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Torres Administration paid approximately $20 million in 2017, which is commendable. However, the outstanding balance is on the rise again and will reach $100 million by year 2029.
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I created a graph using information provided by the Bureau of Economic Analysis (BEA) which falls under the US Department of Commerce. I needed to do this to visually compare the two governor candidates' performances using GDP and the Real GDP data from Years 2002 to 2016. Real GDP is adjusted for inflation with a certain year as the base. It reflects the real GDP as the purchasing power of dollar diminishes over time due to inflation. The graph's dependent variables are in million dollars. CNMI Governors (2002~Present)
Juan Babauta 2002 ~2005 Ben Fitial 2006 ~ 2013 Eloy Inos 2013 ~ 2015 Ralph Torres 2015 ~ present As you can see, Babauta Administration experienced a gradual decrease in both GDP (Nominal) and Real GDP. However, that is due to the admission of China into WTO and the subsequent removal of quota. During this period, Garments factories on Saipan closed down and moved back to China. They were events, Governor Babauta had no control of. Year 2011 as the starting point, both GDPs started to increase slightly. In Year 2011, Ben Fitial was the governor, not Torres. Around 2012, China started to impose regulations on gambling in Macau and the casino owners in Macau needed a new ground. Our casino owes its success to the Chinese investors who chose to take the risks, just like the garment industry earlier. If Governor Torres' minion like Robert Hunter, who is desperate to keep his job, tells you that our economy is doing great, be very skeptical because both GDPs are beginning to drop after 2016, thanks to another regulation by the Chinese government. There is this guy, a CNMI government official, who got owned by a 10-year old girl on Facebook. He could not believe that a young girl could have her own opinion and kept suspecting that someone was putting words in her mouth. After being embarrassed by the girl, his wife came to his rescue trying to assert, or rather convince the girl, that her father was using her name to post comments.
This is the problem in this world. We tend to disqualify children from participating in adults discussions that affect them merely because we think they are not as intelligent as adults. That is wrong! Some kids can formulate their thoughts and opine better than many adults. In general term, we refer to them as "precocious kids". If you don't have one of those kids, you will never understand how they are and what they are capable of. |
AuthorCaptain Madulalak Archives
July 2023
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