Leo Varadkar's Junk Economics Debunked

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Tadhg Gaelach

Tadhg Gaelach

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#25
He's certainly steered clear of the topic because he knows his time is up and there's a bunch of professionals in the accounting and financial services industries waiting to call him out for the West British bluffer he is.

It seems the Varadkar Régime is openly admitting that it doesn't have the ability to plan the Irish economy - and has invited the IMF back in to do the job.

The IMF is back: Experts return to advise Government on spending plan - Independent.ie
 
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#27

Irish Consumer Price Index (June) Year on Year minus 0.4% (previous plus 0.2%). The Irish economy is in deflation, i.e. shrinking. Some recovery :rolleyes:

 
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#28


Irish Growth Rate for Quarter One was Minus 2.6%. The 26 counties is now in full deflation mode. What a Recovery!

 
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#29
You'd wonder why Leo has to turn like an organisation like the IMF for economic advice. Either he doesn't have an understanding himself and his advisers can't calculate whats going on or else he wants Ireland to go back into default which is why he is courting them. Surely he should be saying everything is fine and under control here and pushing them away rather than courting them. Strange and inexperienced.
 
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#30
You'd wonder why Leo has to turn like an organisation like the IMF for economic advice. Either he doesn't have an understanding himself and his advisers can't calculate whats going on or else he wants Ireland to go back into default which is why he is courting them. Surely he should be saying everything is fine and under control here and pushing them away rather than courting them. Strange and inexperienced.

It certainly is strange. Varadkar may not have any economic experience, but Noonan has been around long enough to learn something. I think you're right that something untoward is afoot. Ireland has over 50 billion euro in bonds coming to maturity over the next four years and no way to pay them - you may be right that some kind of default is being planned.
 

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#31
The price decreases are directly related to the fall in the value of the UK pound. We trade a lot with the UK and we are now buying their products for less. The deflationary figures shows at least some of these reductions are being passed on to consumers. A good thing most would think.

Should be simple enough to understand really, I am surprised some people seem to be struggling.

Trade with UK pushes Ireland back to deflation

While a weak pound has led to uncomfortably high inflation in the UK, its post-Brexit referendum depreciation has created the opposite problem in Ireland. Data released this morning showed that, on an EU-harmonised basis, average consumer prices in Ireland in June were 0.6 per cent lower than the same month last year, the lowest figure since last March. In an “economic letter” released this afternoon, economists at the CBI estimated the pound’s weakness – it has fallen 13 per cent against the euro since the referendum – caused prices to be 1.2 percentage points lower over the course of a year than they would have been if sterling had remained stable. Despite a shift in recent years, the UK is still one of Ireland’s most important trading partners, providing almost a quarter of the country’s total imports in 2016. Moreover, according to the CBI’s Paul Reddan and Jonathan Price, those imports have a disproportionate impact on inflation as they are predominantly consumer and manufacturing goods. In contrast, a large proportion of Ireland’s imports from the USA are pharmaceuticals or aircraft which are re-exported, not sold to Irish consumers. So far, the weak inflation isn’t necessarily creating problems – the economists say the weak inflation last year “stimulated personal consumption expenditure through an increase in the real disposable incomes of Irish consumers”, while the country’s household debt levels continued to decline.
 

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#32
You'd wonder why Leo has to turn like an organisation like the IMF for economic advice. Either he doesn't have an understanding himself and his advisers can't calculate whats going on or else he wants Ireland to go back into default which is why he is courting them. Surely he should be saying everything is fine and under control here and pushing them away rather than courting them. Strange and inexperienced.
Or the government is anticipating that by having a seal of approval from the IMF they will be able to

a) use this to bludgeon the Irish public to agree to more PPP road projects.
b) obtain better terms for the financing of the new toll roads they will build.

The government has long ago discovered how handy it is to have a scapegoat for their more unpopular policies. That I think you will find will be the IMF's main role.
 
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#33
Or the government is anticipating that by having a seal of approval from the IMF they will be able to

a) use this to bludgeon the Irish public to agree to more PPP road projects.
b) obtain better terms for the financing of the new toll roads they will build.

The government has long ago discovered how handy it is to have a scapegoat for their more unpopular policies. That I think you will find will be the IMF's main role.
Yes I think FG like having someone else to blame when it comes to the economy. And then impose either cuts or spending in the wrong places for example to help rich people.
 

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#34
Yes I think FG like having someone else to blame when it comes to the economy. And then impose either cuts or spending in the wrong places for example to help rich people.
Precisely. It is like the water charges where they are trying to claim it is the evil EU making them do it. Likewise with the refuse collection where again charges are likely to go up through the roof. The end result of all these policies is money is shifted from the poor to the rich.

It seems none of these bodies ever makes our government adopt policies which might aid the poor.
 
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#35
I see that "Taoiseach for the Middle Class" Varadkar is putting together a plan to save the small time landlord from extinction. But, is the euthanasia of the rentier classes not to be desired - as John Maynard Keynes put it. What we need is housing for the population, not support for landlords at the taxpayers expense. As we know, mass immigration is itself a form of state support for the landlord classes.

Speaking at a grassroots event in Wicklow tonight, Mr Varadkar said in modern Ireland it is "almost a bad thing" to be someone who owns and rents out a number of properties.


Yes, you mulatto faggot, being a parasite is a bad thing.

Varadkar says landlords 'should be treated like any other business'
 
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#36


The Punishment for Traitors


Dirty Varadkar has awarded 10% of Dublin Bus routes to a private English company. This is national treason. Varadkar is pure filth - not Irish at all. He is asset stripping our country for the profit of his Globalist string-pullers.
 
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