International trader ends Senator Hontiveros’ fantasy of being an ‘expert economist’ for a day with a brilliant Facebook post

Can’t blame Senator Risa Hontiveros for thinking she has the answers to tame inflation like suspending further taxes mandated by TRAIN law.

However, instead of cheers, Senator Risa Hontiveros gets jeers on social media, especially on Facebook.

This happened after social media blogger MJ Quiambao Reyes exposed Hontiveros’ inflation-taming recommendations as full of holes and contradictions in an expounded Facebook post as a follow-up to her tweet, drawing laughs and jeers on social media at the expense of Hontiveros.

You may read the full post below now.

MADAM RISA,

1. Alam n’yo po ba’ng tumaas ang presyo ng crude oil sa world market mula sa US$30/barrel 2 years ago umakyat na ito sa US$77/barrel ngayon?

✓ LAHAT po ng oil-importing countries, maging ang ilang oil-producing countries ay apektado nito–hindi lang ang Pilipinas.

✓ Di po kontrolado ng gobyerno natin ang Amerika, Iran, Saudi, at ang OPEC.

2. Nauunawaan nyo po ba ang epekto ng TRAIN LAW sa presyo ng diesel/gasolina ngayon?

✓ Piso o Php1 lamang sa bawat litro ng LPG na pangluto. That’s Php11/kada buong tanke na magagamit ng isang pamilya ng 1-3 buwan na. That’s just Php4/month. Katumbas ng presyo ng 1-2 stick ng sigarilyo lamang.

✓ Sa diesel at gasolina naman ay Php2-3/litro.

✓ Ang mas malaking factor sa pagtaas ng presyo ng fuel ay hindi kontralado ng gobyerno.

✓Habang ang karagdagang kita mula sa excise tax ay kailangan upang maisakatuparan ang sinasabi mong “faster infrastructure program to create more jobs”.

✓ Nasa batas na rin po ang pag suspend ng excise tax sa langis pag ito ay umabot ng US$80/barrel for 3 months. Di mo na kailangang i-recommend pa ito dahil, again, nasa batas na po. 😜

✓ Existing na rin po ang cash assistance or caah transfer sa mga mahihirap nating kababayan.

3. Ngayon, alam n’yo po ba ang epekto ng TRAIN LAW sa kita ng milyon milyong Filipino workers?

✓ Mas malaki ang take home pay dahil sa zero to lower personal income tax rate, kung kaya mas dumami rin ang gumagalaw na pera sa merkado,tumaas ang demand, at nakaapekto ito sa presyo. Pero ang kagandahan, tumaas man ng konti ang presyo ng bilihin, mas may pambili na ngayon ang maraming Pilipino.

✓ Dahil na rin sa TRAIN LAW at Build Build Build, mas maraming Pilipino ang ngayon ay may trabaho. More than 4M new jobs which also means mas maraming Pilipino ang may trabaho at may pambili na ng bigas, at iba pang produkto.

4. Alam nyo po ba’ng nagawan na ng paraan, nahuli ang ilang mga hoarders, at bumaba na ang presyo ng bigas ngayon?

✓Php27/kilo ang NFA rice. Same price level noong panahon ni Gloria Arroyo.

✓ Ang premium Japanese at Thai rice naman na nasa Php80-90/kilo noong panahon ni Aquino ay nasa Php46/kilo na ngayon. Kabibili ko lang 2-3 days ago sa loob ng village namin (Pasig).

√ ang pag angkat (import) ng bigas ay isang quick fix lamang na kailangan gawin ngayon para maibsan ang pagtaas ng presyo ng bigas; kailangan pa rin ng medium to long term and more sustainable solutions to lessen our dependence on imported rice

5. Alam nyo po ba ang magiging epekto ng wage hike if implemented now?

✓ Good and bad. Good dahil tataas ang disposable income ni Juan at Juana–pero dahil din dyan ay posibleng tumaas pa ang inflation. At gagamitin ulit ang isyu ng inflation para siraan at pabagsakin ang gobyerno.

For more:

MJ Quiambao Reyes

Sikapin po nating maging mas maalam at mapanuri. Let us also do what we can and be part of the solution. We start by getting ourselves informed: Our current inflation rate is 6.4%. It isn’t as…

MJ Quiambao Reyes

MY TAKE ON INFLATION The current price increases or 6.4% inflation is not something we should brush off and ignore. It is a cause for concern–not just because it somehow affects all of us to…

#mjquiambaoreyes

As of this writing, MJ Reyes’ FB post has gathered 4,490 shares, 3,842 reactions and 385 comments.

Check out the sample of mean comments directed at Hontiveros below.

Cheann Hilario I suggest she eats more brain foodie

Sonny Agustin Halatang nagmamarunong lang yang si Sira oooops Risa pala! D naman nanalo yan. PCOS benefactor kasi! Wala talagang hiya yan.

John Rosario The people voted clowns. Expect to see a circus.

Carlos Lumbres Riza is trying hard that she is a “MAKAMASA”. Just like Bam every time that there is an oppurtunity to make “Pogi Points” they do it. But pilipinos are wise enough that they can tell n read their motives.

MJ Quiambao Reyes introduced herself as an international commodities trader and a mom-in-chief on Twitter.

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