President Aquino is discrediting the report of his own government agency- National Statistical Coordination Board which says the much-vaunted impressive economic growth has not trickled down to the teeming poor in the country.
The NSDB official release said: “Poverty incidence among population was estimated at 27.9 percent during the first semester of 2012. Comparing this with the 2006 and 2009 first semester figures estimated at 28.8 percent and 28.6 percent, respectively, poverty remained unchanged as the computed differences are not statistically significant.”
In simpler terms, life for the Filipino poor has not improved in the past six years.