Have you guys heard of the report by the Philippine Center for Investigative Journalism (PCIJ) about GMA’s “unexplainable” increase in net worth? The report provided GMA’s net worth when she was still a senator, and compared it against her net worth now. According to the report, her net worth did not just doubled, not just tripled but multiplied 2000-fold! But hey, I won’t be dwelling on that fact (it is a fact). I want to dwell on how PCIJ and some congressmen played their cards. They are saying that GMA’s unexplainable wealth should be subject to investigation because of the following (well, among others):
- At a salary of [I can’t remember but I think it’s in the 50K area], the President cannot acquire much wealth.
- Even if the President has investments in the stock market, she cannot amass such wealth because of the recession.
I say… that PCIJ and the congressmen who made this assessment are either of two things:
- Stupid, just plain stupid.
- Or committing a moral crime of trying to deceive the people by manipulating information for their own benefit.
Either way, I hate them. One – Buffett, Gates, Jobs, or Villar, Tan, Sy, and even Velarde did not become multimillionaires because they are salaried employees… Oh, no, they are not salaried employees at all! So, for PCIJ and some congressmen to assert that GMA’s wealth should be investigated because her salary as a President cannot explain it is just so ridiculously funny and absurd. Why? Well, of course the salary won’t explain it. According to the GMA’s spokesperson, GMA has other sources of income. Which brings me to the next item…
Two – The President has investments in the stock market, hence, the increase in net worth. These same people are saying that with the recession we are experiencing, it’s really unlikely that anyone would profit from the stock market. Again, please refer to items 1 and 2 I mentioned above. Why? I am a PolSci graduate, a trying-hard writer, basically a nobody in this world. BUT I know that there is such a thing short-selling in the stock market, dividends from blue chips, and rallies from time to time. The President, on the other hand, has a PhD in economics, has been a Trade secretary before, and, I am very sure, has exposure in the market for years already. I am quite sure she can make decisions that can give her huge profit in the stock market. Yes, even and specially during a recession. I am not taking away the possibility that GMA’s net worth could have been augmented by means that may not be morally acceptable, but my point is really not about or against that. I just hate the fact that people criticize GMA and try to gain the people’s trust by deceiving them.
Did they really think GMA (or any previous presidents) has only one source of income (which is their salary as president)? And did they really think a PhD in Econ, an economic analyst, a former trade secretary cannot gain profit in the stock market during a recession? Stupid.
Here I go again dude! Let me just say that this article has all the signs of impartiality.
First, we all know that public officials should be subjected to investigations, especially if the wealth is unexplained and you are in a third world corrupt country such as Phils. PCIJ is smart enough to do its job without fear. Isn’t it that is what “CHECK AND BALANCE” is all about?
Second,your argument that businessmen like Gates, Jobs, Tan and Sy who are not salaried etc. IS NOT STRONG ENOUGH to support that a person such as GMA could be successful in a business venture like stocks especially in times of crisis. There are thousands of failed business geniuses who filed for bankruptcy and/or reduced their profits mainly because we are in deep shit! Not even short-sale and especially dividends could make you money in times like this. That is a fact! Who cares if she has a Phd in Eco.
Third, PCIJ is not in a critic business, they are investigative journalists who were brave enough to lay their ass on the line to expose issues such as this. Eventually its people or readers will decide and criticize, NOT THEM.
Fourth, you are in no position to say “stupid” if you are an aspiring writer, especially if it is your article that is STUPID. Why? Because I, as a reader don’t know what the fuck you are trying to prove or point out for that matter! Haven’t you heard about Mikey and Mr Arroyos corruption issues? What the fuck!
Lastly, your are saying that PCIJ and congressmen are committing a moral crime? Manipulating information for their own benefit? Are you fuckin serious?! How can you say that?! I didn’t read anything to support that statement. Turn 180 degrees and focus your attention to GMA! You are barking at the wrong tree.
If you don’t agree with me fine, maybe you have the time enough to refer to your number 1 above because that is what this article is all about. Stupid.
Hi, Walter.
Political Science 101 (and this is for free):
1. The idea of a “third world” country is a thing of the past. You don’t use that word anymore.
2. “CHECK AND BALANCE” is a principle used between branches of government, not sectors of society.
Use your highfalutin words (or so you think) sparingly. :-)
PS, English 101:
it’s not “barking at the wrong tree.” Google it.
about that recession. if you’re trading in stocks you can make money even with a bearish market.
Hi PAPI (Pretentious and Prof wannabee Individual)
1. I’d rather pay my $120,000 student loan than listen to your stupid ideas.
2. Anderson Cooper of CNN just used “third world” two weeks ago in his news report about Afghanistan.
3. You’re claiming to be a PolSci grad, are you really sure about your number 2? Please tell me what school did you go.
4. Check your complex sentences.You might wanna rearrange it, before you give free lessons you fucking idiot!!!!
5. This is not about me. It is all about your stupid work so, focus on the argument.
6. Napaka-bobo mo!!!!!
1. I’d rather pay my $120,000 student loan than listen to your stupid ideas.
–i know, walter, i know. and i also know it is not your fault if you keep on coming back here. it’s probably the fault of your 120K-worth of education…
ow.. and check this page (https://papiforpresident.wordpress.com/who-is-papi/). i am not a polsci grad, nor i claim to be one. :-)
Check your number Two- above. Fifth sentence
“Why? I am a PolSci graduate, a trying-hard writer, basically a nobody in this world.”
Now check this! Mr. Liar
“ow.. and check this page (https://papiforpresident.wordpress.com/who-is-papi/). i am not a polsci grad, nor i claim to be one. :-)”
I’ll say it again. This is not about me, focus on the issue and answer based on the issue. Asshole!
Get your facts straight Mr. PolSci grad and TH writer. Now tell me, saan ka nag-aral ng college?
holy shite. you got me there. alright, i am not just a polsci grad. i am just trying to be modest. i have a phd in political economy and honoris causa in international relations from kyoto and nanyang, respectively. i am also currently enrolled in johns hopkins specializing in nephrology and infectious diseases. would you like me to send you documentations for your satisfaction?
again, i know it is not your fault if you keep on coming back here… you should sue your alma mater. where did you get your 120K education, by the way?
Too late. I got you already Mr. Liar. You have no credibility.