Everybody altogether – let’s help Shane Coleman. In his opinion piece in the Sunday Tribune yesterday Shane took us all to task for being selfish, greedy and indifferent to the economic crisis upon us. So…
Budget 2009
November 5th Evening: The Recession Diaries
Mission accomplished! Unfortunately, the euphoria is short-lived as we return to the dismal news coming out of our own economy: unemployment rising to over 260,000 with the increase in October nearly equaling the entire rise…
October 30th Lunchtime: The Recession Diaries
Does anyone believe the Government know what it’s doing? I’m not talking about the budgetary U-turns or that sinking sensation one gets when viewing images of the troika of Lenihan, Coughlan and Cowen on our…
October 29th Lunchtime: The Recession Diaries
Sarah Carey suggests the Government listen to the Opposition. Agreed. As a rule, we should all listen to each other. Of course, Sarah employs a sleight-of-hand. When she says ‘opposition’, she specifically refers to ‘Richard…
October 28th Lunchtime: The Recession Diaries
The fiscal meltdown is the result of our economic decline, not the cause. It seems straight-forward enough, but let’s put it another way: our fiscal imbalance is a symptom of our economic malady, not the malady itself. …
October 27th Lunchtime: The Recession Diaries
If there’s one country where ‘tax’ is an even dirtier word than in Ireland, its the good ‘ol USA. To argue for higher taxes in Omaha is no more popular than in Artane. And, yet,…
October 23rd Morning: The Recession Diaries
To kick public sector workers around the block is in danger of becoming an officially recognised sport; bloated, inefficient, over-paid – and don’t even mention pensions. Tony O’Brien is opining on the best instrument – scalpel or chainsaw -…
October 22nd Lunchtime: The Recession Diaries
Where stands the debate on the unusustainability of ‘universalism’ now? The Government has stated that only 5% of over-70s have incomes exceeding €36,400 (€72,800 for a couple) and the cost of providing them a medical…
October 20th Lunchtime: The Recession Diaries
They say a picture is worth a thousand words. I think that’s an underestimate. The chart above is taken from an analysis by Dan O’Brien of the Economist Intelligence Unit which appeared in yesterday’s Sunday…
October 19th Afternoon: The Recession Diaries
The Leader of the Opposition would equally be of the view that he needs to see fairness and equity in the way in which scarce resources are allocated. Can he justify a change by his…
October 17th Lunchtime: The Recession Diaries
It’s raining medical cards – in the nightmares of the Fianna Fail backbench TDs. What were they thinking? Is the €100 million savings worth the political disaster the Government has brought on to itself? €100…
October 16th Early Evening: The Recession Diaries
You’d think that some people would show a bit of humility. But Sean Fitzpatrick over at Anglo Irish is not one of those people. Okay, so during his tenure as chairperson his bank ran such…
October 15th Early Evening: The Recession Diaries
Well, at least the business sector was happy. Not that there wasn’t the odd whinge – business spokespersons are forever whinging. ISME, especially, was in ‘bemoan’ mode. ‘The decision to increase excise duties, particularly on…
October 14th After the Budget: The Recession Diaries
You gottahand it to Fianna Fail. A tax package that costs those on low incomes more than those on higher incomes, cutbacks on the newly-made unemployed (that’ll teach them to price themselves out of the…

