We're back in recession

blackbullet

for some reason i dont think we were never out of the recession since it started 5 years ago.

eric hoone

blackbullet wrote: »

for some reason i dont think we were never out of the recession since it started 5 years ago.

+1, anything else was just a jobless recovery anyway.

shedweller

Were we out? I havent noticed anything??

Dannyboy83

http://www.irishtimes.com/business/economy/ireland/ireland-s-economy-lurches-back-into-recession-1.1444786
In just three months, the volume of goods and services exports fell by 3.2 per cent. This reflects weak demand in export markets and raises questions about the extent to which the economy has regained competitiveness.

Domestic demand, a measure that excludes imports and exports, fell by 1.5 per cent, bring the domestic economy to a new post-crash low point.

This was driven by a sharp contraction in spending by consumers

I guess what makes it significance is the dip in the export economy, which has actually been doing quite well.

The domestic economy continues to contract which I personally don't find surprising, as long as our net incomes continue to contract due to taxation or cost of living increases.

http://www.finfacts.ie/irishfinancenews/article_1026198.shtml
Growth in 2012 was revised down from a previously reported 0.9% to a 0.2% rise in GDP.

In April, John FitzGerald of the ESRI published research which showed that GNP data has been polluted in recent years by big overseas companies moving their headquarters to Ireland.

likeyouI

My view is that emigration is on the drop so the recession is on the increase

MrGreenfun

i think this should be watched by everyone in ireland maybe then we will grow a backbone and stand up together as a nation and put the bankers in prison http://www.youtube.com/watch?v=c4Tace-tjHc&feature=youtu.be

audman

MrGreenfun wrote: »

i think this should be watched by everyone in ireland maybe then we will grow a backbone and stand up together as a nation and put the bankers in prison http://www.youtube.com/watch?v=c4Tace-tjHc&feature=youtu.be

http://m.youtube.com/#/watch?v=koY6kXhQDQo&desktop_uri=%2Fwatch%3Fv%3DkoY6kXhQDQo

My two pence goes to this brave and honest soldier, we need an army of people like this to fight this war of recession against our enemies that are the politicians/governmental members of the country that we call ours, Ireland.

shedweller

"Driven by a sharp drop in consumer spending"
Would the increase in taxes have much to do with this, I wonder?

Dob74

blackbullet wrote: »

for some reason i dont think we were never out of the recession since it started 5 years ago.

It's time we call it what it is a DEPRESSION.

The sooner we face up to the fact.
The sooner we can try and cut prices for consumers. Food, utilities still way to expensive.

RichardAnd

MrGreenfun wrote: »

i think this should be watched by everyone in ireland maybe then we will grow a backbone and stand up together as a nation and put the bankers in prison http://www.youtube.com/watch?v=c4Tace-tjHc&feature=youtu.be

Thank you for posting this film. I admire anyone who stands up and goes again the sea of bulls**t that has flooded this country and many others.

KindOfIrish

"We're back in recession"

Who cares! property prices are going up:D

beeno67

Dob74 wrote: »

It's time we call it what it is a DEPRESSION.

The sooner we face up to the fact.
The sooner we can try and cut prices for consumers. Food, utilities still way to expensive.

How will calling it a depression make any difference?

audman

beeno67 wrote: »

How will calling it a depression make any difference?

I agree but it teases out the expression 'Recession Depression' which in my honest opinion is rather catchy!

ardmacha

The regression to recession is depressin'

amber07

beeno67 wrote: »

How will calling it a depression make any difference?

it is depression, suicide rate is way up. theres enough money in the lottery to pay off loans for people who are in need, the government need to cap the winnings at 1 million in any rollover,give the rest to mabs and let them help the people with paying off loans etc, talk and holding off creditors is not enough. people are dying,can anyone in the government please help

Uriel.

amber07 wrote: »

it is depression, suicide rate is way up. theres enough money in the lottery to pay off loans for people who are in need, the government need to cap the winnings at 1 million in any rollover,give the rest to mabs and let them help the people with paying off loans etc, talk and holding off creditors is not enough. people are dying,can anyone in the government please help

Why should other people fund overspending and poor planning of individuals. Lottery funds are paid for by participants and they go back to (winning) participants, charity organisations, the lottery company and to the government (tax on purchases of tickets).

Why should sport charities, or disability charities etc.. lose out because someone overstretched themselves. Taxes already pay substantially to support these people in need.

amber07

Uriel. wrote: »

Why should other people fund overspending and poor planning of individuals. Lottery funds are paid for by participants and they go back to (winning) participants, charity organisations, the lottery company and to the government (tax on purchases of tickets).

Why should sport charities, or disability charities etc.. lose out because someone overstretched themselves. Taxes already pay substantially to support these people in need.

im saying the lottery is the peoples money,poor people spend on lottery tickets in the hope of winning some money,theres still plenty to go around for everyone if it was shared equally. thats whats wrong with the world its full of greed

Godge

amber07 wrote: »

it is depression, suicide rate is way up. theres enough money in the lottery to pay off loans for people who are in need, the government need to cap the winnings at 1 million in any rollover,give the rest to mabs and let them help the people with paying off loans etc, talk and holding off creditors is not enough. people are dying,can anyone in the government please help

You won't see me buying a lottery ticket to go towards bailing others out for their mistakes.

"In need" is relative, the money would be better going to the homeless on the streets in Dublin and elsewhere in the world than going to pay for McMansions in the countryside.

melekalikimaka

take responsibility for your own messes and stop trying to get people to bail you out.

sickening attiudes here


<mounts high horse , rides into sunset>

Uriel.

amber07 wrote: »

im saying the lottery is the peoples money,poor people spend on lottery tickets in the hope of winning some money,theres still plenty to go around for everyone if it was shared equally. thats whats wrong with the world its full of greed

poor people shouldn't be buying lottery tickets if they can't afford to live.

The "peoples money" as you call it, is available in the very generous social welfare supports.

amber07

Uriel. wrote: »

poor people shouldn't be buying lottery tickets if they can't afford to live.

The "peoples money" as you call it, is available in the very generous social welfare supports.

u reckon?..what do people on the dole have left after they pay their bills?,they pay the same prices for stuff as everyone else,tax vat etc,they dont have discount cards .if you want to know how to live on the dole be prepared to live on potatos onions,gravy,bread,butter and beans,if you like a taste of meat for a sunday,spar dogfood is good baked for 20 mins covered with pastry.,not everyone is in a bad financial wat through their own fault,not everyone borrowed to keep up a posh front. so its ok to keep reducing the dole allowences is it,the poor always pay for others mistakes.

Uriel.

amber07 wrote: »

u reckon?..what do people on the dole have left after they pay their bills?,they pay the same prices for stuff as everyone else,tax vat etc,they dont have discount cards .if you want to know how to live on the dole be prepared to live on potatos onions,gravy,bread,butter and beans,if you like a taste of meat for a sunday,spar dogfood is good baked for 20 mins covered with pastry.,not everyone is in a bad financial wat through their own fault,not everyone borrowed to keep up a posh front. so its ok to keep reducing the dole allowences is it,the poor always pay for others mistakes.

After they pay their basic bills (i.e. not including broadband, Sky etc..) and basic food they should have close to zero left. Maybe a little but to put by for clothing needs etc.. but if they have much more than that then the dole is too high.

When has the dole been reduced, and by how much? What about all of the other supports that are available on top of the weekly dole money? Life is tough on the dole no doubt it, but that's the way it is and I don't believe anyone is resorting to eating dog food, so calm the hysteria

amber07

what other supports?, i dont know anyone on the dole that has sky.and im not lying about the dog food either. theres no compassion for anyone in this country thats why its the way it is,selfishness and greed. the devil is alive and well and living in ireland.

Uriel.

amber07 wrote: »

what other supports?, i dont know anyone on the dole that has sky.and im not lying about the dog food either. theres no compassion for anyone in this country thats why its the way it is,selfishness and greed. the devil is alive and well and living in ireland.

Rent Supplement, Mortgage Interest Supplement, Fuel Allowance, Medical Card, Back to School Clothing and Footwear Allowance, Schoolbooks Allowance to name some.

There's plenty of compassion, it's just described as the difference between Gross and Net Pay.

Godge

amber07 wrote: »

im saying the lottery is the peoples money,poor people spend on lottery tickets in the hope of winning some money,theres still plenty to go around for everyone if it was shared equally. thats whats wrong with the world its full of greed

Nobody will buy lottery tickets if they are just another tax to pay social welfare.

It is a nice idea for helping people but it just won't work.

amber07

Uriel. wrote: »

Rent Supplement, Mortgage Interest Supplement, Fuel Allowance, Medical Card, Back to School Clothing and Footwear Allowance, Schoolbooks Allowance to name some.

There's plenty of compassion, it's just described as the difference between Gross and Net Pay.

ya?, go back to sleep,youre not in touch with reality at all,brush it all under the carpet like all the rest of this country and dont forget to say a prayer for my friend 47yrs of age who died by suicide over this recession,she had no fancy life or flash cars etc that seems to be the opinion that everyone borrowed above their means to have a flash lifestyle,well thats not the case. wake up and join the real world...GOODBYE...

Mr.Wemmick

Uriel. wrote: »

poor people shouldn't be buying lottery tickets if they can't afford to live.

The "peoples money" as you call it, is available in the very generous social welfare supports.

Generous welfare in a country that has very high costs full stop. There is no point here in moaning on about welfare costs when the whole country is out of kilter cost wise.. ever think the dole is high because of how much is needed for living. Yeah, but why go go there, it 's much more fun just to bicker about lottery tickets and make generalisations about the unemployed..

I got a shock last week when the same shopping trolley of food in Germany cost me half of what tescos charges in Dublin. If I do Lidl or Adli, it's half the cost of Ireland again.
Why is this broke country out on a controlled tail spin when it comes to money and costs..

but nevermind, eh? Lets just continue to moan about all the dole money spent on lottery tickets.. oh and don't forget, the unemployed are all smoking and drinking it too..
the b!§$ards! the lot of 'em :rolleyes:

Uriel.

amber07 wrote: »

ya?, go back to sleep,youre not in touch with reality at all,brush it all under the carpet like all the rest of this country and dont forget to say a prayer for my friend 47yrs of age who died by suicide over this recession,she had no fancy life or flash cars etc that seems to be the opinion that everyone borrowed above their means to have a flash lifestyle,well thats not the case. wake up and join the real world...GOODBYE...

You sound like someone who likes to let their emotions get in the way realistic debate.

The real question is why should there be additional non exchequer funding of social welfare?

Well why did your friend die by suicide? How did the recession cause the problem? Did she have nowhere to live? Did the state not provide support to get by?

Uriel.

Mr.Wemmick wrote: »

Generous welfare in a country that has very high costs full stop. There is no point here in moaning on about welfare costs when the whole country is out of kilter cost wise.. ever think the dole is high because of how much is needed for living. Yeah, but why go go there, it 's much more fun just to bicker about lottery tickets and make generalisations about the unemployed..

I got a shock last week when the same shopping trolley of food in Germany cost me half of what tescos charges in Dublin. If I do Lidl or Adli, it's half the cost of Ireland again.
Why is this broke country out on a controlled tail spin when it comes to money and costs..

but nevermind, eh? Lets just continue to moan about all the dole money spent on lottery tickets.. oh and don't forget, the unemployed are all smoking and drinking it too..
the b!§$ards! the lot of 'em :rolleyes:

Who is making generalisatios? I certainly didn't. I never mentioned smoking or drinking nor did I classify them as "bastards"?

Also nobody moaned about spending dole money on lottery tickets. The OP's point was that there should be a ceiling on the lottery jackpot with excess going to fund services for "the poor". But why should lottery funds be siphoned off to prop up the social welfare system?

amber07

funds should be available so that the christmas bonus can be given out again ,give the poorer people back a bit of good cheer and my friend didnt smoke or drink,not everyone that are unemployd are smoking and drinking,she couldnt cope anymore with her depression since this recession started,she felt she left her kids down because she could no longer support them the way she wanted to. not everyone thats unemployd wants it that way,it happened to them because of businesses folding.

Ronan|Raven

amber07 wrote: »

funds should be available so that the christmas bonus can be given out again .

Why should it?

Uriel.

amber07 wrote: »

funds should be available so that the christmas bonus can be given out again ,give the poorer people back a bit of good cheer and my friend didnt smoke or drink,not everyone that are unemployd are smoking and drinking,she couldnt cope anymore with her depression since this recession started,she felt she left her kids down because she could no longer support them the way she wanted to. not everyone thats unemployd wants it that way,it happened to them because of businesses folding.

The purpose of the dole is not to provide "good cheer". I never intimated that you're friend smoked or drank or that everyone on the dole does. Some (a lot) do I would guess. Did her committing suicide improve her kid's situation or let them down further?I am sure there were other underlying causes.

Providing additional welfare benefits is a disincentive to work. The recession won't last forever.

amber07

Ronan|Raven wrote: »

Why should it?

because every little child deserves a proper gift at christmas,more people can buy more fuel and food,i dont agree at all with social welfare cuts and childrens allowence cuts. why should the poorest of society pay so that the government can cut corners?,what those guys would have for 1 meal would feed a person on the dole for a few days,im on the side of the people whose voices arent heard

amber07

Uriel. wrote: »

The purpose of the dole is not to provide "good cheer". I never intimated that you're friend smoked or drank or that everyone on the dole does. Some (a lot) do I would guess. Did her committing suicide improve her kid's situation or let them down further?I am sure there were other underlying causes.

Providing additional welfare benefits is a disincentive to work. The recession won't last forever.

it was bills that crucified her, single mom, living on pittance ,theres only so much a person can take.her brother has the kids,theyre fine now,growing up,and i hope their lives will be better than their moms.

Zillah

MrGreenfun wrote: »

i think this should be watched by everyone in ireland maybe then we will grow a backbone and stand up together as a nation and put the bankers in prison http://www.youtube.com/watch?v=c4Tace-tjHc&feature=youtu.be

This is the most hilarious things I've seen in months. "We are a people who are the ghosts which haunt themselves" ahahahaha *INVERTED SHOT FOR NO REASON*. Oh man this is such a good parody. Thomas Sheridan in association with Thomas Sheridan Arts. A film by Mark Higginbotham. Directed and Produced by Mark Higginbotham. Sandwiches supplied by Mark Higginbotham. *one hour of inarticulate ramblings*

My favourite though: "Note:This film contains creative raw audio and experimental visuals in order to engage with & stimulate both hemispheres of the brain"

Science!

blackbullet

I agree completely sorry to here about your friend they bring back the xmas bonus asusual theyll give out about the cost,a lot of folks dont chear at xmas to stress full.and anyone whos on welfare would like to have a job.

noodler

Godge wrote: »

Nobody will buy lottery tickets if they are just another tax to pay social welfare.

It is a nice idea for helping people but it just won't work.

Or the salaries of public sector workers, hospitals, bank recapitalisations etc.

creedp

noodler wrote: »

Or the salaries of public sector workers, hospitals, bank recapitalisations etc.

I can only assume you mean that the taxpayer will avail of health, education, policing, road, rail, etc services but don't want to pay for it! Its one thing arguing that PS salaries are too high .. its another thing altogether to argue against paying PS salaries.

On the lotto issue, I might be in the minority but I consider the Euro lottery payout of €94m obsence in a Europe that is wrecked by austerity. While it is legally correct it is morally wrong in my view to be screwing the majority and at the same time handing over such an enormous sum of money to 1 person.

noodler

creedp wrote: »

I can only assume you mean that the taxpayer will avail of health, education, policing, road, rail, etc services but don't want to pay for it! Its one thing arguing that PS salaries are too high .. its another thing altogether to argue against paying PS salaries.

???

Baffling post.

hinault

GDP down.
Unemployment/Under employment static.
Emigration increasing.
Mortgage arrears increasing.
National debt increasing.

Depression might be a more accurate description than recession.

SpaceTime

It's gone on way, way too long to be called a 'recession' or a 'crisis'.

Depression is probably more accurate alright.

Godge

noodler wrote: »

Or the salaries of public sector workers, hospitals, bank recapitalisations etc.

What has this got to do with the discussion?

The proposal was that lottery money should be used to provide more social welfare.

I suggested that people wouldn't buy lottery tickets if it was going to social welfare instead of prizes.

How you jump to public sector workers and banks from that I don't know (unless who have a fixation on those issues)?

Potatoeman

I think there needs to be a decent gap between take home minimum wage pay and dole. Otherwise why would anyone take minimum wage job and work a 40hr week?
For those calling for wealth redistribution, please tell us how much of your income goes to the third world?

amber07

blackbullet wrote: »

I agree completely sorry to here about your friend they bring back the xmas bonus asusual theyll give out about the cost,a lot of folks dont chear at xmas to stress full.and anyone whos on welfare would like to have a job.

yes,thank you. tomorrow ill be raising the subject of adoption in ireland in the 1950s , more coverups there and ill bring it to light, rules and regulations ,corrupt,ive only started,time the truth was known,this is for me and every other child that was adopted in the 50ths.

Cuddlesworth

Potatoeman wrote: »

Otherwise why would anyone take minimum wage job and work a 40hr week?

For the potential to earn far more? Its a rare type of person that can't see beyond the minimum wage as the start of long term wages.

Tea drinker

amber07 wrote: »

because every little child deserves a proper gift at christmas,more people can buy more fuel and food,i dont agree at all with social welfare cuts and childrens allowence cuts. why should the poorest of society pay so that the government can cut corners?,what those guys would have for 1 meal would feed a person on the dole for a few days,im on the side of the people whose voices arent heard

hang on, who told you they were the poorest of society? Anecdotally I know of 2 families who gace up work to go on the dole, because it was better money

maninasia

I got a shock last week when the same shopping trolley of food in Germany cost me half of what tescos charges in Dublin. If I do Lidl or Adli, it's half the cost of Ireland again.

I don't believe this is remotely accurate.

Potatoeman

Cuddlesworth wrote: »

For the potential to earn far more? Its a rare type of person that can't see beyond the minimum wage as the start of long term wages.

If the person has some skill or training. Many minimum wage jobs have little chance to advance. My point was that it should be viable to work a minimum wage job and not just as a stepping stone.

MrGreenfun

Zillah wrote: »

This is the most hilarious things I've seen in months. "We are a people who are the ghosts which haunt themselves" ahahahaha *INVERTED SHOT FOR NO REASON*. Oh man this is such a good parody. Thomas Sheridan in association with Thomas Sheridan Arts. A film by Mark Higginbotham. Directed and Produced by Mark Higginbotham. Sandwiches supplied by Mark Higginbotham. *one hour of inarticulate ramblings*

My favourite though: "Note:This film contains creative raw audio and experimental visuals in order to engage with & stimulate both hemispheres of the brain"

Science!

who the **** are you to say what is right and wrong im just spreading the word because 2 thirds of ireland dont know whats really going on and the other third dont give a ****... and if you watch the documentaries that have literally started a movement... ie zeitgeist.... fair enough its about america but the same things are going on there as here... the only thing ireland is a lot smaller so the big boys (bankers and the like) should not be able to **** us all over and dissapear like in america they should be shot !!!!!!!

SyntonFenix

amber07 wrote: »

if you want to know how to live on the dole be prepared to live on potatos onions,gravy,bread,butter and beans,if you like a taste of meat for a sunday,spar dogfood is good baked for 20 mins covered with pastry.

nice_guy80

to be abroad and see the difference in how people are still spending money makes me realise how much of a recession there is in Ireland

not enough people do not have disposable income in Ireland