7.5% GDP growth? dream on!

[gareb]

---

ABS-CBN Commentarist Ricky Carandang writes;

"Well I have news for you. There is no trickle down effect. The poor are not getting better off. In fact, their numbers are growing. And while many simply don’t care about such unpleasant realities, the fact of the matter is its not good enough.

Our economy is structured in such a way that virtually guarantees that the only people who will feel the 7.5 percent growth (�the highest in 20 years!�) are the upper 7.5 percent of the population who make the rules, selectively enforce them, and control the means to create wealth."


the PDI Editorial writes;

"Apparently, years of growth has not opened more jobs or created the kind of jobs that put a little more food on the table for millions of Filipino families. Ms Arroyo has to do a lot more to ensure that the benefits of growth trickle down to those who need them most."



ABS-CBN news;

"Those figures still need to be validated because they are very surprising," said Cayetano Paderangga, chairman of the Institute for Development and Econometric Analysis. He had expected the economy to grow by 6.3 percent in the second quarter.

One reporter asked Arroyo in the briefing on the validity of the the figures, after text messages circulated, questioning the shocking results.

"Are you saying that our statisticians are liars?," responded an irked Arroyo. "What about the infrastructure around you. Aren't they real?."



Manila Standard columnist, Connie Veneracion writes;

In the final analysis, can economic growth or recession be truly measured by GDP statistics prepared by a government that is bent on projecting an image of political and economic stability to attract elusive foreign investments? The unemployment rate, buying power of the peso, the stagnant income of the average Filipino family vis a vis the rising cost of basic commodities (how many times have the oil companies raised their prices during the last two months?) are all factors in determining whether or not we are experiencing a recession.

[marvin]

the rich becomes richer, and the poor becomes poorer,

[Zirv]

the best way to sum it up.

Why is the TAX collection down?

when the GDP is growing 7.5%

[athlon XP-M]

Go Philippines.... 7,8,9 GDP

[Dorothea]

Heck! I don't even know what GDP means (and I'm too lazy to google it)...LOL...that must be why I'm still poor.

[lestat1116]

gma is only thinking short term plans. she should think long term plans.

[akosabni]

how much is our minimum wage, again?

[thadzonline]

those numbers dont matter if people dont feel its effects

[mata_hari]

"There are three kinds of lies: lies, damned lies, and statistics. "

-benjamin disraeli-

Like other occult techniques of divination, the statistical method has a private jargon deliberately contrived to obscure its methods from non-practitioners.

[baron]

If this is not real, I don't see any reason why would the Wall Street Journal devote its headline news on us, reporting on our improved economic growth. If this is just artificial, the international community won't mind. But then, the international community seemed to be looking on us on this positive trend.

A manipulation cannot be possible since it is the international community who’s behind this administration. I don't think we can easily influence the international community, if not for the real economic growth we are experiencing.