Last night’s Tonight with Vincent Browne featured Michael Taft, CIT economist Tom O’Connor, and Labour Finance spokesperson Joan Burton. The topic was the recent ERSI report which predicted that the economy would see Ireland moving out of recession (in terms of positive growth) in the second half of 2010. Needless to say, the devil is in the detail.
The program, which you can watch on the TV3 site was a rare enough occasion in the Irish media where our ability to implement a stimulus program and what form it would take was taken seriously and discussed in depth.
Tom O’Connor provided some of those ideas, and you find them developed further in his post on Progressive Economy.
The package he recommends has three elements: one geared towards stimulating enterprise, another involving investment in social, health and educational infrastructure and a third on using currently empty and unsellable housing stock for social housing.
One point worth highlighting here, although I recommend reading the whole post. In package II, which details social, health and educational infrastructural investment he suggests:
Revolutionising mental health services as provided for in Vision for Change (2006) = €750 million.
As discussed in Justin Frewen and Dr. Anna Datta’s post which was published on ILR yesterday, this makes both sense both economically and socially.
Latest posts by Donagh (see all)
- The policy of transferring incomes to capital and the rich - September 6, 2012
- ILR Will Not Blink While Facing Down the Jaws of Excessive CPU Usage - September 6, 2012
- Dan Froomkin | The Jobs Crisis Obama, Romney and the Low-Wage Future of America - August 29, 2012
- Money as a Social Construct – Talk Given by Mary Mellor - August 27, 2012
- - August 23, 2012