By Conrado de Quiros - Inquirer News Service Oct 07, 2004
I FIRST heard it at a meeting with Sixto Roxas and several other economic experts. The crisis staring the country in the face, they said, was not really a fiscal or financial one, it was a social one. Specifically, it had to do with hunger. That was what the figures were showing, and that was more and more likely to happen over the next several months. It wasn't just that the banks would go kaput, it was that the people would go hungry.
Well, the papers have just confirmed what they've known all this time. The good news is that hunger reached its highest peak not during Gloria Macapagal-Arroyo's term but Joseph Estrada's, or shortly after Estrada's. That was in March 2001, a couple of months after Estrada was overthrown, when the incidence of hunger reached 16.1 percent. Though that happened in President Arroyo's time, we may safely conclude it was still the product of Estrada's mismanagement, a euphemism for the mess he made of this country.
The bad news is that the second highest incidence of hunger happened during President Arroyo's time. The even worse news is that it happened two months into her second term. Hunger rose spectacularly. It did so as prices soared, putting food and other necessities beyond reach of the poor.
Read More - Philippine Daily Inquirer
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