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Joan Burton's economic shock jocks

  • 28-10-2010 9:46pm
    #1
    Registered Users, Registered Users 2 Posts: 68 ✭✭


    I heard her recently on a radio news bulletin making reference to 'economic shock jocks'.Who exactly was she referring to...David McWilliams perhaps ?


Comments

  • Registered Users, Registered Users 2 Posts: 1,588 ✭✭✭femur61


    I heard her recently on a radio news bulletin making reference to 'economic shock jocks'.Who exactly was she referring to...David McWilliams perhaps ?

    But, wasn't he right.


  • Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    maybe Constantine Guriev too ? . Look we all know the left have our backs. The unions, Sinn Fein and the Labour party cant be wrong, could they?

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • Closed Accounts Posts: 3,212 ✭✭✭Jaysoose


    She is just annoyed as people actually pay attention to what these guys are saying while with her all they hear is whining.


  • Closed Accounts Posts: 4,025 ✭✭✭Tipp Man


    She is one of the most painful people that i've ever had the discomfort of listening to

    Nobody makes me change channel quicker than her, and she strikes me a being thick as s##t


  • Registered Users, Registered Users 2 Posts: 13,189 ✭✭✭✭jmayo


    Tipp Man wrote: »
    She is one of the most painful people that i've ever had the discomfort of listening to

    Nobody makes me change channel quicker than her, and she strikes me a being thick as s##t

    I have to say that she has greatly improved from when she first arrived on the scene.
    I remember seeing her on some show and her grasp of economics and finance appeared to be non existent. :o
    But she does seem to have learned quiet a lot since then.
    So no I would not agree she is thick.
    That honour falls on many more heads in the Dáil before hers.

    The only problem now is she is touting the Labour/Union line about making where no cuts are necessary and all problems will be solved by taxing the rich.
    Oh and there are great savings and sacrifices being made because of the Croke Park deal, which is now written on tablets of stone and must not be touched. :rolleyes:

    I am not allowed discuss …



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  • Registered Users, Registered Users 2 Posts: 2,426 ✭✭✭ressem


    Matthew Elderfield?

    He's reputedly calling for the removal of all the credit union volunteer directors because they don't have the qualifications he requires, despite himself also describing himself as a generalist with no relevant qualifications? (degree in Foreign Service and Masters in international relations). And he hasn't said what would be a relevant qualification.

    http://www.independent.ie/national-news/financial-watchdog-reveals-his-lack-of-a-specialist-qualification-2182088.html

    Got this from a group of such directors who are convinced that he's trying to turn the credit unions into a savings club, and if their customers are driven into the hands of loan sharks, that's not his concern. Only eliminating financial risk to the government is.


  • Registered Users, Registered Users 2 Posts: 12,555 ✭✭✭✭AckwelFoley


    I never can take Joan Burton seriously.

    Making noise for the sake of being heard


  • Closed Accounts Posts: 1,914 ✭✭✭danbohan


    Tipp Man wrote: »
    She is one of the most painful people that i've ever had the discomfort of listening to

    Nobody makes me change channel quicker than her, and she strikes me a being thick as s##t
    thats a terrible insult to s##t !


  • Closed Accounts Posts: 5,207 ✭✭✭meditraitor


    femur61 wrote: »
    But, wasn't he right.

    No! mainly because he speaks from both sides of his mouth.......


  • Closed Accounts Posts: 7,570 ✭✭✭Ulysses Gaze


    snyper wrote: »
    I never can take Joan Burton seriously.

    Making noise for the sake of being heard

    Unfortunate thing is she'll probably be the next MoF.


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  • Closed Accounts Posts: 1,367 ✭✭✭Rabble Rabble


    No! mainly because he speaks from both sides of his mouth.......

    really? Where?


  • Closed Accounts Posts: 593 ✭✭✭Rockery Woman


    Unfortunate thing is she'll probably be the next MoF.

    God I couldn't listen to her addressing the Dail after the Budget last year.... :mad: Moan Burton!!!!


  • Closed Accounts Posts: 5,207 ✭✭✭meditraitor


    really? Where?

    :D you are in the wrong place if you think David McWilliams has been consistant in his views and I will not spoon feed you on this truth..... go look at quotes from 2006/2007 and his current soundbites


  • Closed Accounts Posts: 1,367 ✭✭✭Rabble Rabble


    :D you are in the wrong place if you think David McWilliams has been consistant in his views and I will not spoon feed you on this truth..... go look at quotes from 2006/2007 and his current soundbites


    I think you are in the wrong forum, actually.


    That is not really the kind of "truth" I am expecting I was expecting a link to McWilliams in 2006/2007 saying that the economy was in great shape altogether, and there was no problem in the housing market, and I was expecting this from you. The reason why I was expecting this is, that, to my knowledge of McWilliams output from the period - admittedly from a sporadic reading - he had nothing good to say about the Irish economy and pinpointed the bubble. I could be wrong, or I was reading the stuff where he was criticising the housing bubble and missing the articles where he was eulogising the property market, but it is up to you to supply the proof, not for me to prove me wrong.

    And, tbh, that kind of dual argument seems unlikely.

    This is the kind of evidence the internet now demands. This forum in particular. Asking me to do my own research - when you are making the extraordinary claim - is a cop out.


  • Registered Users, Registered Users 2 Posts: 1,398 ✭✭✭dfbemt


    Not a Labour supporter But I actually like Joan Burton. :eek:

    Yes, she doesn't have the most interesting of voices or tones but she just doesn't let FF away with s**t.

    Fair play to her I say.

    Have to say that the Gift Grub version of Joan is great but she was brilliant in Apres Match. More Joan, more Joan.....



  • Closed Accounts Posts: 53 ✭✭GoldenEarring


    Tipp Man wrote: »
    She is one of the most painful people that i've ever had the discomfort of listening to

    Nobody makes me change channel quicker than her, and she strikes me a being thick as s##t
    I think she is excellent, very articulate and cogent. She is frequently interrupted by reporters and has to struggle to make her points.
    She is on top of her brief and very capable.
    Her voice should not put you off, listen to the content instead of being distracted by her tone.


  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    Tipp Man wrote: »
    She is one of the most painful people that i've ever had the discomfort of listening to

    Nobody makes me change channel quicker than her, and she strikes me a being thick as s##t
    snyper wrote: »
    I never can take Joan Burton seriously.

    Making noise for the sake of being heard
    Unfortunate thing is she'll probably be the next MoF.
    God I couldn't listen to her addressing the Dail after the Budget last year.... :mad: Moan Burton!!!!

    Sure she's totally unqualified to be Minister for Finance, she's only a chartered accountant by profession....

    wait!

    :rolleyes:


  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    I think she is excellent, very articulate and cogent. She is frequently interrupted by reporters and has to struggle to make her points.
    She is on top of her brief and very capable.
    Her voice should not put you off, listen to the content instead of being distracted by her tone.

    Great point.

    I'm getting really tired of Irish people looking for tone and appearance instead of substance.

    I have watched her in committees and and in The Dáil and she is one of them few who seem capable of asking pointed questions relating to her portfolio.


  • Registered Users, Registered Users 2 Posts: 12,555 ✭✭✭✭AckwelFoley


    Sure she's totally unqualified to be Minister for Finance, she's only a chartered accountant by profession....

    wait!

    :rolleyes:

    Im a qualified farmer. Ive the papers and the years of education to prove it.

    Doesnt make me a shoe in for minister for agriculture.

    There is as much link between been minister for finance and having and been a chartered accountant as there is been a decent footballer and managing Manchester United


  • Closed Accounts Posts: 697 ✭✭✭gent9662


    God help us if Joan Burton gets in, can you only imagine her giving a budget speech? She would put the whole country to sleep with her voice.


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  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    snyper wrote: »
    Im a qualified farmer. Ive the papers and the years of education to prove it.

    Doesnt make me a shoe in for minister for agriculture.

    There is as much link between been minister for finance and having and been a chartered accountant as there is been a decent footballer and managing Manchester United

    I never said she was a shoe-in, I merely pointed out that she has a background in financial matters, i.e. accounts.

    Trying to say there is no correlation between the two is just laughable really. It may not make her 'qualified', but it certainly does not make her "underqualified, which is what I stated. I guess you missed the irony class in English?
    dclane wrote: »
    God help us if Joan Burton gets in, can you only imagine her giving a budget speech? She would put the whole country to sleep with her voice.

    The speech is merely a publicity stunt and impact vehicle used by those in power to shower gravitas on themselves.

    You don't have to listen to it, you can read it in your own dulcet tones and not be "put to sleep".


  • Registered Users, Registered Users 2 Posts: 12,555 ✭✭✭✭AckwelFoley


    I never said she was a shoe-in, I merely pointed out that she has a background in financial matters, i.e. accounts.

    Trying to say there is no correlation between the two is just laughable really. It may not make her 'qualified', but it certainly does not make her "underqualified, which is what I stated. I guess you missed the irony class in English?

    .


    If i missed the class in irony, perhaps you missed basic english

    Show me where in my brief post i stated she had no qualification.

    She is an accountant, good for her, however although accounting and being minister for finance requires the ability to balance the books, there is an enormous difference in the two.

    My problem with joan burton is as a td she has no substance to what she says, i would much rather R Quinn or P Rabbitte, at least there is a little more sence and thought in what they say


  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    snyper wrote: »
    If i missed the class in irony, perhaps you missed basic english

    Show me where in my brief post i stated she had no qualification.

    She is an accountant, good for her, however although accounting and being minister for finance requires the ability to balance the books, there is an enormous difference in the two.

    My problem with joan burton is as a td she has no substance to what she says, i would much rather R Quinn or P Rabbitte, at least there is a little more sence and thought in what they say

    My English is fine, but thank you for your abject concern.

    I never claimed you said that she had no qualification, you are trying to say that an accountancy background will not be of any benefit to her if she ever ascended to the MfF portfolio. That is what is laughable.

    I believe you dislike her because she has a whiny voice and is not a smooth, sophisticated, speaker like some of the other charlatans we have up there. It's a similar thing to the Kenny factor, people slap him down because he doesn't emanate the slick/polished appearance of some of the other shysters up there.

    If you claim she lacks substance, then you have not seen her demolish some civil-servants-during committees-and ask probing, detailed, questions to Lenihan and Cowen.


  • Closed Accounts Posts: 1,258 ✭✭✭Tora Bora


    Sure she's totally unqualified to be Minister for Finance, she's only a chartered accountant by profession....

    wait!

    :rolleyes:

    Ahem, ahem, ahem, FFS:eek: Charlie McGreedy, is also an accountant. So was the other fcukn Charlie, ... Haughey.:o


  • Registered Users, Registered Users 2 Posts: 13,189 ✭✭✭✭jmayo


    snyper wrote: »
    I never can take Joan Burton seriously.

    Making noise for the sake of being heard
    snyper wrote: »
    If i missed the class in irony, perhaps you missed basic english

    Show me where in my brief post i stated she had no qualification.

    She is an accountant, good for her, however although accounting and being minister for finance requires the ability to balance the books, there is an enormous difference in the two.

    My problem with joan burton is as a td she has no substance to what she says, i would much rather R Quinn or P Rabbitte, at least there is a little more sence and thought in what they say

    If I recall correctly from time of last election you were someone that was involved with the construction industry and big fan of ff, I would not have expected you to give much credance to Burton or any other Labour member. :rolleyes:

    Saying that I am impressed with fact you have noticed that Ruari Quinn is quiet good and as a matter of fact he was our last decent minister of finance.

    I am not allowed discuss …



  • Registered Users, Registered Users 2 Posts: 12,555 ✭✭✭✭AckwelFoley


    jmayo wrote: »
    If I recall correctly from time of last election you were someone that was involved with the construction industry and big fan of ff, I would not have expected you to give much credance to Burton or any other Labour member. :rolleyes:

    Saying that I am impressed with fact you have noticed that Ruari Quinn is quiet good and as a matter of fact he was our last decent minister of finance.

    "involved" in the construction industry.. yes, i worked in a hardware store, worked hard and built a couple of houses. Does that make me the devil? Does that make me the reason this country is in such bad shape?

    im no particular "fan" of FF, however that by default doesnt make me warm to oppisition parties.

    The current government have made mlatant policy mistakes, however, anyone that thinks Joan Burton is a better person than Brian Lenihan does have rocks in their head.

    Ruari Quinn is someone i have confidence in, althought i cant abide many members of the party, he is a realist, and at least when he is asked his opinion on a policy, he gives an honest answer, he doesnt oppose it like Joan Burton purely for the purposes of been heard.

    Labour could be the dominant party in the next government, but they wont, and you can click and save this post and i will eat it if im wrong, they are missing a great oppertunity to get a real result in the next election, the reason they will be second to FG is that they dont have policies.

    When a labour TD was asked what reforms they would make t the health service and what cuts they would make, the only answer she would give is "efficiencies" "make run smoother" even after been pressed on it, wouldnt give a better more specific answer. Labour are sitting on a fence called "populice opinion", they need to get off it and let us know what we are voting for.


  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    snyper wrote: »

    When a labour TD was asked what reforms they would make t the health service and what cuts they would make, the only answer she would give is "efficiencies" "make run smoother" even after been pressed on it, wouldnt give a better more specific answer. Labour are sitting on a fence called "populice opinion", they need to get off it and let us know what we are voting for.

    Fine Gael, Fianna Fáil, Sinn Féin and The Greens all engage in the same thing.


  • Registered Users, Registered Users 2 Posts: 13,189 ✭✭✭✭jmayo


    snyper wrote: »
    "involved" in the construction industry.. yes, i worked in a hardware store, worked hard and built a couple of houses. Does that make me the devil? Does that make me the reason this country is in such bad shape?

    Actually you are to a degree as you openly state that you built a couple of houses.
    Thus you added to the construction bubble.
    Or perhaps you need to live in multiple houses like an infamous ex Mayo representative ?
    snyper wrote: »
    im no particular "fan" of FF, however that by default doesnt make me warm to oppisition parties.

    So have you changed your opinion of ff over the last couple of years then ?
    Did you not write the below post at time of bertie resigning ?
    snyper wrote: »
    Yes of course. If we had a left wing rather than our "right of centre" government in the years preceeeding the boom, all the infrastructure, skills and oppertunities to create this boom would have been even greater.

    No. Not even close.

    The people responsible for creating the jobs would have stayed in or went to england where their skills and effort would be rewarded and hence benefit that economy

    "Right place right time" :rolleyes: Where do you think success comes from? Dont say "people" like Gerry Adams.. China have got loads of people, but cant feed half them.

    Its careful managment of an economy that gives rise to oppertunities and wealth that makes a country great.

    And I just couldn't resist posting this from Jan 2008.
    Care to change your opinion about what a fine economy we had ?
    snyper wrote: »
    I laugh whole heartidly at all this talk of a mis managed economy.

    We have a great economy.
    Where have you been for the last 30 years? Do you remember the 70's and 80's?

    And again in direct response to my post about bertie on the 15-01-2008.
    snyper wrote: »
    :D ^

    I thought id have to go to the humor forum to find a good laugh.

    Have you a mere handful examples of economic decisions he has made thats going to ruin us?

    Its been a long time since Enda and his bunch have been in power, they've lost all of the last elections, so it makes your point of "finding out" null and void, FF governments have provided the basis for this countries economic success

    While there is a world wide decline in economic progression, Ireland have although slowed remain strong.

    Now before somebody starts accusing me of attacking anyone becuase of party affliation or voting preferences, I think it is important to counter remarks made by posters who comment on parties, and individuals within parties, under the guise that they have no particular fondness for other parties.
    snyper wrote: »
    The current government have made mlatant policy mistakes, however, anyone that thinks Joan Burton is a better person than Brian Lenihan does have rocks in their head.

    Well lets see their respective acheivements.
    Joan Burton managed to highlight problems with bank bailout and NAMA.
    On the other hand lenihan has managed to turn many corners and yet we the taxpayers have ended up pumping over 40 billion into insolvent ineptly run banks (INBS, Anglo, AIB, EBS and BOI).
    Hell he made the Irish taxpayer responsible for the losses of the worlds biggest loss making organisation in 2009.
    Through NAMA we have become responsible for the billions of euro of debts of some very well connected high flyers who made billions during the bubble but if truth be told should not be penniless.
    Hell as a bit of developer yourself these guys must have been your heros. :rolleyes:

    I think a fair few people would reckon it is you who has rocks in his head if you think lenihan is better than anyone.
    snyper wrote: »
    Ruari Quinn is someone i have confidence in, althought i cant abide many members of the party, he is a realist, and at least when he is asked his opinion on a policy, he gives an honest answer, he doesnt oppose it like Joan Burton purely for the purposes of been heard.

    Yes Ruairi Quinn would be better I believe than Gilmore or Burton, but agian that does not make them worse than the inept uselss feckless eejits that we currently have.
    snyper wrote: »
    Labour could be the dominant party in the next government, but they wont, and you can click and save this post and i will eat it if im wrong, they are missing a great oppertunity to get a real result in the next election, the reason they will be second to FG is that they dont have policies.

    Will you eat it like the post above about what a marvellous economy we had ? :D
    Actually all kidding asisde you do have valid points that Labour do need to step down off the fence and put their ar** on the line with real policy statements.
    Now saying that does not mean that anyone in ff is better than them.
    snyper wrote: »
    When a labour TD was asked what reforms they would make t the health service and what cuts they would make, the only answer she would give is "efficiencies" "make run smoother" even after been pressed on it, wouldnt give a better more specific answer. Labour are sitting on a fence called "populice opinion", they need to get off it and let us know what we are voting for.

    It is very confortable on that fence at the moment.
    Also they are scared they will lose their voter appeal when they do actually come out with realisation they will have to hit their own core voters.

    Different is I believe that Labour would actually do some good and sacrifice some supporter goodwill, whereas ff sacrifices the rets of us for their supporters.

    I am not allowed discuss …



  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    Tora Bora wrote: »
    Ahem, ahem, ahem, FFS:eek: Charlie McGreedy, is also an accountant. So was the other fcukn Charlie, ... Haughey.:o

    One who has ultimately been proved wrong about his expansionist policies and the other, well, we all know about that thief.

    Your point?


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  • Registered Users, Registered Users 2 Posts: 12,555 ✭✭✭✭AckwelFoley


    jmayo wrote: »
    Actually you are to a degree as you openly state that you built a couple of houses.
    Thus you added to the construction bubble.
    Or perhaps you need to live in multiple houses like an infamous ex Mayo representative ?

    Please explain to mehow i have contribted to the fall of our economy? You do realise that demand for housing wasnt the problem, the price was - moreover the lending practices of our financial institutions and our governments failure to regulate those lending practices.. however how have i contributed to the bubble, any property i own - is mine.. the bank doesnt own it.. i made prudent financial decisons.

    However more worringly, i get the impression you have a problem that i own more than one property. Does this not fit into your left wing one man one house system? Do you begruge the fact that i worked very hard and long nights to secure abetter financial future for myself?

    What i owe the bank is less than most people owe for their car. i had money offered to me by the banks without me ever even asking for it, i turned them down,but i bothered by the fact i believe there are people that begruge me for working 90 hours per week in order to bettermy financal situation.

    Am i better off then sitting on my arse and letting the state pay for my house, my healthcare and my pension?


  • Registered Users, Registered Users 2 Posts: 13,189 ✭✭✭✭jmayo


    snyper wrote: »
    Please explain to mehow i have contribted to the fall of our economy? You do realise that demand for housing wasnt the problem, the price was - moreover the lending practices of our financial institutions and our governments failure to regulate those lending practices.. however how have i contributed to the bubble, any property i own - is mine.. the bank doesnt own it.. i made prudent financial decisons.

    Fair dues to you, you were smart and didn't borrow or borrowed only what you could repay.

    I said you contributed to the housing bubble as you admitted you built multiple (two) houses.
    Then I questioned if you needed two houses to live in, and if you didn't then you either built one as investment or for resale.
    Either way you were part, a very small part but still a part, of the construction bubble.

    I could also claim you were a vested interest in continuing the construction bubble as you admitted you worked for a supplier.
    But the real reason I claim you were partly responsible for the bubble and bust is because of your support for ff and their policies.
    Your post that I highlighted where you claimed that we had a brilliant economy and that us naysayers were BSing affectively backs up my point that you were more than happy with the way the economy had gone.
    snyper wrote: »
    However more worringly, i get the impression you have a problem that i own more than one property. Does this not fit into your left wing one man one house system? Do you begruge the fact that i worked very hard and long nights to secure abetter financial future for myself?

    I don't care how many properties you or anyone owns, but I do care when you and others back and support a political party whose policy is to turn the country into a property speculation bubble.
    I don't think anyone would accuse me of being of the left, especially when it comes to dealing with unions, unemployed wasters and criminals.
    In fact some would say I am far right in some ideas, although one of those ideas does not include privatising everything.
    snyper wrote: »
    What i owe the bank is less than most people owe for their car. i had money offered to me by the banks without me ever even asking for it, i turned them down,but i bothered by the fact i believe there are people that begruge me for working 90 hours per week in order to bettermy financal situation.

    Am i better off then sitting on my arse and letting the state pay for my house, my healthcare and my pension?

    I don't begrude you owning anything, building anything, but I damm well BLAME you and your fellow bertities who cheerled the chancers that got us into this mess.
    I have already dragged out a couple of prime examples of what you believed and what you supported.
    You were a pro ff, pro berte supporter and dismissed anyone who supporter other parties or anyone that questioned the so called brilliant economy that bertie had created.
    Now you are pedalling that my issue with you is that I am jealous or a begrudger of what you built.

    BTW didn't your old hero claim the exact same things about people who questioned his economy ?

    I am not allowed discuss …



  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭kaiser sauze


    snyper wrote: »
    You do realise that demand for housing wasnt the problem, ....

    <snip>

    Demand, that is, artificially boosted demand, was just as much of a problem.

    It was the combination of this and all the other factors that you mentioned that blew it all to hell.


  • Registered Users, Registered Users 2 Posts: 12,555 ✭✭✭✭AckwelFoley


    Lads, the problem wasnt the property boom. The problem was with the availibility of credit.

    Anglo - the prime example were funding developers at a rate that didnt shoulder the risk evenly on both parties, these banks were getting money from the internationl money lenders / banks and turning it over into developers that could build houses / apartment blocks and pay back anglo. Anglo gets rich, property developer gets rich and the government get rich.

    The problems however and yes i do admit that the scale of the problem and the actual amount of reliance we had on the construction sector was underestimated by myself, its not the boom that was the problem. It was the credit, if credit was stricter as it was prior to the boom, there wouldnt be the same risk, as people would think harder about spending their own money.

    Back into my micro economy.. i built 2 houses..the reason i did them so cheap is because i built them myself..literally..every block every inch, granted thats unusual and not available to most, but its what i can do. I could have done what many did and used the banks credit, got someone else to build them and no own 5 houses and owe the bank a million euro i couldnt afford to pay when i lost my job.. but common sence, even in the good times told my gut it couldnt last

    Those quotes from me - one of them is about Mr Bertie.. im no fan dispite what you claim, (hes a dub :D), but i do grow a little tired when people throw words corruption and cronie about without really much thought. If you read the other posts in the same thread i essentially say that most other politicians in my opinion would probably do the same..

    I do happily admit that the government have a large protion of the fault for not controlling the banking sector and buying the votes in their giveaway budgets rather than doing what would be smart and saving and investing for the rainy day such as now in jobs outside the construction sector.

    My quote regarding "we have a great economy" well, essentially we did, and we still do - granted there is no petrol in the tank, but we have better infrastructure, a more educated population and we are capable of a recovery better than we ever were when (not if) it comes about.

    We will recover, i believe we will do this regardless of which party is in power, Lab / FF / FG my greatest fear is when we have an extreme in power of any persuasion, we dont have a far right party thankfully, we do have far left, either political extremes are bad, im in the middle, dispite what you might think are my capitalist beliefs, i do believe that the centre is best, either extreme leads to serious inequality, yes there is inequality asis, but the level of inequality is much greater in countries with either far left or far right..

    The Labour party is going to be in the next government, i dont have much problem with them, many of their TD's are reputible candidates and will do a good job in government, however, i do have concerns with their leader who originated from the Democratic left, whos political policies make my stomach churn.. P De Rossa was quoted in the 80's that he wanted to model Ireland on Albania :/

    Again, im no fan of Bertie, essentiially im impartial to the man, i prefer not to jump on bandwagons, and failing to do so makes me look like i support him.

    I dont accept that the government are 100% responsible for our current situation, regardless of what thay did during the boom, we would still be in a recession, the rest of the world is in a recession, we couldnt have avoided it - what we could have avoided is the extent of how hard we were hit, and the level of our current debt, rather than give away all the finances when we had it, why didnt we save some of it so that perhaps our social welfare budget and impending debt wasnt as large was it is now?


  • Registered Users, Registered Users 2 Posts: 12,555 ✭✭✭✭AckwelFoley


    Demand, that is, artificially boosted demand, was just as much of a problem.

    It was the combination of this and all the other factors that you mentioned that blew it all to hell.

    Its a chicken and egg situation, demand was enabled by so much easy credit. I remember once a bank rang me and offered me 40k over the phone, even after i had my house built.

    "Yes mr snyper you are approved for a loan of 40k you have a very low mortgage"

    "But my house is finished?!"

    "Buy a car or go on a nice holiday"

    "What idiot buys a car or goes on a holiday and adds it to their mortgage and pays for the holiday and car over 35 years? Do you think im an idiot?"

    "No Mr Snyper"


    I think you do - *hangs up phone*


  • Closed Accounts Posts: 257 ✭✭geespot


    the problem with fianna fail was to give in to the unions creating wage epectations that were unrealistic thus making ireland a bad place to set up buisness or even come for a holiday also leading people to belive they could afford cars and houses which there was no good reason that they could and not taking in enough taxes which might have kept the situation a bit more realistic and had something to fall back on now somebody show me where labour suggested that these were the wrong policies to follow


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