There is no doubt that the biggest casualty in the current jueteng controversy is the Philippine peso. This means that each and every Filipino is paying a price for Singsons revelation and the only solution to this problem is to establish the facts. Singson has said, "I challenge the President and my other detractors that we all submit ourselves to a lie-detector test. I am sure I will win because I am not lying. I have documents and bank statements showing the paper trail. I made the payments. I am the witness. I am the evidence." Will the President and Charlie "Atong" Ang accept this challenge?
There is a move to impeach the President. The problem is that impeachment is a time-consuming process. Congress adjourns on Feb. 9 of next year. In May, we have an election, which means that we will have a new set of legislators. At the earliest, a second impeachment can only be filed by October of next year. That is a full year of waiting.
The best option to this problem is the Presidents resignation. We agree with the observation of UP political science professor Alex Magno that "the real problem is not whether President Estrada will survive this crisis, but whether the economy will survive his presidency."
Under the circumstances, the most patriotic thing that President Estrada can do for his country is to heed the peoples call for him to resign. In his pastoral statement, Jaime L. Cardinal Sin expressed it very well. He said:
"In the light of all the scandals that have besmirched the image of the Presidency in the last two years, we stand by our conviction that he has lost the moral ascendancy to govern. Without meaning to preempt the results of the investigation about the jueteng issue and corruption case, we believe that in the spirit of delicadeza and for the good of the people, he must relinquish his office and turn it over to his constitutional successor.
"It would be a heroic act for the President to heed this call. We still trust in his sense of nationalism and patriotism. This appeal comes not from an emotional outrage but as a fruit of prayer and discernment."
There are times that try mens souls. It is the future of our whole nation that is at stake. President Estrada should seriously consider his resignation as the best solution to the predicament that his drinking buddy and compadre has placed the country into.