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  1. Join Date
    Jan 2004
    Posts
    6,497
    #91
    actually matagal ng may corruption dito sa PH, may nabasa nga ako na maaring nun panahon pa ng kastila, may term silang ginagamit sa pagbabayad ng pera sa mga friars para maka punta sa langit, pero nun panahon ni marcos naging grand scale ang corruption, gusto atang lampasan ni GMA at ni Erap

  2. Join Date
    Feb 2009
    Posts
    118
    #92
    could he be? :O

  3. Join Date
    Jun 2009
    Posts
    855
    #93
    Manuel Quezon for being a prophet. Sabi niya kasi, "I would rather have a country run like hell by Filipinos than a country run like heaven by Americans." Ayun, careful what you wish for, Mr. President.
    Last edited by JackFlash; February 7th, 2011 at 11:42 PM.

  4. Join Date
    Jan 2007
    Posts
    2,955
    #94
    Marcos cronies took over DMG Inc. without paying a cent. They were that powerful and greedy.

    http://rfc.guevent.ph/e107_plugins/f.../founder.php#4

    Shortly before the Martial Law, the Progressive Car Manufacturing Program (PCMP) was formed, and Volkswagen, along with Toyota, Ford, Chrysler and General Motors, was chosen to be among the participants.

    And so the Sakbayan, along with its bulkier truck counterpart, the Trakbayan, was produced under the PCMP. The program was aimed at closing the domestic automotive market to the importation of completely built-up (CBU) units. The government then selected five companies Volkswagen, Toyota, Ford, Chrysler and General Motors to participate.

    "The sad part is the all five companies lost money during that program," said Mr. Guevara. "There were two other companies Mercedes Benz and Renault who could not get in under PCMP. But during the time of Marcos they were allowed to bring in complete units without actually setting up the manufacturing and setting up manufacturing facilities required a lot of money."

    Mr. Guevara explained that the entry of tax free CBU's, which was contradictory to the very thrust of the PCMP (and which he openly called "rampant smuggling"), killed the local industry and rendered the program worthless.

    To make matters worse, the oil crisis in the early 1980's and the upsurge of interest rates added pressure on the business. The Guevara family could not turn to its other business, which included Radiowealth, Inc. and lending arm Radiowealth Finance, because these were likewise affected by the economic crunch.

    And so, like other companies at the time, DMG sought out government support. This move, however, brought ruin to the business, as DMG became vulnerable to the government's imminent take over.

    "When the economy started to falter, we tried to ask for government support, like the other companies. At the time, through some intermediaries, we were asked to negotiate with the Romualdezes in order for us to get some support. But Dad never agreed to the conditions. What he agreed to was that it had to be a buyout," said Mr. Guevara.

    Under the terms and conditions, a sum of P10 million was to be paid to the Guevara family as payment for DMG, Inc. After the turnover, the new owners were to manage the business and pay the sum in a succession of years.

    "Ten million pesos at that was a big amount. So we already turned over the company to Romualdezes, but we were not paid." He disclosed.

    Meanwhile, D.M. Guevara went into self-exile in the United States after the loss of DMG, Inc. He came home only after the ouster of Marcos.

  5. Join Date
    Apr 2007
    Posts
    2,452
    #95
    Quote Originally Posted by LexTer View Post
    may nabasa ako na actually kay macapagal nag start. kaya nanalo si marcos nuon kasi nga daw corrupt si dado.
    it could be true that macapagal was corrupt and that could be another factor kung bakit natalo sya. . .pero sabi ng lolo ko, 1965 presidential election pa lang daw e nakapandaya na si marcos. . .talented talaga


    Quote Originally Posted by JackFlash View Post
    Manuel Quezon for being a prophet. Sabi niya kasi, "I would rather have a country run like hell by Filipinos than a country run like heaven by Americans." Ayun, careful what you wish for, Mr. President.
    . . .malamang magbago isip ni quezon kung me chance syang makita ang resulta ng minimithi nya dati

  6. Join Date
    Jan 2004
    Posts
    6,497
    #96
    [QUOTE=vito corleone;1673509]it could be true that macapagal was corrupt and that could be another factor kung bakit natalo sya. . .pero sabi ng lolo ko, 1965 presidential election pa lang daw e nakapandaya na si marcos. . .talented talaga

    originally liberal party si marcos kaso hindi siya makapag hintay kaya lumipat siya sa nacionalista at kinalaban niya si macapagal, dati pa lang uso na ang balimbing, at kitang kita personal hindi public service ang priority niya

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