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THE
business community favors an opposition-led Senate, a
result indicated by the trend in the canvassing, as this
would perfect the balance in a Congress where the House
of Representatives is controlled by the administration,
industrialist Raul Concepcion said on Monday.
“The
elections are over. The House will be controlled by
congressmen allied with the administration, while the
Senate will be controlled by the opposition. This will
be good for the people and for business,” Concepcion
said.
Based on
his conversations with the leaders of different business
groups, Concepcion said a well-balanced Congress is what
the business community wants.
Also,
the sense of business is that since the victory of the
opposition in the Senate race is the people’s sovereign
will, the result must now be accepted and respected, he
added.
“Measures like the budget and taxes originate from the
House. The Senate will refine them. Such balance of
power, as desired by the citizenry, will work wonders
for the benefit of the people and business,” he said.
Anyway,
Concepcion said, the people chose well since many of the
newly elected senators are well-educated, well-qualified
and are known to be progressive as well as
independent-minded.
The new
senators have a good working knowledge of the issues
linked with the problems of slow economic growth,
poverty, social equity and the environment, said
Concepcion. They also understand the urgency of economic
reforms and the need to cope with globalization, he
noted.
Based on
the trends of the canvassing for the May 14 midterm
polls, the opposition is poised to win seven to eight
more slots in the Senate.
Concepcion
believes the new breed of senators will be able to
tackle urgent and important economic and other reform
measures with intellectual integrity and objectivity. |
