Press Release
February 5, 2009

ON THE FILING OF RESOLUTION TO INVESTIGATE THE P 330 B STIMULUS PLAN

The Arroyo administration's refusal to divulge specific details of its so called "Economic Resiliency Plan" goes to show just how far GMA will go in using the global economic crisis as an excuse to divert much needed public funds into the Arroyo administration's political coffers.

The P330 billion plan is not only unclear but seemingly padded with non-existent expenses. The 40% tax breaks are actually already being implemented by our present laws. There is no guarantee of any transparency in the President's use of a large portion classified as discretionary funds.

Shrouded under the euphemism "Resiliency Plan," this economic stimulus is legalized fraud, a perfect scam to take advantage of the present economic crisis, whilst the Filipino people continue to suffer in silence. This plan is appalling and immoral.

Therefore I have filed today, the 5th of February 2009, a resolution to investigate the nefarious details of this dastardly scheme. A wolf in sheep's clothing, indeed

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