OECD; Worldwide recession is "over", so gov't should reverse spending cuts/tax hike

[White Horse]

The Greens and FF have been telling us for a year that little old Ireland has been caught up in a "global downturn". Well, the OECD had announced that it is over.

And new figures from [COLOR=#306294]Paris[/COLOR]-based think-tank the [COLOR=#306294]Organisation for Economic Cooperation and Development (OECD)[/COLOR] show some of the world's biggest economies may be on the road to recovery.
"We are, as far as growth is concerned, around the inflection point in the cycle" and the international economic downturn was easing, said European Central Bank President Jean-Claude Trichet yesterday.
[COLOR=#306294]George Soros[/COLOR], the billionaire investor, was also upbeat about the future. Speaking to the German press, he said that the downward trend in the financial crisis was easing and national economic stimulus packages were starting to work.
"The economic freefall has been stopped, the collapse of the financial system averted," he said. "National economic stimulus programmes are starting to take effect. The downward dynamic is easing."
Worst of global recession may be over, say experts - World, Business - Independent.ie

As we have been assured by the government, there is no docestic recession. That is something that has been dreamed up by George Lee and Fine Gael in order to scare people away from FF and the Greens.

So I say, reverse the spending cuts, cut taxes, the Celtic Tiger is roaring back to life.


Yippee.

[Iarmhi Gael]

Great news. That is me away. I am away to spend money I don't have

[Digout]

FF + FF Glas have told us that we will be the first to recover because we are such an "open economy" ( whatever the hell that means), the good times are back, because the fundamentals are sound here.

[DCon]

FF + FF Glas have told us that we will be the first to recover because we are such an "open economy" ( whatever the hell that means), the good times are back, because the fundamentals are sound here.

Now we just need to give the banks money so they can start lending again and fuel another property speculation frenzy.

Roll on Celtic Tiger 2!!!

[DCon]

Bertie will soon be winning money on the horses again!

[White Horse]

It was all just a bad dream.

[Dios]

Call me when the unemployment figures level off. Also:

THE worst of the global recession may be over, top economic experts said yesterday.

But Mr Trichet, speaking in his capacity as chairman of the bi-monthly meeting of global central bankers in Switzerland, cautioned against reading too much into recent improvements in global indicators such as the stock market.

Stock markets have rallied over the past number of weeks, with US shares rising 30pc this year, before beginning to fall back yesterday.

"There has been a substantial improvement in the markets since mid-September," Mr Trichet said. "But we are still in unchartered waters."

I thought it was a bit of an eye opener for Mr Trichet to come out with a statement like "we're into recovery now". He didn't. We have a long way to go yet, I fear. A few weekend upticks in various markets doesn't mean much.

[Iarmhi Gael]

Good news for all FF councillors as well. they'll have missed the payments for helping with zoning

[TradCat]

Are we at the point in the horror film when people start to believe all the zombies are gone.

But there's still an hour left and you know it's going to get worse.

[DCon]

Link?
[COLOR=White]extra characters[/COLOR]

We're a very open economy so, you know, obviously an upturn in the United States' economy is critical for us all in the world; but also in Ireland, because compared to other European countries we export far more in proportion to the United States than many of the larger economies in Europe do, because it's a much bigger domestic partner.

For a small economy like us, we can be flexible and adapt just very quickly. And being so open in an economy when the upturn comes, we can make that upturn quicker than most.

CNBC EXCLUSIVE: CNBC TRANSCRIPT: CNBC'S MARGARET BRENNAN INTERVIEWS BRIAN COWEN THE PRIME MINISTER OF IRELAND TODAY - CNBC News Releases - CNBC.com