Misguided Nationalism (Part 1)
Speaker Sonny Belmonte will be remembered by posterity as the legislator who planted the seeds for the eventual triumph of authentic nationalism. As the realistic politician that he is, he has given up in trying to convince the Executive branch about the wisdom of amending the economic provisions in the Philippine Constitution that unreasonably restrict foreign direct investments. The election fever is already in the air and there are other priority concerns of the Government, especially to undo the great damage done by the inability of the Executive to implement vital infrastructure projects already funded by the budget, not to mention its lack of competence in rolling out numerous projects under the Public Private Partnership scheme. I agree that President Benigno Aquino III should completely focus on spending as much as possible on public works for the remaining months of his mandate so that we can bring back the economy on track at least at 7 percent GDP growth for the rest of the year and pave the way for an 8 percent growth in 2016 and beyond.