The Celtic Phoenix - A thread to list the economic miracles of Michael Noonan & Fine Gael

Widened during the Celtic tiger years and widened more during the recession. I’m sure the brand new most right wing government the country has ever had will put it all to rights though.

Things are good Flatty, definite upturn around the place. We need to add more low level jobs though as a lot of the high end jobs are beyond those who’ve been long term unemployed.
Need the building to pick up dramatically for jobs but also to solve the housing crisis.

The health service is beyond redemption unfortunately but we are back throwing money at it again which worked so well in the past :clap:

Just mere details, Glas.

Seems to be a pick up in the building/renovations around Limerick anyway. Talking to a few lads with understaffing issues and are struggling to find people.

I saw something last night that 40% of our Corporation Tax is now paid by 10 companies.
A lot of the extra money from tax receipts has been driven by the increase in CT takings.

plenty of work across all sectors, if youre not working now then its because you dont want it bad enough.
if we can get a bit of house building going then the unskilled lads will have no excuse. may need to loosen up on the building regs though for that to happen as outside of the capital there are no margins for developers.

1 Like

Looser regulations, interest only loans to developers and mortgages for everyone.
It worked before it’ll work again.

6 Likes

I am far from the expert opinion you are requesting but this is d’Internet so I am an e-genius.
As with most things in Life the economy is not going as good as the medjia and Government would have you think nor was it Greece in the worst days of the recession., We were fortunate that a number of mitigating factors have aligned just when the Kaiser was in a position to right our economy.

The ECB and FED dropping its interest rate to practically 0 and printing money
The fall in oil prices even though the cunts were telling us it was running out.
Our cracking deal for FDI’s
Our even better cracking deal to house an office in Ireland and pretend you are here.

Unfortunately the tax deals will have to be eased out over the next few years and the other mitigating factors are outside our control. Allied to the upcoming Brexit and the uncertainty that will bring we are probably fucked in 8 years to repeat the crash which will coincide with TJ Ryans 11th year of management and Limericks success in bringing an All-Ireland Hurling Cup home (the Christy Ring Cup)

1 Like

That’s a tremendous rant, which I’ve just read independently of your prompting. I was just about to post it in the “Living Not Existing” thread but forum etiquette unfortunately now prevents me from doing so.

My memories of the tiger were that the irish didn’t want to fill the low level jobs, and relied on immigrants. I distinctly remember wondering to myself if things weren’t taking a turn for the worst when about a year before the crash, I encountered the first irish air hostess I had seen in five or six years.

That’s the thread it deserves to be in… I’ll move it there now, pal…

@flattythehurdler, things have turned for the worse in the last 30-45 days. A recession is imminent.

1 Like

Fingers always on the pulse @bandage :clap:

2015 GDP +26%
2015 GNP +18%

All Hail

2 Likes

Incredible figures.

In layman’s terms, kid??

  1. Our debt to GDP is now at what would be considered moderate levels. Not far off the Germans and Dutch and much better than the French. We’ll be borrowing for fuck all for some time to come.
  2. Noonan is the greatest living Irish man
3 Likes

How much of this is connected through cunts like google funnelling their UK profits through Ireland… I knew there are a few of them at it… Are the figures skewed ?

Ya they are skewed alright, but GNP is way up as well which is more of a positive. None are precise measures. Our current account deficit is the best in the Eurozone by a mile.

Consumer spending was up 4.5% last year which is probably the most simplistic and unskewable metric. So largely positives all round

Austerity is some yoke