GRPundit

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.