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Broad approval for economic plan November 20, 2010

Posted by Tomboktu in Capitalism, Taxation Policy.
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“Mr Cowen said the talks, which resumed this morning, were in the interests of the country and its taxpayers.“

Not, I note, in the interests of its citizens (or its residents).

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1. WorldbyStorm - November 20, 2010

Reading Stephen Collins in the IT today we’re told the budget must be passed. Why?

It is now imperative that the budget on December 7th is passed to restore some shred of national self-esteem.

FFS. This is a budget that transfers from citizens to fiscal sector to save its bacon, that is going to disproportionately hit those on middle lower and no incomes and those who depend on services, but he’s concerned about some nebulous national pride crap?

What a shower. What a terrible terrible shower they all are.

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2. EWI - November 20, 2010

I’ve heard more than one exchange over the past couple of months where it emerges that by “taxpayers” certain commentators mean the middle-classes (and not any public servants, either).

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3. CL - November 20, 2010

Olli Rehn, the ECB, the IMF and the govt. are all singing from the same neo-liberal hymn book. The budget, the 4yr plan and whatever programme Cowen signs with the IMF are all expressions of conservative economic philosophy.
There may be some differences among them, for instance, the IMF may be more amenable than the ECB to ‘restructuring’ bank debt (surely an essential for resuscitating the banking sector), and at an IMF press conference some concern was expressed for the Irish poor.
““Increasingly, over the last couple of years, we’ve been focused on the need for what we call social conditionality – on the need to protect the very poorest and the most vulnerable when there are adjustments required in the government deficit.” IMF spokesperson, Caroline Atkinson.
http://www.irishtimes.com/newspaper/ireland/2010/1119/1224283710828.html
Ajai Chopra, head of the IMF mission to Ireland was involved in the IMF-induced recession in Asia, prompting some severe criticism from Joe Stiglitz. Perhaps some lessons have been learned, but the failed economic ideology which led to the crisis can hardly be the solution.

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4. Tomboktu - November 21, 2010
WorldbyStorm - November 21, 2010

You should really. It’s extremely telling.

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5. Tomboktu - November 24, 2010

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