What stimulus package?

Malacañang continues to express confidence that the P330 billion stimulus package unveiled by Gloria Arroyo this year will be enough to sustain growth in the face the global economic slowdown.

Most analysts are unconvinced spending our way out of the looming crisis is the answer, assuming the P330 billion could be raised. The doubts of the skeptics have grown stronger now that the P330 million figure appears to have been plucked out of thin air.

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