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  1. #1

    Economists back Noynoy Aquino

    The Leader We Need

    We believe the failure of governance is the main obstacle to the country’s long-run economic growth and ability to respond to the people’s most urgent needs.

    The failure of governance – the inability to enforce an adherence to the demands of law and the lack of will to uphold the people’s lawful demands – is everywhere evident. It is seen, among others, in unchecked grand corruption, the cynical and self-serving nature of many public appointments, the disregard for the letter and the spirit of constitutional rule, the failure to control crime and violence from private armed groups, and the pervasive culture of pride and impunity displayed by many who hold public office.

    Of all these, however, the spread of large-scale corruption has had the most pernicious and far-reaching economic consequences. Corruption has sapped the government’s ability to collect the proper taxes, franchises, and royalties. It has distorted government’s spending priorities, perverted our statutes and regulatory decisions to favor vested interests, and dispensed privileges to the undeserving but well-connected. As a result, neither government nor private business has invested anywhere near sufficient amounts in physical infrastructure, research, education, and health-care in order to create jobs and to reduce poverty. Government fails to invest for lack of resources and will. Private businesses – both foreign and Filipino – fail to invest for lack of trust that the rules will be fairly and predictably applied.

    Low growth, high poverty, big public deficits, and deep public cynicism are the bitter fruits of failed governance and weakened institutions.

    The call for a higher standard of public ethics, therefore, is not some abstract moral preference – it is an imperative for survival and development.

    This year’s presidential election can be a defining moment in our history, our economy, and our daily lives if our people can rally around a program to sweep away years of corruption, wasteful spending, patronage, and mismanagement under an administration that has shown itself tolerant of such practices.
    We believe that among the presidential candidates, Senator Benigno Simeon “Noynoy” Aquino III represents the best hope for such a change.

    Beyond mere words, his character and record speak of a steadfast dedication to effective, honest, and accountable leadership.
    He is dedicated to positively transforming the way we see and deal with government.
    From creating jobs to reducing the gap between the rich and poor; from protecting Filipinos working abroad to raising the country’s profile as a major investment area for the world; from working for lasting peace to firmly enforcing the law, Senator Aquino’s vision of governance based on ethical principles, a firm and fair application of the law, and a responsiveness to the people’s priorities is what our polity and economy urgently need.
    It is time the Philippines once more had a leader who embodies the spirit of heroism and integrity we share as Filipinos. We are convinced that Sen. Noynoy Aquino is that leader.

    Signatories of the Statement from the Economic Agenda Team of Noynoy Aquino:

    Michael Alba, former Dean, College of Economics and Business, De La Salle University

    Fernando Aldaba, former Chairperson, Department of Economics, Ateneo de Manila University

    Filomeno Sta. Ana III, Coordinator, Action for Economic Reforms

    List of economists who support the statement (NCR):

    1. Cayetano Paderanga Ph.D.
    2. Raul Fabella Ph.D.
    3. Myrna Austria Ph.D.
    4. Edita Tan Ph.D.
    5. Vicente Paqueo Ph.D.
    6. Teresa Jayme-Ho Ph.D.
    7. Germelino Bautista Ph.D.
    8. Ma. Socorro Gochoco-Bautista Ph.D.
    9. Gilberto Llanto Ph.D.
    10. Erlinda Medalla Ph.D.
    11. Gwedolyn Tecson Ph.D.
    12. Ernesto Pernia Ph.D.
    13. Leonardo Lanzona Jr. Ph.D.
    14. Fidelina Natividad Carlos Ph.D.
    15. Carlos Bautista Ph.D.
    16. Edsel Beja, Jr. Ph.D.
    17. Emmanuel Esguerra Ph. D
    18. Ruperto Majuca Ph.D.
    19. Melanie Milo Ph.D.
    20. Jose Ramon Albert Ph.D.
    21. Rhoelano Briones Ph.D.
    22. Rafaelita M. Aldaba Ph.D.
    23. Rosalina Tan Ph.D.
    24. Danilo Israel Ph.D.
    25. Rouselle Lavado Ph.D.
    26. Gerardo Largoza Ph.D.
    27. Stella Quimbo Ph.D.
    28. Ma. Joy Abrenica Ph.D.
    29. Eduardo Gonzalez Ph.D.
    30. Danilo Venida
    31. Allan Borreo
    32. Alexander Narciso
    33. Meldin Al. G. Roy
    34. Jessica Cantos-Reyes
    35. Joseph Francia
    36. Emilio Neri Jr.
    37. Cristina Bautista
    38. Philip Arnold Tuano
    39. Romelia Neri
    40. Reuel Hermoso
    41. Joselito Sescon
    42. Marilou Perez
    43. Paulo Jose Mutuc
    44. Sarah Grace See
    45. Ramon Fernan III
    46. Ernest Leung


    ==============

    sabi ng mga pandak/gibobo fanatics and paid hacks, mga walang utak daw ang sumusuporta kay Noynoy.

    kaya pala from big time businessmen to economists, they all support Noynoy.


  2. #2
    im an economist but im not supporting aquino iii

  3. #3
    mahadera me mahadera's Avatar
    Join Date
    Feb 2010
    Location
    here without you

    economists o Hyatt 10?

    well malaking pakinabang ng hyatt ten if noynoy get elected.
    same old faces parin ang magpapatakbo sa Pilipinas...

    anyway kahit senate alam ang incompetence ni Noynoy;
    http://pepperyhot.blogspot.com/2010/...id-na-ako.html

  4. #4
    anong Hyatt 10? baka Hayup 10.

  5. #5
    Quote Originally Posted by Ernestina View Post
    sabi ng mga pandak/gibobo fanatics and paid hacks, mga walang utak daw ang sumusuporta kay Noynoy.

    kaya pala from big time businessmen to economists, they all support Noynoy.

    tama ka ernestina kaya lang alam mo ba ang tunay na rason kung bakit nila susuportahan si *****?

    madali kasi nila mabobola at mauutakan si abnoynoy.

  6. #6
    got balls sargo's Avatar
    Join Date
    Jun 2009
    Location
    --> @SargoSays
    Quote Originally Posted by Ernestina View Post
    The Leader We Need

    We believe the failure of governance is the main obstacle to the country’s long-run economic growth and ability to respond to the people’s most urgent needs.

    The failure of governance – the inability to enforce an adherence to the demands of law and the lack of will to uphold the people’s lawful demands – is everywhere evident. It is seen, among others, in unchecked grand corruption, the cynical and self-serving nature of many public appointments, the disregard for the letter and the spirit of constitutional rule, the failure to control crime and violence from private armed groups, and the pervasive culture of pride and impunity displayed by many who hold public office.

    Of all these, however, the spread of large-scale corruption has had the most pernicious and far-reaching economic consequences. Corruption has sapped the government’s ability to collect the proper taxes, franchises, and royalties. It has distorted government’s spending priorities, perverted our statutes and regulatory decisions to favor vested interests, and dispensed privileges to the undeserving but well-connected. As a result, neither government nor private business has invested anywhere near sufficient amounts in physical infrastructure, research, education, and health-care in order to create jobs and to reduce poverty. Government fails to invest for lack of resources and will. Private businesses – both foreign and Filipino – fail to invest for lack of trust that the rules will be fairly and predictably applied.

    Low growth, high poverty, big public deficits, and deep public cynicism are the bitter fruits of failed governance and weakened institutions.

    The call for a higher standard of public ethics, therefore, is not some abstract moral preference – it is an imperative for survival and development.

    This year’s presidential election can be a defining moment in our history, our economy, and our daily lives if our people can rally around a program to sweep away years of corruption, wasteful spending, patronage, and mismanagement under an administration that has shown itself tolerant of such practices.
    We believe that among the presidential candidates, Senator Benigno Simeon “Noynoy” Aquino III represents the best hope for such a change.

    Beyond mere words, his character and record speak of a steadfast dedication to effective, honest, and accountable leadership.
    He is dedicated to positively transforming the way we see and deal with government.
    From creating jobs to reducing the gap between the rich and poor; from protecting Filipinos working abroad to raising the country’s profile as a major investment area for the world; from working for lasting peace to firmly enforcing the law, Senator Aquino’s vision of governance based on ethical principles, a firm and fair application of the law, and a responsiveness to the people’s priorities is what our polity and economy urgently need.
    It is time the Philippines once more had a leader who embodies the spirit of heroism and integrity we share as Filipinos. We are convinced that Sen. Noynoy Aquino is that leader.

    Signatories of the Statement from the Economic Agenda Team of Noynoy Aquino:

    Michael Alba, former Dean, College of Economics and Business, De La Salle University

    Fernando Aldaba, former Chairperson, Department of Economics, Ateneo de Manila University

    Filomeno Sta. Ana III, Coordinator, Action for Economic Reforms

    List of economists who support the statement (NCR):

    1. Cayetano Paderanga Ph.D.
    2. Raul Fabella Ph.D.
    3. Myrna Austria Ph.D.
    4. Edita Tan Ph.D.
    5. Vicente Paqueo Ph.D.
    6. Teresa Jayme-Ho Ph.D.
    7. Germelino Bautista Ph.D.
    8. Ma. Socorro Gochoco-Bautista Ph.D.
    9. Gilberto Llanto Ph.D.
    10. Erlinda Medalla Ph.D.
    11. Gwedolyn Tecson Ph.D.
    12. Ernesto Pernia Ph.D.
    13. Leonardo Lanzona Jr. Ph.D.
    14. Fidelina Natividad Carlos Ph.D.
    15. Carlos Bautista Ph.D.
    16. Edsel Beja, Jr. Ph.D.
    17. Emmanuel Esguerra Ph. D
    18. Ruperto Majuca Ph.D.
    19. Melanie Milo Ph.D.
    20. Jose Ramon Albert Ph.D.
    21. Rhoelano Briones Ph.D.
    22. Rafaelita M. Aldaba Ph.D.
    23. Rosalina Tan Ph.D.
    24. Danilo Israel Ph.D.
    25. Rouselle Lavado Ph.D.
    26. Gerardo Largoza Ph.D.
    27. Stella Quimbo Ph.D.
    28. Ma. Joy Abrenica Ph.D.
    29. Eduardo Gonzalez Ph.D.
    30. Danilo Venida
    31. Allan Borreo
    32. Alexander Narciso
    33. Meldin Al. G. Roy
    34. Jessica Cantos-Reyes
    35. Joseph Francia
    36. Emilio Neri Jr.
    37. Cristina Bautista
    38. Philip Arnold Tuano
    39. Romelia Neri
    40. Reuel Hermoso
    41. Joselito Sescon
    42. Marilou Perez
    43. Paulo Jose Mutuc
    44. Sarah Grace See
    45. Ramon Fernan III
    46. Ernest Leung


    ==============

    sabi ng mga pandak/gibobo fanatics and paid hacks, mga walang utak daw ang sumusuporta kay Noynoy.

    kaya pala from big time businessmen to economists, they all support Noynoy.

    the issue really is will power, doing what is right and for the greater good and good governance. we have the resources and we have all the laws we need, we just don't have the right leaders. that is what aquino stands for.

    The call for a higher standard of public ethics, therefore, is not some abstract moral preference – it is an imperative for survival and development.

  7. #7
    i-quote daw at replyan ang sarili...

  8. #8
    Quote Originally Posted by happyjam View Post
    anong Hyatt 10? baka Hayup 10.
    9 nalang sila..Patay na yung isa diba.

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  10. #9
    Wow! I see a lot of names from UPd School of Econ..

    I know about this. I'm currently in Dr. Paderanga's Econ 121 class, Monetary Economics. It's only rational for them to support Noy Noy because he's the only economist among the candidates. The policies that would be passed by noy noy would really be based on economic theories.

    Backing up my statement through the amazing theories...
    According to one of the probabalistic voting models, voters consider three things in choosing a candidate: policy pronouncement, ideological bias and popularity.

    I think the second factor is big for them.

    [I still wear my Gibo bracelet in class though.. He doesn't really mind it.. Hahaha!]

  11. #10
    Quote Originally Posted by vladimir_archer View Post
    im an economist but im not supporting aquino iii
    fine.

    ikaw na ang ekonomista....

    at si villar na ang tunay na mahirap.


    bwahahaha!

  12. #11
    Quote Originally Posted by happyjam View Post
    anong Hyatt 10? baka Hayup 10.
    hindi ba yung mga magnanakaw, mandaraya at sinungaling ang mga hayop?

    Future House Speaker and Prime Minister Gloria Macapagal-Arroyo Fan Thread
    http://www.pinoyexchange.com/forums/...d.php?t=431019


  13. #12
    Hindi totoong si Noynoy ang sinusuportahan ng mga economists. Guess who?



    ‘CUTE ECONOMIST’
    Arroyo tops RP Presidents on economy—UA&P


    By Vincent Cabreza
    Inquirer Northern Luzon
    First Posted 03:20:00 05/16/2009

    MANILA, Philippines—Which of the Philippines’ most recent Presidents succeeded in strengthening the economy and has the chance of having his or her economic legacy appreciated by future generations?

    Will it be the “the lawyer, the housewife, the general, the actor or the cute economist?”

    President Gloria Macapagal-Arroyo, the cute economist, is the winner, according to economists from the University of Asia and the Pacific (UA&P) at a briefing hosted by the Bank of Commerce in Baguio City last Thursday.
    Each President’s performance was assessed in the context of the historical environment in which they ruled, said UA&P professor Emilio Antonio Jr., who is also president of the Center for Research and Communication Foundation.

    Ms Arroyo, who has often said that she would want to be remembered for her contributions to the economy, may well be right, gauging by the relatively good health of businesses in northern Luzon, according to economist Ramon Quesada, former director of the UA&P School of Economics.

    Economy moves

    Antonio said it was during Ms Arroyo’s watch that the Philippine economy “definitely moved on” after the crisis of the martial law years.

    According to Antonio, Ms Arroyo should be credited for the Philippines’ improved income and spending balance and manageable inflation rate.

    This was a turnaround for the country after it was “brought to great heights and then great depths” by the “lawyer,” the late dictator Ferdinand Marcos, in the 1970s, Antonio said.

    The “housewife,” President Corazon Aquino, tried to restore the economy but did not succeed, Antonio said.

    ‘Lost to us’

    The “general,” former President Fidel Ramos, a hero of the first EDSA People Power Revolution, pursued industrialization but the 1980s and the 1990s—when he and Aquino took power— should “already be considered lost to us” because these decades saw a dramatic financial decline for the country, said Antonio.

    The “actor,” ousted President Joseph Estrada who was convicted for plunder, won election a year after the 1997 Asian financial crisis which brought havoc to world trade, he said.

    Antonio said the reforms, attributable to the Arroyo administration, “are probably the roots of the economy’s strong points.”

    He said the “blows from the global recession” did not knock out the country because of the reforms introduced in the aftermath of the Asian financial crisis.

    Tight watch on spending

    Antonio cited the fact that the country’s price environment has stabilized since after the time of Marcos.

    The inflation rate shot up to an average 14.3 percent during the martial law years, pulling up interest rates to 14.4 percent, according to a comparative chart drawn up by Antonio.

    The inflation rate tapered down to 9.8 percent during Aquino’s term, gradually declined to 8.2 percent under Ramos and 6.6 percent under Estrada, until it reached 5.5 percent today, equipping the economy with a moderate 7.7 percent interest rate, said Antonio.

    Consequently, the buying power of the average Filipino grew from 3.2 percent during the Marcos regime, to 4.1 percent under Aquino; stumbled to 3.9 percent under Ramos; restored to 4.1 percent under Estrada; and finally to 5.6 percent under Arroyo, he said.

    Doomsday

    The figures from the Marcos-to-Estrada years were the lessons that compelled Ms Arroyo to apply a tight watch on spending that allowed the country to earn three months’ worth of cash reserves this year, Antonio said.

    As for what is in store for the economy, Antonio said he foresees an “onslaught of doomsday pronouncements” because financial turmoil in the United States is not about to end.

    “Politicians who are positioning themselves for 2010 will insist that we are on the brink of a big economic disaster,” he said.

    According to Antonio, many economists subscribe to the conventional wisdom which states that when the US, a major trade partner, “sneezes, we catch pneumonia.”

    But he said an internal review of businesses in the country would reveal that the problem is an erosion of competitiveness, weak employment generation and the private sector’s unwillingness “to bet on ourselves.”

    “We should not blame the world,” he said.

    Remittances to shoot up

    Quesada said naysayers ignore the fact that the sustained remittances from overseas Filipino workers and Filipino migrants are expected to shoot up to P771 billion this year because of the improved peso-dollar exchange rate.

    Antonio noted that the Philippines never caught the “recession virus” because the country’s troubles are shaped by “perceptions and fears.”

    He said “asset markets remain jumpy due to bad sentiments [and] the effects of sentiments on spending and investment activities cannot be discounted.”

    “Keep your cool,” he said. “Don’t lose your focus on business possibilities.”

  14. #13
    Baja Moderator starczamora's Avatar
    Join Date
    Nov 2003
    Location
    Not today, Satan!
    Basta ang alam ko, tuwing nasa PEX si sargo lagi ring present si Ernestina. Parang officemates lang.

    Sulit siguro ang pasuweldo kapag naninira ano?

  15. #14
    some of these people have been my profs.

    pasensya na maams and sirs. no thank you, kayo na lang. salamat sa grades, though

    Quote Originally Posted by starczamora View Post
    Basta ang alam ko, tuwing nasa PEX si sargo lagi ring present si Ernestina. Parang officemates lang.

    Sulit siguro ang pasuweldo kapag naninira ano?
    $0.50/hour pa rin ba o tinaasan na? parang pam-fishballs lang kasi yan eh.

  16. #15
    Mike Alba was my professor in Micro. Nasa economic team na pala sya ni Noynoy ngayon. Glad to hear from him.

    Also, like neinsager, I know a bunch of names in that list.

  17. #16
    Quote Originally Posted by area1. View Post
    i-quote daw at replyan ang sarili...:lol
    Pano mo nalaman? baliw na nga yan...pati figures...mali mali...hahahahaha...eh yung isang name dyan..tindero sa UP..hahahahaha

  18. #17
    F1 Weltmëister schumi's Avatar
    Join Date
    Jun 2001
    Location
    Gland, Switzerland
    Dean Michael Alba and Dean Myrna Austria of DLSU supporting noy?

    oh noes...

    ay onga pala... youth votes nga naman pala kay gibo.

    Sana mauntog tong dalawang to.

  19. #18
    Although Dr. Austria and Dr. Alba are in favor of a candidate that I strongly dislike, I do not wish them ill. Hehehe.

  20. #19
    Oh Dr. Paderangga. I love you as a prof pero masyado ata ang pagmamahal mo sa mga Aquino hehehe

  21. #20

    Sugar-coated!!!

    Beyond mere words, his character and record speak of a steadfast dedication to effective, honest, and accountable leadership.
    He is dedicated to positively transforming the way we see and deal with government.
    From creating jobs to reducing the gap between the rich and poor; from protecting Filipinos working abroad to raising the country’s profile as a major investment area for the world; from working for lasting peace to firmly enforcing the law, Senator Aquino’s vision of governance based on ethical principles, a firm and fair application of the law, and a responsiveness to the people’s priorities is what our polity and economy urgently need.
    It is time the Philippines once more had a leader who embodies the spirit of heroism and integrity we share as Filipinos. We are convinced that Sen. Noynoy Aquino is that leader.
    character and record? nasaan yung mga yun?

    firmly enforcing the law? hello CARP...bakit hanggang ngayon HACIENDA LUISITA pa rin yan?

    Ayusin naman nila yung statement nila...sugar coated masyado!!! huwag masyadong magpahalata sa hidden agenda...educators pa man ding naturingan...

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