FF Rubbish plan for recovery

[Abhraco]

Michael Martin noted on the tele last night that they want to help us out of our recession by making us further dependent upon economic exports. Is he insane? Has he learned nothing from Dell and other multinational companies pulling out as soon as the cost benefit analysis demonstrated that they should move their facilities? Is he really tryiing to put us in a similar economic situation of developing countries where we would live and work as slaves to the multinational machine saying thank you as we tell our kids that no we don't have money for dinner?!

We need to build up our economy in a way that we are not dependent upon outside economies to the extent that as soon as there is a downturn elsewhere we are rife with difficulties. Look at the models of other countries and learn from their mistakes..not mimic them. hello wake up ff

[cd27]

Well if we can get our cost base under control we might be able to keep some of these companies but point taken, we need additional options, the fund for start-ups might be a help. But even if they had a great plan for economic development, it wouldn't change the fact that until they get their budget under control they will just tax economic activity out of existence.

Time for change.

[Setanta781]

He was simply on the ropes and was pulling out all sort of excuses to cover up the fact his government is falling, the economy needs to be alot stronger and we need smarter people behind this. It is frustrating looking at men like George Lee, Leo Varadkar and Richard Bruton in opposition when they could save this country, Fianna Fail use the old rhetoric that well nobody saw this coming, George Lee did, he is a man of unbelievable intelligence and his reputation speaks for itself, This is why I have chosen to support Fine Gael because they are ambitious, they are men who know they can get us out the mess while men like Cowen and Lenihan dilly-dally around the issue and never boost the nation with any confidence.

[bm42]

Most FF'ers seem to be of the opinion that if only they can get property moving again that everything will be alright. For tricky Micky to recognise the need to get back to creating rather wealth rather than borrowing money and blowing it on a big party party, is somewhat reassuring even if I don't believe that FF have the wherewithall to deliver it.
Concentrating on export led growth is the only way to get us out of this hole. The problem with Dell was that it was a large US multinational manufacturing a low margin product in a very competitive market. Their competitive advantage was cost based on only building to order, taking customers money when the order was placed and not paying their suppliers for as long as possible. Customers went with this model because Dell allowed them to spec the PC exactly as they wanted. With the advent of wireless internet, people decided they wanted laptops rather than desktops, Dell did not offer custom built laptops so customers were being asked to pay in advance for a machine that they couldn't spec themselves. If they went to a shop they could get a similar product, try it out to see if they liked it and take it home straight away if they did.
We need to concentrate on building indigenous exporting companies who offer high value add products and services, and even if they use low cost manufacturing locations, if they're Irish businesses, the profits will be sent back to Ireland. Almost everything can be made cheaper elsewhere but only if they have the idea and the knowhow, however by continually innovating and adapting, we can produce high margin goods for export. We can also invest in producing goods that do not lend themselves to long distance shipping or where it is necessary to react quickly to changes in the market, if we develop expertise in reading market trends that can be our competitive advantage, if we have products on the shelf before a chinese sweatshop can get them on a boat, it doesn't matter that they will eventually be able to make them cheaper.
If we do not produce goods and services that people in other countries will pay for, we're fucked. This economy is simply not big enough to be self sustaining as was proved when we decided concentrate on building and selling houses to each other.

[cd27]

They have no plan other than feeding from the trough, they are clueless and are crushing the hopes of the people in the process and literally robbing them to pay for their high spending and banker bailouts. Oh and robbing the future with their high borrowing.

[jimmyjames]

What about their great "knowledge economy" and all the other claptrap phrases they've been using at the drop of a choice sound bite. They seem to forget that China and India have more graduates at a minimum of cost per year than we have people.

[MM FF]

Michael Martin noted on the tele last night that they want to help us out of our recession by making us further dependent upon economic exports. Is he insane? Has he learned nothing from Dell and other multinational companies pulling out as soon as the cost benefit analysis demonstrated that they should move their facilities? Is he really tryiing to put us in a similar economic situation of developing countries where we would live and work as slaves to the multinational machine saying thank you as we tell our kids that no we don't have money for dinner?!

We need to build up our economy in a way that we are not dependent upon outside economies to the extent that as soon as there is a downturn elsewhere we are rife with difficulties. Look at the models of other countries and learn from their mistakes..not mimic them. hello wake up ff

oh dear ANOTHER Negative Nellie ! No wonder we are where we are......bad enough we fight against the international factors but the domestic pessimism is awful.....get your head out of your hole young man and be POSITIVE ! Be thankful you have fine rulers to lead you through this which you are in fact now causing with your attitude

[the klingon]

Well if we can get our cost base under control we might be able to keep some of these companies but point taken, we need additional options, the fund for start-ups might be a help. But even if they had a great plan for economic development, it wouldn't change the fact that until they get their budget under control they will just tax economic activity out of existence.

Time for change.

I think you mean - get the price of land and houses under control?
This is the SINGLE biggest FF fail, everything else pales in comparison. People have learnt there lesson regarding housing, if we can get it down now it should stay down for a good while - and this is why narrowminded people don't want it to drop.

[feargach]

I think you mean - get the price of land and houses under control?

Spot on!

On the topic of recovery:

“I would not be surprised if the official end of the U.S. recession ends up being, in retrospect, dated sometime this summer,” Nobel Prize-winning economist Paul Krugman said yesterday. (Daily Finance)

[the klingon]

oh dear ANOTHER Negative Nellie ! No wonder we are where we are......bad enough we fight against the international factors but the domestic pessimism is awful.....get your head out of your hole young man and be POSITIVE ! Be thankful you have fine rulers to lead you through this which you are in fact now causing with your attitude

What a feckin eejit! Nobody believes this sh1t anymore, take yer whiskey breath politics and shove it.
Why don't you go to the graveyards of the country with placards about the young men who topped themselves - were they doom mongers too?
Your mindlessy repeated mantra isn't going to work - house prices are going down - the economy as you know it is finished! No longer will private individuals borrow huge sums for sh1tty houses, and pay a vast swathe in tax - now the GOVERNMENT is going to have to borrow the money people won't pay anymore! This is of course absent any innovative ideas FF have?

Happy happy joy-joy and all that.