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Thread: Four companies going bust per day in 2010

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    Politics.ie Member libertarian-right's Avatar
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    Default Four companies going bust per day in 2010

    RT News: Four companies going bust every day

    Four companies a day went bust between January and September this year, according to new figures revealed today.

    A total of 1,132 companies have gone out of business in the first nine months of the year, an increase of just over 12.5% on the same time last year.
    Contrast this with Lenihan saying the worst is over and we have turned the corner. This shows us that he has been consistently lying, be it the banks, NAMA or the economy. Constuction industry was hit the most, accounting for 31% of the companies going bust. With the construction industry being at one stage in 2006, 25% of GDP, we will never see this rise to those levels again or do posters think otherwise?

    Will 2010 be seen as the worst year in terms of decline in the economy or is the worst yet to come?

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    Quote Originally Posted by libertarian-right View Post
    RT News: Four companies going bust every day



    Contrast this with Lenihan saying the worst is over and we have turned the corner. This shows us that he has been consistently lying, be it the banks, NAMA or the economy. Constuction industry was hit the most, accounting for 31% of the companies going bust. With the construction industry being at one stage in 2006, 25% of GDP, we will never see this rise to those levels again or do posters think otherwise?

    Will 2010 be seen as the worst year in terms of decline in the economy or is the worst yet to come?

    When Lenihan says the worst is over, he is probably referring to an interview with VB. He can't seriously mean the economy, can he?

    He certainly doesn't care in the slightest about the plight of failing businesses and the resultant unemployed. Sure, nobody has ever expressed anger to him, (VB last night) so they all believe, love and trust him.

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    Politics.ie Member libertarian-right's Avatar
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    Quote Originally Posted by consultant View Post
    When Lenihan says the worst is over, he is probably referring to an interview with VB. He can't seriously mean the economy, can he?
    I meant when Lenihan said this in his budget speech ->

    Budget 2010: 'Worst is over. We have turned a corner' - News, The Budget - Independent.ie

    He had earlier declared that the "worst is over" and that "we are now on the road to economic recovery".
    How long until we are actually on the road to economic recovery? We will be on p.ie this time next year asking why the banks still are not sorted.

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