PNoy recently bought a 2007 model Porsche which made headlines and got several reactions from critics and supporters. Here are the facts of the story:
1. The Porsche is "third-hand" vehicle worth 4.5 million Pesos
2. The model may be a Cayman or a Carrera, basing on the news photos
3. He sold his other vehicle a BMW to buy this Porsche.
4. He used his own funds.
5. He is a bachelor and a car enthusiast.
People are saying that the timing is "off" because of the announced fare hike at MRT and LRT. There are also surveys done saying people are "poorer" today compared to the previous years. Gasoline and diesel prices have increased more than 3 times already since December 2010. Floods and other natural disasters continue to damage lives in the Bicol Region.
For me, I do not see anything wrong with PNoy's Porsche purchase. There will never be a good timing because the Philippines, a third world country will always be a face of poverty. No matter how a good a President or a leader is, 6 years of governance is not enough to turn the tables around. Too much damage was done by the past presidents and we need at least 15-20 years to recover and be compared to developing countries. The proposed MRT and LRT hike should have been implemented months ago to recover government losses. Gasoline and diesel prices will continue to rise as long as the market is controlled by "The Big 3". How come lesser known gasoline stations afford to sell gas 50 centavos to 1 peso cheaper than The Big 3? It is so obvious that Shell, Caltex and Petron can lower their prices but refuse to do so.
Is Php 4.5 million an extravagant purchase? To an ordinary Filipino, yes. To a rich family or individual, no. Picture this: a brand new Toyota Land Cruiser costs around Php 4.5M, a 2010 Nissan Patrol costs Php 2.6M, a 2010 Mitsubishi Pajero costs Php 2.8M, a second hand 2010 Mercedes Benz E Class costs Php 4.5M, a second hand 2010 BMW 5 series costs Php 2.1M and a second hand Porsche 911 GT3 costs Php 6.8M. I see these types of vehicle everyday (except the Porsche GT3) at EDSA and it seems Filipinos can afford to buy these luxury vehicles. Rich Filipinos are outnumbered by poor ones but to them, it is not their fault that they were born rich or they worked hard to be rich.
President Noynoy was born rich. All his siblings are rich even without entering politics. His youngest showbiz sister earns 3-5 million a month just for shows excluding endorsements. People say that he should be sensitive and should avoid extravagant purchases. Can we give the guy a break? It may be his Christmas gift to himself, or a reward after working hard since being elected. Do we not allow ourselves to at least reward ourselves after a year of hard work? How about people buying IPhones, IPads, PS3, Xbox, Flatscreen TVs, DigitalSLR, Laptops, Louis Vuitton bags and Tag Heuer watches? Aren't they extravagant too in a smaller scale? Actually, PNoy's Porsche is just peanuts compared to his counterparts. His predecessor spent a million pesos for a dinner abroad.
Let us try to be open minded once in a while and understand people's ways which are different from ours. We sometimes say we belong to the masses and we sympathize with them but we do not even lift a single finger to help. We just criticize and see the negative side of things. Focus on what are the important issues and try to help. Count our blessings and be happy for other people's blessings.