Friday, July 22, 2011

By Gonzalo “Jun” Policarpio


In the United States, two names are synonymous with the 2008 financial crisis, the largest and global Great Recession since the Great Depression of the 1930s: Fannie Mae(Federal National Mortgage Association) and Freddie Mac(Federal Home Mortgage Corporation).

In 1999, former democratic president Bill Clinton and the Democrat-controlled Congress turned these two big government-sponsored enterprises created to sell federally secured mortgages to homebuyers into a run away financial institutions lending mortgage money to jobless, credit less, and mendicant Americans who were mostly welfare recipients.

In 2002, Republican President George Bush tried to regulate the activities of Fannie Mae and Freddie Mac but the Democratic-controlled Congress under Sen. Christopher Dodd and Congressman Barney Frank stopped him by saying the two agencies were doing a great job that did not warrant a regulating agency under the Treasury Department.

Then Illinois Senator Barack Obama organized a community-based pressure group called ACORN(Association of Community Organizations for Reform Now) among the nation’s jobless and low-income families and launched a massive campaign to apply for low-interest sub-prime mortgages(no income and no credit check) from Fannie Mae and Freddie Mac. These on welfare and low-income constituency became Obama’s majority voters.

Like a person eating a rotting food, the private banks and other foreign investors who bought those federally secured low interest mortgages bundled as securities went bankrupt when the jobless and low income homeowners failed to pay their monthly amortizations. It was reported that some unscrupulous financial crooks presumably allied with the democrats artificially caused a meteoric rise in home prices. During the peak between 2005 and 2007, those jobless and low income homebuyers even obtained large amount of cash by applying for home equity and second mortgage loans. Those people became Obama’s voters.

When Obama became president, he bailed out the banks going bankrupt and other related financial institutions that fell victims to the mortgage racket such as the AIG. Obama used the American taxpayers’ money notably coming from the middle income and wealthy Americans. He can be said to be none other than a modern-day Robin Hood who stole the money of the middle income and rich Americans and gave it to the lazy, jobless and welfare dependent Americans.

Last year, Democratic Senator Dodd and Democratic Congressman Frank, the supposed to be principal culprits of the 2008 financial crisis in America, designed a legislation in 2010 called the Dodd-Frank Act that was signed by President Obama naturally. This terrible piece of legislation provides the largest conglomeration of financial regulations, rules, and procedures specifically aimed to prevent another 2008 financial debacle.

Here’s the moral of this story: If you cause it, fix it.

Here’s what actually has happened: President Obama and his Democratic minions incurred trillions of public debt in trying to cure the financial cancer they themselves caused. And so, we the American people, will suffer the consequences for several years to come unless the culprits surrender to justice.

Consider this report from the Congressional Budget Office: the highest spending level in 40 years occurred in 2009. In 2008 presidential elections, the American voters chose “a fox to guard the hen.” Let us not commit the same mistake next year, my countrymen.

Gonzalo “Jun” Policarpio
2008 Republican candidate for 5th District of Congress nominated by the Conservative Party

Thursday, July 14, 2011

By Gonzalo “Jun” Policarpio


When the Americans kidnapped the Filipino dictator Marcos and dumped him and his family to Hawaii instead of Paoay, Ilocos Norrte in the heat of the People Power Revolution in 1986, the Filipino people were denied the privilege of rendering judgment against a greedy and tyrannical ruler like what happened to Saddam Hussein and Nicolae Ceausescu who were both sentenced to die. Former president Joseph Estrada somehow underwent a prosecution and upon his conviction, a court of law sentenced him to life imprisonment.

Now we have another former “president” Gloria Macapagal Arroyo about to be prosecuted for multiple plunders, multiple graft and corruption cases, and multiple acts of bribery to rig the electoral system in 2004 and 2007. Let’s hope this time the Philippine judicial system would be able to try her and her cohorts in a court of law and render the appropriate decision for the sake of justice. If convicted, appropriate punishment should be imposed to discourage any other sitting or future presidents from stealing from, lying to, and cheating the poor idol-worshipping and gullible Filipino masses.

The Biblical saying, “there is nothing covered that shall not be revealed” still rules in this digital world. The first murderer, Cain, who killed his brother Abel, tried to cover his sin but failed. His brother’s blood came out from the ground.

A carpenter tried to put his wife’s dead body after killing her in a sawmill grinder to destroy any possible evidence but he still failed. An Asian American forensics expert was able to sort out the victim’s ground bones and used a DNA test for accurate identification. The murderer was appropriately punished.

Even a husband cannot lie to his wife because eventually, the wife gifted with the sixth sense will finally find out the truth. Let us learned this lesson.

These ever-expanding tribe of corrupt and evil Filipino government officials should learn their lessons, too. They cannot hide their evils forever.

Look what’s happening now. A crooked election official came out from hiding and recently told the press that he is ready to be a state witness and resurrect the dying “Hello Garci” cheating scandal during the 2004 presidential elections as well as the 2007 senatorial elections involving the Arroyos and their minions. This sudden turn of event must be an offshoot when another crooked politician, Zaldy Ampatuan, in exchange for his freedom offered to be a state witness against his father and other relatives charged of planning and executing the massacre of journalists and their political enemies in Maguindanao.

I believe it’s God’s Hand that is moving in order for justice to prevail. I’ll not question or try to understand why God does it according to His ways. I will just believe that God is a God of Justice and that’s enough for a man of simple faith.

Wednesday, July 06, 2011

By Gonzalo “Jun” Policarpio


The last hope to save the Philippines from poverty and corruption is turning out to be a dud. No fire and brimstone to fall on the evil and the looters of the people’s money dancing on the street like a throng of fools. Such is Noynoy Aquino, the “gameboy” president of the Philippines.

I did perceive the only son of former President Cory who kicked out the dictator from Malacanang and Ninoy who was killed by the dictator’s minions as the ultimate saving grace of the poor Filipino masses raped and ravished by a series of foreign colonizers. I now realized that like anybody else, I am also a victim of a wild imagination. He definitely cannot deliver what he promised to do during his campaign for the presidency after one long year of fuzzy politics.

Consider the case of Jocjoc Bolante who escaped to the United States and applied for asylum in order to avoid prosecution in a multi-million dollar Fertilizer Fund scam then being investigated by the Philippine Senate. The United States government denied his asylum application and finally agreed to send him back to the Philippines instead of wasting American taxpayers’money in feeding him in jail.

Here’s the joke on Jocjoc: Aquino has been president for one year and Bolante is living like a king in the Philippines.

What has happened is that the Arroyo regime of thieves preceded a ruling crowd of limping wrists led by an unmarried leader who appears to be a Casanova wannabe. This culture naturally spawned an emerging and fast dominating subculture of influential entertainers and comedians with no brains mostly gays and lesbians even permeating the halls of Congress, both the Senate and the House and some local governments. And the result is, it seems to be: the Philippines has become the entertainment capital of Asia where the poor gets poorer when they give their hardearned money to the rich entertainers who managed to make them laugh with an empty stomach.

Unless I see thousands of job-creating factories and industries being established in the Philippine under his second year in office, President Noynoy Aquino can only good as a toy president of the idol-worshipping and gullible Filipino masses.

And wait for the next leader!