Dick Roche on last FG/Labour govt performance

tomflynn

With the exception of inflation and interest rates (now ECB domain) he could be talking about FF. His words from his website: http://www.dickroche.com/mod.php?mod...u=8&page_id=21 ....................


FG & Labour hate to hear just how bad they were in Government
It is worth reminding ourselves just how bad things were the last time there was a full term Fine Gael/Labour Government (1987):

- Ireland’s debt per head higher than Ethiopia or Sudan.

- National Debt increase by the equivalent of EUR75 billion in today’s money.

- Even 10 years ago, FG and Labour were spending more on servicing the National Debt than they were investing in Education.

- Emigration rampant: 30,000 leaving Ireland every year,

- 250, 000 men & women unemployed,

- 16% adult population were without a job,

- Inflation was at 21%,

- Interest rates reached 21%

– people handing back their homes.

The Financial Times - international moneylenders were going to "pull down the shutters on Ireland".

gandalf

LOL and how is the performance of the current crowd any better. The sooner we are rid of the deluded twits in FF the better.

Laminations

Something I posted in another thread. Dick Roche knocking past performance while ignoring current form.

Laminations wrote: »

Like people have said, why should Leo V show any loyalty, blind or otherwise to GF? He was no great statesman, making plenty of mistakes, and his financial affairs were a bit dodgy too. He also insults the FG party by his backing of NAMA. Himself and Alan Dukes must of had strokes to be siding with FF. The GF government is used by FF as the type of failure people should expect from FG in power, Leo V was saying to Cowen that he is far worse, his failures are current while FGs are in the past

Dannyboy83

tomflynn wrote: »

With the exception of inflation and interest rates (now ECB domain) he could be talking about FF. His words from his website: http://www.dickroche.com/mod.php?mod...u=8&page_id=21 ....................


FG & Labour hate to hear just how bad they were in Government
It is worth reminding ourselves just how bad things were the last time there was a full term Fine Gael/Labour Government (1987):

- Ireland’s debt per head higher than Ethiopia or Sudan.
Ireland's external debt worst in the world.
http://www.nationmaster.com/graph/eco_deb_ext_percap-economy-debt-external-per-capita

- National Debt increase by the equivalent of EUR75 billion in today’s money.
- Ireland's national debt has doubled to over €79.8bn, and is set to double again to €150bn by 2014. And thats from a lower starting point!!
http://www.financedublin.com/debtclock.php
- The State has posted 25 consecutive monthly exchequer deficits since January 2008.

- Even 10 years ago, FG and Labour were spending more on servicing the National Debt than they were investing in Education.
- In total, the domestic economy fell by 11.3 per cent during 2009, the largest-single decrease in wealth ever recorded.
- Ireland's economy has "fallen off a cliff" and is in the grip of the worst recession in its history as new figures reveal it has shrunk by almost 25 per cent from its peak.
- FF are spending over €20 billion on Social Welfare and another €20 billion on the public sector, before any other state expenses are even considered, and the national income is only €33 billion per year
- The first quarterly figures for 2010 are to be released next Friday and so far the exchequer is showing a deficit of €2.4bn for this year.

- Emigration rampant: 30,000 leaving Ireland every year,
Highest Emigration figures since 1995, in excess of 35,000 emigrating per year, now over 70,000 people since 2008
http://www.rte.ie/news/2009/0922/cso1.html


- 250, 000 men & women unemployed,
Over 425,000 men & women unemployed
- 127 companies a week, or 12,049 in total, have been forced to close since Mr Cowen became Taoiseach.
- If 127 companies have closed for each of the 97 weeks Mr Cowen has been Taoiseach, it works out as 18 a day.
http://www.independent.ie/national-news/our-economy-has-fallen-off-a-cliff-2114878.html

- 16% adult population were without a job,
- 33% of males under 25 without a job
- Unemployment running at nearly 8%
- Shocking new figures from the Revenue Commissioners also reveal that since 2008, 40,758 individuals have officially ceased trading.

- Interest rates reached 21%
Thank God for the EMU!

– people handing back their homes.
People killing themselves

So that government would actually be a significant improvement on this one.

If FF supporters claim that the extent of the collapse has been due to external forces, then they will also have to admit that the extent of the 'boom' was due to external forces also.
Zero credit to Fianna Failure.
They have simply failed to act during the 'good times' & failed to react during the 'bad times'.

gandalf

Dannyboy83 wrote: »

They have simply failed to act during the 'good times' & failed to react during the 'bad times'.

I think that sentance sums up this government perfectly.

Taxipete29

Does Dick Roche forget that all the debt related problems were as a result of his own party being in Govt at an earlier stage and borrowing all that money. How do people elect these idiots.