She spoke!

Eventually, the president has decided to speak about the tape early Monday evening.

She eventually admitted on national TV and radio that she was the one on tape but did not categorically admit that it was Mr Garcillano she was talking with.

After the telecast, some may have started to assume that she indeed cheated during the last elections. But then, the president said in the same telecast that she merely was trying to protect her votes.

On the other hand, some said that the impeachment proceedings are immenent for it is not legal for a candidate to talk to any election officer during the time of the voting and even during the time of the counting. CNN, however reports that there is no law to stop candidates from talking to election officials. (CNN report)

While the president has already admitted that she was the person on tape, no evidence still has been presented as to substantiate the accusation that she cheated during the last elections. The tape still, to my belief, cannot be used in order to force the president to leave her office.

My only concern now is the possibility that the prices of basic goods will start to climb up when those who oppose the president will start to take the streets.

Many of the president's opposers claim to be working for the good of the people, yet, I still cannot connect that to ousting her. One major question: who is the best bet to take over her office?

Political instability is a major factor in order to lose investors' confidence. And when that happens, the peso would again slide down leading to higher prices of commodities. That is something very scary because, as I have mentioned on the previous post, it would mean that we would again tighten an already tightened belt.

Some also have argued that the president should have just denied that she was the one on tape because in a few month's time, everything would have been forgotten.

But then I believe that honesty made the president accept her faults. There are still people out there who would rather take the longer route for truth, rather than take the shorter route for a lie.

My hope for now, is that there will be no street protests as to this matter. Let the rule of law and justice take its course. If the president is found guilty of any crime, then by any means, let her pay the consequences. But if the reason for removing the president would be based on pure hearsay, then this country is already damned!