Philippine elections–how it brings growth

Seems like the political season is upon us despite persistent doubts as to the sincerity of the Arroyo administration’s intention of really managing the 2010 elections. Candidates for various posts, particularly those still working for Mrs. Arroyo, have spent close to P250 million just for infomercials alone. This does not include their expenses building their grassroots networks.

For all its worth, this exercise in democracy is contributing to the economic stability of our country. It created hundreds of jobs. It spurred growth in provinces, towns and cities. And it again brought growth to various industries and small and medium-sized enterprises.

If we analyze the total expenditures of these candidates, from those aspiring for national and local posts, the economy already reaped close to a billion pesos already. This is good for the economy. Expect this to continue up to May 2010.

Based on the latest surveys, former president Joseph Estrada is now top of the heap for the presidential post, followed by billionaire Senator Manny Villar. It seems like Erap is really running while Villar has already intimated his desire to field a complete slate for the elections. Mar Roxas, meanwhile, has slipped down the survey game, with just 9 percent followed by Senator Loren Legarda. Chiz Escudero’s ratings remain very consistent within the 18-19 percent. Seems like his ratings already plateaued.

Roxas needs a “miracle” to overtake Erap. While if Villar continues his campaign, he might yet spring a surprise. What is very relevant at this juncture is the size of one’s campaign machinery. That will spell a very big difference in winning or losing this elections.