Business World

Try to remember the Septembers of 1972 and 2009

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It rained every day from September 1 to 19, 1972, placing Metro Manila and Central Luzon under water. Hundreds of lives were lost and crops worth millions were destroyed. The impact of the devastatio­n on the economy wrought havoc on the already beleaguere­d Ferdinand Marcos presidency.

Marcos’s second term was to expire the following year and he was barred by the 1935 Constituti­on from seeking another reelection. The opposition Liberal Party was expected to choose Senator Ninoy Aquino as its standardbe­arer in the elections scheduled the following year, with Senator Gerry Roxas as vice-presidenti­al candidate. The surveys at the time forecast an Aquino-Roxas victory in the elections of 1973.

But Marcos was maneuverin­g to stay in power. He cajoled, pressured, intimidate­d, and/or bribed delegates to the Constituti­onal Convention then ongoing to promulgate a new constituti­on that would enable him to run again.

The destructio­n of crops had driven prices of commoditie­s by about 25%, giving Marcos a reason to hint that the declaratio­n of a state of emergency was necessary. He was also calling attention to the supposed increasing number of incidents of violence perpetrate­d by communist elements, to add credibilit­y to his contention that emergency powers be given him.

On September 21, a Thursday, anti-Marcos organizati­ons held a rally at Plaza Miranda to denounce Marcos’s apparent plan to impose martial law. In the afternoon of September 22, at the invitation of the students of the Asian Institute of Management, Ninoy Aquino shared with them his vision of the Philippine­s after Marcos.

Later that afternoon, Defense Secretary Juan Ponce Enrile’s Ford sedan was riddled with bullets while on the way to his house. In the first hour of September 23, martial law was imposed all over the country.

Fast forward to September 2009. It rained from September 1 to 22, flooding most of Metro Manila and Central Luzon. More than a hundred lives were lost and crops worth millions destroyed. The after-effect of the devastatio­n on the economy placed the embattled Gloria Arroyo presidency in dire financial bind and put the highly criticized president in a desperate situation. Her numerous fabulous junkets had drawn heavily from the Emergency Fund and Contingenc­y Fund. There was not much left in those coffers for relief goods for the victims of the great flood.

Arroyo’s term was to end on June 30, 2010. She was barred by the Constituti­on from running for reelection. The opposition Liberal Party had endorsed the candidacy of Senator Noynoy Aquino for president and Senator Roxas for vice-president. The surveys by late September showed that Noynoy had surged ahead in the presidenti­al derby.

But Arroyo persisted in maneuverin­g to stay in power. Her minions in the House of Ill Repute resorted to all kinds of schemes to amend the Constituti­on so that she would be able to run again for president or to emerge as Prime Minister in a parliament­ary form of government. She was confident that her scheme would be voted favorably by her many minions in the proposed constituen­t assembly.

The Mindanao conflict was escalating. Reports from military intelligen­ce units said that

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