WI:Joseph Ejercito-Estrada finishes his term as President of the Philippines

Erap was a good president, it was during his time that many foreign investments were made and progress started to happen, I actually experienced that, a lot of those businesses also fizzled out in the Administration of Gloria.

Erap planned to eliminate the Abu Sayaff and MILF, I wonder how would he pulled that out.
 

Yuelang

Banned
Just arrange some events that Female Littlefinger... err.. Gloria Macapagal Arroyo to be dead or discredited before 2001.

We all knew she was the one who fabricate the corruption charges against Estrada, and plunge Philiphine economy into utter ruin. And she has the gall to act as if she was sick to garner sympathy when she is about to be arrested.
 
I dont know were you all getting your stats/facts from that the economy was better under Erap than during's GMA's time.

Or the mere fact that foreign investments didnt start during Eraps time.
 
Erap would have done as his successors did when it came to the south: ignored it till it became too obvious, thereupon requesting help from America, as if we were never an independent country. They're all the same people with the same interests.

As for foreign investments, we'd have to have a stable government and working infrastructure. And that is definitely not happening under anyone after Marcos.
 
I dont know were you all getting your stats/facts from that the economy was better under Erap than during's GMA's time.

Or the mere fact that foreign investments didnt start during Eraps time.

Erap would have done as his successors did when it came to the south: ignored it till it became too obvious, thereupon requesting help from America, as if we were never an independent country. They're all the same people with the same interests.

As for foreign investments, we'd have to have a stable government and working infrastructure. And that is definitely not happening under anyone after Marcos.


Actually, the administration of Erap was quite stable which built upon what FVR did in his own term(which cause some businesses and foreign investments to spring up) and he had grand plans as well, Gloria was elitist compared to Erap who had the sympathy of the masses and her administration was unstable due to her own controversies, although the economy did quite recover in her term but not totally...
 
Actually, the administration of Erap was quite stable which built upon what FVR did in his own term(which cause some businesses and foreign investments to spring up) and he had grand plans as well,

Stable is different from a good president. Nor did foreign investment started during Eraps administration.

Post Edsa era, Erap had the lowest economic growth. Even if I go upto American period, Erap's presidency was the lowest economic growth among any president.

Which makes some of your OP false. I really cannot find which data you got this. In the economic growth terms, Erap was the worst president Philippines had.

I dont think he had great plans. He did have plans to make the country a Socialist conutry. Had he continued, our economic health would have been as healthy as Greece by the end of his presidency. Since that is how similar his plans were.

Gloria was elitist compared to Erap who had the sympathy of the masses and her administration was unstable due to her own controversies, although the economy did quite recover in her term but not totally...

Erap is as much as elitist as Gloria. The only difference is which group Erap favors. Elitism means favoring the few. It doesnt define which few. Because Erap has his own elite few.
 
Stable is different from a good president. Nor did foreign investment started during Eraps administration.

Post Edsa era, Erap had the lowest economic growth. Even if I go upto American period, Erap's presidency was the lowest economic growth among any president.

Which makes some of your OP false. I really cannot find which data you got this. In the economic growth terms, Erap was the worst president Philippines had.

I dont think he had great plans. He did have plans to make the country a Socialist conutry. Had he continued, our economic health would have been as healthy as Greece by the end of his presidency. Since that is how similar his plans were.



Erap is as much as elitist as Gloria. The only difference is which group Erap favors. Elitism means favoring the few. It doesnt define which few. Because Erap has his own elite few.

Yes, Erap was able to maintain the policies of FVR, the previous president, compared to Gloria, I did personally saw alot of local businesses and some that opened around the time of FVR and Erap close on Gloria's time, he was loved by the masses, although we seen the Call Center Industry start during Gloria's time.

Erap really loved the Philippines and he really improved the city of Manila as the mayor and he never stole anything from anyone, he was just framed up by a friend.
 
Butterfly away scandals like BW stocks inflation, Jueteng kickback acceptance, and owning several bank accounts under different names would have assured Joseph Estrada's survival as president until 2004 and would have achieved some of his pet reforms like removing constitutional restrictions on foreign equity ownership and in fact in OTL, it nearly achieved had Cory Aquino and the CBCP remain silent or fully support on that issue as there were already a consensus among economists and politicians to make constitutional reforms on economic provisions.

Estrada's economic team led by Benjamin Diokno, Jose Pardo, Rafael Buenaventura, and Leonor Briones was more market fundamentalist than the succeeding Arroyo one which was composed by mixed economic fundamentalists and populists like Mar Roxas (served under Estrada and Aquino II too), Gary Teves, Cesar Purisima (later serves as Finance Secretary under current Aquino II administration), Jose Isidro Camacho, Romulo Neri, and Amado Tetangco and Estrada's economic team was so gaga on constitutional reform on economic provisions while the Arroyo's one was silenced by larger political team which was mostly protectionist particularly Rigoberto Tiglao and that's the reason on why PGMA had never made removing constitutional restrictions on foreign investments as one of her priority though it was included in the proposal to revise the constitution by the Consultative Commission led by Jose Abueva in 2005.

Let go back with the OP's topic, another POD scenario, had the impeachment trial not been interrupted by prosecutors led by Loren Legarda and let the second envelope be opened, Joseph Estrada would have been acquitted but would be unpopular throughout his remaining term like his successor after Hello Garci scandal and certainly, his preferred successor that time, Edgardo Angara would be defeated by Gloria Macapagal-Arroyo, Raul Roco, or Renato de Villa with a convincing margin unlike in OTL and would assure political legitimacy for Erap's successor unlike PGMA in OTL throughout her entire presidency.
 
Yes, Erap was able to maintain the policies of FVR, the previous president, compared to Gloria, I did personally saw alot of local businesses and some that opened around the time of FVR and Erap close on Gloria's time, he was loved by the masses, although we seen the Call Center Industry start during Gloria's time.

Erap really loved the Philippines and he really improved the city of Manila as the mayor and he never stole anything from anyone, he was just framed up by a friend.

He was found guilty. We can all say every guilt party was framed up if make exemption with Eraps case.

Masses is different from his voters. Apparently, the Masses are above poverty and not the poor. His votes comes from the E class.

We will know if he actually was competent in Manila if he retains his Mayorship 2016 election.

Butterfly away scandals like BW stocks inflation, Jueteng kickback acceptance, and owning several bank accounts under different names would have assured Joseph Estrada's survival as president until 2004 and would have achieved some of his pet reforms like removing constitutional restrictions on foreign equity ownership and in fact in OTL, it nearly achieved had Cory Aquino and the CBCP remain silent or fully support on that issue as there were already a consensus among economists and politicians to make constitutional reforms on economic provisions.

Estrada's economic team led by Benjamin Diokno, Jose Pardo, Rafael Buenaventura, and Leonor Briones was more market fundamentalist than the succeeding Arroyo one which was composed by mixed economic fundamentalists and populists like Mar Roxas (served under Estrada and Aquino II too), Gary Teves, Cesar Purisima (later serves as Finance Secretary under current Aquino II administration), Jose Isidro Camacho, Romulo Neri, and Amado Tetangco and Estrada's economic team was so gaga on constitutional reform on economic provisions while the Arroyo's one was silenced by larger political team which was mostly protectionist particularly Rigoberto Tiglao and that's the reason on why PGMA had never made removing constitutional restrictions on foreign investments as one of her priority though it was included in the proposal to revise the constitution by the Consultative Commission led by Jose Abueva in 2005.

Apparently, 100% foreign investments are allowed in certain industries in the Philippines. FIA act, 1991.

The most recent industry allowing 100% ownership being, banks, RA 10641.

Of course, there are people who under the disguise of economic reforms want to tinker the whole constitution.

People forgot that Philippines Republic Act are like US constitutional amendments.

If people really want economic reforms, all they can do is ask their congressman/Senator to pass an RA to open up certain industries if not all industries rather than spend billions in changing the whole constitution.
 
Apparently, 100% foreign investments are allowed in certain industries in the Philippines. FIA act, 1991.

Sectors which have been allowed for 100% foreign equity ownership are those who haven't mentioned explicitly in the Article XII of the 1987 constitution. If someone wants to allow 100% foreign equity ownership in sectors which are currently restricted by the constitution, constitutional amendment is a must.

The most recent industry allowing 100% ownership being, banks, RA 10641.

But if you read the Section 3, Paragraph 3, it says that 60% of resources or assets of the entire banking system should be held by Filipino banks which are majority-owned by Filipinos. Therefore, there are no chances for foreign banks to dominate in Philippine banking system.

Of course, there are people who under the disguise of economic reforms want to tinker the whole constitution.

Because the constitution was crafted to suit the needs of the society at the time of the ratification and you need amendments in order for it to be relevant with times.

People forgot that Philippines Republic Act are like US constitutional amendments.

That's the reason on why Philippine laws are mostly irrelevant in our times because of rigidity to amend those.

If people really want economic reforms, all they can do is ask their congressman/Senator to pass an RA to open up certain industries if not all industries rather than spend billions in changing the whole constitution.

Opening up certain industries particularly services won't be enough to attract tens of billions of dollars of FDI inflows each year needed for the country to reduce unemployment and poverty. I want opening up on sectors like natural resources extraction, private lands, public utilities, education, advertising, and mass media which are expected to accept tens of billions of dollars of investments from abroad.
 
Sectors which have been allowed for 100% foreign equity ownership are those who haven't mentioned explicitly in the Article XII of the 1987 constitution. If someone wants to allow 100% foreign equity ownership in sectors which are currently restricted by the constitution, constitutional amendment is a must.

No, a foreigner can own 100% of stock.

But if you read the Section 3, Paragraph 3, it says that 60% of resources or assets of the entire banking system should be held by Filipino banks which are majority-owned by Filipinos. Therefore, there are no chances for foreign banks to dominate in Philippine banking system.

Which is not equal to voting stock. What you are stating can be non voting preferred shares.

Opening up certain industries particularly services won't be enough to attract tens of billions of dollars of FDI inflows each year needed for the country to reduce unemployment and poverty. I want opening up on sectors like natural resources extraction, private lands, public utilities, education, advertising, and mass media which are expected to accept tens of billions of dollars of investments from abroad.

The problem with unemployment is not related to poverty. If you look at the official stat, most unemployed are not even poverty. The funny thing is there are vacant jobs enough to fill the unemployed. The unemployed either didnt try hard to find that job, or didnt qualify for the job, or simply dislike starting from the bottom(dislike the job description, minimum wage salary).

Poverty is directly proportional individual's educational attainment based on official statistics. People in poverty are mostly employed but underemployed mostly coming from agriculture industry essentially the side effect of letting grade school drop outs run farms aka as Phils CARP/Agrarian reform.

essentially you are basing Philippine unemployment and poverty based on that all Philippine unemployed and those below poverty come from the same group and are very qualified, very skilled, hard working and highly educated, there are no vacant jobs, which is quite the opposite of the reality.

Having said that, this is about giving multiple opportunities, for those who least qualified, least educated, least hardworking getting Same amount of salary or work for least amount of effort with those that are highly qualified for the same job. Which foreign investor in their crazy mind would invest and risk their business on the least most qualified people in the Philippines?
 
Erap was innocent, it was not proven that he was guilty and the case was not resolved.

Sorry, Erap was found guilty of plunder by the ombudsman/sandiganbayan on on appeal. He was found innocent of perjury. This all ended up Gloria pardoning Erap.

If you want to look at how All out of war would have look like, UN had a report on this around 2005.

To sum it up, Erap and Angelo Reyes wasnt prepared for long drawn out war. They thought that once they got Camp Abubakar, the MILF would be gonners. but hey, multiple camps sprang up in Mindanao with accompanying terrorism and guerrilla warfare.

Of course you want to know where the money Erap used for the 6 month campaign, it was for the AFP modernization.

The only way Erap could have pursued this continuously was increase AFP budget and prepare for a decade war with MILF. But he didnt do that. No record stating he had plans to increase AFP budget greater than 2%-4% of GDP. All out war is for show. Because if all out war was for real, you would see a spike budget plan of increase in the AFP for 2000-2001.

Now assuming he did plan for a long all out war, he would have needed the money. That would require cancelling some of his pet projects at the expense of his popularity to those who expects those projects.
 
Sorry, Erap was found guilty of plunder by the ombudsman/sandiganbayan on on appeal. He was found innocent of perjury. This all ended up Gloria pardoning Erap.

If you want to look at how All out of war would have look like, UN had a report on this around 2005.

To sum it up, Erap and Angelo Reyes wasnt prepared for long drawn out war. They thought that once they got Camp Abubakar, the MILF would be gonners. but hey, multiple camps sprang up in Mindanao with accompanying terrorism and guerrilla warfare.

Of course you want to know where the money Erap used for the 6 month campaign, it was for the AFP modernization.

The only way Erap could have pursued this continuously was increase AFP budget and prepare for a decade war with MILF. But he didnt do that. No record stating he had plans to increase AFP budget greater than 2%-4% of GDP. All out war is for show. Because if all out war was for real, you would see a spike budget plan of increase in the AFP for 2000-2001.

Now assuming he did plan for a long all out war, he would have needed the money. That would require cancelling some of his pet projects at the expense of his popularity to those who expects those projects.
http://pcij.org/blog/2007/09/12/erap-conviction-a-political-decision

It depends on the view of the people, the supporters of Erap view him as innocent.

Angelo Reyes recently killed himself..
 
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