TRIBUNE EDITORIAL INEDIBLE CREDIT UPGRADE
Noynoy is indeed not passing up the chance to cackle about the upgrade, even referring to it in his Easter message, which makes one wonder if the Almighty has been replaced by the credit watchdogs. The investments grade level has been a major target of Noynoy, the reason for the huge cutbacks in spending during the first two years of his presidency that is a major reason for the still HIGH level of UNEMPLOYMENT despite the successive growth in the economy. The policy priority, thus, was skewed in FAVOR of foreign interest and AT THE EXPENSE of the greater Filipino interest.
Noynoy is indeed not passing up the chance to cackle about the upgrade, even referring to it in his Easter message, which makes one wonder if the Almighty has been replaced by the credit watchdogs. The investments grade level has been a major target of Noynoy, the reason for the huge cutbacks in spending during the first two years of his presidency that is a major reason for the still HIGH level of UNEMPLOYMENT despite the successive growth in the economy. The policy priority, thus, was skewed in FAVOR of foreign interest and AT THE EXPENSE of the greater Filipino interest.
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