Things you need to know before idolizing marcos

**TopEngine** · June 18th, 2014 11:44 AM

nagmahal ang kuryente
nagmahal ang gasolina
nagmahal ang rice
nagmahal ang bawang
nagmahal ang sibuyas
nagmahal ang pamasahe
nagmahal matrikula
nagmahal mga bilihin.......

aba mahal na mahal kayo ni Penoy hindi nyo halata?

...got from fb

**niky** · June 18th, 2014 12:09 PM

Originally Posted by TopEngine

nagmahal ang kuryente
nagmahal ang gasolina
nagmahal ang rice
nagmahal ang bawang
nagmahal ang sibuyas
nagmahal ang pamasahe
nagmahal matrikula
nagmahal mga bilihin.......

aba mahal na mahal kayo ni Penoy hindi nyo halata?

...got from fb

Find me a single country where inflation doesn't occur. Go ahead.

And find me any term from any previous presidency wherein inflation even remotely approached the levels it did during the Marcos era?

Here's a tip, you can't.

And here's an infographic... based on publicly available information...

Oh... I'm sorry. FB is a more reliable source, is it?

**shadow** · June 18th, 2014 12:19 PM

Originally Posted by TopEngine

nagmahal ang kuryente
nagmahal ang gasolina
nagmahal ang rice
nagmahal ang bawang
nagmahal ang sibuyas
nagmahal ang pamasahe
nagmahal matrikula
nagmahal mga bilihin.......

aba mahal na mahal kayo ni Penoy hindi nyo halata?

...got from fb

Jejemon na nag piso net sa kanto nag post niyan sa FB

Sent from my iPad using Tsikot Car Forums

#retzing

**niky** · June 18th, 2014 12:50 PM

Originally Posted by shadow

Jejemon na nag piso net sa kanto nag post niyan sa FB

Sent from my iPad using Tsikot Car Forums

#retzing

Funny thing, also... the reason tuition fees are going up?

Because we're paying teachers what they're worth now.

Back in my days in College, a teacher made minimum wage.

Then the government got serious about education. They increased teacher salaries in public schools (back then it was minimum wage or just above it) by around 30% (from minimum wage to around 8k, if I recall right)... a lot of schools lost teachers to public schools.

Now? Public school teachers get about 18-20k pesos a month. That's twice minimum, and more than my wife made as a specialist when she finished her last contract ten years ago. If private schools don't charge as much as they do, they can't compete with public schools for good teachers.

Education costs money. Before UP was authorized to lease its huge tracts of land to commercial tenants to bolster its income, Congress paid about half of each student's tuition... And even now, with the extra income, UP charges a lot more than it used to. Ateneo and La Salle manage to provide good education because they're not taxed, they rake in tons of income through charity donations AND they have high tuition fees.

Wanna play? Gotta pay. Don't like high tuitions? Go to cheaper schools and accept that your piso won't get you as good an education as elsewhere.

All because teachers have to eat, and eating costs money.

**lowslowbenz** · June 18th, 2014 01:27 PM

More popcorn?

Too shorty

**glenn_duke** · June 18th, 2014 01:29 PM

Its really hard to match the inflation during the early martial law years when it coincided with the world oil embargo that saw the price of crude oil shoots up from under $20/barrel (25 yrs avg) to more than $70/barrel. It was only in 1985 that the crude oil price went below $25/barrel. Minimum wage at that time is below P40/day. Compared that to 2007 when the oil crude price climb up again above $70/barrel where the minimum wage is already around P350/day.

**niky** · June 18th, 2014 10:12 PM

Originally Posted by glenn_duke

Its really hard to match the inflation during the early martial law years when it coincided with the world oil embargo that saw the price of crude oil shoots up from under $20/barrel (25 yrs avg) to more than $70/barrel. It was only in 1985 that the crude oil price went below $25/barrel. Minimum wage at that time is below P40/day. Compared that to 2007 when the oil crude price climb up again above $70/barrel where the minimum wage is already around P350/day.

Do note that while inflation was partly due to the embargo, the dollar exchange rate freefall was directly due to the toxic debt incurred by the administration of the time.

I do agree, however, that the Cory administration should have used those assets purchased by those debts. Shame, really... but what do you expect of a government headed by a housewife and littered with the cronies and military opportunists of the previous administration? But even using those, it would have been a long and difficult recovery.

And remember... if Marcos had stayed in power, our credibility with our creditors and ability to restructure debts would have still been much less. He had to go, either way.

**ClaNker** · June 19th, 2014 08:37 AM

Originally Posted by niky

Do note that while inflation was partly due to the embargo, the dollar exchange rate freefall was directly due to the toxic debt incurred by the administration of the time.

I do agree, however, that the Cory administration should have used those assets purchased by those debts. Shame, really... but what do you expect of a government headed by a housewife and littered with the cronies and military opportunists of the previous administration? But even using those, it would have been a long and difficult recovery.

And remember... if Marcos had stayed in power, our credibility with our creditors and ability to restructure debts would have still been much less. He had to go, either way.

Recovery during the Cory administration proved difficult by the coups.

That's clear between the conversation of Lee Kwan Yew and Marcos that he needs to find a successor. And it gotten worst, he got Aquino assassinated.

**MrQ5** · June 19th, 2014 11:44 AM

at di nagtayo ng planta ng kuryente sa panahon ni cory, pero ipinasara bataan nuclear power plant(BNPP) na sana'y makatutugon sa demand ng kuryente sa panahon nya. kaya sa panahon ni fvr, ayon palugi na deal ng nangyari sa mga IPP, tapos bayad utang pa sa BNPP. hangga ngayon di pa makahulagpos sa problema ng kuryente sa tindi ng utang ng BNPP at pagbebenta ng NAPOCOR sa mga kumikitang kumpanya like Natl Transmission Company NTC, suggestions ng mga expert noon ibenta as a whole ang NAPOCOR kasama yung mga hindi syado kumikita o liabilities na pagaari ng NAPOCOR. Ayon ang naiwan yung mga barge power plant at mga ilan na kailangan ng matinding rehabilitasyon. sayang NTC.

**TopEngine** · June 19th, 2014 12:12 PM

Originally Posted by niky

Do note that while inflation was partly due to the embargo, the dollar exchange rate freefall was directly due to the toxic debt incurred by the administration of the time.

I do agree, however, that the Cory administration should have used those assets purchased by those debts. Shame, really... but what do you expect of a government headed by a housewife and littered with the cronies and military opportunists of the previous administration? But even using those, it would have been a long and difficult recovery.

And remember... if Marcos had stayed in power, our credibility with our creditors and ability to restructure debts would have still been much less. He had to go, either way.

Now you agree.

Cory administration has all the power in her time. She could just continue/use those projects. Utilizing those projects could either produce long-term profit, or not, after all, the debts are still there. Not using those projects doesn't mean the interest of the debt or the debt itself stops. So, it is sensible to just utilize them.

Originally Posted by clanker

Recovery during the Cory administration proved difficult by the coups.

That's clear between the conversation of Lee Kwan Yew and Marcos that he needs to find a successor. And it gotten worst, he got Aquino assassinated.

The Aquino family knows actually who's the mastermind of Ninoy's assassination. They make used of this big LIE to have the sympathy of the 2% population. Anyway, this should be a different topic to debate with.