Front page comment from the Sunday Independent on the economy (13 July 2008):
“We are, it’s true, caught in the economic cataclysm that has hit the developed world, but this dreadful cycle will, in time, come to an end, though nobody can say when…
The onset of the recession was, however, eminently predictable. Mr Cowen and Mr Lenihan, having risen to the highest offices the country, have given the impression that they opened the books and were shocked by what they saw. Apart from the fact that Mr Cowen was Finance Minister for the past four years, rarely can an economic collapse have been as well signposted as this one was over the past 18 months.
Were our leaders sleepwalking? Or in denial?
..or just reading the Sunday Independent?
Front page comment from the Sunday Independent on the economy (21 October 2007 - rather more recent than 18 months):
Someone should sit George Lee and the rest of them down and slowly and calmly explain to them that these things go in cycles, like seasons, or womenfolk. Always have done, always will. George is like a man standing on Sandymount strand watching the tide going out, roaring into his microphone “The tide is going out! The tide is going out! If things continue like this, we’ll soon be able to walk to England! The end is nigh!” And equally then standing there just hours later watching the tide coming in say “The tide is coming in! The tide is coming in! If it continues like this O’Connell Street will be flooded by Tuesday.”…
The good news is that despite this much over-hyped slight slowdown in growth, public servants will still get a five per cent wage increase next year, no matter what. This is roughly what Brian Cowen means when he says it will cost five per cent more to keep the same level of public services next year. What he really means is that it will cost five per cent more to keep the same level of public servants, which he, in his innocence, equates to the same level of services.
It wouldn’t matter if people didn’t take the Sindo seriously, but God protect Ireland, people do.
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2 responses so far ↓
1 Fergus O'Rourke // Jul 13, 2008 at 7:51 am
Well done - again !
2 Sunday Paper digest | Gavin's Blog // Jul 13, 2008 at 7:22 pm
[...] of himself. His latest rant borders on the insane. It is worth reading just to see how wrong he is. Richard points to an article by O’Connor from last year that is almost the opposite of what he is [...]
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