"The Economy is in a Sweet Spot"

Del.Monte · 17-04-2019 02:00PM #1

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

GooglePlus · 17-04-2019 02:03PM

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

They don't care as long as everything looks good on paper.

ELM327 · 17-04-2019 02:03PM

Considering we have reached peak growth and growth has been slowing down since late Q4 '18, he is right, it's getting worse from here.

Recession imminent, 18-24 months. Italy already in recession, germany on the cusp

Blueshoe · 17-04-2019 02:06PM

ELM327 wrote: »

Considering we have reached peak growth and growth has been slowing down since late Q4 '18, he is right, it's getting worse from here.

Recession imminent, 18-24 months. Italy already in recession, germany on the cusp

I hope so

Idbatterim · 17-04-2019 02:07PM

Splinter is a magician, he has hundreds of thousands of working fools tricked into buying, that he actually represents the "early risers" interests :rolleyes: E1.50 a week usc reduction for a worker on E1.50 on roughly 34,000 a week the last few budgets. You have to be on 55,000 a year, to get the fiver that our industrious welfare wasters gets. Rocketing property costs. The latest idea of turning us into a nation of lifelong renters must be Splinters boyhood wet-dream come true! the most important thing, a roof over your head and security / stability, and they are doing their best to turn us into a nation of renting serf wh0res to the likes of Kennedy wilson.

Go collect your gold star from them you RAT vardadkar! I dont doubt the economy is growing, but dont tell me for a second that things are improving for all working people. Many of my mates and myself, living standards are going down, when you factor in the ridiculous cost of property!

You can take in many of your blinkered supporters with your spin and propaganda you narcissistic, sociopath fraud! But years of being lied to and many people wont be fooled another election!

Op you forgot to mention the biggest scandal, working people forking out over FIFTY percent of their income, paying a FIFTY percent marginal rate and getting SFA back, except to hear from the bleeding heart fool Joe Duffy and RTE, about how hard it is living on the worlds most generous welfare scheme and being homless put up in the likes of the Gresham, which working idiot would pay several hundred a night for!

Now dont get me wrong, I have compassion for many of the homeless! But is anyone interested in the "homed" working poor?

Cina · 17-04-2019 02:09PM

Almost everything you've listed in the OP has nothing to do with the economy.

whiskeyman · 17-04-2019 02:10PM

Must be an election on the way...

Idbatterim · 17-04-2019 02:13PM

whiskeyman wrote: »

Must be an election on the way...

seems so! Splinter might toss back E2 this budget to those earning around E34,000!

rgodard80a · 17-04-2019 02:18PM

Del.Monte wrote: »

Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

No, I'm sure there's others that don't understand the meaning of "economy" too.

Church on Tuesday · 17-04-2019 02:33PM

Not in the West it's not.

But sure, who cares.

Grandeeod · 17-04-2019 02:38PM

Cina wrote: »

Almost everything you've listed in the OP has nothing to do with the economy.

rgodard80a wrote: »

No, I'm sure there's others that don't understand the meaning of "economy" too.

Do both of you agree that the economy is in a sweet spot and as a nation we are doing well with lots of opportunities for all citizens to have happy and fulfilling lives?

ELM327 · 17-04-2019 02:42PM

Grandeeod wrote: »

Do both of you agree that the economy is in a sweet spot and as a nation we are doing well with lots of opportunities for all citizens to have happy and fulfilling lives?

I agree with that
Plenty of jobs and opportunities for those who are willing to work for them

mloc123 · 17-04-2019 02:42PM

The issues you list are all problems with society, not the economy

The economy IS good now, country is at full employment... people have money to spend and are spending it which is driving retail and hospitality.

Cina · 17-04-2019 02:47PM

Grandeeod wrote: »

Do both of you agree that the economy is in a sweet spot and as a nation we are doing well with lots of opportunities for all citizens to have happy and fulfilling lives?

I agree that the economy is in a sweet spot.

To your second, unrelated question, I'm 50/50. Opportunities are aplenty right now for people willing to find them but there are issues with healthcare, cost of living, childcare etc. that will prevent some from living "happy and fulfilling lives". These all have absolutely zilch to do with the economy.

Amirani · 17-04-2019 02:52PM

Del.Monte wrote: »

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

And what utopia would you be gone to that hasn't got any of these (or similar) issues?

Deebles McBeebles · 17-04-2019 02:53PM

ELM327 wrote: »

Recession imminent, 18-24 months. Italy already in recession, germany on the cusp

Sweet. Estate agents beware, winter is coming.

Ray Bloody Purchase · 17-04-2019 02:53PM

Things could be worse. I've a few pound in my pocket and nothing to worry about.

Relax comrade.

Gimme A Pound · 17-04-2019 02:55PM

Idbatterim wrote: »

Splinter is a magician, he has hundreds of thousands of working fools tricked into buying, that he actually represents the "early risers" interests :rolleyes: E1.50 a week usc reduction for a worker on E1.50 on roughly 34,000 a week the last few budgets. You have to be on 55,000 a year, to get the fiver that our industrious welfare wasters gets. Rocketing property costs. The latest idea of turning us into a nation of lifelong renters must be Splinters boyhood wet-dream come true! the most important thing, a roof over your head and security / stability, and they are doing their best to turn us into a nation of renting serf wh0res to the likes of Kennedy wilson.

Go collect your gold star from them you RAT vardadkar! I dont doubt the economy is growing, but dont tell me for a second that things are improving for all working people. Many of my mates and myself, living standards are going down, when you factor in the ridiculous cost of property!

You can take in many of your blinkered supporters with your spin and propaganda you narcissistic, sociopath fraud! But years of being lied to and many people wont be fooled another election!

Op you forgot to mention the biggest scandal, working people forking out over FIFTY percent of their income, paying a FIFTY percent marginal rate and getting SFA back, except to hear from the bleeding heart fool Joe Duffy and RTE, about how hard it is living on the worlds most generous welfare scheme and being homless put up in the likes of the Gresham, which working idiot would pay several hundred a night for!

Now dont get me wrong, I have compassion for many of the homeless! But is anyone interested in the "homed" working poor?

Anyone else enjoy this person's regular foaming-at-the-mouth meltdowns?

Cina wrote: »

Almost everything you've listed in the OP has nothing to do with the economy.

Pffft... what do ya be wantin' truth and facts and accuracy for?

uch · 17-04-2019 02:55PM

I wish it'd get into a sour spot, I miss the Public service bashing threads

17-04-2019 02:57PM

Idbatterim wrote: »

Splinter is a magician, he has hundreds of thousands of working fools tricked into buying, that he actually represents the "early risers" interests :rolleyes: E1.50 a week usc reduction for a worker on E1.50 on roughly 34,000 a week the last few budgets. You have to be on 55,000 a year, to get the fiver that our industrious welfare wasters gets. Rocketing property costs. The latest idea of turning us into a nation of lifelong renters must be Splinters boyhood wet-dream come true! the most important thing, a roof over your head and security / stability, and they are doing their best to turn us into a nation of renting serf wh0res to the likes of Kennedy wilson.

Go collect your gold star from them you RAT vardadkar! I dont doubt the economy is growing, but dont tell me for a second that things are improving for all working people. Many of my mates and myself, living standards are going down, when you factor in the ridiculous cost of property!

You can take in many of your blinkered supporters with your spin and propaganda you narcissistic, sociopath fraud! But years of being lied to and many people wont be fooled another election!

Op you forgot to mention the biggest scandal, working people forking out over FIFTY percent of their income, paying a FIFTY percent marginal rate and getting SFA back, except to hear from the bleeding heart fool Joe Duffy and RTE, about how hard it is living on the worlds most generous welfare scheme and being homless put up in the likes of the Gresham, which working idiot would pay several hundred a night for!

Now dont get me wrong, I have compassion for many of the homeless! But is anyone interested in the "homed" working poor?

It is very unlikely that you pay an effective tax rate of over 50%

JohnnyFlash · 17-04-2019 02:57PM

Deebles McBeebles wrote: »

Sweet. Estate agents beware, winter is coming.

Estate agents are already worried. I was boning a horny estate agent just after Christmas, and she was telling me that lack of affordability means gaffs are very low to sell. I

ELM327 · 17-04-2019 03:24PM

downtheroad wrote: »

It is very unlikely that you pay an effective tax rate of over 50%

+1
My income is quite a bit above the 55k threshold quoted by the OP and my effective tax rate is around 30-33%

17-04-2019 03:38PM

ELM327 wrote: »

+1
My income is quite a bit above the 55k threshold quoted by the OP and my effective tax rate is around 30-33%

Pension contributions would bring that tax rate down further if you can afford it and not already doing so.

Tacklebox · 17-04-2019 03:46PM

Looks like vegetable gardening and fishing is going to be popular soon again...

The road's will be quite in the morning and I'll still have my cushy state job....

Roll on the next recession I'm ready for it, yeeeehawwee....

Umbrellas up and ready to jump

Like a donkey following a carrot...

rgodard80a · 17-04-2019 03:49PM

JohnnyFlash wrote: »

I was boning a horny estate agent just after Christmas, and she was telling me that lack of affordability means gaffs are very low to sell.

She really knew how to talk dirty.
Or maybe it was more interesting than what was going on under the sheets.

techdiver · 17-04-2019 03:55PM

ELM327 wrote: »

+1
My income is quite a bit above the 55k threshold quoted by the OP and my effective tax rate is around 30-33%

Whilst I agree this is true, for every penny above the standard rate cut off you earn you lose 52% of it. It sickening to be honest.

Not to mention that single income households are creamed due to tax individualisation.

The_Kew_Tour · 17-04-2019 03:56PM

Just hope it's not as bad as 2008 to 2013. Tough times for so many.

Although was able but house out of it.

Balanadan · 17-04-2019 03:58PM

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

I wish you'd **** off with your negativity.

ELM327 · 17-04-2019 03:59PM

techdiver wrote: »

Whilst I agree this is true, for every penny above the standard rate cut off you earn you lose 52% of it. It sickening to be honest.

Not to mention that single income households are creamed due to tax individualisation.

I'm aware of that, however for anyone to claim that 52% of their income is taken in tax is moronic.

52% of your income above ~34k is taken.
Below 34k the rate is lower and a lot of the first 10k+ is tax free.

Hence the difference between marginal rate and effective/net rate

setanta1000 · 17-04-2019 04:00PM

Del.Monte wrote: »

Heard this incredible statement on RTE (could have been Newstalk) this morning. Does this fool live in the same country as me?

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

Whatever the fool mean this morning, this is my reading of how our country/economy is today (outside of certain parts of south County Dublin)

The drugs and crime situation is out of control.

Rural Ireland has been hollowed out on the population/employment/retail front.

We continue to fail to meet our greenhouse gas targets.

Near full employment - as promised for some years now - whatever it means in a world of massaged and incorrect figures. What sort of jobs?

Numerous HSE fiascoes - cervical scandal, trollies, waiting lists, National Childrens' Hospital....

Homeless crisis.

Impossibility for many people in good employment to buy a home.

BREXIT/Dissident threat/Border Poll and the potential consequences.

FAI scandal.

Thornton Hall Prison - whatever happened there?

e-voting machines - forgotten but not gone away.

and more and more and more.........

If it wasn't for my children being in Ireland, Guinness and Irish rugby I would be gone. Surely I'm not the only one offended by "The Economy is in a sweet spot"? :mad:

Ah... do you have an election manifesto that people of similar thinking can get behind and put your thoughts to the nation and see how many people you get to vote for you?

I for one took 5 minutes to research the statistics behind the IBEC statement and found that it is, in fact, correct...

Your Face · 17-04-2019 04:07PM

Del.Monte wrote: »

I remember years ago somebody in the audience on the Late Late Show stated that we used to have a country now we have an economy.

I hate these type of phrases.

"The Economy is in a Sweet Spot"

Comments