Huwad na Bayani: The DAP, the GDP and Aquino

In 2007 the Gross Domestic Product growth rate was a globally envied high 6.62%. In 2008 (which was when the Global Economic Crisis and financial slump, from which the world economy—specially the euro zone, Japan and the US--has still not completely recovered) our GDP growth rate was 4.15% while others had minus or single-digit growth rates. In 2009, when the crisis did affect us, our GDP rate was 1.15%, but this was still good compared to the negative rate of other countries including our richer neighbors.

In 2010, our GDP growth rate was a whopping 7.63%.  President Aquino was already in power for six months at the end of 2010. But this astounding GDP growth rate was the result of the work done by President Arroyo and her administration’s economic managers.