Ambrosio De Vera
24 Jan 2010

Re: More jobs without palakasan

Of course that’s simple and easy to explain, Mr. Ceralde.

If the US unemployment is 9%, the Phil. unemployment is 6% and if US is 8%, the Phil is 5%. Pogi points economics. Courtesy of our current breed of leaders and gov officials.

The Philippines will never have a recession like what’s going on in the US. Believe me. Because recession by economic definition is determined by figures and numbers. And we Filipinos are good at that… manipulation of numbers.

Besides no Philippine sitting President will ever admit that there is a recession under his/her watch.

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