Ireland is out of Recession

Posted: July 4, 2010 in Finance, politics

Soooo. Ireland has emerged from Reccession. Fan bloody tastic. The FF’ers must be pissing themselves with excitement.

Of course if you are stupid enough to believe that the collapse of the Irish economy was just something that “happened”. If you are stupid enough to believe that mad FF policies had nothing to do with it, then you might just be stupid enough to believe that FF have solved our economic woes and everything is going to be grand from now on.

But wait. Hang on. Why are there more people unemployed now then there were last month, you know…back in the days of the recession?

Could it be there’s more to this story than the FF’ers would have you believe?

If FF threw you from the roof of the Dail, would you be happy when they walked over to your bloodied body lying in the car park proclaiming “See, you’ve stopped falling, you’ve turned a corner.”

Of course FF wouldn’t leave it there. They’d dwell on the fact that they built the car park that halted your decline, and gloss over the fact that car park or not you were eventually going to stop falling.

Recovery is not about halting a decline. The all too resistible force force called gravity, and the immovable object called ground will always conspire to halt a fall. Recovery is about getting back to healthy.

To labour the falling man analogy a little more, when the ground stops you falling it doesn’t stop your health declining. If your injuries aren’t treated properly and if you don’t do the right things you can actually find yourself injured beyond repair and living out a miserable existence.

Ireland’s Unemployement continues to grow despite the fact that thousands have left the country. Less people working supporting more and more people not working.

The full and final scale of losses from Anglo, Nama and the rest has not been totaled up and added to our national debt yet.

The full and final scale of losses from running a massive deficit has not been totaled up and added to our national debt yet.

It’s great news that some multinationals are growing their profits and that statistically Ireland is out of recession. But if anyone tells you that we’ve turned a corner they are lying.

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