But a formidable political opponent soon emerged in Aquinos widow, Corazon Aquino, who became the presidential candidate of the opposition. Marcos won and was inaugurated as president on December 30, 1965. He was a genius with an IQ level estimated between 140-160. These people who were collaborating with the enemy when we were fighting the enemy. [192][193] Marcos claimed that martial law was the prelude to creating his Bagong Lipunan, a "New Society" based on new social and political values. A safety inquiry was done subsequently, which revealed over 4,000 defects. [385], In 1990, Imelda Marcos, his widow, was acquitted of charges that she raided the Philippine's treasury and invested the money in the United States by a US jury. [426] Jaime Ongpin, who is a brother of Marcos trade minister Roberto Ongpin, was later dismissed by Cory Aquino and later died in an apparent suicide after "he had been depressed about infighting in Aquino's cabinet and disappointed that the 'People Power' uprising which had toppled dictator Ferdinand Marcos had not brought significant change". [418]:"27", The initial deposit of under $1 million grew into hundreds of millions, especially after Marcos declared martial law in 1972. Before long, Communist China will have increased its striking power a thousand fold with a sophisticated delivery system for its nuclear weapons. [32], Documents uncovered by The Washington Post in 1986 suggested Marcos's release in August 1942 was effected because his father, former congressman and provincial governor Mariano Marcos, had "cooperated with the Japanese military authorities" as publicist. ", "Jubilant Filipinos loot Marcos' Malacanang palace", "REFLECTIONS: EDSA from the Eyes of a Mindanawon", "Former Philippine President Marcos Reveals Plan to Invade Homeland", "10,000 Troops, Billions in Gold: House Panel Hears Tapes of Marcos Plotting coup", "Aquino government says Marcos invasion plan a propaganda ploy", "Collection: WHORM Subject Files Folder Title:CO 125 (Philippines) 560000-574999 Box 153", "Folder Title:CO 125 (Philippines) 589090 (1) Box: 153", "The Glasgow Herald Google News Archive Search", "Aquino's Vice President Asks Sympathy for Ailing Marcos", "Two Great Activities in the Philippines", "Manila Standard Google News Archive Search", "Marcos Dies in Exile at 72; 'Father's Not Here Anymore', "4 Years After Death, Marcos' Body to Go Home for Burial", "Is Philippines ready for a state burial for Marcos? [277] In the afternoon, Marcos talked to Enrile, asking for safe passage for him and his family, and included his close allies like General Ver. [106], By pursuing an aggressive program of infrastructure development funded by foreign loans, he remained popular for most of his first term,[106] with his popularity flagging only after his debt-driven spending during the campaign for his second term triggered an inflationary crisis in November and December 1969, before his second inauguration. Former Philippine president Ferdinand Marcos does not hold record for On the other hand, the partial 69% tally of the National Movement for Free Elections (NAMFREL), an accredited poll watcher, had Aquino winning with 7,502,601 votes against Marcos's 6,787,556 votes. [118][119], With an eye towards becoming the first president of the third republic to be reelected to a second term, Marcos began taking up massive foreign loans to fund the "rice, roads, and school buildings" he promised in his reelection campaign. [480][483], The Philippine economy began to go in decline in 1981 because of excessive debt,[230] however, and finally went into a tailspin in 1984. [443], Marcos's signature agricultural program, Masagana 99, was thus launched on May 21, 1973,[451][452] as an effort to address a nationwide rice shortage arising from the various natural disasters and pest infestations in 1972. During his martial law regime, Marcos confiscated and appropriated by force and duress many businesses and institutions, both private and public, and redistributed them to his cronies and close personal friends. Over his term, Marcos was able to strengthen his ties to the US government. They write new content and verify and edit content received from contributors.