Yep… and then POP the another bubble bursting. Export => Oil. Pharma => Oil. Peak oil has hit, that means a problem in the future.

Sure the entire global market system is based on bubble-burst cycles – it’s all speculative, like gambling.. To succeed you just have to be good at hopping from bubble to bubble. Except as opposed to traditional gambling, the house doesn’t always win because the dices are loaded in favour of the wealthy.

Some laff!

Fair point.
Personally though, I’d like to see a managed change away from the market system, rather than it’s relentless promotion. The government are just setting the country up for the next big crash….
Guess it depends on what our goals are, but there’s gotta be better ways to organize ourselves than this!

Economies are like ugly men asking women out. We should all be spouting confidence in the economy, she’d pick right up

So rather than try to get the country living within its means, we should just borrow, borrow, borrow should we? Maybe we could use all this borrowed money to start our own space programme!

But obviously we wont borrow from the IMF/EU I suppose as they’ll only boss us around. Should we just drown ourselves in debt and interest repayments?

Gordon; i think Ryan might have thought that you were supporting the argument, not realising that you were knocking it!

Yes, low paid cos we’ll be glad of a job; English speaking- relatively well-educated. Yes we’ll definitely be attractive!!!

I do think that tho that people do try to stand up for themselves……. the problem is that nobody listens or takes any notice! I’m hopeful that that might change soon.

Ryan,
I guess you are from the “There’s No Other Option” school of thought. At this stage I don’t know what options are left, but both the last government and this one (same policies) have not being heeding the majority view of economists. They have haemorrhaged options all the while claiming that there are no other options…. AND people believed them!!
The country is living beyond it’s means because there has been a collapse in tax revenue not just because too much is being spent. That resulted from following the PD agenda of liberalisation of regulation. The government hasn’t governed and continues to not do so. So much so that Phil Hogan seems to think saying “it’s in the IMF programme” is justification for any action. All the while breaking promises…. but I guess the people of Ireland have consistently voted for corruption.

The neoliberals condemn your inefficient use of taxpayer’s money, by using three separate methods of execution, and believe you should send them all to the chopping block.

Austerity cannot be halted, even in the midst of a French-Revolution style bloodbath!

If he wants to get a bang for his buck, then let him. That’s how liberal capitalism works. It’s the fault of our government, financial regulator and (most of all) Bank of Ireland itself that it ran into a hole in the ground.

Wilbur Ross is still one of very few people who will invest in Ireland at the moment. He’s taking a significant risk, given local and global conditions. If I could magic up that much financing, I would not put it in an Irish bank. Simple as that. There’s a good chance my money would not see the light of day again.

If you want to take a jab at speculators, then go ahead – that’s an ideological position. But in free-market Ireland, Ross is doing us a massive favour.

Yes and it is worth remembering that the state, the taxpayer, is still on the hook for all BOI debt under the recapitalization program.

Thus my point…. It’s in their interest to talk up the Irish Economy….

UK. Screwed just richer to start off with
USA screwed see above
Japan.
Not exactly in great shape

Germany is half catholic down south you know where BMW and mercedes are.

Yep, and they’re also the most family orientated countries too…just food for thought..

Run out of things to criticise the Catholic Church for did you? I take it you’ll be attacking the Jewish bankers and businessmen next will you, such is your love of the lowest common denominator? If you made these comments about any other religion you’d be subject to a lot of vitriol here, so hopefully this will get the same reaction.

PS: That ultimate of economic basketcases, Greece, is actually dominated religion wise by the Greek Orthodox Church. Probably didn’t notice that on account of your religious bigotry and intolerance.

David McWilliams mentioned this at an economics seminar, I think it was Zeitgeist.
He said something along the lines of Protestants and other religions naturally being more prudent and conservative with money.

Run the country like your own personal fifedom, bankrupt it, while lining your pockets, impose swinging cuts and let someone else clear up your mess? Yeah, well done Fianna Fail.

Ya well done FF for getting us into this mess first and refusing to heed warnings and yer consistent give away budgets that led to this dependency on the Irish welfare system rather than encouraging the value of work in a export driven economy! Mad props dude!

A commendation from the brainwashed goons who set up a twitter profile photo saying no to e-voting.

It’s a bit like being congratulated on your tolerance for the booze. By Biffo.

Get a grip North “Ogre” FF. The ppl of Ireland will not forget the mess u left us all with. Don’t think u can pat yourselves on the back. The people are suffering & it is uplifting someone like Wilbur Ross is showing confidence in Ireland. It’s the peoples determination to set right what FF have done that has drawn his praise.