As an economist, I have been rigorously studying the differential impacts of the varying potential outcomes of the 2010 national elections. I have come to the preliminary conclusion that a new mandate under an Aquino presidency would have the highest statistical probability of triggering a significant increase in the investment rate from the current 15% while the domestic savings available to fund it stands at 30%. The public sector can only do so up to 4% of GDP.. I estimate that an Aquino presidency would increase it instantly by 8% of GDP or almost P642bn incremental private investments in the first eighteen months. This would create an additional 642,000 jobs on top of the organic capacity of the economy for jobs creation.
~ Gov. Joey Salceda
To those who don't know who Gov. Joey Salceda is, he is an economist and was principally responsible for the economic growth during PGMAs 9 years in office.
Gov. Salceda is also the president of the Governors' League ...(entire Philippines)