Economic depression in Ireland IS the fault of our politicians
Make no mistake…our politicians saw ‘the train of economic destruction’ coming down the tracks but kept their mouths shut in case they would be the first casualties. They knew that their pals who pass for the Captains of Industry and, whom they had facilitated to loot the country during the Celtic Tiger era, were scraping the bottom of an already empty barrel.
But they didn’t have to worry because substantial portions of the loot had already been secreted away for future use when the heat died down.
Mark my words, all of the crooks - politicians, developers, financiers etc - who are responsible for our sorry and mostly avoidable mess will be back in business in the near future carrying on as if nothing happened because the stupid electorate, who will pick up the tab, will make very little fuss because their money has already been used to pay ‘consultants’ to find out to what extent the voters can be fooled…a vicious circle.
Gene Kerrigan puts it all in perspective in his piece in today’s Sunday Independent
“For years, bankers borrowed billions abroad to lend to developers, who in turn made billions building crap houses (often in absurd locations) to sell to anxious house-buyers, who were urged to buy now before they were excluded from the property ladder forever. And the home-buyers borrowed billions from the banks to buy the crap houses at grossly inflated prices.
All this was designed and encouraged by lousy politicians, using tax incentives to help their builder buddies, who in turn contributed handsomely to the parties’ funds — because they’re so committed to democracy.”




