Gormley: "fundamentals of the Irish economy are still strong"

[White Horse]

In an astonishing display of denial and deception, John Gormley proved that he has all the creditentials to run as a county councillor for Fianna Fail.

As levels of unemployment and the budget deficit reach historic levels, Gormley maintains that the "fundamentals of the Irish economy were still strong".


"The Minister for the Environment and Green Party leader, John Gormley has said that within the next two years we should see a turnaround in the economy. but only if the vision of the green economy is implemented.
On RTÉ Radio's This Week programme, Mr Gormley said he believed that the fundamentals of the Irish economy were still strong."
RTÉ News: Gormley sees two-year turnaround

[Catalpa]

I really thought he was going to blurt out:

the fundamentals are sound

but he caught himself just in time.

[MsAnneThrope]

His vegetable garden must be coming along nicely this year

[Supermanpolitician]

That man really is on another planet.

[oceanclub]

"Da fundamentals are sound.... the banks are well-capitalised... we have reached the bottom of the market... that would be an ecumenical matte.... YES!

P.

[White Horse]

"Da fundamentals are sound.... the banks are well-capitalised... we have reached the bottom of the market... that would be an ecumenical matte.... YES!

P.

Don't forget the "soft landing"

[jpc]

Not enough protein in a veggie diet.
He's all confussed.

[Question R24U]

Don't forget the "soft landing"

I thought the new buzzpharse was
"we can see the Green shoots of recovery".

That would have been more suitable.

What are these fundamentals?
1. Interest rates - now at the bottom of the cycle, will things improve as they rise?
2. Deflation. At first glance appears great, but if people keep waiting until price goes lower, why would anyone buy now?
3. Numbers employed in private sector (wealth generators): declining by scary amounts. Last month was 16,000 or so.
4. Numbers employed in public sector. Those leaving are getting guarnteed pensions, so where is the saving?
5. Exports. I think these are largely holding up. So he may gat a tick on this one. (but I am open to correction).
6. Impact of red-tape and cost on business - this has not been addressed in the slightest.
7. A sense of enterprise which is supported by the State. Pass.
8. Stable property market. Move on.
9. A strong stable currency. Well, yes. But never really adopted to not having control over interest rates.
10. A strong stable banking system...

Are there any (positive) fundamentals I have missed.

[Likely Lad]

Ah leave John alone with his lectured clichés straight from the Fianna Fáil PR department, he's only unpopular because he is having to make the ''tough decisions''.


John Gormley and the Green Party, the environmental wings of Fianna Fáil.

[breakingnews]

John Gormley must be the most boring politician in the history of the state.