Yesterday's figures from the CSO where absolutly shocking. The economy declined more in a quarter than it increased in a year during the boom times. Today the Live Register figures are being published and are likely to provide another set of frightening statisics. When are we (or more specifically the media) going to start telling it like it is and stop calling this "a recession". Right now we are in the worst period, economically, in over fifty years and there is no sign of a ecovery. This is no a recession, this is a depression.
The economic definition of a depression is "a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity". People need to have the severity of the current situation spelt out for them, in order to soften the blow of the necessary measures that the government needs to take. Over the past year we''ve had a stagging amount of time and government effort wasted on thing such things as increasing the classroom sizes to that which existed four years ago or stopping the taxpayer funding relativly well off pensioners, through medical cards. These things are trivial compared with what needs to be done. Tell it like it is. We're in the middle of a depression and some really tough measures are on the way.



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