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Friday, August 12, 2022

Syndicates running circles around the President

It is more fun criticizing

Some Usec made a big mistake of usurping the power of the Chief Executive to sign a resolution ordering massive importation of sugar despite claims of planters that harvest will be at the end of August, and that we have to have stability in food production (not to mention precious foreign exchange0  There is a persistent rumor that in most government departments, there are certain syndicates that are left unnoticed or untouched despite change of Presidency

And that for food importation, which damages most of our farmers, importation is teh easy way out and that permits are had for princely sums.   

We were glad that the grand scam was caught and that the future stocks of sugar miller and farmers are protected.    

Are we turning into a welfare state

It is more fun criticizing

There are simply too many laws being passed as "ayuda" subsidy, salary increases that one wonders how these can be funded.  The answer was made clear as Duterte left his tenure leaving behind twice the level of debt as when he came in.

This was the reason why Sri Lanka and Venenzuela ended in hyper inflation as in Venenzuela, and bankruptcy in the case of Sri Lanka.   And the ensuing political and social  undrest.

This post hopes the legislature and the economic team become circumspect in leading the country towards fiscal and economic stability









Monday, August 8, 2022

PNP reverses thrust on vs drug

It is more fun criticizing

The new PNP chief Azurin has mellowed the PNP approach on fighting illegal drugs.  No more war on drugs as is was under Duterte.  One wonders if this is in accordance with PBBM guiidance and  his pronouncement that he will continue war vs drugs by PDU30.  Has this anything to do with threat of
investigation by ICC






Producers can not keep prices of prime commodities high forever; it will contract the economy and their sales

It is more fun criticizing

Petron profits at P7.7 billion

We are complaining about high prices of prime commodities -  fuel, energy, food and others.  For most of them as in the case of an energy  company doubling its profits this can be done only briefly -  it is unsustainable

High prices will reduce the purchasing power of consumers (assuming  household income is constant) and recession may set in.   It is like shooting our foot.

So every one patience and businessmen, more discernment



Complaint vs rutted roads

It is more fun criticizing

It is being reported that many roads,, mostly asphalt roads are rutted.  Moonscape has again landed on earth,  The constant unabated rains has contributed to this.  There are many complaints

We can wait  for weather to be better so that repairs can be undertaken

A little patience is needed