Thursday, June 24, 2021

Thank you, PNoy Aquino, RIP

RIP, former President Benigno "Noynoy" C. Aquino III, aka "PNoy."

I voted for you in the 2010 elections because when you were a Congressman and Senator, you introduced very few new bills, few new legislation and national coercion.

I have some criticisms of your policies but overall I supported your admin in 2010-2016, you brought down the public debt/GDP ratio big time, 52% in 2009 under Gloria, to 42% by 2016. Because you resisted heavy borrowings (numerator) while encouraging the GDP to expand fast (denominator). You're cool, man. Even if I am no "Yellow", then and now, I remain colorless.

The budget deficit during your term was lowest compared to previous and current administration. You understood fiscal restraint and responsibility.

I also think you performed better than your mother former President Cory Aquino.

In the power sector, Cory (upon the advice of her officials and supporters) killed Bataan Nuclear Power Plant with zero alternative, just candles for the poor and gensets for the rich during horrible blackouts of 1990-91 nationwide.

Under PNoy, installed capacity in 2013 (meaning power plants approved until 2010 first half, Gloria’s term) was only 17,325 MW. By 2019 (power plants approved until 2016 first half, PNoy term) was 25,531 MW, 8,200 MW increase in just 6 years. It was during PNoy term that daily “Earth hours” in Mindanao, many hours blackout per day, ended with many big power plants approved, built, and commissioned in Mindanao.

Hats off, PNoy. The President of more power, more lights.

I like this meme, nice. Former Senator Ninoy Aquino, former President Cory Aquino, hugging their son...

You did well as President, as ex-President.

Thank you, PNoy, peaceful journey.

See also:
Fat Free Econ 55: The President's 5th SONA and Market-Oriented Reforms, August 01, 2014 
BWorld 13, SONA's liberalism, five years after, July 28, 2015 
BWorld 61, 100 indicators better than GDP, June 03, 2016
Thank you, Former President Aquino, June 30, 2016
Rise in PH public debt stock by administration, October 30, 2018.

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