BY BULATLAT Heightening the campaign to stop the use of the Social Security System (SSS) funds for the P330 billion economic stimulus package, groups held a nationally-coordinated petition signing and picket protests in front of the offices of the SSS in major cities and provinces today SSS Chief Romulo Neri earlier announced that P12.5 billion…
Tags: economic stimulus package
Despite P330-B Stimulus Package, Job Losses to Hit Around 1.2 M in 2009
Experts have described the recession as a “supercrisis”, which could be long and deep. Its impact on poor and underdeveloped economies like the Philippines is just starting to unfold. Obviously, emergency employment through a stimulus package as well as labor flexibilization and export will not do the trick. A total overhaul of the economy’s orientation…
Stimulus Package Mere Recycling, Misleading – Solons
Members of the House Committee on Economic Affairs grilled National Economic Development Agency (NEDA) Director General Ralph Recto over the P330-billion economic stimulus package at a hearing, February 4. The stimulus package, which is much touted by the Arroyo administration, turned out to be a mere repackaging of old programs. Bayan Muna Rep. Teddy Casiño called it a “simulation package”.
Too Little, Too Inconsequential, Too Late
The efforts of the Arroyo government to address the impact of the combination of the world economic crisis and the crisis of Philippine society are too little, too inconsequential, and too late. The extent of the crisis requires nothing less than a radical restructuring of the economy of the country; and only the Filipino people,…