Follow @PoliticsIE
 
 
 
Page 1 of 14 1234511 ... LastLast
Results 1 to 10 of 140

Thread: Fine Gael economic mismanagement: 1980's. Can anyone defend it?

  1. #1
    Politics.ie Member
    Join Date
    Nov 2009
    Posts
    6,212
    Mentioned
    0 Post(s)

    Default Fine Gael economic management: 1980's. How did they do?

    This is how Fine Gael and Labour left the Irish economy. They held office from November 1982 to March 1987 (ie the longest government of the '80s), yet they blame Haughey for the woes of the economy (Lynch was in charge 77 to 79, haughey Dec 79 to 81, Fitzgerald held power briefly, Haughey's GUBU made way for Fitzgerald's hapless government.)

    Here is the sitution in 1987.
    The following factors give an indication of the extent of the difficulties
    a) a Gross Domestic Product per capita which is only 64 per cent of the EC average

    b) a National Debt of over 25 billion which is equivalent to more than one and one-half times of our Gross Naional Product and the servicing
    of which consumes annually one-third of Exchequer tax revenue,

    (c) an Exchequer borrowing requirsmenr of 10.7 per cent ofGross National
    Product in 1987 to finance both current and capital expenditure. This
    is among the highest budgetary deficits in the European Community,

    d) high nominal and real interest rates which are a barrier to investment,

    (e) an unemploymcnt rare of 18.5 per cent of rhe work-force amounting to
    242,000 persons. of whom 73,000 are under 25 years of age. This is one
    of the highest rates of unemployment in the European Comrnunitv,

    f)employment in agriculture which continues to decline steadily at a rate
    almost twice the European Community average,

    g) net emigration estimated currently at close to 30,000 and which is equivalent
    to the natural increase in the population. and

    (h) no overall growth in the volume of investment in equipment over the
    past 5 years compared with an increase of20 per cent in the European
    Community.
    http://www.ictu.ie/download/pdf/prog...l_recovery.pdf

    The wiki short version
    Fine Gael wanted to revive the economy by controlling public spending and imposing cutbacks in order to reduce the public budget deficit. The measures proposed by FitzGerald's Minister for Finance, Alan Dukes, were completely unacceptable to the Labour Party which was under enormous pressure from its support base to maintain public services. The two parties in Government found themselves in a stalemate position. They stopped the financial crisis from worsening but could not take the decisive action that would generate economic growth.
    A few points arise:
    1. The deficit for 1983 to 1987 was 8% and over.
    After the programme for National Recovery, Haughey's government slashed it to 3%.
    2. FG wanted to revive - sounds very weak. Why didn't they?
    3. Is slamming on the breaks (particularly to inflation), good enough to justify the mythology that FG is superior to other parties on the economy?

    Does anyone want to try defend the Economic Management of FG in the 1980's? (see if they can do without using the name Haughey)

    (Here is the current statistics.
    http://www.centralbank.ie/data/AnnRe...Statistics.pdf)
    Last edited by Congalltee; 4th February 2010 at 05:30 PM.

  2. #2
    Politics.ie Member
    Join Date
    Mar 2005
    Location
    Dublin
    Posts
    46,531
    Mentioned
    0 Post(s)

    Default

    Title the thread properly, as in seeking to have a proper debate about the economy in the 1980s, and I'm sure plenty of people will. But the thread title makes it clear that you're only interested in FG-bashing, and have little if any interest in the actual subject matter.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

  3. #3
    Politics.ie Member
    Join Date
    Nov 2009
    Posts
    6,212
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by hiding behind a poster View Post
    Title the thread properly, as in seeking to have a proper debate about the economy in the 1980s, and I'm sure plenty of people will. But the thread title makes it clear that you're only interested in FG-bashing, and have little if any interest in the actual subject matter.
    So no, you cannot/refuse to defend their performance.

    (if any mod wants to change the title to a neutral one, so be it, but neutral titled threads tend to dissappear).

  4. #4
    Politics.ie Member davehiggz's Avatar
    Join Date
    May 2009
    Location
    Dublin, Ireland
    Posts
    1,117
    Mentioned
    0 Post(s)

    Default

    It's pretty clear from the Wikipedia quote that it was primarily Labour's fault.

    If Fine Gael had an overall majority then tougher policies would have been initiated and the economy would have been saved. If FG had pushed harder then Labour probably would have pulled the plug.

  5. #5
    Politics.ie Member
    Join Date
    Mar 2005
    Location
    Dublin
    Posts
    46,531
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Congalltee View Post
    So no, you cannot/refuse to defend their performance.
    I said nothing of the sort, so kindly stop misrepresenting me.

    (if any mod wants to change the title to a neutral one, so be it, but neutral titled threads tend to dissappear).
    If the subject matter within a thread is good, it tends to get plenty of replies. Threads that are obviously trolling generally don't. The way you've titled this thread suggests you're looking for the latter.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

  6. #6
    Politics.ie Member
    Join Date
    Nov 2009
    Posts
    6,212
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by hiding behind a poster View Post
    I said nothing of the sort, so kindly stop misrepresenting me.


    Once again you fail to step up to the plate. To reply but to Fail to address the point is a representation of inability. Is it lack of material or a personal failure on your part?

  7. #7
    Politics.ie Member
    Join Date
    May 2007
    Posts
    3,050
    Mentioned
    0 Post(s)

    Default

    One would enter into a discussion on the topic - but one look at the identity of the OP tends to put one off.

    Primarily because Congaltee/Q24U/Apparatik? and whatever else they have been in a past life around here is a notorious sh^tstirrer, an infamous FG baiter despite the protestations and primarily because once a serious discussion develops - they are incapable of participating -well make one or 2 lame attempts at getting the thread back to their original purpose - FG baiting - and then will piss off.

    God be with the days of full employment around here - even tho we had less time to be here - a bit more thought and considersation used to be put into discussions - now its just a hacks/NWO fruitcakes paradise with over 90% of posters incapable of stringing 10 sentences together in a coherent manner without descending into the usual nonsense - I even miss Merle Haggard - and given the jousting we've done down the years that is really saying something - it least he was funny,smart,eloquent and capable of serious conversation - tho completely off his rocker - a few honourable individuals remain - but are staying mostly in the shadows.

    Me thinks there has to be another way of regaining a bit of respect for this place - rather than the full membership ban at the moment.

  8. #8

    Default

    FG F***** it up and forced hundreds of thousands to emigrate with no hope.

    Expect to get abused for even suggesting that the incompetence of Garret the Good and his fellow travellers should even be looked at critically.

  9. #9
    Politics.ie Member
    Join Date
    Dec 2004
    Posts
    12,595
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by odie1kanobe View Post
    FG F***** it up and forced hundreds of thousands to emigrate with no hope.

    Expect to get abused for even suggesting that the incompetence of Garret the Good and his fellow travellers should even be looked at critically.

    Case closed.

    The economic intelligensia have spoken.

  10. #10
    Politics.ie Member
    Join Date
    May 2008
    Posts
    261
    Mentioned
    0 Post(s)

    Default

    1. The economy of purely fecked after years of FF in power.

    2. Labour/FG couldn't agree as to the best way to clean up FF's mess and therefore couldn't fix it properly.

    Worth noting that this time around FF are being forced to pick up the pieces left by their own mismanagement of the economy. Also, thread title and OP statement is loaded and reeks of an FF hack completely uninterested in debate, only shouting from a pulpit an attack on the "blueshirts".
    Economic Left/Right: 0.38
    Social Libertarian/Authoritarian: 0.67

Page 1 of 14 1234511 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •