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What do you think should happen to the current bunch when it does fail?Fine Gael and Labour and Sinn Fein have spent the past three months spouting off as to how they fully believe that NAMA will fail. What happens if it is a success ? Will the Top Brass at these Political Parties do the honorable thing and resign from Political Life permanently. What a thought ?? Any comments ?
Like FF did the honourable thing after getting us into this mess??
What do you think should happen to the current bunch when it does fail?
And now I suppose it is FF fault that most of Europe is in the same mess. Go to Holland which is in a bigger mess than here.
Governments cannot and should not interfere with Private Enterprise.
But let responsibility for the atrocious management of this country to date be taken now.
I'm sure that mistakes would have been made by other parties if they had been in government at the time. However, that is no excuse to avoid accepting responsibility for what happened on your watch. 'Someone else would probably have done the same' just doesn't cut it. What party gave the public sector those increases that have allegedly put them so far ahead of the private sector solely in an effort to buy votes? Let responsibility for the success or failure of NAMA be taken when such is known. But let responsibility for the atrocious management of this country to date be taken now.
Fine Gael and Labour and Sinn Fein have spent the past three months spouting off as to how they fully believe that NAMA will fail. What happens if it is a success ? Will the Top Brass at these Political Parties do the honorable thing and resign from Political Life permanently. What a thought ?? Any comments ?
The point is not that they 'probably' would have made mistakes. The point is that all governments/political parties try to interfere in the economy, and that ALL forms and means of intervention are negative on the economy. Unless there is a political party out there that says they wouldn't have intervfered during the boom and bust, it is safe to say that any form of government would have made the same mistake of intervening in what ever shape or form.
Surely Chris, a function of government is management of the economy? The prosperity of a country is completely dependent on the economy. What no party or government should do is manage the economy in reckless, narrow minded, vote winning fashion. The policies of appeasement and unwarranted wage and social welfare rises, coupled with reliance on one-off property taxes are the reason we are where we are today. The ecomony should have been managed in a sustainable manner. A first year economics student would be able to tell us that the strength of economies are cyclic and that it was inevitable that a recession was going to come along. So where is our little stash for a rainy day? Why weren't policies introduced to move away from large one off taxes e.g. stamp duty & VRT, which were dependent on economic growth? The answer is simple... greed. Unwarranted, unnecessary and self-fulfilling intervention should never take place, but proper management with nothing but the countries long term prosperity is what a government is there for.
he answer is simple... greed. Unwarranted, unnecessary and self-fulfilling intervention should never take place, but proper management with nothing but the countries long term prosperity is what a government is there for.
Can you clarify what you mean by this?If we all could see the last Bacon report a few years ago, the Government tried to cool the market and the opposition made such a noise that the Govt had to back off.
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