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


Socratus O' Pericles

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Joined
Oct 12, 2009
Messages
33,559
..............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?
 

greengoose2

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Joined
May 30, 2009
Messages
25,444
..............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!
 

iartaoiseach

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Jan 30, 2009
Messages
1,232
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.
 

locke

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May 2, 2007
Messages
3,092
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?
 

Socratus O' Pericles

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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.
 

Socratus O' Pericles

Well-known member
Joined
Oct 12, 2009
Messages
33,559
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.
 

Nemi_

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Joined
Aug 20, 2010
Messages
252
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?
 

hammer

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Joined
Jul 6, 2009
Messages
58,514
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 :)
 

jacko

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Mar 6, 2009
Messages
2,666
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
 

An Gilladaker

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Apr 23, 2009
Messages
4,313
..............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
 
Joined
Sep 10, 2008
Messages
3,584
I was in Smyths today, some woman in front of me at the till had just spend €800 on a PS3 and games.

I asked her was it for her sons Birthday, que conversation about being close to Christmas etc.

No she said, his birthday was months ago, this was a present for getting good exam results!
 

iartaoiseach

Well-known member
Joined
Jan 30, 2009
Messages
1,232
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 :)
the cheek of the ordinary taxpayer sitting on their savings that they actually worked for while FF's pals shift their unearned fortunes offshore.
 

Socratus O' Pericles

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Oct 12, 2009
Messages
33,559
As I said on another post:

If Carlsberg did Taoisigh they'd probably do the finest taoiseach in the world
 

iartaoiseach

Well-known member
Joined
Jan 30, 2009
Messages
1,232
I was in Smyths today, some woman in front of me at the till had just spend €800 on a PS3 and games.

I asked her was it for her sons Birthday, que conversation about being close to Christmas etc.

No she said, his birthday was months ago, this was a present for getting good exam results!
that'll be the end of the good results then.
 

An Gilladaker

Well-known member
Joined
Apr 23, 2009
Messages
4,313
I was in Smyths today, some woman in front of me at the till had just spend €800 on a PS3 and games.

I asked her was it for her sons Birthday, que conversation about being close to Christmas etc.

No she said, his birthday was months ago, this was a present for getting good exam results!
Your very nosy can someone not spend a few euros. had it been Shannie and him living on 49 euros a week now that would be news :lol:
 
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