
Originally Posted by
vipvip68
this is what Joey Salceda has to say about it... letter ni niya to his Ateneo yahoo group.
Many of my social democratic kindred with whom I worked with under CAPM and Bandila during the dark days of 1983-1986 are all working for him (Noynoy)- Chito Gascon, Butch Abad, Risa Hontiveros, Dinky Soliman. People I respected and became friends with in the Arroyo cabinet like Defense Secretary Nonong Cruz are also now with him. The only difference we had is that they gave up on PGMA but like Loida Nicolas Lewis, who also differed with her resigned sister, I did not since I always believed that an incumbent provided correct policy has the capacity to do good and to do well- and, thus, prompt positive consequences in the lives of ordinary people through the apparatus of the state and through the workings of the market economy.. Thus, I am happy to once again join Loida, whom always I looked up to, in this new journey to explore new horizons for Bicol.
As an economist, I have been rigorously studying the differential impacts of the varying potential outcomes of the 2010 national elections. I have come to the preliminary conclusion that a new mandate under an Aquino presidency would have the highest statistical probability of triggering a significant increase in the investment rate from the current 15% while the domestic savings available to fund it stands at 30%. The public sector can only do so up to 4% of GDP.. I estimate that an Aquino presidency would increase it instantly by 8% of GDP or almost P642bn incremental private investments in the first eighteen months. This would create an additional 642,000 jobs on top of the organic capacity of the economy for jobs creation.