State of the Nation Address of Philippine President Gloria Macapagal-Arroyo

Today, marked the 8th State of the Nation Address (SONA)
of the Philippine President Gloria Macapagal-Arroyo which had
been always critiqued and noted to be one of those PROMISES THAT
accordingly, instead of helping
the poor Filipino people in pulling their lives, the SONA helps
the poor Filipino people became poorer and poorer.. 

Here’s a copy of her latest SONA..

(2nd Regular Session, 14th Congress of the Philippines )

Thank you, Speaker Nograles. Senate President Villar. Senators and Representatives. Vice President de Castro, President Ramos, Chief Justice Puno, members of the diplomatic corps, ladies and gentlemen:

I address you today at a crucial moment in world history.

Just a few months ago, we ended 2007 with the strongest economic growth in a generation. Inflation was low, the peso strong and a million new jobs were created. We were all looking to a better, brighter future.

Because tough choices were made, kumikilos na ang bayan sa wakas. Malapit na sana tayo sa pagbalanse ng budget. We were retiring debts in great amounts, reducing the drag on our country’s development, habang namumuhunan sa taong bayan.

Biglang-bigla, nabaligtad ang ekonomiya ng mundo. Ang pagtalon ng presyo ng langis at pagkain ay nagbunsod ng pandaigdigan krisis, the worst since the Great Depression and the end of World War II. Some blame speculators moving billions of dollars from subprime mortgages to commodities like fuel and food. Others point of the very real surge in demand as millions of Chinese and Indians move up to the middle class.

Read full SONA..

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