Talking Movies

September 25, 2018

Politik: Part VII

Filed under: Talking Politics — Fergal Casey @ 6:53 pm
Tags: , , ,

It beggars belief that we can be back here again, but here we are, making the same old mistakes all over again. Leo Varadkar wants a bit of that Bertie populism to go with his Bertie opacity, and so suggests another SSIA scheme. Charlie McCreevy’s wonderful little SSIA scheme kicked us coming and going – it sucked money out of the economy just as the tech bubble burst, and then it flooded the economy with the money it could have used then at a time when it absolutely did not need it, turbocharging the madness of the Celtic Tiger’s house prices just before that bubble burst. And so with our country returned to another iteration of that madness, which was clearly Michael Noonan’s only idea; get the bubble going again, rather than say get a proper economy going; Leo steps up to the plate to double down on the idiocy. If this SSIA gets going when it will start sucking money out of the economy? Next year and the year after probably. Nothing happening then right? No, just Brexit and the calamitous fallout. We wouldn’t that extra money floating around the economy then though would we? Nah, sure it’ll be grand.

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