‘Revolutionary gov’t bad for Phl business’
The Foundation for Economic Freedom (FEF) has opposed the setting up of a revolutionary government in the country, arguing that this would be bad for business and the economy.
The group, composed of economists, former government officials and businessmen, warned of the negative implications it would bring to the country’s investment climate and overall economic progress.
“A declaration of a revolutionary government will be bad for business, bad for the economy, bad for the country,” FEF said in a statement yesterday, describing it as something that has no rules and in which uncertainty reigns.
But Defense Secretary Delfin Lorenzana denied yesterday that President Duterte plans on declaring such a government.
He also dismissed as baseless the claims that the President would declare it to fasttrack the shift to a federal form of government in the country.
Lorenzana added that the anti-government groups are just making up stories to create an issue against the current administration.
FEF warned that the country’s economic momentum would be stopped in its tracks because “nobody would want to invest or do business in a society without rules.”
“We call on the authorities to unequivocally dispel and disown all talk of a revolutionary government. Such talk, even from unofficial or from unauthorized sources, injects political uncertainty to our economic progress and will make investors hold off on investing in the country. Even existing investors will be penalized since customers may refuse to buy from a country source with much uncertainty,” its statement read.
For them, there is no justification, no matter how well intentioned it may be, for the establishment of a revolutionary government because it “serves no useful purpose and just scares away investors.”
“You’ve got your pews on either side. He just walked down the center aisle, turned around and my understanding was shooting on his way back out,” said Tackitt, who said the shooter also carried a handgun but that he didn’t know if it was fired.
Tackitt described the scene inside the church as “terrible.”
“It’s unbelievable to see children, men and women, laying there. Defenseless people,” Tackitt said. “I guess it was seeing the children that were killed. It’s one thing to see an adult, but to see a 5-year-old ...”
As he left, the shooter was confronted by an armed resident who “grabbed his rifle and engaged that suspect,” Martin said. A short time later, the suspect was found dead in his vehicle at the county line.