one stone laid than two are taken away. Half our export earnings, $2 billion out of $4 billion,
which was all we could earn in the restrictive markets of the world, went to pay just the
interest on a debt whose benefit the Filipino people never received.
Still, we fought for honor, and, if only for honor, we shall pay. And yet, should we have to
he payments from the sweat of our men’s faces and sink all the wealth piled up by
the bondsman’s two hundred fifty years of unrequited toil?
Yet to all Americans, as the leader of a proud and free people, I address this question: has
there been a greater test of national commitment to the ideals you hold dear than that my
people have gone through? You have spent many lives and much treasure to bring freedom
to many lands that were reluctant to receive it. And here you have a people who won it by
themselves and need only the help to preserve it.
Three years ago, I said thank you, America, for the haven from oppression, and the home
you gave Ninoy, myself and our children, and for the three happiest years of our lives
together. Today, I say, join us, America, as we build a new home for democracy, another
haven for the oppressed, so it may stand as a shining testament of our two nation’s
commitment to freedom.
Analysis of Cory Aquino’s Speech
Speech of Cory Aquino was an event in the political and diplomatic history because it has
arguably cemented the legitimacy of the EDSA government in the international arena.
Cory talked at length about Ninoy’s toil and suffering at the hands of the dictatorship that
The ideology or the principles of the new democratic government can also be seen in the
same speech. She was able to draw a sharp contrast between her government and of her
predecessor by expressing her commitment to a democratic constitution drafted by an
She claimed that such constitution upholds and adheres to the rights and liberty of the
Filipino people. Cory also hoisted herself as the reconciliatory agent after more than two
Cory expressed her intention to pay off those debts. Unknown to many Filipinos was the life
that there was a choice of waiving the said debt because those were the debt of the dictator
and not of the country. Cory’ decision is an indicator of the government’s intention to carry
on a debt-driven economy.