What is truth?

Archive for September, 2009

NAMA FUN ?

By Kevin Doyle

Wednesday September 30 2009


taken from the hearld.ie

 

The head of the body that will control NAMA has joked that he would like the agency to buy his own house.

Top-paid civil servant Michael Somers, the chief executive of the National Treasury Management Agency (NTMA), says he missed the boat by not selling his house during the boom.

In a tongue-in-cheek letter to Fine Gael’s Leo Varadkar, Mr Somers says: “I could have done very well by selling at the peak, renting and now buying a better house for a much lower price. However it wasn’t to be.”

Deputy Varadkar had attempted to put the NAMA logic to the test by offering to sell his own apartment to the body on the same terms that is being offered to indebted property developers.

He wrote to the NTMA earlier this month explaining that his home was now in negative equity and he would like to transfer it to NAMA as soon as possible.

Having bought the Carpenstertown property in 2004 for €350,000, its value jumped to €500,000 in 2007, but following the collapse of the market is now worth just half of the peak amount.

“Using the formula outlined by your chief valuer at the Joint Oireachtas Committee on Finance, I estimate its long-term economic value to be €420k,” wrote the Dublin TD.

He added that by doing such a deal with NAMA, it would release him from his current mortgage and car loan “thus satisfying the banks and would leave me with a small deposit which I could use to buy back my apartment with a mortgage I can better afford”.

Bizarre

The letter was sent on September 11 and Mr Somers’ bizarre reply came six days later.

He wrote: “Having bought my present house (in very poor condition) in 1994 I watched in amazement at the prices at which houses in the area were subsequently sold.”

Writing about the collapse in the property market over the past year, he said: “We all have our theories about how this all happened.”

And he concludes: “If your proposal is successful, I could be interested in looking at it myself.”

Speaking about the unusual correspondence, Mr Varadkar said: “It’s good to see there is a civil servant in the country who still has a sense of humour.”

Well TD’s and civil servants can make jokes about NAMA but the people that have no jobs don’t have such luxury, as they struggle to cope with the results of the corrupt political system and bankrupt policies of this state

Indeed I go further and ask the question how many people have lost their lives through suicide as result of negligence of the financial regulator, the Finance Minster and the utter incompetence of the Taoiseach

they all share the responsibility

put some slat in it !

Slight rise in unemployment rate

Wednesday, September 30, 2009

From the Irishtimes.com

The latest figures from the Central Statistics Office reveal that the number of people on the Live Register fell by over 16,000 since last month.

According to the latest CSO figures, there were 423,639 people signing on the Live Register during September compared to 440,056 last month, a drop of 16,417. There were 240,217 people on the Live Register in September 2008.

However, when the figures are seasonally adjusted, there was an increase of 600 people on the register to 429,400 in September.

These figures are of course not the real figures as I have pointed out in earlier postings that a vast number of unemployed are not even in the unemployed statistics

I myself do not show up in these figures, why, because I was self-employed and as such I am not entitled to any state help .That’s right no jobseekers allowance and no other social security payments

That’s the same for all those chippies, electricians, bricklayers and any other Joe soap that got up off his or her backside and started their own business

Most of the tradesmen in the building business were made to declare themselves self employed by the Building contractors and Developers and when they signed on to the dole office they would have being told the same as I was

I have not heard from the local dole offices since I signed on in January and because I am not entitled to any state funding they won’t count me into the statistics for another 9 months

The above unemployment figures also do not take into account the 35,000 Irish Nationals that have emigrated since January either! Not to mention the approximately 30,000 other nationals that have also left Ireland since January

These numbers are to be taken with a piece of salt (if you can afford it that is)

All we need now is for some smart arse, in the pay of the Government, to declare that this depression is ended and the Green shoots of recovery are in sight .Yeh!!!!!


 

The Oscar Wilde

I had the pleasure of taking the Oscar Wild from Irish Ferries  last week to France and I was pleasantly surprised with the accommodation

Unions

Are the Unions representing you or themselves?

For some time now I have believed the Unions Bosses here in Ireland were just part of the same elite as the corrupt politicians .This is why we have not seen any civil unrest when the various venerable selections of our checkered society

Were heavily taxed in the last budgets, even the pensioners were left to their own devices to fight for their own battle for their medical cards

Ordinary workers, self employed and other non union members were fleeced in the last budgets; there was not even a whimper from the union Bosses not even when the Government were taking Billions away from the Health budget and the public services were being cut to shreds!!The same billions going to bailout Bankers and their pals in the Galway races tents were also being bailed out with billions being paid for worthless assets, still not even a whisper! From these Union Bosses

The same people that get salaries of 250.000:00 Euros plus (as |much as The American president) then to-day I pick this up from the web press

But now that the Government has now coped on that they cannot keep bashing every other worker in the state and ignore the biggest elephant in the room the civil service they have now started to send out their spin doctors and even stated that they will be looking for a 5% decrease in public servants pay

This has not gone down at all very well with the fat union Bosses as their own members have now threatened to go it alone without their own union bosses if need be!

The moment their own Big Bulks is at risk the civil service Unions threaten to flex their muscles

They are of course totally out of touch with the rest of us and what is happening in the private sector (wages down by 35% this year alone, most private pensions have being wiped out ) will soon realize that the general public has be alienated from them and will not support them

This time the government must cut the civil service numbers to a more realistic number that this country can support and the wages must be brought back to a reality that the ordinary person in the street can agree with

 

 

 

Out of Touch Charlie!


 

Charlie McCreevy, Ireland’s European commissioner, who joked during last year’s Lisbon treaty referendum that he had not read the document and “no sane person would,” on Friday warned a second rejection by Ireland next month could turn a “very serious economic problem for Dublin into a full blown economic crisis”.

Charlie if you were living here in Ireland on the ground like the rest of us instead of living at taxpayer’s expense in Brussels you would see that we are already in a Depression, that’s well past a full blown economic crisis”. Mate!

My way My Job My few bob


A senior Irish Government minister has warned that Europe would be plunged into crisis if voters reject the Lisbon Treaty for a second time.

With four days to go until the all-important referendum re-run both pro- and anti-treaty groups are ratcheting up their efforts to sway the electorate.

Foreign Affairs Minister Micheal Martin said there was no back-up plan if voters throw out the controversial charter on Friday. “There are no contingency plans,” he said. “The bottom line is if Lisbon doesn’t go through I think it puts Europe into a crisis position because we do believe, all of us involved in the European Union, that the reforms which are quite modest actually in the Lisbon Treaty are necessary to enable Europe to play a more effective role on the world stage.”

 

This sounds to me that the Government are not sure that the polls putting a comfortable majority for the Treaty this time round might not be what the people will really vote for

Could it be that the people are just as devious and give the Government a bloody nose

Vote No and get rid of this bunch of self interest politicians on the make

Gone Fishing

On Wicklow Harbour east wall this Sunday past I spotted this couple from Clondalkin fishing and there was plenty to see too!

 

 

Just one thing the litter that was left after some other fishermen does need to be tackled

these bags in the centre of the picture were full of empty beer cans

 

 

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