So new information released today from Ernest and Young is showing that they expect that the UK is facing a decade of pain in its attempt to move from the current down turn.
This to me seems very interesting as it shows that we as a country must be very much further behind in our own current attempt to move from this cycle.
If we look at the main difference between the two governments economic strategy there is a stark difference whilst in the UK they have said that there would be the need to start reducing the countries deficit over the next number of years they have vigorously pumped billions into the economy through quantitative easing and a major focus on both capital programmes and support for SME's through government loan guarantee schemes.
Here in Ireland our government has taken the coarse of removing cash within the economy through social welfare cuts, wage cuts and departmental spending. This is fine in there attempt to reduce the public spending which they themselves have made uncontrollable but there short sightedness in doing so along with the new wave of cross border spending has in effect taken a total of over 8 billion Euros per year out of an economy that is free fall due to its over reliance on the property sector for both employment and tax returns.
So what happens next well if we look closely at the governments plan they have stated that a further 4 billion in cuts is needed to reduce the current spending by government. So we now face a scenario that if the cross border spending stays current which i would see as there is no reason for this position to change we will now face a total reduction of cash into the economy of 16 billion within a 2 year period.
To me i think that this will be to tipping point that will put this country into a depression that this country has never seen before with mass emigration, huge mortgage defaults, broken families, increased homelessness, a rise in crime and a huge increase in mental health problems as the reality of families situations come to bear on them.
This country needs to be stimulated both economically and mentally to give the people of this nation any chance to move forward.
We are a productive nation as history shows we have some of the worlds greatest talents in education, science, business and entertainment. We also have a country of people who given the chance can make the correct social choices when needed.
I for one cant see any current political party within this country that has the determination to make the huge changes that are so much needed within the establishment so to enable us as a nation to rebuild in a fair and social equal way.
Showing posts with label Politics. Show all posts
Showing posts with label Politics. Show all posts
Monday, January 18, 2010
Will it get any better
Labels:
Change,
economy,
government,
Ireland,
mortgage defaults,
Politics,
vision
Thursday, January 7, 2010
Politics in a new Ireland
In relation to the current climate in both the politics and economy in Ireland i feel that there is an opportunity with like minded people that a new political entity can be established within the country that is based on the frame work of providing a fair and just society that will provide a long term vision of how the country should and can be run.
In its present state this country is run on the premise that those who have the most to loose through the current banking fiasco are the ones that is being protected whilst the vast majority of the population are being left to pay for this.
Is this right not in a million years in my opinion but the problem is how to begin to bring around the momentum of change needed within the mindset of the normal citizen that to bring this much needed change a seismic shift is needed in both political and economic thinking.
If we look at those most effected by the current situation that we now find ourselves in it is clear to see that a progressive attack is being made on the working fabric of society to an extent that these very people that can bring around the change needed by there pure size in the electoral vote are at such a stage of self defence in many cases keeping there lives afloat just to meet there families needs that they have no longer the will power to become involved with what could be a defining moment in Ireland's history that could provide the change required to once again enable the people of the country to take there lives back into there own hands and provide a clear future for the children and the further generations of this once proud country.
In my view there needs to begin a movement that engages in the areas of the population that have been most effected and those whom over the next number of years will bear the brunt of the disarray that the country is now in these include.
The Unemployed.
The Civil servant's.
Low income earners.
Middle income families.
Students.
within this group is the key to the building of the new Ireland that is now needed to move forward. This is also the group that has the biggest block of votes within the country and yet these very people are the one's that are effected the most in this current situation.
If a change can occur then i feel that it is within this group that the support base must be built and from small steps taken to engage the thinking within this area change can happen.
In its present state this country is run on the premise that those who have the most to loose through the current banking fiasco are the ones that is being protected whilst the vast majority of the population are being left to pay for this.
Is this right not in a million years in my opinion but the problem is how to begin to bring around the momentum of change needed within the mindset of the normal citizen that to bring this much needed change a seismic shift is needed in both political and economic thinking.
If we look at those most effected by the current situation that we now find ourselves in it is clear to see that a progressive attack is being made on the working fabric of society to an extent that these very people that can bring around the change needed by there pure size in the electoral vote are at such a stage of self defence in many cases keeping there lives afloat just to meet there families needs that they have no longer the will power to become involved with what could be a defining moment in Ireland's history that could provide the change required to once again enable the people of the country to take there lives back into there own hands and provide a clear future for the children and the further generations of this once proud country.
In my view there needs to begin a movement that engages in the areas of the population that have been most effected and those whom over the next number of years will bear the brunt of the disarray that the country is now in these include.
The Unemployed.
The Civil servant's.
Low income earners.
Middle income families.
Students.
within this group is the key to the building of the new Ireland that is now needed to move forward. This is also the group that has the biggest block of votes within the country and yet these very people are the one's that are effected the most in this current situation.
If a change can occur then i feel that it is within this group that the support base must be built and from small steps taken to engage the thinking within this area change can happen.
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