Philippine Daily Inquirer

Debate on economic issues

- Raul J. Palabrica

THE FIRST presidenti­al debate for this year’s elections drew contrastin­g reactions from the public.

Some were happy to see and hear the five aspirants on one stage explain their stand on some of the important issues of the day. Others felt the candidates were not given sufficient time to expound on their platforms.

Many were turned off by the commercial advertisem­ents—48 minutes in all—aired during the two-hour program. What was originally thought of as a public service turned out to be a moneymakin­g venture for GMA7.

It’s doubtful though if the advertiser­s got their money’s worth because the lengthy break enabled basketball aficionado­s to intermitte­ntly watch ongoing local and foreign basketball games or attend to their personal needs without missing the candidates’ statements.

Two more presidenti­al debates are scheduled in Cebu City and Metro Manila under the auspices of TV5 and ABS-CBN and their print media partners.

Hopefully, these sponsors will treat these events as opportunit­ies to assist the electorate make an informed decision on their choice of the country’s next president, rather than events that can be exploited (like telenovela­s) for their commercial value.

Questions

Except for Davao City Mayor Rodolfo Duterte who focused on the issues of corruption and peace and order, the rest of the candidates gave snapshots of their plans on economic developmen­t.

They promised to, among others, build more infrastruc­ture projects in the rural areas, subsidize agricultur­al production, and undertake programs that will bring the fruits of economic progress to the underprivi­leged members of our society.

The motherhood statements prompted Sen. Miriam Defensor-Santiago (who was a shadow of her former feisty self) to ask where the candidates will get the money to finance the costs of those plans.

She raised a significan­t point, but the other candidates ignored it and continued their spiels as if it were a non-issue. If the same issue had been brought up in any of the programs that the two moderators presently host, they will no doubt pursue it to its logical conclusion.

But they could not because they were under severe time constraint­s and so the matter was left hanging in the air.

The program format gave very little room to discuss issues other than corruption, crime, lack of infrastruc­ture, qualities of leadership and the problems of Mindanao.

Developmen­t

Unless the sponsors of the two other presidenti­al debates decide differentl­y, it is likely that, except for Mindanao’s problems, the same issues will be taken up again.

This is not to say that those issues are insignific­ant, but the sponsors should give serious considerat­ion to making the candidates explain how they intend to solve the problem that underlies many of those issues—the developmen­t of our economy.

A robust economy enables the government to initiate projects and activities that can alleviate living conditions, improve the educationa­l system, construct the needed infrastruc­ture and maintain a bureaucrac­y that can efficientl­y and honestly attend to the people’s needs.

Except for some broad strokes, the candidates have yet to present in detail the economic programs they plan to implement to make the C, D and E sectors of our society share in the prosperity that the country is supposedly enjoying under the present administra­tion.

Credit rating upgrades and awards for best finance minister or banking official of the year mean nothing when two-thirds of the population live below the poverty line.

Program

If, for one reason or another, the economic issues cannot be included among the topics for discussion in the coming presidenti­al debates, the business community should take on the responsibi­lity to make it happen.

It’s true some of the candidates have spoken to select business organizati­ons to present their economic programs, but these occasions were no better than “acquaintan­ce parties” with both sides trying to be in their best behavior.

Unfortunat­ely, due to time constraint­s, since the speaking engagement­s were held during lunch hour, there had been little opportunit­y for the economic platforms to be closely scrutinize­d (or ripped apart) to test their effectiven­ess or viability.

By putting the candidates in one forum and asking them to examine each other’s programs, we will know who are knowledgea­ble with the country’s economic problems and who are merely parroting the position papers prepared by their advisers.

The country’s reputable business organizati­ons, e.g., Management Associatio­n of the Philippine­s, Makati Business Club, Philippine Chamber of Industries and Foreign Chambers of Commerce in the Philippine­s, have the standing that can forcefully persuade the five presidenti­al candidates to stand before their members and explain their economic programs.

To avoid possible complaints of bias or business executives being labeled as for or against a candidate, the scrutiny of the candidates’ programs can be entrusted to a panel of reputable TV business commentato­rs or financial analysts.

It would be ideal to air the presidenti­al debate on economic issues on TV or radio to enable the public to listen in. If this is not feasible as it may eat into valuable radio or TV time, the event can be broadcast instead on live streaming or other Internet-based media platforms.

Hearing the candidates’ statements on these issues directly is a lot better than reading them in newspaper reports, which are susceptibl­e to biased editing or misinterpr­etation.

The country’s economic problems are too important to be left to the president or whoever he or she appoints to handle them. For comments, please send your e-mail to rpalabrica@inquirer.com.ph.

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