By Christian V. Esguerra
Philippine Daily Inquirer
1:13 am | Saturday, February 2nd, 2013
MANILA, Philippines—Call it faint praise, but former President Gloria Macapagal-Arroyo on Friday commended President Benigno Aquino III, her former student in economics at Ateneo de Manila University, over the 6.8-percent growth in the country’s gross domestic product in the fourth quarter of 2012.
The country’s-full year growth was pegged at 6.6 percent.
“It is welcome news,” Arroyo said in a statement issued through her spokesperson Elena Bautista-Horn. “He is on track (to) restoring the growth of 7.9 percent where it was before the first half of 2010,” she added.
Arroyo said she would “support (Mr. Aquino’s) policies that (would) translate such policies to poverty alleviation.”
Acerbic paper
The statement was a complete departure from Arroyo’s acerbic paper titled “It’s the Economy, Student” that she wrote between October and December 2011 while in detention. The paper accused President Aquino of obscuring the economic gains of the Arroyo presidency to allegedly make up for the shortcomings of his own.
“Neither the President nor anyone else can truly expect to govern the next five years with nothing but a sorry mix of vilification, periodically recycled promises of action followed by lethargy, backed up by few, if any, results, and presumptuously encouraging gossip about one’s love life in which no one can possibly be interested,” Arroyo wrote in the 19-page paper.
The former President recalled that the country was riding on a 7.9-percent economic growth rate when she stepped down in 2010. But the growth slowed down to 3.2 percent in the third quarter of 2011.
“The momentum inherited by President Aquino was already slowing down, and despite his initial brief honeymoon period, he has simply not replaced my legacy with new ideas and actions of his own,” Arroyo said in her paper.
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