By Norman Bordadora, Nestor P. Burgos Jr., Inquirer Visayas Philippine Daily Inquirer
First Posted 06:22:00 02/24/2011
President Benigno Aquino III Wednesday disputed the claim of Sen. Ferdinand “Bongbong†Marcos Jr. that the Philippines could have become a prosperous country like Singapore had the latter’s father and namesake not been overthrown in 1986.MANILA, Philippines—President Benigno Aquino III Wednesday disputed the claim of Sen. Ferdinand “Bongbong†Marcos Jr. that the Philippines could have become a prosperous country like Singapore had the latter’s father and namesake not been overthrown in 1986.
“To those who are interested, look at how much the foreign debt was when his father started his administration. In 1974 or so, it only involved one hundred million. When they left, it already reached billions, a lot of billions,†Mr. Aquino told reporters after addressing students at Rizal High School in Pasig City on Youth Day.
“How could we have become like Singapore?†he said.
The event at the high school was part of the weeklong celebrations of the 25th anniversary of the EDSA People Power Revolution that toppled the Marcos regime and installed the President’s mother, the late Corazon Aquino, as the country’s leader on Feb. 25, 1986.
Mr. Aquino said a lot more could be said about the Marcos regime but it would go against the spirit of EDSA. “Perhaps, the most accurate statement there would be they had an opportunity to improve our economy,†Mr. Aquino said.
“But the result really was after, 14 years from 1972 to 1986, we were left behind by all others. And until now, we continue to still pay for the costs of (Marcos’) misrule,†he added.
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Topic: Aquino disputes Marcos son’s claim: Do the math (Read 1551 times)