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Thread: Mr Cowen said work had to be done to increase domestic demand

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    Politics.ie Member Socratus O' Pericles's Avatar
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    Default Mr Cowen said work had to be done to increase domestic demand

    ..............and get people spending

    Hows he going to do that then.

    Increase tax?
    Cut wages ?
    Increase uncertainty regarding banking and financial services?
    Have a limited and ineffective strategy for job creation?
    Make public servants redundant?

    Allow people's utilities to be disconnected?
    Allows to sink in the double dip?
    Make us an International laughing stock?

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    Politics.ie Member greengoose2's Avatar
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    Quote Originally Posted by Socratus O' Pericles View Post
    ..............and get people spending

    Hows he going to do that then.

    Increase tax?
    Cut wages ?
    Increase uncertainty regarding banking and financial services?
    Have a limited and ineffective strategy for job creation?
    Make public servants redundant?

    Allow people's utilities to be disconnected?
    Allows to sink in the double dip?
    Make us an International laughing stock?
    Linkies per favore!

    Mind you I was just talking to a friend who had an Eire €80 prescription for practically half of that up North. That's a fuppin, wonderful, petunia motorway!

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    I nearly fired the radio out the window. he wants me to go out and blow all my hard earned savings so that he and his cronies can then say they are responsible for an improved economy. If it's alright with biffo i'll keep saving until some day maybe in the next ten years I can afford a home of my own without the need for a 100% mortgage from one of his mates failed banks.

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    There are a number of people in this country sitting on relatively large amounts of cash that could be used to get people back working again.

    By and large, the profile they fit is
    - Aged 55-70
    - Middle-Class
    - 100% owner of their home

    But it's one thing for Cowen to say that.

    What has he done to encourage them to start spending?
    Economic Left/Right: -2.88 (down 3.63 since the financial crash)
    Social Libertarian/Authoritarian: -5.18

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    Politics.ie Member Socratus O' Pericles's Avatar
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    RT News: Economy shrank in second quarter - CSO

    GDP had grown by 2.2% in the first quarter, boosted by a strong increase in profits at multi-national companies based here.

    Gross National Product, which excludes multi-national profits and is seen by many economists as a more accurate barometer of the Irish economy, fell by 0.3% compared with the first quarter.

    On an annual basis, GDP was down 1.8%, while GNP was 4.1% lower.

    Speaking at the National Ploughing Championships, Taoiseach Brian Cowen rejected the suggestion that Ireland was slipping back into recession.

    The Fianna Fáil leader said 'the full year as opposed to quarterly accounts' would give a real picture of where Ireland is going.
    Mr Cowen said work had to be done to increase domestic demand and get people spending.


    He said the return of growth in the economy would only happen if exports are to be increased.

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    Politics.ie Member Socratus O' Pericles's Avatar
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    Quote Originally Posted by locke View Post
    There are a number of people in this country sitting on relatively large amounts of cash that could be used to get people back working again.

    By and large, the profile they fit is
    - Aged 55-70
    - Middle-Class
    - 100% owner of their home

    But it's one thing for Cowen to say that.

    What has he done to encourage them to start spending?
    People are in some cases literally terrified.
    What if I become ill or have an accident
    What if I invest in something and it goes belly up
    What if the recession continues
    What if there is inflation

    I'd say at the very least wqe need a brand new state owned bank with a 15 year horizon for it to be floated publicly.

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    Quote Originally Posted by Socratus O' Pericles View Post
    Mr Cowen said work had to be done to increase domestic demand and get people spending.

    He said the return of growth in the economy would only happen if exports are to be increased.
    Does he see the obvious conflict between these two statements? Does he care?

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    Politics.ie Member hammer's Avatar
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    Did someone once say that BIFFO was the most intelligent within Fianna FAIL.

    Increase spending - wait a minute

    1. Wages dropping
    2. Bonuses cut
    3. Overime reduced
    4. Dividends from banks wiped out
    5. Taxes to increase
    6. Childrens allowances to fall
    7. Social welfare to be cut
    8. ESB charges increasing
    9. Home insurance to rise
    10. Car insurance to rise
    11. Mortgage rates increasing
    12. Bus/train fares increased this month

    Yep. lets go on a spending splurge

    What a gobber

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    F*** you Cowen.

    I've paid enough through pay cuts and levies for your incompetent government.

    I'll be continuing to spend my remaining income in Enniskillen where my fortnightly shop is €100 cheaper than down south

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    Politics.ie Member An Gilladaker's Avatar
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    Quote Originally Posted by Socratus O' Pericles View Post
    ..............and get people spending

    Hows he going to do that then.

    Increase tax?
    Cut wages ?
    Increase uncertainty regarding banking and financial services?
    Have a limited and ineffective strategy for job creation?
    Make public servants redundant?

    Allow people's utilities to be disconnected?
    Allows to sink in the double dip?
    Make us an International laughing stock?
    Did he say that in the morning sometimes morning interviews are a bit congested

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