Excellent idea.

Yeah!
We’re back, baby!!

Whaddya mean ‘we’ paleface?

Who’s Irish economy grew?

Mine is still contracting.

Go to college so

Been there..in fact I was there during the corporate takeover of the mid seventies.

Its hardly worth the return visit, even if would allow me back. More cobwebs than the senate.

And I’ll have a hotel on Ailsbury..and three more houses on Shrewsbury…boom boom

I love the ‘solution’ upward revision in GNP growth for the second quarter. I wonder what that ‘growth’ is based on?
House tax will be kicking in at the end of the second quarter I can see that encouraging people to go out and spend….

after the budjet it will drop a hell of a lots more maybe 3/4%

Kennys 5 pint plan ….. He decided he couldnt publish the 5 point plan, after talking to his Manager.

Gross National Product – which includes only production by native Irish companies – fell by 0.4 per cent.
GNP is the true measure of how the domestic economy is progressing (or not in this case).

I have been trying to find the ‘corner’ that Kenny and Gilmore and FF before them kept telling us about. I have gone around as many of the corners in Ireland as i could find, but it hasn’t made any difference. This corner keeps being brought up at budget times by the Governments in power since 2007. Is it a magic corner that only FF/FFG/Labour know about, because i am going around the bend trying to get around the corner.

You guys will get such a kicking at the polls next time out, and i really hope its before you cross that magic pension line in February.

Begrudgery and moaning gets you nowhere lads

No, that takes deference and conformity. Don’t forget your forelock when your shinnying up the pole.

Yes Conor, we should look to the positives.

Lets all hold hands and take windy walks in the park together.

Conor, putting out manipulated ‘spin figures’ gets us nowhere either. Either the Government acknowledges that our GNP (GNP is the real measure of the Irish domestic economy) is continuing to shrink in response to austerity budgets, or nothing is going to change.
Something needs to change, and its not our comments…. Government policy needs addressing. They were warned by the IMF that continuing the program of austerity was going to heavily impact our GNP, but our intelligencia think they know better. They are a shower of morons. Nobel prize winning economists warned their approach was destroying the economy, but our shower of self-servers still went ahead with it. One of Irelands pre-eminient economists, Constantin Gorgdiev predicted continuing austerity was going to destroy the domestic economy… Are they all begrudgers, or are they right?
Its time for the people to know how much of this was pre-warned, so that the Spin masters can’t say after the fact, they could only do what they thought was right.
25 Billion euro has been cut from Government spending and increased tax take over the last 5 years. We have only shrunk our spending deficit by only 2%…. this is just crazy, and i am not being negative, just honest.

I think the question @cal, that you’re not asking is what would the deficit have been had the government not cut spending?

And the elephantine question your not addressing is what would it have been if we had a vertebrate government like Iceland’s.

Hmm unlike Iceland, we import most of our oil, gas and food. A sudden depreciation in currency would push the price of most of our basic commodities up. So in answer to your question, fooked.

Food exports are booming. Where are you getting your disinformation?

We have gas in the bank offshore that could be used to leverage finance while we renegotiate its EVENTUAL extraction on beneficial terms, rather than on bribed white-collar fraudulent extortion.

We should not be sacraficing our own interests to placate British, French and German ‘fastrack’ insider Euro-dominance. More golden circle plutocracy. Commodities are, and will rise, always have.

Latvia’s economy rebounded strongly after an Irish like collapse. Like Ireland its over-extended banking system disintegrated at the end of a property/construction boom.
The Latvia government responded by cutting spending and refused to bail out insolvent banks.
Their economy returned to growth in 2010. Unemployment has fallen from 20% to 11%.

online.wsj.com/article/SB20001424127887324894104578109581998080460.html

I was in Latvia in May, if that is a model for us then we are finished. It is a destitute country. I’ve never seen anything like it. When you are at the level that they are, cuts like that work. When all you do is live in poverty and turnips then it doesn’t make much difference and any lift at all will give you growth.

Try what they did in any modern country and you’ll add on 5% unemployment a year.

Eating turnips causes unemployment.
Interesting analysis, but hard to believe Steve.

Watch the swinging watch the swinging watch frank…..now the figure add up..the figures add up…we are all in clover..all in clover…just some are more in it than others.

Whatdya mean it aint clover?Eat it you ingrate.

Yep, the hypnotics will wear off soon, and what will we have, a shell of a country years behind the rest of europe. welcome back to 60/70s ireland

As you say…a Shell of a country..lets see will it print this time.

That you have so many red thumbs is very worrying Frank. What you said is a fact and red thumbing it, is just a sign of people confusing positive thinking with head in the sand thinking.

yea was a bit shocked myself steven, the gombeens are out in force. we are getting further and further behind the rest of europe. kenny is so focused on pleasing the rest of europe he is turning this country into a wasteland. wait until the mortgage crisis hits. the only way out of this mess is to concentrate on getting our domestic economy moving and get the country back to work bt they seem to be intent on the opposite

@Frank, you underestimate the scale of the problem.

The neoliberal theology is bankrupt, not just the local pool. The only way out is a new global sustainable post-national analysis and understanding that recognises land and resources as a commonwealth, but not as her maj, Lizzie Windsor conceives commonwealth.

Its busted. They just wont admit it until we prise the joystick from their cold dead fingers. And we better have a more viable replacement than restoration of status quo ante.
Thats if there is anything left to retrieve when they are finished. Last century sets unsanguine precedents.

Yes Damien on the grand scale of things the system as we know it is dead. Galbraith said ‘“When faced with the choice between changing one’s mind and proving that there is no need to do so, almost everyone gets busy on the proof.” and therin lies the problem. as for a viable replacement im not sure but i think we need to burn the few in order for the many to survive

Well said. Ignore the red thumbers, they want to believe so much they’ll believe anything.

Ok, link me to where our government published false figures about our economy. Not incorrect predictions btw. Lieing isn’t a grey area when it comes to figures, wither they did or they didn’t. When did they lie about figures?

When they said they figured they’d do a better job than the other FFers …and then did the same job more efficiently..or was that a prediction?

They have consistently lied about Croke Park, deliberately avoiding publishing the true figures is lieing!

How? You’re retired and don’t pay your taxes?

Wow
a new name on the block !

Thats on Friday, didn’t you get your Mayaman of the Year calendar?

Buncha cEUt hEUrz.

They are talking about the Eurozone facing a decade long slump. I know it is handy not having to take 20 minutes to que to get foreign currency and for international trade but at the cost of destroying the economy of Europe. The Euro will go down as the greatest mistake since Operation Barbarossa.