank money to repurchase--only to be privatized again. And that’s just one of the many examples.

In this “Year-ender II,” we will focus on the conspiracy between the local ruling elite with the Western financial overlords to swindle our economy through perpetual debt bondage. First, let us underscore the fact that despite $76 billion in Gross International Reserves (GIR) sitting in the Bangko Sentral ng Pilipinas (BSP), enough to pay off our entire $60-billion foreign debt, annual debt service still eats up P800 million of our budget. Besides this, another anomaly lies in the dormant Special Deposit Account (SDA) of government, amounting to at least P1.7 trillion, which is supposed to fund domestic development.

However, despite all the financial resources now available to us, the BSP has even scheduled $4 billion in new borrowings for 2012. The situation is so distressing that even conservative business and academic sectors have now called for the wipe-out of our debt to finance our own development.

On the subject of the SDA, Marvin Fausto, president of the Trust Officers Association of the Philippines, said on Nov. 3, “(The money parked in SDA facilities) should instead be channeled to funding needs, like in infrastructure projects. We need investments. (The money in SDAs) is enough to spur (further) growth.” Victor Abola, senior economist at the University of Asia and the Pacific, whom I seldom agree with but do in this case, also said that SDAs are a “waste of resources” and the “BSP should lower interest rates for SDAs to free up more funds, from the present 4 percent to 3 percent.”

As for the country’s international reserves, we have an Oct. 12 report from Abigail Ho about what one of our more enlightened political leaders said: “Binay urges gov’t to use gross int’l reserves for dev’t projects…" Vice president Jejomar Binay is urging the national government to tap its $75-billion gross international reserves to fund development projects and open the door to more local public borrowing. In a speech before members of the Philippine Chamber of Commerce and Industry on Wednesday, he said the country’s large GIR would be a viable source of funds for projects that would promote social and economic development. ‘If the national government could be persuaded to utilize its large gross international reserves… for its development projects, the (public-private partnership) could open up in various areas, giving a big boost to business activity nationwide… This could also shift the source of public borrowing from foreign financial institutions to the central bank, which could save the government from the rise and fall of the US dollar.’

“’I will ask (PCCI) to join me in asking the President to consider using our large dollar reserve for development, and to confine public borrowing to local sources… According to the Bureau of the Treasury, 58 percent, or P2.736 trillion, of the country’s total outstanding debt was secured from domestic lenders… The country’s foreign currency debt, which accounted for 42 percent of the total, stood at P2.01 trillion, booked in US dollar, euro, and yen.’”

You see, while we seek to get rid of our foreign debt, the domestic debt we can live with for a while--one problem at a time. Ultimately, I am for nationalizing all banking functions as all credit is backed up by the people’s taxes anyway; but Vice-President Binay’s position is already the maximum that one can hope for under the present situation, which would be a game changer for the Philippine economy. With an immediate medium-term turnaround that can be expected from such an action, the Philippines will surge ahead in Asean within five years.

How important is it to break free of debt? Argentina experienced a dramatic reversal of fortunes since its debt default in 2001 to become one of the most dynamic economies in Latin America, with growth rates that have averaged 8.5% from 2003 to 2010 (way above the –14% it sustained after defaulting in 2002).

Although we don’t need to default, we just have to substantially pay off our debt and invest in our own development projects without borrowing any further. For sure, this will push Philippine growth rates beyond what Argentina had achieved.

It is thus imperative that we begin pump priming our economy as export and OFW markets dwindle in the crisis-stricken world. Already, projection for the Philippines’ 2012 GDP (Gross Domestic Product) is a dismal 5%, a far cry from the rosy projection of 7% and above, while World Bank estimate of 4.2% for 2011 varies from government’s projection of 7 to 8%.

Sadly, we are kept at this worse-than-expected level of economic growth due to the total lack of economic and financial independence (or imagination) of Malacañang and its finance managers.

As 2011 ends and 2012 begins, we call on our readers to join our nationalist economic movement in clamoring for a militant national financial and economic policy that junks economic bondage to regain our financial sovereignty and independence. Let us free our nation so that we can plan our own economy according to the needs of the people, as well as our collective vision of prosperity and stability.

Keep following Dyaryo OpinYon and it economic section to keep abreast of this struggle, in order to bring about the glory of the Philippine economy as it had in the 1950s--when the Filipino First Policy guided the nation toward the beginning of industrialization and economic sovereignty.

(Tune in to Sulo ng Pilipino/Radyo OpinYon, Monday to Friday, 5 to 6 p.m. on 1098AM; Talk News TV with HTL, Saturday, 8:15 to 9 p.m., with replay at 11 p.m., on GNN, Destiny Cable Channel 8; visit http://newkatipunero.blogspot.com for our articles plus TV and radio archives)