NY TIMES: In Ireland, a Picture of the High Cost of Austerity

[eqcitizen]

What do people think about this article and are there any thoughts on how to address their falsehoods?
http://www.nytimes.com/2010/06/29/business/global/29austerity.html

[Monarchist]

Only the Irish could fail at not spending their existence in oblivion.

[Stop Making Cents]

gee, i dont' know. Maybe importing foreigners when your own people are out of work isn't the brightest idea. :confused:just a thought though.

[hugolp]

Ireland is not as bad as Greece or Spain. Sure they are suffering, but they are in a better position, and that is something notable considering that the irish government did not spend money to make up the statistics. Also, they are doing the correction. Sure, corrections are painfull and unemployment will go up, but its the quickest way to get out of the recession that the bubble created. The ECB reported last week that the indicators are showing a recovery in those countries. Meanwhile Spain and Greece are not seeing the end of the tunnel.

Also, Netherlands and Findland aplied an austerity plan and the ECB said also that they are starting to recover.

This is just keynesians propaganda. They are in rage because the internet is showing them as the clowns they are and they are trying to use all the emotional tricks they can.

[Krugerrand]

Austere socialism is still socialism and is still doomed to fail.


Politicians here have raised taxes and cut salaries for nurses, professors and other public workers by up to 20 percent. About 30 billion euros ($37 billion) is being poured into zombie banks like Anglo Irish, which was nationalized after lavishing loans on developers.

Just from the article ... why is the government employing the nurses and professors? The solution isn't austerity on it's own ... it's cutting the government purse and opening up the free markets.

[lester1/2jr]

"But pay cuts have spooked consumers into saving, "

lol paradox of thrift. yeah what we need is another ridiculous boom. that's the only way to grow en economy. this time we'll get out in time

"Mr. Stronge plans to seek alternative energy jobs in Britain "

another ridiculous bubble. he'll flee that one when it sinks


"agreed last week not to cut public wages again in the next budget"

lol of course.