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

It does not include them correct. Ditto it ignores the many of the working age population fleecing tax payers by claiming disability allowances and other misc programmes which keeps them off the live register.

These should be ruthlessly cracked down on, however there will of course be shrieking from the same side over doing.

However, those constraints also existed when the graph above was posted, and indeed when Ireland was at “full employment” in the CT days.

I don’t fully subscribe to the ILO definition of unemployed, or believe their wider stats on countries (too much lobbing of people in one basket to make things look worse, i.e. you can say someone in part time work is underemployed but a great number of those do that for lifestyle/practical reasons i.e. college).

Are you a civil servant, mate?

Under the Kaiser we have moved from a country of immigration to a country welcoming emigrants and we now have more people arriving than emigrants from here.

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Ireland exited its bailout programme on time (https://www.theguardian.com/business/2013/dec/13/ireland-first-country-exit-eurozone-bailout)
Narrowing deficit (https://www.businessworld.ie/news-from-ireland/Ireland-on-track-for-year-end-budget-deficit-of-0-9-of-GDP-566051.html)
Continued migration into Ireland (http://www.cso.ie/en/releasesandpublications/er/qnhs/quarterlynationalhouseholdsurveyquarter22016/)
Increased FDI in Ireland (http://www.irishtimes.com/business/economy/dublin-ranked-third-in-the-world-for-foreign-direct-investment-1.2905816)
20 year record number of new registered companies at the CRO (http://www.thejournal.ie/new-companies-ireland-2016-2-3173104-Jan2017/)
Ireland has had prolonged periods of low bond yields (http://www.irishtimes.com/business/economy/irish-government-bond-prices-hit-record-lows-as-european-debt-markets-move-ahead-1.2720338)
Corporation tax and VAT have more or less exceeded expectations for several periods (http://www.irishtimes.com/business/economy/tax-receipts-for-year-742m-ahead-of-target-1.2710112)/(http://www.finfacts.ie/Irish_finance_news/articleDetail.php?Just-10-firms-paid-50-of-record-Irish-corporation-tax-in-2015-514)

Not all down to Minister Noonan of course, but a steady hand is what I look for. I am unhappy with the mess that is the housing market and continued wasteful spending in some quarters, but Minister Noonan and the government have stabalised the country and rehabilitated much of our tarnished image on the world stage.

Poor governance by Sinn FĂ©in in the North has seen them lose the Brexit referendum, leading to a likely hard border in Ireland and just recently the equivalent of losing 1.5 billion of euro on a scam through the RHI scheme. The socialists response to a one off loss like Dell in Limerick was talking about Nationalising Dell. Fianna FĂĄil deserve more time on the bench for their performance in the last decade and are still immature in opposition.

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Of course I amn’t. Unlike a creature like yourself, who stayed in a cosy government funded institution for as long as he could.

sorry mate, I was looking for specific actions

You can take a look at the budgets from 2011 to 2016 for that so.

The seed grows and the plant thrives because of the fertile soil.

I merely asked a question, Tim, as I wanted to know are you drawing your knowledge from the inside or is it from a genuine interest in politics/economics 
 And I worked 3 to 4 part time jobs simultaneously during those years, mate. I was able to report on the eating habits of many forumites through two of them.

Reading.

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Lads flailing about trying to land a glove on the Kaiser but failing miserably. :laughing:

Just admit it lads, he has done a tremendous job.

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I look forward to bumping this after the PAC release their report into the Project Eagle sale.

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Very little has to do with Noonan. Ireland’s economy improved because of where it was at the time he came in. He started from a low base. The troika came in and told them exactly what to do. It’s a pity they left cos the fool is back implementing McCreevy policies. The Irish Fiscal Advisory Council have warned him a few times now.

FDI up is because they pay minimal tax and the low rate was a FF idea anyway. His one good policy of lowering VAT for tourist industry was funded by stealing from the private pension pot. Price of oil and low interest rates also contributed.

The upcoming report on his dealings with NAMA, facilitating the sale of assets at below market value and stonewalling Catherine Murphy’s questions on Siteserve are where his true colors lie. Appealing the 13bn even though he trotted out the EU rules on water charges as often as he could.

What was that I saw last week about him spending half a million on a report defending the decision not to tax apple?

He spent half a million on a report defending the decision not to tax Apple.

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I need more details mate.

I heard Vincent Browne saying before that it was the Troika and FF that put the measures into place that started the recovery.

Can you tell me what was in the FG budgets that differed to what the troika and FF had put in place?

:joy:

OMG.

That’s the annual equivalent of the tax take from about 3 of the jobs he has created. :wink:

Kaiser Noonan doing a great job on the old Cost-Benefit Analysis.

So on the one hand you are saying Noonan has nothing to do with FDI as it is a low rate FF brought it, but on the other you are criticising him for looking to defend Ireland’s CT rate?

Make up your mind.

I haven’t said that FF should be totally left out of credit for the economic recovery. They helped create the far more dynamic business environment we have, but you shouldn’t criticise Noonan for protecting that and stabalising the numbers in the country.

This country is far more stable than the rest of the PIIGS because for all the faults in housing policy and obscene public spending, at least there has been governments in place that are pro commerce.

Sinn FĂ©in in government have allowed the ROI equivalent of €1.5 billion of British tax payers money to be given to an in crowd in Northern Ireland.