Sunday Independent Stupid Statement of the Week November 25, 2012Posted by Garibaldy in Sunday Independent Stupid Statement of the Week.
Today is praise Fianna Fáil day in the Sindo. What a great guy Martin is, how FF is needed etc. Heard it all before, but never quite so confidently and aggressively. On top of that, it’s also the poor middle classes day. Again.
Mixing the two themes is John Drennan, who believes the “welfare classes” are a vested interest à la the banks, unlike the real oppressed.
Ironically, Fianna Fail is also beginning to benefit from the great cull of election 2011. The Irish political system has evolved into a perfect replica of Ireland’s social divide between the comfortable classes and the ‘squeezed middle’ dispossessed classes. But the axing of the FF ancien regime means that our ‘new’ government of Grumpy Old Men belongs to the former grouping.
Casting his eyes further afield, Marc Coleman has been reading a report written by some people who work for the ECB. Clearly objective and lacking ideological bias then.
The first myth about this crisis – that “right-wing policies” caused it and “austerity” worsened it – is blown apart by the paper. Rather various shades of left-wing government – from Greek socialism, to Spanish and Portuguese Social Democracy and Irish and Italian social partnership – have led to bloated spending, chronic debt and penal taxation, joblessness and low growth. By contrast, countries that cut early and cut hard are now growing: Latvia, which cut spending by 30 per cent in a year, grew by a staggering 5.5 per cent last year and its unemployment rate is falling.
All together now, the bank crisis had nothing to do with the current crisis. And black is white.