The Price of Bad Choices

On August 4, President Benigno S. Aquino III will mark his 400th day in office. During that time, he - or the subordinates he appointed to various positions - have made many dubious decisions, but two in particular stand out:

1. The decision (by him, on the advice of his Secretary of Finance) to cancel the contract for the Laguna Lake Rehabilitation Project, costing the government at least $10 million in financing penalties, and

2. The either appalling incompetence or equally-appalling corruption occurring at the Bureau of Customs (which is being directed by one of his earliest appointees, a former commissioner of a basketball league) leading to the disappearance of nearly 2,000 shipping containers of goods and costing the government about $85 million in potential tax revenue.

$95 million lost in 400 days. That's an average of $237,500 per day, or $9,895.83 for every hour Noynoy Aquino has been president, for just two bad decisions.

Comments

  1. ...truly giving me a headache.

    so it's true. everything can be quantified in numbers, and in this case, the collosal incompetence.

    thank you for enlightening us mr. kritz.

    ReplyDelete
  2. USD 95 million = PHP 4 billion

    this is pnoy's tuwid na daan in just over a year.

    that amount is just staggering. hell, even 10% of that is staggering!

    pnoy ought to be ashamed.

    ReplyDelete

Post a Comment

Popular this week

The Philippine government needs to take action against Leni Robredo! #LeniResign

Leni Robredo peddles fake "international opinion" about Duterte government

The idiot's guide to the media blitz against Philippine President Rodrigo Duterte

Here is why Filipinos should get behind the effort to impeach Leni Robredo...