Beginning of the End

NAMA has passed all major hurdles in the Oireachtas and looks set to become law. This nation is now condemned to 15 years of economic stagnatation and a complete shutdown on investment in the ‘Smart Economy’.

In this article in today’s Ir Times, we can all see how the near future is going to play out for the citizens, taxpayers, entrepreneurs and investors of Ireland.

The lovely Mary admits that the most she can offer in terms of investment aid to the hard pressed people of Limerick is that 2 or 3 ‘items’ on an investment program might be eligible for consideration for inclusion in next years budget.

And that, folks, is how it is going to be next year, the year after and henceforth. And all because the Green Party stayed at the Cabinet table because they thought it was important that John Gormlye went to Copenhagen and show the world what a ‘cutting edge’ Green government could achieve.


Eamonn20BnNovember 8th, 2009 at 00:29

It may be worse than you think. Interest rates are low and we are running a deficit of 12% (if we cut €4 Billion). Also all the quantitative easing may well produce an international economic boom, even if it may be short. All this stimulus, national and domestic, could, maybe, produce a surprisingly quick upturn in the Irish economy. FF will have gotten out of a potential disaster.
In that case FF may do surprisingly well in the next election. But many Green voters will not forgive.
Result: FF and crony capitalism preserved, with massive cost of NAMA bailout.
Greens destroyed.

Historians judgement of current leadership: saved FF & crony capitalism while destroying themselves. That’s the worst case.

If FF can hold out for any sort of a recovery they should survive and with their property backers in excellent health. And the Greens probably destroyed. That’s the best case!

TimGreenNovember 10th, 2009 at 15:27

Well done Arthur.

Keep up the good work. I have a feeling you might be around a lot longer than the current crop of so called “Greens”.

RichardNovember 10th, 2009 at 18:50

Well said Arthur,
We GP members were fooled by mixing NAMA and the PFG into one convention. It was a clever move by the powers that be to ensure to stay in power.
I’m very angry that my initiative to get the needed 5th group asking for a discussion on NAMA has been so brazenly abused. I never thought the GP would act in such an undemocratic and opportunistic way. Is there anyone with some green values left on the top table?
Hang in there, you have many supporters sharing your views.

Leave a comment

Your comment