May Exchequer Returns

[rockyracoon]

Excuse the ignorance everybody. Are these data available on-line or do you have to subscribe to a service? Thanks for any answers.

Btw I still don't think everything is gloom and doom. At lot of the spending was probably on roads, etc. It was manic here before the election. Every by-road was being dug up and tarmaced. Now there is no work being done at all. Plus this money spent is recycled into the economy via wages. etc.

[Sidewinder]

FG were scared to tackle FF/PD on the economy, Hank. There was a huge, huge list of economic issues this government could have been torn apart on, but instead youse caved in the face of the media/VI consensus/spin that "everything is wonderful".

If youse had had the courage to confront the lies head-on and refuse to back down, call them damn liars to their faces and ream off the figures and the effects their economic mismanagement is having on the quality of life of hundreds of thousands of families, youse might have walked it. But you let yerselves be bullied by the vested interests (for whom the Ahern years have indeed been very, very good while the rest of us suffered) and the arrogant brass-necked bluster of the Kleptocracy.

[freedomlover]

Figures just out today, from the RTE web site:

"In May alone, new car sales were 20,689, an increase of 17.6% on the
same month last year, according to the figures from the Society of the
Irish Motor Industry."

Yes, looks like the recession predicted daily for the past 10 years is finally starting to bite.

[MichaelHennigan]

Figures just out today, from the RTE web site:

"In May alone, new car sales were 20,689, an increase of 17.6% on the
same month last year, according to the figures from the Society of the
Irish Motor Industry."

Yes, looks like the recession predicted daily for the past 10 years is finally starting to bite.

Yet again, you know the price of everything and the value of nothing.

Most SSIAs matured on April 30th -- so a spike in new car sales in May means it's all plain sailing and a minor adjustment in stamp duty will be enough to retune the engine?

[meriwether]

FG were scared to tackle FF/PD on the economy, Hank. There was a huge, huge list of economic issues this government could have been torn apart on, but instead youse caved in the face of the media/VI consensus/spin that "everything is wonderful".

If youse had had the courage to confront the lies head-on and refuse to back down, call them damn liars to their faces and ream off the figures and the effects their economic mismanagement is having on the quality of life of hundreds of thousands of families, youse might have walked it. But you let yerselves be bullied by the vested interests (for whom the Ahern years have indeed been very, very good while the rest of us suffered) and the arrogant brass-necked bluster of the Kleptocracy.

Im with Sidewinder on this one.
The opposition let the country down by not engaging in a robust debate on the economy.
The economy is overdependent on construction. We used to be competitive and export driven, now we build houses.

[DSCH]

Public spending accelerated by 23% in the first half of the year. Basically the election was bought. Again.

We'll be heavily in deficit by autumn, and there'll be a wide range of large public-spending cutbacks. The housing market will have collapsed, the construction industry will be in freefall with very few new starts happening for the rest of this year, 4 or 5 major FDI companies will announce huge job cuts, ECB rates will be clearly signalled to be heading for 5%, inflation will remain stubbornly way too high despite the collapse in consumer spending, and unemployment will be surging upwards.

Like, the Cruiser you've been predicting the end of the world for some time.

Economic collapse by the Autumn then.

[Coles]

Public spending accelerated by 23% in the first half of the year. Basically the election was bought. Again.

We'll be heavily in deficit by autumn, and there'll be a wide range of large public-spending cutbacks. The housing market will have collapsed, the construction industry will be in freefall with very few new starts happening for the rest of this year, 4 or 5 major FDI companies will announce huge job cuts, ECB rates will be clearly signalled to be heading for 5%, inflation will remain stubbornly way too high despite the collapse in consumer spending, and unemployment will be surging upwards.

Like, the Cruiser you've been predicting the end of the world for some time.

Economic collapse by the Autumn then.

It's a brave prediction, but Sidewinder has called it right so far.

[FutureTaoiseach]

In the context of the US and Chinese slowdown and our exposure to the international economy - greater arguably than the economy of any other country on the planet - this current govt cannot be faulted on this issue. I think the construction-industry tax component of the slowdown in revenues can be addressed by moving quickly to clarify the position on stamp-duty. That will require both the quick formation of a stable govt (will the Greens step up to the plate?) and the necessary budgetary measures.

[nuj]

In the context of the US and Chinese slowdown and our exposure to the international economy - greater arguably than the economy of any other country on the planet - this current govt cannot be faulted on this issue.

What slowdowns? Chinese GDP, most recent numbers, showed 11.1% growth versus a prior 10.4%. The US had a housing-induced slowdown from 3.1% to 1.9% (all figures per annum) in Q1 2007. It is widely expected to have rebounded in Q2.

Add to this the pick-up in growth within the Eurozone - strong enough growth to warrant the current round of monetary tightening from the ECB - and you cannot possibly talk of an international economic slowdown.

The current government has a lot to answer for in its economic management - inflation and pump-priming being the two main areas.

Listening to Cowan's pre-election explanation of Ireland's high inflation rate being due to oil, and therefore outside his control, go unchallenged made me ill. Oil prices have risen everywhere in the EU by the same pre-tax amount - it's an internationally traded commodity, for God's sake.

Why then is Ireland's CPI running at over double that of our Eurozone partners?

[Akrasia]

Listening to Cowan's pre-election explanation of Ireland's high inflation rate being due to oil, and therefore outside his control, go unchallenged made me ill. Oil prices have risen everywhere in the EU by the same pre-tax amount - it's an internationally traded commodity, for God's sake.

Why then is Ireland's CPI running at over double that of our Eurozone partners?

It's obvious.
Because the greens have been burning oil refineries and Labour have been sabotaging factories by dropping mario kart style oil slicks along the roads of Ireland meanwhile Enda Kenny's gra for drinking gallons of 'the black stuff' is driving up our dependency on foreign imports of Oil.

Nothing to do with FF who have been centrally managing the economy better than Stalin, Mao and Pol Pot combined