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) Comments (8)
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