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Fitch and S&P are threatening to downgrade their ratings on Philippine debt papers purportedly due to political uncertainties and the failed implementation of the expanded VAT. In so many words, the two rating agencies of this debt-ridden world are saying that Mrs. Gloria Macapagal Arroyo has lost their confidence. True-blue seguristas, Fitch and S&P are […]
MoreArchbishop Oscar Cruz and Bishops Deogracias Iñiguez, Antonio Tobias and Julio Labayen, would surely dissociate themselves with the pro-GMA statement of the Catholic Bishops Conference, and would rather minister to the growing movement to oust GMA. The weak, ineffectual statement was welcomed only by the weak, ineffectual GMA. The CBCP missed the point of the […]
MoreSome said that GMA bought herself some reprieve, perhaps even a second chance, by surviving the catastrophic events of Friday. Not really, because her political coffin has already been readied by a growing number of people and political forces who have since demanded her resignation. Right now, these forces are leaving it to her to […]
MoreThis is the new symbol or seal of the Philippine presidency. But a small correction. In the case of GMA, the title around the seal should read this way: Sagisag ng Pekeng Pangulo ng Pilipinas. Protest visual comes from the creative women of Gabriela. Photo courtesy of Arkibong Bayan
MoreToday’s chorus was spectacular: Former President Cory Aquino, the Makati Business Club, the Liberal Party and ten members of the Cabinet have joined the growing movement for Mrs. Arroyo’s resignation. Across the capital, rallies erupted in Welcome Rotunda, Ayala Avenue and elsewhere in order to celebrate the growing national consensus for a GMA-free presidency. The […]
MoreCory became president in defiance of the Marcos Constitution. She was catapulted to the presidency by a nationwide uprising now dubbed People Power 1 that rendered irrelevant the results of the snap elections. Through that revolt, Filipinos clearly expressed their direct political power as the supreme sovereign in our country. If not for this uprising, […]
MoreThe soon-to-be deposed Arroyo administration is suffering from an acute lack of rationality and respect to the intelligence of the Filipino as its sycophantic spinners are hard put controlling the widening damage wrought by the Gloriagate tapes. In the House, GMA’s equally-desperate partisans seem to have just the nearest cave when they speak about the […]
MoreAt the rate things are going, it would be prudent for GMA to quit now. If she relents tonight or tomorrow, the entire nation would be spared the sad spectacle of a plummeting peso and plunging stocks. If she gives up her kapit-tuko stance on the presidency, she would at the least reap some some […]
MoreMore than 500,000 folks have visited the TXTPower website since we first made available the scandalous Hello Garci ringtone. Filipinos continue to have fun with the now 27 remixes of Mrs. Gloria Macapagal Arroyo’s “a lapse of judgment”, a grossly inaccurate term she has used to describe no less than 16 calls she made to […]
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