President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/MANILA BULLETIN)

Any plans to unseat President Marcos would be bad for the Philippines. 

Thus, said Cavite 4th district Rep. Elpidio Barzaga Jr., amid rumors over the weekend that there was a destabilization plot against the incumbent chief executive. 

"We cannot afford any political and economic instability. A plot to overthrow the administration won't do us any good," Barzaga, chairman of the House Committee on Natural Resources, said in a statement Tuesday morning, Nov. 7. 

He gave these remarks following the statements last Friday of Armed Forces of the Philippines (AFP) Chief-of-Staff General Romeo Brawner that he got wind of a plan to overthrow Marcos. 

Brawner has since toned down his pronouncements. 

Barzaga says instability is the last thing the country needs right now as it continues to face economic challenges, particularly controlling inflation. He said this remains the most urgent national concern of the majority of Filipinos according to a Pulse Asia survey last September. 

As prices of basic commodities surged, Barzaga said talks of a brewing plot by retired military officials to destabilize Marcos Jr.'s administration "will only cause the economy another black eye." 

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https://mb.com.ph/2023/11/4/destabilization-plot-vs-pbbm-house-speaker-says-rule-of-law-will-prevail

"We don't need their adventurism. We have a working government duly elected by an overwhelming majority of the people, more than 31.6 million margin. They have to respect the people's decision," he said, referring to Marcos. 

The CPA-lawyer further warned that rumors of political instability will only shoo away investors even if the AFP has already denied that there are moves to destabilize the government. 

Inflation in September increased to 6.1 percent, up from 5.3 percent in August, the fastest pace in four months. The figure has brought the year-to-date inflation to 6.6 percent.