Recipe for Recovery
Having all the necessary ingredients at hand, in the proper quantities, and of high quality, is usually essential when making tasty dinners and desserts. The same can be said for creating an atmosphere of optimism for recovery in an economy which is spiralling downward into lower and lower regions day after day without a bottom in sight. Haphazardly throwing whatever is at hand into a pot just to fill it up is a chancey approach to making a stew and so it is with tossing billions in bail-out money at the financial institutions to "force" an economic recovery.
We talked before on this blog, back in March, about the money machine in a five part series of how currency, wealth, and values have changed. Not much has happened in the financial or political circles since then that has convinced me that the Irish government would be doing anything proactive or constructive to remedy our own situation. The mismanagement of the public finances over the past 15 years has put us in an extremely bad position to weather out this economic perfect storm.
David "indigestion" McWilliams is grasping at optimistic straws in his article in the Sunday Business Post today; but, if it’s cheerleading you think you should be doing David, then go for it…just remember cheerleaders don’t win the games…it’s the players who have to make the points, and our side has forgotten who they are playing for. A quote from the article reads, "House prices and accomodation costs in general will collapse, unemployment will force wage rates down, transport prices will get lower and, more to the point, Science Foundation Ireland will spend €7 billion on education and training in the years ahead." The Science Foundation? That’s a joke right? And the funding for the "brutal infrastructure"? is to be paid for…by whom? the entrepreneurs we hope to "suck in" from all over Europe?
The only ones that will be getting sucked-in is us the taxpayers, the home owners, the skilled work force and the students, apart from that I cannot see anyone contributing to the black hole the politicians have made of Irish fiscal policy. Oh wait! How many billions will be promised if we get it right next time on the Lisbon Treaty referendum?
You can read David’s blog here.
- Politics, Caoimhin, Irish Culture, Irish Politics, All posts, Media and Journalism, World, Economy | Time: 2:59 am (UTC+8)
I agree completely with you
Comment by Dan Mihaliak — December 21, 2008 @ 4:14 am
SHOCKER NEWS The Real Economic News NOT IN THE MEDIA - Three must see videos
Here is something that can make you keep drinking and turn into a real “Irish Rover.”
- U.S. Economy In Danger Of Absolutely Tanking - Martial Law After US Economic Collapse Predicted - US Economy Is Toast -
(ON THE FRONT PAGE) at
http://www.euroyank.blogspot.com/
Comment by EuroYank — December 21, 2008 @ 7:17 am
Thanks for the comment Dan, it’s a shame how the revenues over these past years has been squandered!
Comment by Cao — December 21, 2008 @ 1:30 pm
Hello there Euro! Yep the economies are going to tank…despite any bailouts…thanks for the links!
Comment by Cao — December 21, 2008 @ 1:33 pm
*cough* You’re back! or am I dreaming?
Good to see you’ve still got the edge, CAO
Keep it coming!
Comment by steph — December 21, 2008 @ 5:16 pm
Thanks Steph, it’s good to be back!
Comment by Cao — December 21, 2008 @ 10:04 pm
Cao watch the complete video on EuroYank just to the right of Matrix. It gets really good after about 20 minutes. Give me your opinion. The complete video is 1.5 hours long but it covers everything I have been blogging about and is worth it!
Comment by EuroYank — January 30, 2009 @ 5:34 pm
yes i agree, cooking can creat an atmosphere of optimism, so i love to cook when come acorss something bad.
Comment by Best Chinese Recipes — November 26, 2009 @ 9:43 am