Thursday, September 23, 2010

Irish Economy Shrinks - Can We Be Surprised?

Can we be surprised that the Irish economy shrank in the second quarter of this year? A clueless government has no idea what it is at and is simply making it up as it goes along - and getting it wrong again and again.

How could our economy grow when the government itself is responsible for creating so much economic uncertainty? Lenihan tells us that cuts in excess of 3 billion need to be made, fanning the flames of fear and unease which, in turn, cause people not to spend or invest. Jobless numbers rise and we get a pathetic eleventh hour summit of state agencies assembled by a beleaguered and floundering prime minister who has clearly lost the confidence of the country and of many in his own party. Emigration rises, particularly among the young and well educated, the very people who were supposed to be our best assets and our hope for the future. They now find work in Australia, Canada, Germany, Britain and Europe and leave Ireland in their thousands, let down by a government forever tainted by the whiff of corruption and incompetence. Those who remain behind are suffering job losses; reduced hours; massive wage cuts, particularly in the public sector, and a general air of hopelessness.

As long as this government holds on to power there will be no improvement in the economy. No one has faith in them and no one believes what they say anymore. While Lenihan may sound convincing, the fact is that his policies and predictions have been wrong at every turn. In the upcoming budget, he is likely to completely destroy the Irish economy and the country with it. His policies are wrong, period.

When we need leaders, we have a band of discredited and worthless cretins in power. They hold power under false pretences and have usurped our democracy. They have no right or capability to govern and should be routed at the earliest opportunity.

Get them out!