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Archive for August 30th, 2007

Aug 30 2007

Post-Revolutionary Scenario: 48 Hours

48 Hours

Immediately after the seizure of power, the revolutionary forces should secure all vital installations of the State. A revolutionary spokesman should announce on television, the state of the nation’s affairs and the short-term plans of the revolution. While these are on-going, a representative of the movement should be communicating with different foreign emissaries, assuring them that peace and order will be restored within 48 hours.

After this, revolutionary forces should arrest and detain all known anti-revolutionary forces. Leaders of these forces should be neutralized immediately, either through detention or if they resist, through execution. The Center of power should be beefed up with APC’s and tanks.

The Council of State should be immediately established and shown on television, so that people will be assured and calmed at the same time. They should be protected at all costs by the revolutionary forces.

The structure of the Council of State should be composed of sympathetic and enlightened members of the revolutionary movement, specialists on their own respective fields. There should be at least twelve specialists involved in the Council of State.

Council member in Political Affairs—he will handle all local government units. Anti-revolutionary local executives should be replaced immediately and thrown into detention. Others will be allowed to administer the LGU.

Council in Foreign Affairs–he will represent the State before foreign dignitaries. He will also administer various consulates and ambassadorial posts abroad. He will handle DFA.

Council on Labor and Employment–he will represent the State before capitalists and labor groups and inform them on the goals of the revolution.

Council on Defense–he will serve as the head of all members of the NAFP and NPNP. He will undertake all campaigns against all anti-revolutionary forces.

Council on Economic Growth and Development–he will handle DTI and its subsidiaries, and serve as the representative of the State before big capitalists and foreign investors.

Council on Finance—he will handle the finance department and the Central Bank and ensure the continued operation of the stock and money markets as well as ensure the stability of all government financial assets.

Council on Education–he will handle DECS and ensure the continued operation of all educational units and ensure that all classes continue.

Council on Technology–he will handle all tech and communications facilities and units

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Aug 30 2007

The True State of Gloria’s Mind

Gloria lost her temper yesterday. She was announcing some good news before the media when a reporter asked her if it’s true. Gloria got slightly peeved. She asked the reporter if she has’nt seen the wave of infrastructure projects all around her. Gloria even asked the reporter if she has’nt read news stories on the entry of various foreign companies investing in the country.

I don’t disagree with Gloria. Neither do I blame the reporter for asking that kind of question. They are actually speaking from different directions.

For Gloria, she knows that the economy is really on the rise for several reasons: First, the influx of MNC’s setting shop in the Philippines. Recently, a global call center company setup shop in Batangas. There are others which recently established their subsidiaries in Makati, Ortigas and Cebu.

Second, government is awash with cash. Gloria has signed several agreements for infrastructure development, one of them the highly controversial and anomalous ZTE contract. This is due to the collection of taxes, brought by E-VAT.

Lastly, both the stock and money markets have not been entirely affected by the brewing financial crisis in the States. The stock market remains stable and the FX market continues to have balance.

These things are indicative of an improving economy. However, what economists question about Gloria’s pronouncements are the following: First, the economy is slowly being totally dependent on foreign portfolio capital. As any Tom, Dick & Harry knows, portfolio capital is unstable. Sustainability depends on many factors, one of them, political stability. Second, obviously government’s tax collection remains huge because of E-VAT and other taxes being imposed heavily on the population. And third, the Philippine economy remains stable despite the brewing US crisis, not because it has good economic fundamentals. Its because of the continued influx of OFW remittances which stabilize the fundamentals.

The reporter asked that kind of question because probably, her family is not enjoying the fruits of economic growth. With a measly monthly pay of 12,000, who would not balk at such a pronouncement?

Suggestions to GMA:

Gloria should undertake a charm offensive to inculcate into the minds of people that what she’s telling them is the truth. She should release her dogs bearing good news to everybody. She must also use her intelligence funds to fund advertisements and commercials harping on this fact.

Gloria should also stop the war in Mindanao. This is to preserve the gains of her administration. War would dissipate whatever economic development we have reaped so far. War is costly, and being an economist, Gloria should be sensitive about costs.

Lastly, Gloria should fire her publicists and information specialists. They are doing her a disservice because such pronouncements need some sort of “pre-buzz” campaign before the actual pronouncement. They did’nt do their homework. That’s why she’s now suffering the blunt of negative comments about her pronouncements.

Gloria have a very short period of time to do these things. If she fails to do this, she risks the wrath of the people and possible ouster from power prior to 2010.

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