“The banks were not bailed out. Shareholders in the banks were not bailed out” and instead “the State took equity”.
“That is not a popular thing to say, but it is a fact,”
followed by this gem
Deputy Boyd Barrett never wants to hear the facts because he lives in a fantasy economic wonderland. If his party ever got into power, thousands of jobs would migrate from this country. That is the reality.
Martin is 100% correct on that point about RBB. Within 10 years of the crash we were back at full employment and net immigration. RBB and chums would be Nationalising Dell and IFSC hedge funds.
Correct and a clear distinction. It’s ridiculous that this kind of shite it trotted out and then parroted as received wisdom, as Biff has just demonstrated.
It’s the stated policy of RBB’s grouping. Coppinger wanted to Nationalise Dell, Mick Barry wanted to Nationalise the pharmaceutical sector and the party manifesto included a pledge to take IFSC hedge funds into state ownership. It’s supposition as to whether those policies would cost jobs or investment. I suspect companies would be reluctant to invest when the State would seize their assets but you never know, the opposite could be the case
If I jump off a bridge it’s supposition as to whether I’ll fall to my death. A very strong stork may capture me in it’s beak and guide me safely to rescue.
In other news, 22 members of the Dublin backroom team who were taken on as emergency stewarding cover by Croke Park resigned the day after the All Ireland Final.