Even though the latest survey shows the satisfaction ratings of President Benigno Aquino 3rd remaining stably good, we cannot disregard the fact that each survey the past several months has continuously showed a consistent slid down in the people’s approval of the President’s trust rating. The President is a just little more than halfway in his term and if nothing is done swiftly to reverse this trend of continuous downtrend movement, it is not far-fetched that his office may suffer the same fate as his predecessors. His continuous refusal to remove his own pork barrel showed the President’s stubbornness to stick to his wishes, despite the public clamor against it.
In Bali Indonesia for instance, during the Asia-Pacific Economic Cooperation (APEC) Summit, PNoy said something to the effect that “a one-term president can make unpopular decisions because he does not have to seek reelection.” Presumably, had there been a reelection, PNoy’s decisions, no matter how popular or unpopular it may be, could possibly be driven by political interest and not by popular concern. While the root of the problem may not directly involve the Executive Office, the fact that it was committed under his term illustrated the lack of control to such kind of reprehensible actions that is inimical to the common good.
It should be recalled that Gloria Arroyo when she ran for public office, she garnered an unprecedented number of votes and consistently topped the senatorial elections as well as the vice-presidential derby. As such, she was given the opportunity to become President after the EDSA 2 uprising, where President Joseph Estrada was ousted from power. Initially, she was getting high satisfaction ratings only to fall out of grace from the people that supported her, because of inadvertent circumstances under her rule. Arroyo, or GMA, as she was popularly referred to, was practically uttering the same words then that PNoy was saying now; for as long as she is doing what she thought was right for her government, she does not really care about the surveys. The same fate was suffered by the then-President Ferdinand Marcos. He refused to heed the call of the people for a stop to his abuse of power and unrelenting corruption under his rule, until it finally led to the unceremonious end of his 20-year dictatorial regime, and the rest was history; unless and until the administration of PNoy listen and accept the wishes of his so called “bosses,” we might experience yet again that proverbial statement that says “history repeats itself.”
The other nights’ “hastily” press conference called by the President in Malacañang was a good indication that he was receptive to the ongoing situations and pulse of the people. It was beside the point whether what he said was acceptable to the people or not, the point of the matter was; he was not about to let the situation go out of hand, lest he suffer the same fate of his predecessors. Surveys whether commissioned or not for as long that it has undergone a series of scientific processes is always a good indicator of its real intentions.
The President’s action could go either way as far as its effect in the stock market is concerned. Despite these series of mudslinging campaign from both sides of the political spectrum regarding the “pork barrel,” it has not affected a bit the trading status of the bourse, perhaps on the pretext that the market views this as mere part of political innuendo. But with the President coming out of his shell to prove or disprove all these allegations of pork misuse, the bourse can view this positively in the sense there is an assurance that what we have here is an honest President. On the other hand, his pronouncement may be viewed negatively on the pretext that there really is an extensive corruption that exists in the midst of all these growth that this country is experiencing.
We can only hope that this series of crisis, both political and natural, could be resolved immediately because the Filipino people will always be the losers in the end if the business front will turn cold.
Demand for real property
The ongoing perception that the country’s recent bout with that monstrous tremor that hit Bohol could negatively affect the demand for condominiums is a myth and if ever there is any, these people should be properly educated on aspects of structural engineering. In truth and in fact, the aftermath of the earthquake should bring about an increase demand for high-rise real properties like condominiums. Unlike low-rise structures that are expected to stand “earth-shaking movements,” yet they are the ones that suffer structural concerns in this kind of phenomenon. While high-rise edifices like condominiums and commercial buildings are the ones that stand the test of strength, because they are purposely made to stand such kind of nature’s enduring test.
In contrast to what has been earlier predicted by this column regarding the possible drop in the demand for condominiums, there is a possibility that a contrary may occur; the looming increase in the demand for real property because of these “earth-shaking movements.” People now are getting more conscious and have become “seismophobic,” because of these series of tremors and the belief that these could possibly happen in the urban centers. And the foremost thing in mind is for a shelter that will assure them of safety from these natural disasters. And the structural design of condominiums fit these requirements to a 10 (on a scale of 1-10; where 10 is the highest).
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