tag:blogger.com,1999:blog-8817171247555815363.post978510509144994932..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Government's Plan for Ireland: Exclusive... Part 5TrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-14464545506071457152009-01-30T09:26:00.000+00:002009-01-30T09:26:00.000+00:00The scale of the incompetence is truly frightening...The scale of the incompetence is truly frightening. <BR/><BR/>I'm only a half-wit on the street, but even I can see that the forecasts of this "framework" are completely inaccurate. At the start of this year, unemployment sat at 8.3% (cso.ie), yet these clowns are talking about "an increase in unemployment to more than 10%". Given the waiting lists at local welfare offices, and the fact that unemployment statistics generally lag behind actual figures, we're already at the 10% mark. By the year end, we'll be at between 14%-16% unemployment, possibly more. The "6.2% decline in GDP and an 8.2% decline in GNP over the 2008-10 period" is another nonsensical prediction. House building alone will be responsible for those kinds of falls over that period.<BR/><BR/>Despite the fact that many people warned of the ensuing crisis, the government claims, "no one saw it coming". Also, instead of addressing the real issue (crippling uncompetitiveness), you'll hear the two Brian's blame the "global financial crisis". It's an easy scapegoat, and it allows our leaders to play fiddle (bail-out their builder and banker buddies), while Rome burns (that's you an me paying taxes for their mistakes, Constantin).Carrigalinehttps://www.blogger.com/profile/04715124324738510772noreply@blogger.com