About the recent credit upgrades

It's nice to see na nag-improve ng konti ang credit outlook natin, but it should never have become that low to begin with.

Do recall na most of the recent sunod-sunod na credit downgrades happened during Arroyo's time. Remember when she borrowed heavily overseas too to finance her re-election campaign, at dito lumobo ng todo ang utang natin at bumaba ang credit rating natin. She borrowed more than the previous 3 presidents combined (erap, cory, ramos).

And after she was proclaimed president, she announced that she would raise our taxes (which was not part of her election campaign pledges and most of the voters knew nothing about) para tayong mga taxpayers ang magbabayan sa campaign/cheating expenses niya noong 2004. Do recall na during the election campaign, she was bragging na our financial situation was great, so dapat iboto raw siya ulit. But after the elections, inamin niya na malala ang situation natin at baka maging Argentina tayo. Malaking panloloko ito ng admin at ng pro-arroyo media nila.

So with the overseas remittance coming in coupled with higher taxes, syempre may pera na naman ulit ang gobierno (para sa CHA CHA nila), but we filipinos have become much more poorer because of higher taxes na hindi na sana kailangan if Arroyo focused on the economy back in 2001 pa instead of going after the opposition (think Lacson, Roco, legarda) and focusing on her re-election in 04.