Okay, so after months of denying the effects of the global financial crisis in the Philippines or claiming that we will be resilient to it. The government finally admitted it yesterday, encouraging pinoys to save their money for the rainy days but don't go all out and avoid spending altogether.
In short, kilalang kilala ang pinoy. Maybe that's why they waited until after the holidays before saying it? Giving the pinoys a long holiday break also helped them spend more on vacations, eating out, shopping and other things.
Pero, part of me was laughing because of the past interviews. The philippines will not be hit by the US economic crisis. Riiiight. It was pitiful if they really believed that.
The sad thing is, many people are losing their jobs. People with families, with kids to feed and to send to school, with houses and cars to pay for, etc.
I'm happy for those who happened to hold onto their jobs, or better yet, get a job. That's a real blessing.
This is gonna be a test of faith. *sigh.